If you own the property outright, you need to provide the title deed. If the property is mortgaged, you will need to contact your bank for a release letter once the sale is confirmed.
Sale and Purchase Agreement is a legal document that provides the terms and conditions of the sale.
You will need some identification (e.g., MyKad for Malaysian citizens or passport for foreigners) to provide during the sale process.
In Malaysia Form 14A is a required form for property transfer in Malaysia when selling a property either through an agent or by using the for sale by owner route.
Hire a Real Estate Agent (Optional)
You can also sell your property directly, but many choose to hire a licensed real estate agent for assistance.
Agents can list the property and market it on websites like IPD, handle negotiations and legalities, advise on appropriate prices, all for a commission fee (usually around 1-2% of the sale price) upon completion of the sale.
Advertise Your Property Online listings: Use property listing websites like PropertyGuru, iProperty, or EdgeProp, IPD.
Sign a Sale and Purchase Agreement (SPA) which is the legal document that outlines all the details of the sale.
You can use a real estate agent or broker to help you find a buyer, negotiate, and get the best price for your property. Agents typically take a commission of up to 3% of the purchase price.
Marketing - You can use an international website, social media, and third-party listing portals to market your property.
You can work with a team of attorneys, accountants, and real estate agents during the sale or a mix of those professions depending on how you wish to sell your property.
Note this information is purely a guide, and if selling or renting in Malaysia, we advise you to seek professional help as relates to your specific needs.
Find out how to list a property in Malaysia for sale here.
