Every house buyers should understand what is the meaning of S&P Agreement, and how its so important during property purchase. If you don’t know it, do read our previous article: What Is S&P Agreement. Besides, if you never buy a house before or plan to buy a house in Malaysia, then this article you should not miss as we will telling you what its process during property purchase;

The first thing you need to do is Get A Solicitor, you can choose, either

• Buyer and seller use the same solicitor
• Buyer and seller hire different solicitor
Let’s talk about how if the buyer and seller use the same solicitor;

The buyer is being protected while the seller isn’t which means that the solicitor will focus on the buyer’s perspective and charge the sellers for basic processing fee. In such case, the processing fee will be very minimum, i.e.g ~ 80% which is lesser.

On the other hand, should the buyer and seller hire different solicitor, both parties will be protected by their own solicitor. That means the process will take a little bit longer as it will take a lot of back and forth official communication to make sure both parties interest are protected. For example, seller’s solicitor drafts the S&P Agreement and the buyer’s solicitor will check on it. If there is some terms are incorrect, the buyer’s solicitor will return its agreement to seller’s solicitor for amendment.

I believe that you’re wondering which one is better. However, it is more on the seller’s choice while the buyer is more or less the same. In brief, you can choose the first one should you trust the solicitor (the solicitor could be side with the seller and din’t explain the agreements to you clearly) or you want to save cost.