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How to sell my condo

Phoenix1312

By Phoenix1312
in Phuket

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Phoenix1312 Advanced Member

Phoenix1312

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Posted (edited)

I have a fully furnished 1 bedroom condo at the Phuket Country Club and need to sell it urgently. I have contacted real estate agents but they never get back to me. Can anyone recommend someone that may be able to sell it for me. I am selling it for 1,000,000 less than I paid for quick sale. I will even finance it if the buyer hasn't got cash or can't get a loan. Surely someone would be interested. It a beautifully renovated apartment and has amazing views of the golf coarse.

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mesquite Gold Member

mesquite

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The only thing I could recommend is an ad in the classifieds indicating you're motivated to sell. But, you will get low ball offers most likely.

I tried to sell a car and got no response until the ad was ready to expire. When people sensed I was desperate, they came out of the woodwork, including the Thais.

It's a lot of money. Be careful and try not to get too desperate.

Edited by mesquite
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KittenKong Ruby Member

KittenKong

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Take another half-million off and advertise it yourself. Agents here are hugely overpaid and completely useless.

Bear in mind that most property in Thailand is advertised for anything up to double what it is actually worth. If you set a sensible price then it will sell in a matter of days or weeks at most. If it doesnt sell within that time-frame it is simply overpriced.

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Phoenix1312 Advanced Member

Phoenix1312

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Hey Phoenix

How are things...you've been quiet lately, hope things have been improving.

Good luck with the sale.

I always check out the property's on Baht and Sold and Thai Visa.

Cheers

Things are great. Have met a wonderful man and am very happy. Have been quiet because I am sick of the people who always have a dig at me. Still need to sell my apartment though lol
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beachproperty Gold Member

beachproperty

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First off...good luck....I have found in Thailand and have always said "easy to buy property in Thailand .....NOT so easy to sell"

With that being said ....if I were you, the first step would be to assess its realistic value...Google "1 bedroom condo Phuket country club", I did and the prices varied from 2.5 million baht to 6 million baht. Point is to educate yourself on the local market and prices (NOT just your building). When you think you've found a realistic value for your place discount it again by 20% and you'll probably have a price point for a relatively quick sale (as said before not so easy to sell)

After coming up with your "great price" ...your have to market it AS MUCH AS POSSIBLE! Some internet sites have already been indicated to you. Also when you googled "1 bedroom condo's in Phuket country club" you may have found other free sites to advertise ....DDproperty????

If you market it yourself be prepared for all the "looky-lou's" and bottom of the barrel scrapers

Again ....good luck

Edited by beachproperty
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TacoGuy Senior Member

TacoGuy

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If it's not selling it is overpriced, simple as that. There is ample, ample, ample supply of new build property in Thailand so used property is discounted more heavily than in Western markets. Add to that factors like Thais being a bit superstitious of used properties, shortening leases, maintenance which can't keep up with tropical weather and condos prices do not necessarily maintain value.

It's like selling a seven year old car in mint condition with hardly any mileage. You might think it's worth near sticker, but to the market it requires a hefty discount.

So basically you have to get your head around selling your condo for a keen price. The lowball offers are not lowball offers (not all of them) they are market level offers. You might not like them, they may not make sense given the premium one would pay for a brand new condo, but you have to compare apples to apples. Try and get a handful of genuine offers by lowering your price and then sell. Otherwise you'll be hanging to it for years waiting for general inflation to match the sale price to your perceptions.

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Phoenix1312 Advanced Member

Phoenix1312

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First off...good luck....I have found in Thailand and have always said "easy to buy property in Thailand .....NOT so easy to sell"

With that being said ....if I were you, the first step would be to assess its realistic value...Google "1 bedroom condo Phuket country club", I did and the prices varied from 2.5 million baht to 6 million baht. Point is to educate yourself on the local market and prices (NOT just your building). When you think you've found a realistic value for your place discount it again by 20% and you'll probably have a price point for a relatively quick sale (as said before not so easy to sell)

After coming up with your "great price" ...your have to market it AS MUCH AS POSSIBLE! Some internet sites have already been indicated to you. Also when you googled "1 bedroom condo's in Phuket country club" you may have found other free sites to advertise ....DDproperty????

If you market it yourself be prepared for all the "looky-lou's" and bottom of the barrel scrapers

Again ....good luck

It's not over priced. The problem is I haven't had anyone sell it for me. I had an agent but he didn't do anything or show anyone the apartment. I need someone to try to sell it for me. It's a good buy in Phuket on a golf coarse.

