Jump to content

Transferring Cash From Abroad To Buy A Condo


Recommended Posts

I want to transfer all the cash (and some extra for living expenses) for a condo I am purchasing very soon. I am currently paying monthly deposit amounts. However, the condo won't be finished for at least a year. I will make sure it says on the transfer request and FET form that the cash is 'for the purchase of a condo'.

I have 2 questions about this;

1. Will the registry office, when I pay the final amount as a cashier's cheque, accept the FET form if it is a year or more old? Is there a time limit for this - if not what is there to stop someone using an old FET form several years old to use at registration?

2. I may want to move the cash to another bank when it arrives (don't ask why), which may mean that the FET form may be issued by a different bank from the cashier's cheque when I present them at registration. Would this be a problem?

Link to comment
Share on other sites

Can't answer your initial questions though I have a couple of points:

If you want the apartment in your name the funds must come into the country as foreign currency not Baht. e.g. send as US$ etc.

You require a letter from the bank stating this. KTB - had to go to the main office to get it. Check with the Amphor lands office first to avoid hassle. When you pay the final amount go with the salesperson to the lands office to make sure it is your name on the title document (deed).

I assume FET from is the letter from the bank? (Foreign Exchange Transfer?)

Good Luck.

Edited by newcomer01
Link to comment
Share on other sites

Will you be the sole owner? Are you the beneficiary of a completion bond on this yet to be completed unit? Is it fee simple or a long term lease? Is there a funded and viable home owner's association - and possibly most importantly, what are the CC&R's (covenants, conditions and restrictions)? Also, is your visa "bullet proof?

The rule: Never do overseas, what you might not do in your home country. Good luck.

Link to comment
Share on other sites

Will you be the sole owner? Are you the beneficiary of a completion bond on this yet to be completed unit? Is it fee simple or a long term lease? Is there a funded and viable home owner's association - and possibly most importantly, what are the CC&R's (covenants, conditions and restrictions)? Also, is your visa "bullet proof?

The rule: Never do overseas, what you might not do in your home country. Good luck.

What the <deleted> has this got to do with anything I have asked? I'm not asking for some clever dork to make some statement on property trust in Thailand - I've bought 3 properties already - so stick to the point

Link to comment
Share on other sites

Card: Totally unwarranted response to Thaigold. Show some manners if possible.

If you have bought 3 properties aleady you should know the answer or go the Amphor to find the answer.

You obviously didn't want to ask the question that you want to try a scam with a previous purchase.

Shan't wish you good luck this time.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Topics

  • Latest posts...

    1. 0

      The Guardian Steps Back from Elon Musk’s Platform X Amid Content Concerns

    2. 0

      Metropolitan Police Chief Warns of Drastic Budget Cuts Under Labour

    3. 0

      Labour’s Business Backlash: How Tax Hikes and Policy Shifts Are Straining Corporate Ties

    4. 0

      Sadiq Khan Calls Out Trump’s Racism and Extends an Olive Branch

    5. 0

      A Radical Experiment: How Elon Musk Could Shake Up Washington

    6. 0

      Iran Opens Mental Health Clinic to "Treat" Women Resisting Hijab Mandate

    7. 0

      White Orb Emerges from Ocean Near Kuwait, Sparking Intense UFO Debate in U.S. Congress

    8. 0

      Britain's Energy Crisis: A Cautionary Tale of Misguided Policies and Imported Power

  • Popular in The Pub


×
×
  • Create New...