banagan

I'm interested in purchasing a condo, but not at the asking price (2019 prices)

I think a 2016 - 2017 price would be more than fair, around 8 - 12% less. Considering

1. Pre Corona

2. Rents haven't increased in the past 5 years

If they don't want to accept the actual value of the property < 10% of asking, I was thinking of offering this,

Offer asking under the following conditions,

50% now and the balance paid monthly over 36 months (0% interest)

I think face and stubbornness plays a big part in the property market here, rather the current reality of the situation.

Do you think this is a fair compromise?

There are no mortgage/loan options here for foreigners other than going through a Thai, or jumping through tons of hoops and being price gouged.

I bought in my building a year ago and am interested in another, same owner. 

They're asking the same price last year. Which, was a 7% increase from 2017, a realistic price should be at least 2017 prices or less, but understand wishful thinking.

Another option I'd be interested in would be purchasing it with monthly instalments, paid over 12 - 24 months, as there is practically no loan or mortgage options here for foreigners.

9 hours ago, baansgr said:

Why do you want to buy more.. you already feel prices are coming down...

I'll buy another one if the price is right.

9 hours ago, blackcab said:

Offering less is probably not the best way forward, especially as you are known as a previous buyer of good standing.

 

My advice would be to explain to the seller that you would like to purchase X quantity of units, but you really do need a good price because times are very difficult and there are many other properties for sale.

 

Then ask the buyer to let you know what their best price is, including who pays for what in terms of taxes and fees at the Land Office.

 

Wait and see what they come back with. It might take a few days as the seller will often discuss the matter with family or colleagues to get a consensus on the price.

 

You might be pleasantly surprised.

Thanks, good advice, the old face play.

I'm in Chiang Mai. I bought 2 units in my building around this time last year. There's some more for sale, same condition, same seller. They're asking for the same price. 

Are prices generally down in Thailand/Bangkok/Chiang Mai

I'm a cash buyer, so if I was to make an offer, you think 10% less than last year is fair?

Explains a lot.

4 hours ago, Quickmill said:

There is a company, located in Bangkok,  that sales the equipment previously bought from closed business, i don't think i can post it's contact, here, if interested i will send it by private message.

Hi, can you message me too please, thanks.

Reading through past posts and google, setting up a business here as a foreigner sounds very expensive with lots of hoops.

Would commissioning an existing Thai business in this space be a better option?

Are they around 20 - 30 baht? I'm in CM, any recomendations on a market where you can buy cheap in bulk?

Not talking retail, something like a small catering service. 

Would this only be ok in a shop house? 

Waitress

Chef

Manager

Cleaner

Hotel reception

What about working hours? 5 or 6 days a week?

I'm just into the ins and outs of starting a small agro business here, hopefully some of you guys have taken the plunge and can answer a few questions.

How difficult is it to start a business, costs involved?

You need to hire a certain number of Thais, right?

Any issues exporting goods?

29 minutes ago, CharlieH said:

Large operations like Lazada etc will offer cash on delivery etc.

 

Yes, it is the norm for Thais and usually its pay upfront, but sadly this system is subject to abuse and some have been stung.

The fact they offered 30%, to me is encouraging. You have to make your own judgement call.

 

But what you have described is not unusual in my experience, having family members who sell and buy regularly that way.

 

Check how long they have been there and whats been said to date, scammers dont hang around long.

The page has been up and active since last July. Most comments are just people asking for prices, nothing negative. 

They're screen printers and have a post for a business, who's facebook page I found. I'll message them.

I'm looking at a shop I found from fb marketplace.

They said they don't do cash on delivery, but will do 30% deposit. 

It looks legit, could be a scam? lots of comments (all in Thai), but no reviews, or none that I could see.

Is there anyway to have any kind of buyer protection? I was thinking PayPal, as it offers buyer protection, but they don't do it. Do Thai's not use PayPal? 

Is payment up front the norm?

Is cash on delivery the norm?

30 minutes ago, jadee said:

Buying the next unit and renting it out could be smart depending on the demand in your area, especially if you buy it at a good price. If it's foreclosed and you buy it at auction, it could be good.

 

In my opinion, the idea of having a door between your unit and one you want to rent out doesn't sound to me like a good idea for 2 reasons

1) I personally wouldn't like renting a place that had a weird connecting door only my landlord had the key to and could open at any point...kind of creepy...but maybe Thais would be okay with it.
2) There's also the privacy issue - unless you buy a completely soundproof door (don't know where you buy one of those in Thailand) but you're going to hear everything!

Out of interest - when you join two smaller units do you keep the two original deeds or have to get a lawyer to create a new one? 

Good points.

I have 2 deeds.

Can someone explain what's all this with watches?

I bought 2 small condos and converted to a nice 1 bedroom, corner unit.

The one next door is for sale. I was thinking I could buy it, fix it up and rent it out.

I was thinking of having a door so I could have the option of more space when it's not rented.

Good or bad idea?

They need drive through testing with the proper precautions.

This is a waste of money and resources. 

4 hours ago, mickybigears said:

 

On the street which has the rear entrance to d'VIENG Santitham. In between Soi 4 and Soi 6. Next to some new building work. Was open yesterday, 8th April.

Thanks

Does anyone know a clothes repair shop, cut and sew, seamstress? Around, Nimmen, Jed Yod, Santitam area.

Is Wararot building closed?

Absolute disgrace. I have to do an extension soon, no option to do this online or by post.

Don't they realize this puts their own citizens at risk of infection too? How is this not being reported in the west?

Bla bla bla, heard it all before. 

4-6 weeks to go, too little too late.

Maybe next year!

38 minutes ago, DrTuner said:

I'll dig. It was in the TVF threads about Bamrasnaradura, where it was mentioned people with confirmed infections would be sent to government hospitals. Was about 2-3 weeks back so might take some time.

 

EDIT: ok google produced a better hit, but it's in Bangkok Post that I'm not allowed to link to. Search Google for 'Hundreds of hospital beds readied'. You will find that there's supposed to be a "gentleman's agreement" with MoPH and private hospitals on them taking on covid patients. That's in response to complaints about being turned away. I don't think I've ever met a gentleman in Thailand.

Found it. "gentleman's agreement" what's that supposed to mean?

12 minutes ago, DrTuner said:

It would probably always be government hospitals. From what I've read, private hospitals are very unkeen on taking covid patients and they'd be transferred to government hospitals.

First I've heard of this. Do you have any links?