Once the property has been ‘reserved’, this gives your lawyer the time needed to complete the legal checks of title deed, access, registration, taxes, company (if applicable) and so on. It is also important to define the payment plan of an off-plan property, in relation to the construction stages – this is very important for your security, and holding the developer accountable. If you are purchasing and ‘off-plan’ property it is advisable to have the final property plans ‘annexed’ onto the back of your contract. Is the property ‘sold as seen’? Another point to cover in your contract with your lawyer and the seller, is indeed what is included and what is not. Are there any personal items not included? Such points are paramount to your own security as a buyer in a smooth property transaction. For example: is the land held in a company, and the property/building is owned in a personal name? These points can hugely affect the associated taxes involved with your purchase, so it is paramount they are discussed early on in the property transaction and also ideally defined clearly in your contract. Once all taxes have been paid and the property purchase funds have been paid and normally registered at the land office, the property can be legally transferred to you or your company name. We believe our passion, creativity and commitment are the keys to helping you find your perfect property. Let’s get started!, Ltd.

Additionally, it is always nice of course to have somewhere cool where you can meet the agent sheltered away from the heat, to review plans, contracts or brochures etc. You should be working with them in partnership to ‘hone-down’ hundreds of options sometimes to a shortlist of 5-10 favorites, to make it easy for yourself to select the best property to buy. Note: foreigners in fact cannot work as lawyers in Thailand, but only as Legal Advisors. ‘Is the property freehold or leasehold? ‘Is the property big enough to support your needs? ‘What is the surrounding area like at all times of day? ‘Does the property seem structurally sound? ‘Are there any fixed management fees or hidden costs? These are just some of the important questions that need to be discussed with your agent or physically checked in person, before paying a deposit on a property. However, it is normally not a ‘right of cancellation’; meaning you cannot simply cancel the agreement for personal reasons not connected to the legalities of property, or you will in all likelihood forfeit the deposit.

The upper levels as a private house or individual apartments. The other difference between condos and apartments is the rights of ownerships; whereby with condos the owners have a share of the common facilities and collective freehold of the building. This in turn has the associated monthly or yearly management fees for communal swimming pools, fitness centers, receptions etc. However normally for foreigner buyers there are luxury apartment options, also with shared luxury amenities, whereby the ownership is a secure leasehold option – meaning a collective share of the freehold. Often these ‘secured leasehold’ apartments carry a 30x30x30 year ownership, with the collective freehold of the property being owned pro-rata by the owners. Often this freehold deed and company is help off-shore, making it easier for owners to control the ownership and renewal of their lease. The zoning regulations for commercial property for sale compared to residential property are fundamentally different. There are also ‘mixed-used’ commercial developments and buildings; where the lower section of the property is used as a business and the upper level(s) is used as a residential dwelling or series of apartments.

They are also appropriate for those looking for a low-maintenance property choice. These properties offer a balance of luxury. Seclusion while providing a way to experience the island’s natural beauty. There’s a big difference in prices between fancy villas with pools. You can expect to spend anywhere from 15 million baht to a few hundred million baht on a luxury villa or private pool property, while modern properties will usually cost you between 3 million baht and 15 million baht. If you want a sea view, you’ll probably have to pay extra – prices start at 15 million baht and go up from there. More budget-friendly modern-style properties. It’s worth noting, though, that the final price tag will depend on factors like location, size and amenities. There is high demand for properties in prime tourist locations. This makes it an opportune time to invest in the the city’s property market. The island’s economy is expanding. Properties such as condos, villas and lands situated in desirable locations with sea views are particularly sought after by buyers and have the potential for a strong return on investment.