Thailand Real Estate Agents Guide
The following information is a general guide to estate agents and the buying process in Thailand:
Using an Agent
Like any country it is vital that when buying a property in Thailand to use a reputable Real Estate Agent. At the international real estate network we will always endeavour to carefully analyse your investment requirements and offer you a tailor made selection of property's from our worldwide property database. In addition we will personally recommend any additional professional services that you may require, related to your property purchase.
Taking Title
Overseas property investors can purchase residential and commercial property in Thailand without any specific international restrictions.
However, if you wish to purchase a property in Thailand you will be required to setup a Thai limited liability company, which you can expect to cost approximately £1,000 and will additional have an ongoing cost of £50 per month. Alternatively you can purchase through a leasehold agreement, of varying time periods. While a freehold title would be an advantage, the leasehold title holds no disadvantages to the purchaser. Both forms of purchasing are safe and simple ways of purchasing a property in Thailand.
Appointing a Lawyer
We will always advice you to employ the services of a qualified and Thailand based lawyer. One of the most important things when looking for legal council is to make sure that your representative speaks the thi language and has a specific knowledge of the Thailand legal system. We have a large number of international lawyers that work in conjuctction with us on all of our international investment opportunities.
Our Legal Associates will:
- Check the legal status of the property.
- Check for any outstanding charges or liabilities on the property.
- Check the contract and advise you of your obligations.
- Assist you in transferring the funds to the relevant parties.
- Ensure that the property registration documents are correct.