eljeque

You will not get your deposit back!!!

In the past 4 years, I have sold houses 11 times.

A total of 6 houses. And, I still have one of them, so six times I have kept deposits. One house I kept deposits twice, before the third buyer paid. Only once has the first buyer finally paid in full.

So, 6 times buyers have forfeited their deposits.

Do not expect the clause about bank financing to assist you.

Do not expect that the seller will give you back the deposit without going to court.

DO NOT PUT DOWN A DEPOSIT UNTIL YOU HAVE THE FINANCING ARRANGED.

It is unlikely, highly unlikely that the seller will find another buyer between the time you apply for financing and the time the financing is made available, 4 -6 weeks. And if he does, there are plenty more houses to be had.

As every day goes by, it becomes better and better to rent.

There are many signs "For sale or for rent" because the owners cannot find a buyer.

Owners need to rent them, and finding a long-term renter (6 months to one year) is good luck, and hard work.

You are really in the driver's seat if you are interested in renting. You are in the driver's seat if you choose to buy as well, ...... until you pay for the unit. Then, you will be stcuk as an owner.

Rent and keep your investments liquid and in countries where you can read the language.

Best of luck

I just returned from Pong Nam Rong, or however it is spelled, in Chantaburi

I received 30 days

It was my second 30 day entry permit in a row there for what it is worth.

I will be heading to Vientianne next month for a double entry once again

Go to the ground floor of any building that interests you.

Talk to the receptionists and look on the boards what is avaialble.

It would be worth your while if you are able to wait until the high season is over.

The "high season" is not gonig to be a winner, but owners of units will still be able to get some rent for the time being to hold themselves over.

About the time April comes around, there will be a lot of good deals to be had. If you can wait until then, you would be making a good decision.

Desperate sellers will start to put their condo pictures up on the Friendship, Foodland and Carefour boards after high season and although at first they wil be asking "Market Price" which their neighbors are asking but not selling, they will be willing to bargain down ... maybe 30%.

I am a happy renter, although I have owned 6 houses, one built from ground up myself, in Pattaya over the past 20 years, buying my first one when I was 24.

I think that if you chose to get a long-term lease instead--really cheap, and register it at the land office, you would be better off than buying.

I currently pay 96,000 baht / year for a 2 bdrm 2 bthrm newly renovated home in la bella Casa, South Pattaya. The owner would like to sell it for about 2.5M, but he lives out of the country and makes new effort.

Search around and you will be able to find a similar set-up. It gives you the ability to move if necessary.

Good luck with everything.

You should also consider going to the auctions which take place about once per week. The auction location is on Theprasert Road (actually just behind it) only 2 or three blocks from Tappaya Road.

Back to the property crisis for a moment......

Try and sell any piece of property now.

Four years ago I sold a house by allowing the buyer to pay me 20% down, and finance the balance for 4 years at 7%.

I was about the only one out there who would do that.

I am now starting to receive emails from agents who have many of their clients offering a down payment and payments over three years for their houses.

In Pattaya, I also see developers anxiously looking for money to keep their buildings progressing as so many buyers are getting "cold feet".

This overbuilt city is finally starting to receive a wake-up call to which it is in no position to adjust. Anyone who thinks it has been difficult trying to sell a house for the past two years is about to see what difficult really is.

Rents will be dropping as well, as many renters will need to return to their home countries to work.

Many sellers, unable to sell, will finally offer their properties for rent and after surveying the going rental rates, will reluctantly offer their property at the market rate.

I know one agent who sold 40 condo units in one month a few months ago, but sold only three last month, and has no reason to see any positive changes coming his way.

I do not know about Phuket, Samui or Hua Hin, but property owners in Pattaya are in store for a lot of financial losses unless they picked up their properties at auction.

What Property Crisis? ... THIS PROPERTY CRISIS!! Only the blind cannot see it.

Wr Banharn said Mr Thaksin phoned him before Wednesday's trip, saying he only wanted to show foreigners how rice farming is done in Thailand, and how the sector could be further developed with the help of modern agricultural technology.

The plan is reportedly the brainchild of deposed prime minister Thaksin Shinawatra, who took a group of Saudi businessmen on a tour of a rice production centre in the Buffalo Village of Chart Thai party secretary-general Prapat Pothasuthon in Suphan Buri on Wednesday.

