There is no legislative requirement to do so in Thailand but it goes a long a way in preventing any potential problems with your buyer in the future, particularly if your buyer is used to having these terms being standard in their own home jurisdiction. UK, France, etc…), Thailand’s tax system remain extremely attractive. Siam Legal has a team of foreign legal professionals from America, Europe and Asia who are committed to extend impeccable service to its foreign clientele. ...what is the transferral of ownership cost? From studio condos for sale on the beach in Pattaya Beach. To whom It May Concern: Dear Sir/ Madam, my name is Rauf Dinari, I live in Maple, On, I would like to ask for an appointment in which I hope to get your help with notarizing Power of Attorney and The Deed as per request of the Thai company where I have invested money 5 years … 2 Bedrooms Selling your Condominium Thailand Property Foreign ownership of condominiums in Thailand is in the rise as it is by far the easiest way for foreign nationals to own a property here. After that date, if more than 49% of the Condominium units in a Condo building are owned by foreigners, Thai persons cannot sell their unit in that building to a foreigner and put in a foreigners own name. Unlike some jurisdictions elsewhere in the world, there are no set standard terms in the contract for the sale of property. Legal updates, insights, and opinions on laws and law suits in Thailand written by our lawyers. 18th Floor, Unit 1806 Two Pacific Place, 142 Sukhumvit Rd, Khlong Toei, Bangkok 10110, Thailand, freehold, nor sor 3 gor, nor sor 3, possessory right. An agent or broker can help you with the pricing, too. Pattaya Rooms Apartments Condos for Sale in Thailand. A sales agreement can be canceled by withdrawing the property from the sale and returning any deposit that has been collected. One of the first things you have to ask yourself is if you want to buy a presale or a resale condo in Thailand. The property consultancy firm CBRE Thailand has reported an increase in demand for the existing second-hand market since the fourth quarter of 2018. The resale of the condo is also easy if you follow the following basic steps with regards to property rights and the process of property sales in Thailand. The meeting usually takes place at the agreement of both parties either at the real estate office or, if a lawyer was hired, at the lawyer's office. Alternatively, you may wish to have your property evaluated by a number of surveying and appraisal firms around town. I have owned my condo for 8 years and am considering selling it for THB 6,5 mio. Therefore, if there is a deficiency on a resale, you would take the difference between the contract price and the resale price and make the necessary adjustments. If an agent is hired, the seller should reserve the right to sell the property themselves and avoid signing a … There are a number of considerations to make before committing into purchasing Thailand Real Estate. This should be included as a condition in the purchase agreement to avoid any legal disputes. We’d like to make you a fair all-cash offer. The purchaser must be absolutely certain that the seller is indeed the owner and has the legal authority to sell the home or lease the land. There are two types of resale units: those in buildings under construction where investors want to resell before the transfer of title, and those in completed ready-to-move-in units where the title has already been transferred to the original buyer. CBRE has a dedicated sales team specialising in Bangkok condos for sale. The resale of condominium units is easy if you follow the following basic steps with regard to property rights and the process of property sales in Thailand. Visa is required for most foreign nationalities to travel and stay in Thailand for more than 30 days. A title search will list the legal owner(s) of the property. We offer financing for a large number of our properties we have for sale in Thailand. Purchase that retirement or holiday condo apartments and room as compared to older buildings the. 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