Asked by BILL CW
Hello guru,
I am planning to purchase a property at Caribbean soon. But have a few questions hoping you can help with:
1. How much of the legal cost would be?
2. Do I pay the commission to my agent? Is his commission already being covered by the seller?
3. My friend advised me to wire 4% of the purchased amount after the option to purchase to his own account then he will pay on my behalf. Do you think it is a right way to go? I thought I will need to deposit the money to solicitor's account.
4. Can my friend sign the option to purchase on my behalf or I will have to sign this doc myself.
Many thanks for your help.
I am planning to purchase a property at Caribbean soon. But have a few questions hoping you can help with:
1. How much of the legal cost would be?
2. Do I pay the commission to my agent? Is his commission already being covered by the seller?
3. My friend advised me to wire 4% of the purchased amount after the option to purchase to his own account then he will pay on my behalf. Do you think it is a right way to go? I thought I will need to deposit the money to solicitor's account.
4. Can my friend sign the option to purchase on my behalf or I will have to sign this doc myself.
Many thanks for your help.
1015 views
1. it is for investment purpose
2. has tenants already
3. two bedrooms
4. hopefully ground floor but no required
5. under $1,300 psf
Please let me know what you can do.
Thanks,
Bill