Buying a Condo

Buying a condominium, also known as condo, involves three steps. Let us take a look at each of these steps in detail.

Finding a real estate in Thailand could involve some complexities, dealing with which would require experts that would explain you everything.

• Seek assistance through registered lawyers, and reputable estate agents.
• Irrespective of the location, whether Bangkok, Hua Hin, or Pattaya, you must be aware of the many problems resulting out of a condominium purchase in Thailand. Knowing these problems and taking the right measures would help you avoid them at the initial stages itself.
• Also, check if animals are allowed inside the condominium.
• Besides, also check out on the Real Estate pitfalls in Thailand while searching for real estate in Thailand

Ensure that you ask the required questions to buy the property at a reasonable cost.

It must be remembered that real estate purchase is a serious business, and therefore, it is necessary to seek assistance from a registered lawyer in Thailand to ensure that everything goes right. Once you finalize the property, ensure that you consult a registered lawyer before proceeding on to signing the papers. The following checks would be done in relation to the property.

• Reviewing the contracts before signing the documents
• Noting the type of Title Deeds in Thailand
• Doing a title searching over the property.

While buying a condo off plan, you must be careful about the following considerations.

• You need an appropriate legal advice while buying a pre-construction project.
• Use the right property transfer calculator to calculate the payable fee.

Buying a condominium also involves a cost of transfer or tax.

Financing the purchase of your property in Thailand is possible through a mortgage.

• Right now, there are two banks that offer mortgage bonds to foreigners – Bangkok Bank, and United Overseas Bank (UOB). These banks conclude their mortgage off-shore at their Singapore branches.
• These banks offer home loans in foreign currencies such as Euro, Japanese Yen, or US Dollars. The rate of interest for each of these currencies is different.

So, if you are looking forward to buying a condo, you need expert assistance so that you don’t face any challenges during the entire process. Our experts would help you with the right advice. Get in touch with today!