What do Saudi's know about Agricultural techonology? Not much, other than government subsidies to grow wheat, etc., free water and cheap fertilizer.

Help her by buying a ticket to return to her country.

She is no different than the many men who come here every year, and spend until the money is gone and shortly thereafter, so is the girl.

He should have had your passport front page copy from the time you moved in.

Let him know you have not change your passport so nothing has changed.

You could even show him the same front page, if he lost the first one.

He is supposed to report to Immigration that you = your passport number is staying at his residence.

Immigration will determine if anything needs to be done, including looing at your visa pages.

Never give your passport to anyone (ex. airlines for tickets or at the bank.)

If you show it to anyone, hold it tight, and do not allow them to get their hands on it (especially this manager!)

The US exports money.

Go to your accountant/lawyer who formed the company. he/she should have new clients who need to open companies. Have your accountant/lawyer sell them your company. You save the fees of closing.

(Lotus, Carefour, Big C) Although there are far larger things to complain about, I have also noticed that lines are getting longer as well. I do wonder why there may be two or three people running around telling the shoppers where the lines are shorter, at one end of th store, rather than them opening a new counter. I am sure that they could be trained to scan if they have already been trained to look for shorter lines.

Which city do you live in?

You will be arriving in "high season" which will make it a little more difficult than usual, but if you grab a hotel for a few days, I am sure that you could walk into any of the many condo buildings and find a willing renter for that amount of money. If the owner cannot provide maid services, then the building more than likely would be happy to oblidge you.

I wish you luck.

If you need the money, sell the condo.

Good luck

"Is Pattaya Dead Right Now?, Is there going to be a high season?"

It would be nice if there would be at least a low season.

It is very, very quiet.

Singapore Dollars.

capable government and populace.

great port

good soveriegn fund

warm :-)

It is worth your effort to put up an ad on the Carefour board and also on the Friendship board.

Another worthwhile activity would be to advertise in Bkk. You would more than likely find a large number of more qualified, English-speaking applicants there. As long as you note that the employment is in Pattaya, only the parties interested in moving would then apply.

Good luck,

Sir, I am happy for your purchase and hope that it all goes well for you and your family.

Yet, you did not buy (your name) the land, although you did pay for it.

Einstein said "It is better to be gennerally right, than precisely wrong."

No, a foreigner cannot own land in Thailand.

For the very few who find a way, congratulations to them.

Rent one for six months first.

This will allow you to learn about the estate from the residents, learn about the houses from the one you are living in, and get a general feel for the area of the city.

It will also allow you to gatehr more information on who in the estate is in the most dire straits and neds to sell his property ASAP. This will assist you to get a better price.

And finally, living there may assist you in determining that you do not need to own there.

The economy is slow now, selling a house is hel_l-and-a-half. It may very well be in your best interest to wait a while, and as everything slows even more, pick up something dirt cheap later down the road.

Best of Luck

There is also the system "Ky-faq" poor spelling, in which property is sold to the lender, and the borrower has rights to buy it back at a future date, if the borrower meets the contractual obligations. If th borrower does not meet the contractual obligations, then the property becomes the property of the lender.

As you are a foreigner, the borrower must have a condo (fully pai for) to use as collateral, and then you could register the Ky-faq at the land office. You , as a foreigner cannot do this with a house.

You could also take his fully-paid-for vehicle into your name, and then allow him to borrow the money, making sure that he has full insurance coverage.

As the others have stated, avoid the situation to sleep better.

Might there be that "near perfect" or close-enough-to-it car out there somewhere in Bkk which you are looking for?

It might be, and this would allow you to avoid all of the work of getting it here.

There might be that perfct vehicle in England, or it may already be yours there, and the work involved in getting it here is tremendous.

GOOD LUCK

My mother worked there on and off for about 7 years.

Some people like it, and others don't!

If you are loking to teach English, and you want to be paid, I sugggest hat you look instead to the Middle East. You will SAVE real money there. I have taught there for 9 years.

If you would like information on how to land a job there, please message me. I have a long list of sites for companies , schools, recruiters, etc.

One more thing. Consider the Nouvo too.

http://www.yamaha-motor.co.th

There are a lot of them around, and they are larger, meaning the passenger's knees will not be up so high. They also have larger wheels and tires, which is beneficial.

Enjoy