Attitudes of Sub-Sale Home Buyers and Vendors in the 21st Century: Legal implications
Main Article Content
Abstract
This article analyses the legal implications of sub-sale house buyers and sellers' attitudes as illustrated in judicial cases from Malaysia, Australia and the United States. The cases demonstrate that purchasers still sleep on their legal duty to conduct a pre-purchase inspection. On the other hand, vendors often conceal the defects in the property and refuse to rectify the defects. This article recommends that consumer education is vital to protect the rights of purchasers and to uplift the vendors' ethical values of in a sale and purchase of the sub-sale house. It is also suggested that the jurisdiction of the Tribunal for Consumer Claims or the Tribunal for Homebuyer Claims be considered to be expanded to hear disputes arising from the purchase of houses from the sub-sale market.
Metrics
Article Details
License
Copyright (c) 2018 Nuraisyah Chua Abdullah, Ramzyzan Ramly, Muhammad Izwan Ikhsan
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
References
Amstrong, T., & Block, S. (2007). Beware: Property sold “as is” may come back to haunt the seller. Houston Business Journal, 37(36), 1.
Ani, A.I.C., Sairi, A., Johar, S., Razak, M.Z.A., & Tawil, N.M. (2016). The practice of building inspection in Malaysian total asset management. Jurnal Teknologi, 78(1), 1-11. DOI: https://doi.org/10.11113/jt.v78.3715
Beatty, S. E., & Smith, S.M. (1987). External search effort: An investigation across several product categories. Journal of Consumer Research, 14(1), 83–95. DOI: https://doi.org/10.1086/209095
Chang, K.L. (27 October 2012). Let the house buyers beware. The Star Property.
Hume, P. (2011). Buying a House – Is the Buyer Protected? Some Reflections from a Legal Perspective. Working Notes, 68, 15-18.
Koklic, M. K., & Vida, I. (2009). A strategic household purchase: consumer house buying behavior. Managing Global Transitions, 7(1), 75-96.
Ozanne, J. L., Brucks, M., & Grewal, D. (1992). A study of information search behavior during the categorization of new products. Journal of Consumer Research, 18(4), 452–463. DOI: https://doi.org/10.1086/209273
Reuschke, D., & Houston, D. (2016). The importance of housing and neighbourhood resources for urban microbusinesses. European Planning Studies, 24(6), 1216-1235. DOI: https://doi.org/10.1080/09654313.2016.1168364
Sani, J.A., Sharip, N.A.A., Othman, N., & Husain, M.R.M. (2017). Relationship between Types of Organization with the Quality of Soft-scape Construction Work in Malaysia. 5th AicQoL2017Bangkok, 25-27 February 2017 / E-BPJ, 2(5), March 2017 (p.85-93). DOI: https://doi.org/10.21834/e-bpj.v2i5.685
Shaharudin, K.A. (2013, September 24). Demystifying the ‘as is where is’ basis. Star Property.
Sim, D. (29 March 2012). Look before you leap, Know the laws before you invest. The Star Property.
Sufian, A., & Rahman, R.A. (2008). Quality Housing: Regulatory and Administrative Framework in Malaysia. Journal of Economics and Management, 2(1), 141-156.
Sun Daily. (17 June 2017). Sub-sale property market. Sun Daily.
Zinas, B.Z., & Jusan, M.M. (2017). Choice Behaviour of Housing Attributes: Theory and measurement. Asian Journal of Environment-Behaviour Studies, ajE-Bs, 2(2) Jan / Mar 2017 (p.23-37). DOI: https://doi.org/10.21834/aje-bs.v2i2.175
Zakuan, Z.Z.M., Ismail, I.R., Yusoff, S.S.A., & Ismail, R. (2012). Consumer redress mechanism in Malaysia. Paper presented at the 3rd International Conference on Business and Economic Research, 12-13 March, Bandung, Indonesia.