House Purchase

[richard2u]

Hi All,

I have been looking at house prices for over 9 months now, the prices are still the same as they were when i first started looking.

Would it be possible to make a deal with the seller for a reduced price as the property has been on the market for months and the climate is in the buyers favour.

Thanks in advance.

Richard.

[seaeagle]

Surely, this posting wins a 'Carlsberg' award - Probably the most naive posting ever.............

Mate, it's called making an offer. And then maybe getting such offer accepted. And then you make your written deal, aka a sale / purchase contract.

Where on earth do you come from not to understand this?

[sgiandubh]

Despite the condescending nature of the last answer - the basic content is perfectly correct. Any prospective purchaser of property, any where in the world, would be wise to put-in or suggest a lower price than the advertised price. In Asia, it is, of course, expected.

Be brave - suggest a much lower price and be prepared to "up" your offer - who knows, you may even get the condo at a price that happily surprises you. One thing though, remember that you will have to prove to the authorities that the funds for your purchase have been brought into Thailand from outside the country and paid into a Thai bank - the bank will have a standard form that they will complete showing that you received funds from abroad.

Good luck in your search.

[johninbkk]

In which area are you interested? what budget? and as the previous poster mentioned, just make a deal. state your offer.

e a s y

[sarahsbloke]

Foreigners can't buy houses in Thailand.

[onnut]

Foreigners can't buy houses in Thailand.

yes they can!

but it cant go in there name.

[sgiandubh]

Actually, the two previous posts are incorrect. Foreighners CAN buy houses in Thailand without restriction. I think what they mean is that as a foreigner, you cannot buy the land on which the house sits.

There are, however, other ways available to you.

1. You can lease the land for a total of 30 years - most lease holders will automatically grant a 30 and 30 year extension which may be transferred to your siblings. This, is not however guaranteed and is at the behest of the leaseholder although most new developments will carry a 30/30/30 lease.

2. The ownership of the land can be registered in the name of your child (if you have one of course) You can be the effective lodger. Of course, if your child falls out with you, he/she could evict you.

[stgrhe]

Actually, the two previous posts are incorrect. Foreighners CAN buy houses in Thailand without restriction. I think what they mean is that as a foreigner, you cannot buy the land on which the house sits.

There are, however, other ways available to you.

1. You can lease the land for a total of 30 years - most lease holders will automatically grant a 30 and 30 year extension which may be transferred to your siblings. This, is not however guaranteed and is at the behest of the leaseholder although most new developments will carry a 30/30/30 lease.

2. The ownership of the land can be registered in the name of your child (if you have one of course) You can be the effective lodger. Of course, if your child falls out with you, he/she could evict you.

3. Register a usufruct in your name; it can be for life or 30 years; or

4. Register a superficies in your name