- lelongsifu@gmail.com
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these questions, especially if it’s your first time buying lelong properties. Don’t worry, we’ve got you covered.
You might know that auction properties are cheaper than new or sub-sale ones, but did you know by how much? Usually 30-50% cheaper! Imagine buying a property worth RM500,000 for just RM300,000!
Plus, most auction deals (about 80%) don’t need you to pay agent fees because the banks cover them. Even if there are any agent fees, they’d be cheaper than those you pay for new and sub-sale. So that means, you get to save a lot of money!
Not at all! In our experience, many of our clients buy these properties, fix them up nicely, and sell them for a good profit. And with that profit, some even upgrade to bigger homes! It’s a smart way to manage your money and grow your investment.
Yes, it can be a bit risky since you can’t view the inside. But the savings you get—which is 30-50% off the market price—can usually cover any potential problems. Plus, with our experience, we help minimize these risks for you as much as possible.
The bank usually covers 70-80% of these costs. You might have to pay the rest upfront, but the bank will repay you later. It’s a common practice so that you’re not left with unexpected expenses.
Absolutely! You can get a bank loan just like with any other property. The process typically takes 90-120 days. Each case is different, but we’ll guide you through it step by step.
We’ll serve them a Vacant Possession (VP) notice, which gives them 90-120 days to move out. So far, we’ve had a 100% success rate with this step. Though we’ve never had to do this, if they still don’t leave, we’ll get a court order, which usually takes 3-6 months. Either way, you, as the buyer, don’t have to worry. We’ll get the property ready for you the soonest possible!
Great question! Yes, you can buy auction properties yourself, but having an experienced agent like me can make the process smoother and less stressful! I provide full service from start to finish, from property visits, risk checks, registration and bidding, and finally, making sure the property is vacant
before handing over the keys. (Check out our full services here.)
Plus, because of personal experience, I’m passionate about helping our clients earn profits by reselling! (Check out my story here.)
Besides, RM16M+ in client savings and a 100% success track record must mean something, right? 😉
That’s great! Browse the properties we’ve listed, and once you find a deal that catches your eye, let us
know. We’ll be waiting.
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