Webinar Date: 18th April 2017
Expert: Shanmughanathan @Jeevan is a Bidding Consultant with 15 years experience in Real Estate, also as an auctioneer of Khoshee Auctioneers Sdn Bhd.
He is the author of “Real Estate Auction in Malaysia.”
Content:
– What are the criteria to decide if a particular auction is worth participating?
– The step-by-step of doing due diligence before bidding
– Is there any collusion between property agents and auctioneers to lock in some properties located at high yield locations to flip later?
– Excellent location usually has intense competition, some even with group /gang to make sure they win. How do we challenge and win against them to increase the odds of success?
Is it legal to get a deal from bankers even before it goes to auction?
– Live question and answer session with live audience
https://kclau.wistia.com/medias/q1kxl7bcfv?embedType=iframe&seo=false&videoFoam=true&videoWidth=900
3 replies to "Auction Property Q & A"
Is it legal to get a deal from bankers even before it goes to auction?
Check out the last few minutes of the video on Q&A. Jeevan said that it is called “mortgage rescue”.
1) If the auction property comes with outstanding bill such as utilities and payment payable to local council, would the new Owner be liable to pay those outgoings upon securing the property successfully via bidding?
2) How if the current Owner refuse to vacate the auction property even though we have purchased the auction property?
3) Upon successfully purchased the auction property, do we need to appoint a solicitor to represent us in dealing with legal course or we can just get it done by liasing with bank’s appointed solicitor?