I have some questions on buying a condo with cash.
I was told i can make the payment in 2 ways:
1) via bank transfer from native bank to the seller's (developer) bank in thailand. All paperwork will be done by them and less hassle.
2) bring in cash and declare at the custom to get a certificate from the officer to proof that the money is use for the purchase of condo in thailand.
I am leaning towards the latter as I can do the exchange at the money changer which offers me a much better exchange rate compared to the banks.
Also, as I travel to Thailand very often, I am wondering if is it ok to bring in the money a few times instead of the full amount in 1 shot. For example, say the price of condo is 2million thai baht equivalent, can i bring in 1million thai baht twice and declare at the custom twice? Will the land office accepts that....
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buying a condo with cash
in Real Estate, Housing, House and Land Ownership
Posted
I have some questions on buying a condo with cash.
I was told i can make the payment in 2 ways:
1) via bank transfer from native bank to the seller's (developer) bank in thailand. All paperwork will be done by them and less hassle.
2) bring in cash and declare at the custom to get a certificate from the officer to proof that the money is use for the purchase of condo in thailand.
I am leaning towards the latter as I can do the exchange at the money changer which offers me a much better exchange rate compared to the banks.
Also, as I travel to Thailand very often, I am wondering if is it ok to bring in the money a few times instead of the full amount in 1 shot. For example, say the price of condo is 2million thai baht equivalent, can i bring in 1million thai baht twice and declare at the custom twice? Will the land office accepts that....
Hope someone can enlighten me.