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whitespider

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    Buying A Condo

    in Real Estate, Housing, House and Land Ownership

    Posted

    Thanks everyone - especially taxexile. I can't do the two trips so have to have it all done in one but it seems fairly clear if I get my skates on.

    I WILL get the lawyer to soprt out the Land Registry section, do the lien searches and check the contract tho. I know at least one individual who "lost" his condo for want of not having the contract checked.

    Regards

    Andy

    Buying A Condo

    in Real Estate, Housing, House and Land Ownership

    Posted

    Thanks guys - especially Taxexile

    I think perhaps I didn't make the situation very clear. The problem is that i don't have a Thai bank account.

    I cannot open one UNTIL I get there. Lets assume I come to BKK and open the account - which I understand is actually quite easy.

    However HOW do i get my bank in the UK to send the money without my permission. After al I hope to god they wouldn't just accept a telephone call saying hey send $50 to this bank account in Bangkok please.

    My lawyer has suggested using his ESCROW account and for 2500 her will have the tt3 ready and waiting for me on arrival. Now that seems like a good idea to me - 2500 to save all that aggro. However having done business here for many years and seen numerous property purchases go terribly pear-shaped for people I am reluctant to send $50k to someone else's account even a lawyers ESCROW.

    Any further suggestions?

    Andy

    Buying A Condo

    in Real Estate, Housing, House and Land Ownership

    Posted

    I am hoping to buy an appartment on my next trip to Thailand for holiday use and in preparation of a more permanent move next year.

    Apparently I have to provide a Thai bank and a Tor Dor 3 certificate.

    My original idea (somewhat naieve as it transpires) was to come out to Thailand and open a "foreign currency" account which the Thai banks have told me is no problem.

    I was then going to deposit a £GB cheque to cover the cost of the purchase.

    The problem is that I will be in Thailand for 14 days.

    Apparently the cheque will take up to 45 days to clear.

    For the Tor Dor 3 certificate I (apparently) have to prove that the funds originate from outside Thailand - in my case the UK.

    Anyone have any experience/ideas about what and how I can do all this?

    Thanks

    Andy

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