Are you planning to move to Malaysia? Then you must constantly be thinking about the Malaysian property market. Buying property in another country is always a challenge; there are a lot of risks involved. But if you do everything right and work with the right people, you will have a property that’s going to yield you a lifetime of benefits. Here’s how you can go about buying a new house in Malaysia.


Consider your budget
This is the most important aspect of buying a house. You need to work out your budget before you start searching for your new home. Remember that the overall cost of buying a house involves more than just the purchase value of the property; you should also consider legal fees, agent fees, and taxes. Furthermore, you might also want to pay an initial payment; it’s usually 10% of the sale value of the property, so make sure you are financially able to pay that amount.


Find your new house
Now that you’ve worked out your budget, it’s time for you to start looking for your new home. When it comes to property in Malaysia, you have a variety of options, including Anantara Desaru Coast Residences. There’s more to choosing your new home than checking if the interior and the exterior fit your preferences. You should consider the location and the kind of lifestyle you want to lead here in Malaysia. If you love beaches and are into nature, you should consider a Johor property for sale. But if you like living in the city, you should find a property in a city with all the modern buildings, skyscrapers and so on.


Work with a real estate agent
If you find the right real estate agent for you, the process of finding your new home will be a smooth one. An agent can tell you everything about the real estate market in Malaysia, what to look for, and what to avoid. However, you should find a trustworthy and experienced agent.


Find a lawyer
You cannot take care of the legal aspect of buying a house by yourself; you need the assistance of a lawyer. So, find a good lawyer and let him or her take care of the legalities of buying a property. As with real estate agents, the lawyer too should be experienced and reliable.


Secure financing
Now, you need to think about securing a loan. You can speak to your bank to find out what needs to be done. If you are a foreigner looking to buy a house in Malaysia, you need to look into the rules and regulations concerning a foreign investor obtaining a loan in Malaysia.


Letter of intent
Now that everything else has fallen into place, it’s time to let the seller know that you intend to purchase the house. You can do this by sending the seller a letter of intent.


Do a house inspection
It’s always best to do a house inspection before buying the property. You can hire a qualified house inspector for the task and obtain a house inspection report. You need to make sure that everything is in order before you sink your money into the house. The Interior and exterior should be perfect; the roof should be up to snuff, and you should pay attention to plumbing and flooring as well. Unless it’s a brand-new house, you will have to do a few repairs yourself, or you can ask the seller to do the repairs. Whatever you do, bear in mind that you should only proceed with the sale of the house if the house is as it should be.


Sign the agreement
If you are happy with the condition of the house, it’s time for you to sign the agreement. This is the moment the lawyer comes into play. Before placing your signature on any document, get your lawyer to check the details first.


Pay the money
The agreement is signed; you know you’ve made the right decision, and now, you should pay the money. Cover all the costs, and make sure your agent and the lawyer are paid too.


Move in
If the house is not vacant, your seller may ask you for a period of time during which the house occupants can move out. After the occupants have moved out, you will receive a notification, and you can move in! You can decide on the kind of furnishing after you’ve moved in; it takes time to know how a house works.