Since you will be looking for property in a foreign country you need expert local assistance. The agent knows how to communicate in Thai and they're familiar with the geographical area. The agent will save you valuable time in selecting and showing you the property in your price range that meets your needs. I can honestly say that purchasing directly from the developer isn't going to save you money versus buying it from agent.

Thailand real estate is booming. Most foreigners when deciding to purchase real estate in Thailand look at purchasing a condominium. It would be safe to say that most foreigners buy real estate in Thailand either for retirement or as a property investment. There are a number of factors to take into consideration when buying real estate in Thailand. Consider the following factors such as those listed in the most common Thailand real estate pitfalls, Thailand real estate problems. Also view the Thai property market outlook. Also take into consideration the costs of your property transfer taxes and Thai title deeds and Thai property taxes. Thailand real estate has been in a boom phase for the last few years and we have written extensively on the subject of buying a condominium in Thailand here. Speak to us today about property in Thailand.

Buying a house or Thai villa in Thailand is not as straight forward as buying other real estate in Thailand such as a condominium. Firstly you would need to register a Thai company, as a foreigner may not own a house in his name. Once your Thai limited company has been registered, then only may the real estate be purchased. Things to consider are Thailand property taxes and we have listed a property transfer calculator. There are also the different Thai title deeds and the most common Thai real estate problems. Should be buying off plan it would be of interest to read about buying off plan in Thailand. We have an extensive section on Thailand real estate with regards to buying a house or a Thai villa and have listed it here. speak to us for more information.

Thailand real estate is by broad definition condominiums, houses, villas and lastly land. In Thailand they do not use Western measurements for land. Use our online calculator to Convert Rai and Convert Rai to Square Meters when wanting to know the size of the land you are looking at. There are different ways in which to own land. One method is through a leasehold villa investment. It is a favored alternative because it is simple and straightforward. Foreigners can obtain full interest on a lease in Thailand for the specified time. This differs from purchasing through a Thai limited company where you have several shareholders who may have interests that are different from yours. A foreigner can marry a Thai and purchase land as a couple. Call us today for more information.

Title Search
Before making any large purchase it is important to make sure you know what you are purchasing. A title search is highly recommended before purchasing any kind of real property whether it is a piece of land or a condominium. A title search is done to determine whether the person selling you the property is the true owner of the property and free to sell it to you. It also will determine if there are any registered encumbrances on the property such as a loan, lien or a mortgage.

Due Diligence
In many cases, you will want to have more information about the property you are interested in buying than just what is on the title. For example, if you are buying a building that is not yet built, you may want to be sure that the developer has all of the required permits for the project in addition to ownership of the land. If you want more than just a title search, Siam Legal can prepare a due diligence report for you about your intended purchase.

Review of Contracts
When you purchase property in Thailand, in most cases, the seller will provide a "Sale and Purchase Agreement" after you make the initial deposit. The contract may be in English or Thai. It is important to review this contract carefully before you sign it, so you may need a translation. While the title deed for the property describes exactly what and where the property is and who currently has a right to the property, the sales contract describes exactly when and how the seller will sell you the property. To make sure the sale goes smoothly, it is important to have a good understanding of what the sales contract says.

At Siam Legal, our lawyers will review the contract and will make any amendments if necessary to meet your needs. These amendments would include protecting your rights if there is a delay in construction, and include late penalty payments and payment schedules. Once made, the amendments will be provided to the Seller for final ratification and agreement.

Transfer of Property
Siam Legal provides a number of services that can help make the transfer of property easier for you. If it is not possible for you to go to the land office, we can prepare a Power of Attorney that will allow you to appoint our firm or a third party to conduct the transfer at the land office on your behalf. If you prefer to go to the land office yourself, one of our staff can company you to make sure your rights are protected. Before the official transfer of property at the land department, we will inform you of the documents needed and the approximate amount of money you will need for the taxes and administrative fees that must be paid.