Buyer's Guide
 

OK, you have found your ideal property in the price range that suits your wallet, then suddenly you realise there are additional costs that you haven’t budgeted for. Usually the property is being sold through a real estate agency, and therefore the sales costs such as commission is paid by the seller, not you. However, it is standard practice in Thailand for the seller to ask the buyer to share the cost of the taxes and fees imposed, and in some cases this can be a fairly large sum, depending on how long the seller has owned the property, and if they have actually lived in it.



In searching for a residential investment property it is important to consider three things: Look for a consistent streetscape. A mixture of conflicting building styles lowers the desirability of the street. The property should be located within easy walking distance of all amenities. The street should have potential.



Buying a condominium, is perhaps the simplest and easiest option available to foreigners. According to the condominium act, a foreigner can typically acquire up to, but not exceeding 49 percent of a total space of a condominium project. In Hua Hin, typically the Thai owners are 80 percent or higher, in other areas such as Phuket and Pattaya, the foreigners generally acquire 80-90 percent of the condominium projects. However only 49 percent.................



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