Rumah lelong

Went to property auction last Saturday to bid for a house, price is RM139k. And it went up all the way to RM178k. Can you beleive it??? This is not the price of rumah lelong.

So anyway, today I would love to share the procedure of buying a rumah lelong.

1. Check the house and TNC. The taxes and maintainance fees usually will be covered by the bank. You cover only the utilities bill (kalau ada tunggakan)
2. If you are interested, register your name, us we registered to the agent.
3. Then, do a banker's check (5% or 10% from the price of the house before bidding)
4. Bidding day, register and leave your check and IC at the couter.
5. During bidding, stick to ur max budget. Minimum bidding usually every RM1k or RM2k.
6. If you win, you'll be given 120 days to get a loan.
7. Else, take back you banker's check and IC at the counter.

So I lost the bidding.. Maria said, "Maybe rumah tu berhantu". So funny! But, I know it's not the best thing for me because...

I found a better house near the rumah lelong at a better price and it's not rumah lelong!! :)

Moral of the story, please survey the price of the house before you set your maximum target during the bidding. The bidder who bids the house for RM178k surely did not do his homework cuz the value of the house is way lower than that!

Don't do the same mistake!!