Determine Your Budget and Loan Eligibility
Before you start searching for a house, it’s crucial to check with your bank to find out how much you can borrow. Many Bruneians have existing personal loans, which may impact their loan eligibility for a home purchase. Knowing your budget early on will help you focus on properties within your price range. A real estate agent can assist in setting up a meeting with a bank loan officer.

Browse Properties Within Your Budget on LivingBN
Once you know your budget, visit www.livingbn.com to explore available properties that match your financial capacity. Our platform provides a wide range of listings across Brunei, helping you find suitable options quickly. When you find a property that interests you, contact the listed real estate agents directly through our website to arrange viewings and gather more details.

Utilize Government Loans If Available
If you qualify for a government housing loan, take full advantage of it. These loans are interest-free and can save you a significant amount of money compared to traditional bank loans. Government loans are particularly beneficial for landowners who want to build a house rather than purchase an existing property.

Schedule Viewings and Compare Options
After narrowing down potential properties on LivingBN, schedule appointments with real estate agents to visit the houses. Take note of important factors such as location, condition, and future value before making a decision.

Pay the Booking Fee to Secure Your Home
Once you’ve decided on a property, you’ll need to pay a booking fee to reserve it while your bank loan is being processed. This fee ensures the property is taken off the market and held exclusively for you. Keep in mind that booking fees are non-refundable, so be certain before making the payment.

Account for Additional Costs
Buying a house involves several other expenses, such as:

• Property Valuation Fees: Banks charge around $300 to $500 for a valuation report.
• Loan Setup Fees: Similar to valuation fees, this cost depends on the loan amount and bank policies.
• Legal Fees: A Sales and Purchase Agreement (S&P) is required and must be drafted by a lawyer. These legal fees can be higher in Brunei compared to other countries, but you may be able to negotiate for a better deal.

Prepare for Additional Home Expenses
Beyond the property price, you’ll need to budget for furnishing your home. Costs for furniture, curtains, air conditioners, and other household essentials can add up quickly. Some banks may allow you to increase your loan amount to cover these expenses.

Finalize the Purchase and Move In
Once your loan is approved and all necessary agreements are signed, the final steps involve property transfer and securing homeownership. Congratulations! You are now ready to move into your new home.