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Everything posted by Peterw42
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Up to you if you want to involve a lawyer but completely unnecessary, yes the lawyer can generate a FET via their account with you as the sender etc, funds still need to be sent as foreign currency and exchanged in Thailand. If you visit the TransferWise website they have a section explaining how they do transfers to buy a Thai condo. I sold a condo a month ago and the buyer used TransferWise for the transfer. Its a box you tick when doing the transfer. But as you say, its only to certain banks.
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That's completely wrong, where did you get that information ? The land office wants proof that foreign currency funds arrived into your Thai bank account, your Thai bank will the generate a FET (Foreign Exchange Transaction), that you take to the land office as proof. You literally cannot buy a condo without a FET document. There is no need to even involve a lawyer, its a pretty straight forward procedure done at the land office.
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As others have said, the money must be exchanged to Baht inside Thailand, ie: send foreign currency. (the rate is always better from thai banks no matter what the purpose)The name of the sending account is not relevant and doesn't need to be in your name, so long as money goes into a Thai account in your name. Don't transfer it straight into a lawyers account, it must arrive foreign currency into your account first. Nowadays you can use TransferWise, they are aware of the requirements and will treat the transfer appropriately, if you inform them its for a condo purchase .
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The son could certainly act as power of attorney for the owner. Using Or Chor 21, which is authority to act on behalf of someone, at the land office. Its not authority to receive/bank money in their (the person with POA) name. Any payments would still be made to the owner, banked into owners account etc. The POA would receive a cashiers cheque made out to the owner and bank it into the owners account etc. If the POA is not in order, and the person represented is not the owner, the land office wont do the transfer.
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Bangkok ranked 2nd best city worldwide, best in Asia for digital nomads
Peterw42 replied to webfact's topic in Bangkok News
Imagine if they actually had a digital nomad visa, a visa where you didn't have to lie about going to school, do border runs etc. They may have made 1st place. -
Long time is great, but I still have problems working out what to do with the other 57 minutes.
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OP, what speed are you paying for, most unlimited data packages have a quiet slow speed. It probably nothing to do with true or the network is busy, you are probably getting the package speed, can be as low as 1-5 mbps. for 200B a month, you either get unlimited with slow speed, or full speed with a set data amount.
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Website to find rented houses
Peterw42 replied to jak2002003's topic in Real Estate, Housing, House and Land Ownership
+1 for Facebook marketplace, and local buy/sell/rent property groups on FB. -
Are jeans and chinos adapted to Thailand ?
Peterw42 replied to Baron Samedi's topic in ASEAN NOW Community Pub
I have 2 x jeans, denim for weddings, black for funerals, otherwise never worn. -
OP, if you haven't found anyone yet, try this guy. https://www.facebook.com/TruckMoveThailandService/ I have used him in pattaya but sure he would come to Bangkok, just add extra time. Great service, answers messages straight away.
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Not sure why you think the condo juristic has anything to do with these aspects. The Juristic doesn't rent out condos, and has little to no knowledge of private rentals done by private owners. While some Juristics may do TM30 as an additional service to owners, its not their responsibility, they are not the owner, landlord etc.
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Depends on the origin of the leak, is it coming from above (unit above responsible) and running down the outside of the pipe, or if the pipe/T junction is leaking , then its a condo building fault, a common property drainage pipe. The definitions can be unclear, but the office should be able to decide. It wouldn't usually ever be the responsibility of the bottom condo.
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Power of attorney case
Peterw42 replied to hpix's topic in Real Estate, Housing, House and Land Ownership
It may come down to the wording of the POA. B has POA to sell the Condo, maybe not to receive/bank the money in their name. I just went through a similar circumstance, buying a property with absent owner and someone acting POA. The cheque still had to be made out to pay the owner, and the POA deposited it into the owners account. Check with the land office if they would allow payment to other than the owner. If its ok with them and the cheque/payment recorded (they usually take a photocopy of cheque) then I imagine you are covered. -
Yes its possible, all the usual criteria applies. An agent can do it 100%, costs 3k-5k. Otherwise its visit bank to bank, branch to branch until someone says yes. visit the maim area branch not the smaller limited services shopping mall branches. More chance at a branch close to an immigration office (its a big part of their business). Dress appropriately, no shorts/singlets etc. Take along a Thai customer of the bank, it works as a referral. Buying insurance can often get an account opened, (its for account holders and the staff get commission). There is often no consistency, a branch may do accounts on a TV this week, and not next week.
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Buying condo in Rayong
Peterw42 replied to Davv's topic in Real Estate, Housing, House and Land Ownership
OP, the threshold for inheritance tax is 100 million Baht ($3 mil US). I don't think you will find any condos in rayong for that price, Its not something you need to worry about or take measures to avoid. As others have said, why not just buy in sons name, then no problems with inheritance. -
As with anything, there is a big difference in a reaction/death "after" taking something, and a reaction/death because of taking something. This same rhetoric was around to do with vaccines, "he died after having a vaccine, not from a vaccine".
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House valuation / structural inspection
Peterw42 replied to Na Fan's topic in Real Estate, Housing, House and Land Ownership
Depending on where you live there are private building inspection companies. As for value for money, how long is a piece of string. There are usually 3-4 different figures, what the land office says its worth, a bank valuation, ridiculous asking prices, and the actual sales price. -
Is Pattaya really cheaper than Phuket ?
Peterw42 replied to Baron Samedi's topic in ASEAN NOW Community Pub
Yes, more expensive. At least 10-20% across the board. If a coke is 20 baht in pattaya 7/11, it will be 22-25 in Phuket. All those little 10-20%s add up. I didn't notice that much until I went there with Thai wife and she started pointing out the differences. 2 years later she still talks about MK "Gold" restaurant, which is basically MK restaurant with a premium price tag. -
Thailand-China internet backbone problems. Any workaround?
Peterw42 replied to simon43's topic in IT and Computers
If it still fails using a VPN via Hong Kong, wouldn't that prove the fault is outside Thailand ? -
We have a Nissan March, and drive mostly around Pattaya with the odd trip to Bangkok. 10 year old and still going good. Keep in mind they are cheaply manufactured cars, but also cheap to run and cheap to service/repair. If there is a choice between a 200 baht component and a 300 baht component, the march has the 200 baht component. The trouble is, 2nd hand cars tend to hold there value here, my theory is because they are cheap to repair.
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OP, yes, just start with some small talk when she serves you, "how are you today", "It looks like rain" etc. Ask her name and start addressing her with her name "hello khun <name>", offer your name. Include a small chocolate in your order, when she hands it to you hand it back. Maybe visit the shop around shift change time, firstly to see if a heavily tattooed Thai guy picks her up, secondly she would be free to talk.
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What do you do with your time in Thailand?
Peterw42 replied to Sparktrader's topic in ASEAN NOW Community Pub
I have an unhealthy obsession downloading movies, sometimes I even watch some of them. It all started with a book "1001 Movies you must see before you die", so I started finding them, at the moment I am almost there, missing 3-4. And most movies from the last 40 years, running out of storage space. 12 TBs and counting