Buying Property in Thailand
When buying property in Thailand
there are several things you have to to look out for. Historically, and perhaps unfortunately for the real estate industry in Thailand there are many stories - often altered and dramatized via the 'Chinese wisper' phenomenon - of westerners who have lost money through property investment gone wrong. This article will help you keep your money as safe as houses ...
btw: Thai property law - options for foreigners
Please read our article about Thai property law: options for foreigners who wish to buy property in Thailand. This explains the the legal issues and different ways in which foreigners, aliens or farangs can legally own Thai real estate.
Real estate agents
The real estate market in Thailand is fairly well modernized, but still is characterized by a great deal of comings and goings of ordinary town and country folks at the 'Land Office', the provincial or branch office of the Department of Lands, under the Ministry of the Interior, where the ownerhip of land and houses is properly transferred and registered. Here in Thailand, where people don't use lawyers unless there's a problem, buying or selling property is business than everyone can do. Foreigners buying property in Thailand require assistance in understanding the ownership type, structure and registration, help with the transfer of funds in the correct way, and in dealing with the documentation which is, of course, all in Thai. Legal translations, certified by a notary_public, should be part of the process. Such assistance may be rendered by taxi drivers, a girlfriend, a real estate agent or a lawyer - customer's choice! Many buyers have been very well taken care of by TH-property Estate Agents Co. Ltd. while buying property here in Hua Hin, and we have excellent references. We have represented several development and construction companies, financing their projects by selling houses off the plan, enabling the developer to build with the customers' money. So we understand our responsibility as selling agents, the ones who recommended doing business with the developer, and we take very good care of our buyers. TH-property's after sales service is well known for its bredth and depth, and for its effectiveness and discretion. We are people you can count on to do the right thing.
Listen to the grapevine ...
Local knowledge is indispensable. Take your time if you can, talk with members of the ex-pat community at your hotel, around the golf course and in the bars and restaurants of your plans to buy property. Most likely, you'll be inundated with advice and assistance, and you will soon get a feel for who's who and who you can safely do business with.
Foreigners must have work permits
To work in the real estate industry in Thailand, a foreigner must have a work permit. Operating as an agent or builder/developer or a 'consultant' without the correct work permit is illegal and offenders are fined and even expelled from the country. If you are buying property through foreigners working in Thailand, insist that notarized photocopies of their passports and work permits are included in the contractual identifications, and have them checked by legal counsel or a translator. Make sure the permits are for work related to the real estate industry. If the people you are dealing with are expelled from Thailand in the middle of your property aquisition, you may lose both time and money.
The bottom line
is that doing business is largely a matter of trust, and you have to connect with people in companies who win your confidence and whose products and services are of demonstrably high quality. Absolutely all issues should be explained to you and you should not go ahead until you understand and feel comfortable with everything. The final responsibility is yours, so you need to exercise your own judgement on the individuals concerned and the information and services provided.
As the foundation
of a good house relies on good ground-work, deep pad-stones and the proper mix of steel and concrete, the foundation of a good real estate purchase requires equally good ground-work, deep research and the proper mix of services.
If you are in Hua Hin, why not let
TH-property Estate Agents Co. Ltd. help you with your homework!
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| Top 10 Properties |
Fully furnished executive villa for sale in Hua Hin.Three years old and situated on a well-established residential estate with security and maintenance in place, this delightful house for sale in Hua Hin is priced to sell.This is a well insulated, fully air-conditioned house with 3-phase electric power, good water supply, UBC TV and telehpone/ADSL installed.
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"Baan Suan Mok", or "Jasmin Garden Homes", is developing very nicely indeed, located in beautiful, quiet countryside just 6 kms (10 minutes) from Hua Hin town centre, halfway between the beaches and the golf courses. The "cottage" houses on plots 1 and 2 are now established, their gardens fully developed around the swimming pools. Plots 3, 4 and 5 are still available. With only five homes, each surrounded by white pikett fences and flowering jasmin hedgerows, Baan Suan Mok is both picturesque and highly functional. Electricity is provided by the project's own 3-phase transformer, water by the project's own artesian well, and ADSL and telephone lines are connected. All cabling is underground and each house has its own water storage tank. The project developers, resident on plot 1, provide property management services including gardening and maintenance, pool and house cleaning while performing all administraton requirements.
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There are five of these innovative, executive quality, fully insulated and air-conditioned houses under construction right now (this photo taken 1 February '07) at a lovely, convenient location just 6 kms from downtown Hua Hin. These properties offer a lot of house, a lot of water, and not too much garden, intended to give you maximum comfort and minimum maintenance work! Plot sizes range from 796 m² to 968 m² and prices range from 10,950,000 baht to 12,500,000 baht.
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This is the smaller version of Baan Suan Mok's Villa Jasmine on a medium-sized plot of land with plenty of space for swimming pool and garden. Built and finished with the same grade-A materials expected at Baan Suan Mok, this house has a huge 7m by 7.5m living/dining room and a fabuous hardwood and granite kitchen with adjoining utility room. All 3 bedrooms have their bathrooms ensuite. The house is equipped with 3-phase electrics, 4 air-conditioners, 4 water heaters and telephone/ADSL connections are made ready for subscription.
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Robustly built by Hua Hin's best builder, fully insulated, fully airconditioned (concealed type), ceiling fans, down-lighters, central hot water, beautiful hardwood doors and windows, high-spec kitchen and bathrooms, swimming pool of 10 metres by 5 metres plus jacuzzi spa in a very spacious plot, double garage, these colonial style villas for sale in Hua Hin will all be ready for occupation by March 2007. Plot sizes range from 800 m² to almost 900 m², all at the same price. On our visit 2nd November we were very impressed indeed with the quality of finishing work and materials we saw.
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This house is absolutely georgeous! It's really not easy to impress us at HH-property - we've seen it all before - but entering this property we were immediately struck by its harmonious beauty, style and elegance. .This house is the first on a new estate just to the west of Hua Hin, certainly destined to become one of the town's classiest suburbs.
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10 minutes from Hua Hin town centre and beach, and 10 minutes from the main Bangkok highway, these lovely homes are being built on a very attractive site offering views of wide-open landscape and mountains. Presently being constructed under the supervision of the experienced English builder and developer, the showhouse displays a very satisfactory quality and has passed our stringent inspection.
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Click here for
our complete list of
Real Estate Listings of
Houses for Sale
in Hua Hin
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