SF ***Chef seek a house in Samui with owner financing

[Worsley]

Hello Samui, I have been trying for ages to buy:

a Detached, 3 bedroom house, 1/2 K to a N/E beach.

I must have owner financing.  If you hear of anything, I sure would appreciate it. 

 

 

[DrJack54]

How do you buy a detached house. Are you Thai? 

[tonray]

3 minutes ago, DrJack54 said:

How do you buy a detached house. Are you Thai? 

Perhaps that's why he's been trying for 'ages' ?

[DrJack54]

1 minute ago, tonray said:

Perhaps that's why he's been trying for 'ages' ?

If I had property for sale.....I wouldn't be looking for a farang that is wanting vendor terms.

Generally means skint.

[LarrySR]

9 hours ago, DrJack54 said:

If I had property for sale.....I wouldn't be looking for a farang that is wanting vendor terms.

Generally means skint.

A 20% down payment and some sweet interest on the balance for 10 years might sound good to some sellers.

Of course hang onto the deed and be able to evict the buyer if they default would be in the terms, registered at the Land Office.

[Worsley]

LarrySR, Thanks Man, I hate this financing.  We offer 50% and 6 years term.  What do you mean that I cannot buy a freestanding house?  Just not a condo/villa in a cluster.  Ownership, I can forget that I know.  xs

 

[Whale]

1 hour ago, Worsley said:

 What do you mean that I cannot buy a freestanding house?

You cannot legally own the land it stands on. You can buy the house but not the land.

Leasehold is the only TRUE safe legal method (30 years or 30+ with an additional legal document that is written with Thai leasehold potential issues in mind).

Many (and I do mean MANY) use a lawyer to purchase as a company. It not 100% kosher but so many do use the method. Use a good law firm if you go this route. Personally I would not but MANY have.

Your wife (if Thai) can buy the land.

Your girlfriend/boyfriend (if Thai) can buy the land.

 

Don't trust anything an agent, seller or involved party tells you. Do your due diligence.

 

 

Edited September 16, 2021 by Whale
added last line

[chrisandsu]

Just rent .