reserve fee / deposit

[Dan SG]

hi all, could you let me know what the typical reserve fee is to agree to take a condo unit off the market and sell to a buyer, subject to them getting a mortgage approved.  I've heard different amounts.  Thanks all.

[Celsius]

10,000 baht per 1 million.

[Peterw42]

12 minutes ago, Dan SG said:

hi all, could you let me know what the typical reserve fee is to agree to take a condo unit off the market and sell to a buyer, subject to them getting a mortgage approved.  I've heard different amounts.  Thanks all.

There is no set amount, or a requirement for any deposit. Its whatever buyer and seller agree on.

It really comes down to who you are buying from, an agent will usually want a big deposit put down as they usually get their commission out of the deposit. 

If buying straight from the owner, then its really just a show of good faith. If you both agree on a price and to go to the land office next Tuesday then no deposit is required.

If you want to put something down, offer 20k

 

[Dan SG]

Thanks both for replying, that was very helpful