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Current Market Rate For Legal Fees

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may i know the above?

bank loan subsidy is $2500

usually legal fees are within or more than this amount?

Just make sure u don't take a lawyer which is recommended by your property agent as the law firm will jack-up price to pay agent's commission..I learn thru mistake as I pay $3900 lawyer fee on a 500k property.

 

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Just make sure u don't take a lawyer which is recommended by your property agent as the law firm will jack-up price to pay agent's commission..I learn thru mistake as I pay $3900 lawyer fee on a 500k property.

Thanks for the good advice. :)

 

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I took the property agent's recommended lawyer at HDB Hub because of convenience since it's located near to my office and it was a terrible experience. First, the lawyer is very impersonal and does not bother to explain anything. Secondly, I have to pay them close to $1k on top of the $2.5k that the bank is absorbing. The service that the lawyer provided me was absolutely dissatisfactory which caused me lost time and money. On the day of my completion, I was informed that they need one last doc from the bank which they did not even informed me nor the bank and expected me to produce it within half hour to their office. This lawyer even have the cheek to tell me that I may have to pay late completion charge if they don't receive the doc when it was clearly their fault cos they are representing the bank too! I regretted not going to my own lawyer because I was told that the $2.5k absorbed by the bank should be good enough to cover legal costs. So go get a good lawyer to save you time, money and stress.

 

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I remember the property agent who sold me my first property also referred me to his lawyer.

When the lawyer did lousy follow-up, asked for extra fees and nearly screwed up at the end, the agent only said, “Really? I haven’t heard of this before. Actually, I don’t know this lawyer very well.”

See the true story in my blog at http://propertysoul.com/2010/09/26/traits-...roperty-agents/

http://propertysoul.com

 

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I remember the property agent who sold me my first property also referred me to his lawyer.

When the lawyer did lousy follow-up, asked for extra fees and nearly screwed up at the end, the agent only said, “Really? I haven’t heard of this before. Actually, I don’t know this lawyer very well.”

See the true story in my blog at http://propertysoul.com/2010/09/26/traits-...roperty-agents/

http://propertysoul.com

the agent can claim referral fees from the lawyer. Ask from the bank insteady. Agent's recommendation suck like most of friend encountered..expensive.

 

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One of the law firm which is commonly use or recommended by banks is www.ylp.com.sg. I have use them several time and their rate are very reasonable. The firm belongs to George Yeo's wife so dont have to worry they will run off with your money..:)

Only problem is it is located at MAS building, which can be a little inconvenient if you dont know where to park.

 

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