Private House Sale Proceedure

[carlyai]

So you are in the process of selling a house in Pattaya.

Everyone agreed on a price, intention of purchase within 1 month drawn up and deposit given.

On the day of the sale completion we go to the land office, the buyer gives us a cashiers cheque, we then sign the house land paper and register with the new owner.

This is how I think it goes, is this correct please?

Is receiving a cashier's cheque the same as receiving the money, or can they somehow cancel the cheque after the land office papers are signed?

Any things I have to watch out for?

Thanks.

[Delight]

 Is the house in a Company?

If so then all elements of your post are irrelevant.

If  it is in a a Thai name then your post is correct.

 

A cashiers cheque cannot be cancelled by the provider.

[carlyai]

In a Thai name...thanks.

 

We should also go to the utilities places and cancel water and electricity?

Or do you take the new owners with us to transfer utilities to them.

[Delight]

On 11/12/2024 at 12:29 PM, carlyai said:

In a Thai name...thanks.

 

We should also go to the utilities places and cancel water and electricity?

Or do you take the new owners with us to transfer utilities to them.

 The new owner will simply take the Chanote to the power and water providers.

By this stage to Chanote is in the new owners name.

[GypsyT]

This all has been very good and clear info!

Thank you.

[Dan SG]

On 11/12/2024 at 12:22 PM, Delight said:

 Is the house in a Company?

If so then all elements of your post are irrelevant.

If  it is in a a Thai name then your post is correct.

 

A cashiers cheque cannot be cancelled by the provider.

I don't think this is right.  If the cheque has not been drawn, it can be cancelled.....say it got lost would it not be able to be cancelled? In fact, I've asked the bank the exact same question and they have confirmed it can be cancelled.  However, if your buyer cancelled the cheque then you would of course have a legal remedy.  I think the chance of someone going through that entire process only to cancel after the chanote was changed would be so slim and practically never happens

[steve187]

1 hour ago, Dan SG said:

I don't think this is right.  If the cheque has not been drawn, it can be cancelled.....say it got lost would it not be able to be cancelled? In fact, I've asked the bank the exact same question and they have confirmed it can be cancelled.  However, if your buyer cancelled the cheque then you would of course have a legal remedy.  I think the chance of someone going through that entire process only to cancel after the chanote was changed would be so slim and practically never happens

substitute cash for cheque, no risk at all

[carlyai]

36 minutes ago, steve187 said:

substitute cash for cheque, no risk at all

Bit difficult when you are at the land office swapping millions. Even B100000 is a large wad.