STEP 1: Searching the Real Estate that you desired
First of all, the only kind of property that foreigners can own is the condominium. For other real estates’ types, the non-thai people cannot own by full right in theory such as houses, lands, commercial buildings.
First of all, a condominium is the only type of Thailand properties that foreigners can buy with all rights. Legally, foreigners cannot own other types of properties such as lands, townhouses, houses and commercial buildings.
As you may know, buying Thai property is not easy for foreigners because of the legal documents, the language, the non-reasonable price and the tax. So, it would be good if you find someone that expert to help you arrange everything.
Buying a condominium in Thailand is quite difficult, even local people themselves. It involves a lot of documents, a complexity of tax issues and a plenty of time at Department of Land. Definitely, a communication is a major obstacle for foreigners. It would be great if you have a property expert that fully serves you on all these issues.
Also, Do not forget to think about the reason to buy the property in Thailand because the expert can advice you the best one that perfect for you.
STEP 2: Consulting the expert in Thailand
After selecting the property, you should contact a property expert in Thailand to help you manage and arrange every processes since day 1. It will be good if you have the property expert that can negotiate on your behalf.
The things that the property expert serves you :
For the investment purpose, the expert tailors calculatione all the costs (everything : property price, interest rate, interior cost, tax and so on) and the revenues The investment recommendation including the return of investment is also delivered to you. Additionally, the expert have full services to manage the property and maximise its profit. For the retirement purpose, the expert helps you find the perfect place you’re looking for and also give the advice for the immigration and visa issues. Besides, the expert provide a variety of services that make your lives easier in Thailand
For a legal aspect, the expert help you check all the legal documents
Please hire the expert that save your benefits for you not for the seller!
STEP 3: Decide how to pay (Transfer Money/ Mortgages in Thailand)
Not all local commercial banks provide the mortgages for the Foreigners. Currently, there are three of commercial banks serves which are United Overseas Bank (UOB), Industrial and Commercial Bank of China Limited (ICBC) and Bangkok Bank. The period and the interest rate are vary from many factors such as the age, the work permit, nationality.
For the transfer money to Thailand, there are some restrictions about the money that transfer in big amount into Thailand. However, do not worry, the expert can assist you to make every steps easier and smooth as much as they can.