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TOPIC: Booking of Property

Booking of Property 3 months, 2 weeks ago #20162

Hi.

If I have placed a booking of RM5000 on a new property worth $500K ... Upon signing S & P, the price might have appreicatied to $520K...Will my loan application be based on the appreciated market price or the moment I signed the booking form.

Thanks

Re:Booking of Property 3 months ago #20242

No,It would be based on the moment,when you signed the application form.For more info,you could contact with the experts.I am also wondering about to book property in Canada.

Good Luck!!!!
Last Edit: 3 months ago by helpdesk.

Re:Booking of Property 4 weeks, 1 day ago #20619

Cedric wrote:
Hi.

If I have placed a booking of RM5000 on a new property worth $500K ... Upon signing S & P, the price might have appreicatied to $520K...Will my loan application be based on the appreciated market price or the moment I signed the booking form.

Thanks


It is totally based on the time of agreement when you signed it. You may also get more useful information by contacting with any real estate adviser at that place where you have to deal in property because they know much better the rules of that area regarding this.

Re:Booking of Property 4 weeks, 1 day ago #20620

I do agree that it will be based after you sign the papers. But you still need to make sure on the details of the contract that you signed better to ask for assistance to a real estate agent.



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