How long would it take for buying and selling a property

The length of time it takes to buy and sell a property in Malaysia can vary depending on several factors such as the type of property, the location, the complexity of the transaction, and the parties involved. Generally, the process of buying and selling a property in Malaysia can take anywhere from several weeks to several months.

For buying a property, the process typically includes:

Finding a property: This can take anywhere from a few days to several months, depending on the buyer's preferences and the availability of properties.

Negotiating the price: Once a property is found, the buyer and seller will negotiate the price. This process can take several days to a few weeks.

Signing the Sales and Purchase Agreement (SPA): Once the price is agreed upon, the buyer and seller will sign a SPA. This process can take several days to a few weeks.

Obtaining loan approval: If the buyer is financing the purchase with a mortgage, they will need to obtain loan approval from a bank or other lending institution. This process can take several weeks to a few months.

Completing the transaction: After all the above steps are completed, the transaction will be completed and the property will be transferred to the new owner. This process can take several days to a few weeks.

For selling a property, the process typically includes:

Preparing the property for sale: This may include making repairs, cleaning, and staging the property. This process can take anywhere from a few days to a few weeks.

Listing the property: Once the property is ready, it will be listed for sale. This process can take a few days.

Showing the property: Once the property is listed, potential buyers will view the property. This process can take several weeks to a few months, depending on the number of interested buyers.

Negotiating the price: Once a buyer expresses interest in the property, the buyer and seller will negotiate the price. This process can take several days to a few weeks.

Signing the Sales and Purchase Agreement (SPA): Once the price is agreed upon, the buyer and seller will sign a SPA. This process can take several days to a few weeks.

Completing the transaction: After all the above steps are completed, the transaction will be completed and the property will be transferred to the new owner. This process can take several days to a few weeks.

It is important to note that these are rough estimates, and actual times can vary widely depending on the location, the complexity of the case, and the parties involved. Consult with your chosen lawyer.