🏡 How to Buy a House – A Simple Guide

Buying a house might seem like something only adults do (and yeah, it is), but here’s how it works in simple steps. Think of it like a big adventure to find your dream home!

1. 💸 Know How Much You Can Spend

First, you need to figure out how much money you can use to buy a house.

You’ll need some money saved up for the down payment (that’s like a starter fee).
You’ll also have to pay a bit every month to the bank (called a loan or mortgage).
There are also some extra costs like lawyer fees and taxes / stamp duties.

Tip: Grown-ups use websites or go to banks to check how much loan they can get. Or they also check with a trustworthy agent.

2. 🔍 Start Looking for a House

Now the fun part — house hunting!

Ask a real estate agent (that’s someone who helps people buy/sell houses) to help you.
You can also search online on websites like legacyre.com.my or mudah.my
Go visit the houses you like in person to see how they feel.

3. 🕵️ Check the House Carefully

Before you say “Yes!”, make sure the house is in good shape.

Look for cracks, leaks, or anything broken.
Ask if the price is fair compared to other houses nearby. Your agent should be able to tell you this. If you are dealing directly with owner, they might not aware of the latest market value.

4. 💬 Make an Offer

Like buying anything, you can talk about the price.

Your agent can help you negotiate (that means discussing a better deal).
Then you officially say, “I want to buy this house,” with an offer. (normally a 2% or 3% booking fees we agent called “Earnest Money”)

5. 🏦 Apply for a Bank Loan

To help pay for the house, adults apply for a loan from the bank.

You give the bank some papers (like your income info).
If the bank agrees, they’ll send you a Letter of Offer (a document saying they’ll lend you the money).

6. ✍️ Sign the Offer Letter

Once you agree with the loan, you sign it.

7. ⚖️ Get a Lawyer

Now you need a lawyer to help with the legal stuff.

They make sure everything is fair and by the law.

8. 📑 Sign the Sale Agreement and Loan Agreement

You and the seller both sign a document called the Sale & Purchase Agreement (SPA). If you are taking a bank loan, you need to sign the loan agreement too.

You’ll pay the balance deposit money (another 7% to 8%) as part of the house price.
The lawyer will make it official by getting it stamped and registered.

9. 💵 Finish All Payments

To complete the sale:

You pay the stamp duty (a kind of tax).
You pay the rest of the money to the seller. If you are taking a bank loan, the bank will pay on behalf of you.
Once everything’s paid, the house is almost yours!

10. 📝 Register the House in Your Name

The lawyer will make sure your name is officially added as the new owner.

This happens at a government office (the land office).
Then you get a super important paper called the Title Deed — proof you own the house!

11. 🧳 Move In!

Congratulations!

Now you can move in!
Don’t forget to switch the water, electricity, and internet under your name.

That’s it! Buying a house is a big deal, but if you take it step by step (and get the right help), it’s totally doable. 🏠

Note:

This is a simplified version of the process. To know more about the full process and time frame taken to complete a transaction, feel free to speak to any of our agent.

Happy Hunting!

Written by,

Yeoh Kok Woe | REN21251

How to Buy a House – A Simple Guide