Ten steps for a successful Property Purchase

Living in Thailand is a dream for many foreigners who wish to escape the cold winters and the high cost of living in their home country.  Thailand offers the foreigner many benefits including beautiful beaches, tasty food, friendly people, world class health care and inexpensive property.  Many foreigners come here to retire and others come only part of year to enjoy what Thailand has to offer.  For those to desire to longstay in Thailand, the ability to acquire property is an important issue.  A substantial amount of their life savings is used to acquire this dream property.   From the perspective of a Legal Advisor, I would like to share with you ten steps to a successful property purchase in Thailand.

Step 1:  Select a Property Agent

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.  They can show you many quality properties in their inventory.  Typically, a good agent will weed out the poor quality units.  They want satisfied clients and they will avoid problematic developments.  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.  A quality property for sale in Thailand is generally offered at a fixed price by the Seller.  The best benefit of using a property agent is that they will act as a liaison between you and the Seller.  They will obtain a fair price for you and act on your behalf to represent your best interests throughout the entire process.