What cash should I prepare before buying a home?
Budget for the purchase-price amount not covered by approved financing, plus legal work, stamp duties, required valuation, searches, registration, applicable insurance or takaful, and moving or repairs. Example only: RM500,000 price minus a RM450,000 approved loan leaves RM50,000 of unfunded purchase price. Any purchase deposit already paid counts within that RM50,000, not on top. Other costs are separate, subject to actual exemptions and bank conditions; this is not a valuation or quotation. Match payments to their due dates.
What to do next
- Confirm the approved loan and price shortfall.
- Obtain itemised legal and bank quotations.
- Prepare a dated cash-flow checklist.
An advertised financing margin is not your approval. Costs and exemptions vary; a single percentage cannot be an all-in quotation.
Sources and conditions
- Malaysian Bar — LAW & REALTY: Understanding an SPA (Part 1) ↗Online sources checked:
- Solicitors’ Remuneration Order 2023 — P.U. (A) 207 ↗Online sources checked:
- LHDN — Garis Panduan Pengenaan Duti Setem Bagi Surat Cara Yang Tertakluk Kepada Jadual Pertama Akta Setem 1949 ↗Online sources checked:
Source checks are not a bank approval, legal opinion or verification of a particular property. Check current conditions with the linked provider before acting.