Buying Property in Thailand: Remote Transaction
The process of purchasing property in Thailand, from selecting a property to registering the transaction, can be organized entirely remotely. We offer 8 key steps that will help you buy property in Thailand from anywhere in the world.
Property Selection We carefully select several properties that meet your requirements. For example, in Phuket, you will receive options for apartments or villas with detailed information, including the available registration methods, payment schedules, additional costs such as taxes, utility bills, furniture packages, and other related expenses.
Negotiations with the Seller After choosing one or more properties, we will organize a video conference with the developer's representative, allowing you to discuss all transaction details in real-time. We will also assist you in negotiating the most favorable terms to make the transaction as convenient and beneficial for you as possible.
Signing the Reservation Agreement Once the property is chosen and the terms are agreed upon, it's time to sign the reservation agreement, which ensures the property is taken off the market. For this, you will need a copy of your passport, your email address, phone number, and postal address.
Reservation Payment After signing the reservation agreement, you will receive an invoice to make the deposit. This step confirms your intent to purchase the property and allows the transaction to proceed.
Main Contract After paying the deposit, the developer's legal team will prepare the main sales contract and send it to you for review. You can make any necessary adjustments and agree on the final terms before signing.
Contract Payments Payments are made according to the agreed schedule outlined in the contract. You can transfer funds from any bank account in the world under the terms specified in the contract.
Property Handover Upon completion of construction, the developer will invite you for the handover of the property. If you cannot attend in person, we can accept the property on your behalf, ensuring everything meets the agreed conditions.
Transaction Registration Typically, our clients travel to Thailand to sign a power of attorney for a lawyer who will register the transaction with the land committee on their behalf. However, it is also possible to register remotely by sending a notarized power of attorney via mail.
Thus, buying property in Thailand can be entirely arranged remotely. The only action that must be done in person is opening a bank account in a Thai bank for rental income, which can only be opened with the sales agreement.
We strive to offer you the best terms. Contact us for a consultation — we will help you complete the transaction with maximum benefit for you!