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Phoenix1312 Advanced Member

Phoenix1312

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BTW my wife and I live Gold Coast area as well. Are you in Thailand atm?

We would be interested for ourselves.

Sent from my GT-N7100 on CM11 and the latest nightly

I am on the Goldie now. I can get someone to show you it. PM me and i will gibe you details.

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craigt3365 Star Member

craigt3365

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Take another half-million off and advertise it yourself. Agents here are hugely overpaid and completely useless.

Bear in mind that most property in Thailand is advertised for anything up to double what it is actually worth. If you set a sensible price then it will sell in a matter of days or weeks at most. If it doesnt sell within that time-frame it is simply overpriced.

Some agents are definitely overpaid and useless...but some are not. They can help you set the price and sometimes have clients actively looking for similar properties. As long as it's not an exclusive listing, it's worth a try. Tell your onsite manager also, and offer them a commission. Here in our village, he's the one people see first when coming to our village for a look. He knows what's for sale, for how much, and what's been sold, and for how much.

Maybe put a sign on your balcony also. Advertise here on Thaivisa, and try other places like craigslist, bahtsold, and perhaps even bulletin boards at the local stores, if they have any.

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keestha Platinum Member

keestha

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Have you considered advertising it in the Russian Phuket media?

The last I heard, the Russians were the only ones buying here.

Sure, what's often overlooked, the world doesn't go around in English only, there are also very active German language Phuket/Thailand media which allow you to put in free classified ads, one of them is called Der Farang.

Oh and nobody mentioned Facebook, quite a few FB sites dedicated to selling/buying things in Phuket.

Edited by keestha
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Phoenix1312 Advanced Member

Phoenix1312

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Have you considered advertising it in the Russian Phuket media?

The last I heard, the Russians were the only ones buying here.

Sure, what's often overlooked, the world doesn't go around in English only, there are also very active German language Phuket/Thailand media which allow you to put in free classified ads, one of them is called Der Farang.

Oh and nobody mentioned Facebook, quite a few FB sites dedicated to selling/buying things in Phuket.

Do you know how to contact the Russian Media or German please. Thank you very much for your help

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Phoenix1312 Advanced Member

Phoenix1312

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As far as German media are concerned, try der-farang.com/de/classified, can also try www.thailand-tip.com (Phuket based), www.wochenblitz.com or www.thaizeit.de.

Hope somebody else chips in for Russian media, maybe Chinese?

Thank you very very much. Nice to know there are great people out there.

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NamKangMan Diamond Member

NamKangMan

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Have you considered advertising it in the Russian Phuket media?

The last I heard, the Russians were the only ones buying here.

Sure, what's often overlooked, the world doesn't go around in English only, there are also very active German language Phuket/Thailand media which allow you to put in free classified ads, one of them is called Der Farang.

Oh and nobody mentioned Facebook, quite a few FB sites dedicated to selling/buying things in Phuket.

Do you know how to contact the Russian Media or German please. Thank you very much for your help

I'm not sure if I can post these links. I'll do so for the benefit of all members. If this post is removed by a Mod, I'll PM them to you.

In the third link, I have clicked on "English" and then "classifieds."

You will see that Novosti Phuketa is Thailand's only Russian newspaper. I would try advertising your condo in this Russian newspaper.

http://www.thephuketnews.com/class-act-media-official-notice-41151.php

http://www.novostiphuketa.com/

http://www.thephuketnews.com/classifieds.php

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Phoenix1312 Advanced Member

Phoenix1312

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Have you considered advertising it in the Russian Phuket media?

The last I heard, the Russians were the only ones buying here.

Sure, what's often overlooked, the world doesn't go around in English only, there are also very active German language Phuket/Thailand media which allow you to put in free classified ads, one of them is called Der Farang.

Oh and nobody mentioned Facebook, quite a few FB sites dedicated to selling/buying things in Phuket.

Do you know how to contact the Russian Media or German please. Thank you very much for your help

I'm not sure if I can post these links. I'll do so for the benefit of all members. If this post is removed by a Mod, I'll PM them to you.

In the third link, I have clicked on "English" and then "classifieds."

You will see that Novosti Phuketa is Thailand's only Russian newspaper. I would try advertising your condo in this Russian newspaper.

http://www.thephuketnews.com/class-act-media-official-notice-41151.php

http://www.novostiphuketa.com/

http://www.thephuketnews.com/classifieds.php

Thank you very much. I will try this. I need to sell this condo.

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