Democracy74

47 minutes ago, phungo said:

thanks for all the replies!

 

The title is a chanote.

She is asking for 1.2 million baht per rai. She has talked to neighbor and says that the going rate is 1 to 1.2 M. 

 

This seems like a huge discrepancy to what you suggested the price to be.

 

Prices on here seem to be a bit more in the ball park of what she is saying but there is a huge range also. https://www.ddproperty.com/en/sa-kaeo/aranyaprathet

 

I have no idea. I told her that if we can sell it for 1M / rai I'd be super happy.

 

 

Chanote is the highest grade of land title and allows you to build permanent structures upon the land (in accordance with local building regulations) so it could be used for development which adds value. Farming land typically has a low grade title like Tor Bor 5 which does not allow for property development and so is typically used for crops or as a pasture/garden etc. This would have a much lower value. I don't know your area or the land prices there but the Chanote title would indicate a higher value. Try asking the local land office what their valuation would be (they would know for transfer tax purposes).

1 hour ago, Vacuum said:

Have you tried it? I haven't, too old now, but I'm sure I've missed some experience..

When it's good it's good, when it's bad it's bad, in my experience the good is not worth the bad.

19 hours ago, ubonr1971 said:

I think you are inexperienced about the way things roll here in Thailand. Are you an armchair quarterback from a nanny state western country?

Lived here for 16 years not that it matters, like I said, your idea is brilliant, crack on. 

2 hours ago, ubonr1971 said:

This comment is BS. We registered a 10 yr lease at the land office and we offered to pay the 20k tax as it gave us protection. Do you really think any landlord is going to expect a tenant like us to pay 10 yrs rent in advance just bc we are registering a lease at the LO? ha ha

You are right, brilliant idea, have the tenant legally registered on the back of your title deed as the Lessee for a term that they have not yet paid for, crack on.

You should only register the lease on the title deed if you have already been paid upfront for the full registered rental term.

If you decide to take a deposit and then take monthly payments then you should not register the lease at the land office.

A Judge that brings a gun in to a court room, then shoots himself in the chest because he gets overruled by his superiors is showing signs of bad judgement and perhaps a mental breakdown and is therefore not the best person to rule on other peoples fates.

Wear trousers, I was turned away from my 5 year renewal for wearing shorts (smart shorts), apparently you cannot take your eye test or reaction test if you are not wearing trousers!!!

At the age of 44, I have just signed up to Luma Healthcare, worth a look, they offer a lot for the money.

You can send in any foreign currency, so USD will be fine regardless of where you reside.

When you bring your money in to Thailand in a foreign currency you can obtain an Foreign Exchange Transaction form for that amount, you can then take the same amount out at a later date without any problems or taxes, a lawyer (who you will likely use for the property purchase) can advise you.

The bank gave me a credit card once I offered to lock in 100,000 Thb for a 90,000 Thb credit limit (if I cancel my cc card my 100,000 Thb becomes unlocked again). All they worry about is you leaving Thailand with an unpaid cc bill.