Are There Any Extra Costs When Buying A Condo?

[hopeless]

Hi, just looking at properties, as an example. what hidden extras would I have to fork out for THIS PROPERT ? If i decide to buy a property ill obviosly go through solictors etc, but at the mo i would like to know what the total costs would be,

They also dont mention communal charges, secruty guards obviously need paying and swimming pools need cleaning once in a while. I assume the buyer has to pay a regular fee?

[twix38]

Yes a regular YEARLY maintenance fee.

My advice is rent, at least for a while first and ONLY buy a Condo you can own in a foreigner name.

Otherwise the seller will state the transfer tax to be paid and is often paid 50% each, which would typically be in the region of 20k to 30k Baht each. Normally require a 10% deposit and all funds must COME FROM YOUR HOME COUNTRY AND STATE THAT THEY ARE FOR THE PURPOSE OF BUYING A cONDO ON THE TRANSFER ITSELF TO THE THAI BANK.

Others can give futher advice

My real advice is wait until things settle down here and don't rush. I anticipate there are more uncertain times ahead and I am selling in View Talay 2 and not buying. Yes it is a nice 41 sq. m condo in foreign name.

It's very easy to buy and harder to sell. Don't buy anything other than a Condo in your own name.

Edited February 5, 2007 by twix38