1) Place booking of 2 to 3% (ONLY if its transaction with a real estate agent. NOT applicable to DIRECT OWNER deal)
2) You will have 14 days before signing sales & Purchase agreement. Hence you will have to obtain a loan approval from financier in this time frame. (You could actually obtain approval prior to booking if you are unsure of your loan eligibility. However without a booking the owner will sell the property to the next buyer that places booking)
3) You will have to appoint a solicitor to handle the sales & purchase agreement (SPA), do the necessary searches & place a private caveat on the property. On signing of SPA you will have to prepare the balance 10% down payment (deducting the initial 2-3%) for the purchase. In some cases you may need to pay the solicitor professional fees & stamp duty relevant to the purchase at this point (If you know the solicitor they may allow you to pay this after everything is done).
4) If you have acquired a loan then you will also have to sign a loan agreement (LA) once the SPA is signed by both parties & stamped. Take note the LA may be done by a different solicitor & legal charges do apply, unless otherwise specified.
5) At this point the solicitor/solicitors will take care of most of the transfer process. Depending on the property type/title & whether you are a Malaysia or foreigner the process duration may be less than 3 months or more than a year in complicated cases. My advice is to make sure you get a good solicitor that specializes in conveyancing, this is really critical as there are many lawyers around & not all are suitable even thou they can carry out the task.
6) At some point you may need to check on both SPA & LA solicitor or the banks to assure that you loan is drawdown on time as there are late payment penalty involve in the SPA.
7) Once full payment has been made you will have right to the vacant possession of the property.