Thailand Real Estate
Have you been thinking of buying real estate in Thailand? If so, the information provided in this article will help you with your buying decision. In the paragraphs below, you will gain a tremendous amount of knowledge about Thailand property for sale. You will discover why so many investors are choosing Thailand as a great investment choice for property.
How to find a Thailand real estate agent
One of the first steps in looking for property anywhere, will be to find an experienced local real estate agent in the area you’re looking to invest. An experienced real estate agent will be an invaluable resource when it comes to finding the right property in your chosen area. Browse the web using Key Phrases relevant to the areas of interest such as “Koh Samui Property”, “Koh Samui Villas”, “Phuket Real Estate” or “Bangkok Real Estate Agency”.
Choosing the right property in Thailand
Thailand has a number of great destinations to choose from that provide excellent living for Expats, holidays homes & Real Estate Investments, such as:
- Coast – Pattaya, Krabi and Hua Hin
- Island Properties – Koh Samui, Phuket & Koh Phangan
- Inland Properties – Chiang Mai, Bangkok, Chaing Rai and many more..
If you’re undecided on the location then take your time, travel around and spend some time in each of the areas before investing in Thailand Real Estate.
Found Your Property in Thailand
Once you have found the right property in Thailand, you can begin the initial purchase process. Again, this is where a local real estate agent/agency will prove to be invaluable. They understand how the Thai Real Estate markets work, they can guide you through the whole process and most often, be able to introduce you to a reputable law firm which you will need for the due diligence process.
Once a price is agreed its common practice for the agent to draw up a reservation agreement which secures the property for an agreed amount of time ( normally 4 weeks ) while your lawyer carries out the necessary checks on the property. The reservation agreement along with the deposit takes the property off the market, giving you peace of mind that your dream home is secured & also shows commitment to the seller ( deposit are fully refundable in the event due diligence fails ).
Once the due diligence process is completed and all is ok the lawyer will move to contracts and a date set for transfer/completion ( whole process is normally completed within 4 – 5 weeks ).
Property in Thailand is a sound investment
Buying property in Thailand can be a great investment, but location, views & design are key so bare this in mind if you’re looking to come out on top in the future.