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blackcab

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    Laundromat Automatic Washing Machines Coins Operated Laundry in Thailand, just a trend or profitable business ?

    in SME Business in Thailand

    Posted

    Why not do the same thing but use LG top loading washing machines with a coin box on the side? In Bangkok, a new LG 10kg machine costs 12,500 baht delivered and installed including the coinbox (you need to supply the water supply and waste supply).

     

    You get a warranty for the motor and parts are readily available. No franchise costs, no expensive parts to replace and no huge investment. These machines can also be sold on the second hand market when you want to dispose of them due to upgrades, etc.

     

    That would be my preferred choice.

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    Recommended ways of paying for house.

    in Real Estate, Housing, House and Land Ownership

    Posted

    1 hour ago, khunPer said:

    You could have your lawyer to make due diligence at the land office before the transfer, to check if the usufruct servitude has been cancelled/removed from the title deed.

     

    Only when the usufruct is void you should pay the deposit.

     

    The usufruct will be removed at the same time the land is sold, as a consecutive transaction. This is the same as when you buy mortgaged property and the mortgage is cancelled prior to sale.

     

    When you receive the title deed the first entry dated on the day of sale will be that the usufruct is cancelled. The second entry will be the sale from the previous owner to the new owner.

     

    It's highly unlikely that the usufruct will be cancelled a day or more prior to the sale, so there will be no way of checking other than on the day of sale.

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    Recommended ways of paying for house.

    in Real Estate, Housing, House and Land Ownership

    Posted

    In this case I wouldn't pay a deposit as the sellers are not in the country.

     

    Instead pay 100 per cent on completion.

     

    The usufruct should not be a concern as long as you verify with the land office that it will be removed immediately before the sale. Clearly, you do not want to buy a property with a usufruct and not remove it as you will remain obliged to honour the usufruct until its expiry.

    • Like 3

    Recommended ways of paying for house.

    in Real Estate, Housing, House and Land Ownership

    Posted

    3 hours ago, stapoz said:

     

    It is easy if legal status is simple (one thai owner and that's it). The home we are interested in has thai owner and usufruct for farang (boyfriend or husband). How to be sure the usufruct is cleared and the farang will not have any rights after the purchase? One lawyer said the usufruct must be cleared by court. Another one said that can be done by land office.
    What's more the owner is not in thailand and a friend of the owner has authorisation to sell the house. So the transaction would proceed without the owner. I think the owner and the farang split up and they want to sell the house...

     

    I understand your concern, but in reality none of that really matters. The Land office will not transfer the property until it is completely satisfied that all encumbrances have been removed and that the seller has proved their bona fides. MN

     

    It is for the seller to get the transaction to the point where the Land Office indicates it is time for you to make payment. Land Offices are very thorough about this route of thing, however it shouldn't stop you doing your due diligence.

     

    For example, you should be able to have a Skype/Facetime/Line video chat with the owner and the usufructee to establish the situation.

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    Recommended ways of paying for house.

    in Real Estate, Housing, House and Land Ownership

    Posted

    Safest way is to get a bank cheque (called a Manager cheque). They are the most usual and accepted way to pay. They cost about 25 baht from SCB bank, but all banks have them.

     

    You hand over the cheque when the land office official says so.

     

    Take cash to pay the government fees and taxes.

     

    This route is very uncomplicated and has as close to zero risk as is possible. You purchase the cheque(s) the day before the purchase, and you send a photo to the seller so they can verify the authenticity of the cheques. You can specify that the cheque is A/C Payable only, so if you lose the cheque it can only be deposited in the named account.

     

    You only hand over the cheque when instructed to do so - which means that at that point the transfer has been accepted by the Land Office as valid and they agree to change ownership subject to you handing over the payment.

     

    If the property has a mortgage on it you will be asked for 2 cheques. The first cheque will be made payable to the bank holding the mortgage, and it will be for the exact price to pay off the debt on that day. The seller will arrange for an official from the bank to be present to accept the cheque and to release the bank's mortgage on the property.

     

    The second cheque will be for the balance of the money and will be made payable to the seller.

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