Russian Agent Requests House/Company Documents?

[phuketbaan]

Selling my house in Thailand from abroad.

The Russian agent wants me to send copies of all my documents

related to my house for his lawyer to inspect for a potential buyer.

Ie - Company registration, loan agreement from the bank, Nor Sor 3 etc...

I have googled the Lawyer company GAM Legal alliance in Phuket

as I had never heard of them.

There seems to be no reviews of their services although they do show up.

It would simply be a matter of changing the company director and 2 other shareholders

for the sale and I was hoping not to involve a costly Lawyer/ solicitor for this transaction.

As long as I just send the copies of everything for the due diligence there shouldnt be anything to worry about?

Cheers in advance....

[krisb]

Now I don't know much about selling houses in Thailand but I do know the line in your op..

...'The Russian agent wants me to send copies of all my documents'

Sounds dodgy as f.

[manarak]

it is normal, some agents require that.

what I did at the time was to send copies with several big "COPY" notices on them, preferrably positioned on signatures and stamps.

[whoisyourdaddy]

What is so dodgy about wanting to see the documents??

No doubt you would prefer no checks or lawyers as a seller , but as a buyer I am sure you would want to see company and it's balance sheets along with all other related documents .

If I was a buyer and seller was hesitating as you doing, I would be walking away immidiately as clearly you are hiding something

Edited March 16, 2014 by whoisyourdaddy

[phuketbaan]

it is normal, some agents require that.

what I did at the time was to send copies with several big "COPY" notices on them, preferrably positioned on signatures and stamps.

Cheers Manarak

That is what I was initially thinking of doing.

Either that or bite the bullet and hire a lawyer to take care of it all.

Cant be to careful....lots of horror stories.

[manarak]

it is normal, some agents require that.

what I did at the time was to send copies with several big "COPY" notices on them, preferrably positioned on signatures and stamps.

Cheers Manarak

That is what I was initially thinking of doing.

Either that or bite the bullet and hire a lawyer to take care of it all.

Cant be to careful....lots of horror stories.

I did that AND let a lawyer handle the transaction

[MeowBundit]

Cant be to careful....lots of horror stories.

The best thing to have your own agent working for you at place. As russian, I can tell the agent is very do his job in very professional manner. Horror story is, if buyer, who bought your property, oh, sorry - actually not it but company, and then "discovered" loan for car, some business project, etc. This happens before and will happen in the future. Selling company with debt, it's a "popular" thing... This is why agent must to check balance and other things.

Not need to worry, but if buyer pays deposit, I can advice to go yourself and finish deal and transfer money abroad. Esspecially, if you not have trusted person on your side at location...

Edited March 16, 2014 by MeowBundit

[tingtong]

as it is usually buyer beware...

for me the strange thing would be a seller unable/unwilling to provide the documents needed for inspection, and trying to elude involving a lawyer...

just saying.

[Thainess]

An old friend of mine when I was working at MI6 (that was long after I was in the Royal Marines and a full 3 decades before I was a Navy SEAL and I'm not even going to mention my Mossad days) told me to be very careful with Russian agents. "They know too much," he said. I'm afraid I can't tell you any more in a public forum like this.