Is this the right area to advertise land / house properties for sale? What could be scaring buyers?

[thestatusquo]

My mom is looking to sale her land, house(s) and business.

She lives around the Aranyaprathet area.

What she is looking to sale is an updated house (as of 2014) 3 bedrooms, kitchen and area for car to be parked. Tile floors. 2 bathrooms.

Another house on the same lot. I believe is one bedroom, with a very large living area. This was supposed to be a store, comes with the pull down metal security gate. Tile floors (of course). One bathroom.

The gas station is on the same lot. I don't know the monthly revenue on it at the moment. Still in working condition.

Also not sure on the acres of commercial land she owns.

She has been trying to sell off this property for years now. What could be scaring or making it seem not worth it to buyers? Buyer after buyer backs out at the last minute everytime.

I know east thailand is not the most amazing affluent area.

She's asking around (give or take) 300K USD.

[trogers]

Location and price.

How much to invest, including cost of upgrading, and compare it to revenue after deducting the cost to run the business.

The house can only generate rents.

[thestatusquo]

Location and price.

How much to invest, including cost of upgrading, and compare it to revenue after deducting the cost to run the business.

The house can only generate rents.

This is what I'm thinking .... I think where she lives is probably not the most desirable area to be at (boring, next to Cambodia).

[mike324]

just a small town with limited buyers and potential, your best bet is to put up flyers around the area and let local folks know your property is for sale so they can bring in potential buyers and get commission for the sale. Places like that works best with word of mouth. Never been there but heard that it close to Cambodia and casinos so its not too bad.

[thestatusquo]

just a small town with limited buyers and potential, your best bet is to put up flyers around the area and let local folks know your property is for sale so they can bring in potential buyers and get commission for the sale. Places like that works best with word of mouth. Never been there but heard that it close to Cambodia and casinos so its not too bad.

Good idea. Unfortunately she is pretty lazy when it comes to the house hustle.

[Anthony5]

I have my house advertised on a well known classifieds site since Februari 2014. My property is in a favorable location and is priced to sell.

I received approximate 3-4 email responses each week and at least 1 interested viewer each week. Some returned more than once, and were financially strong seriously interested candidates.

Then D-Day 22 May came, and all of sudden people who were strongly interested informed me that they would look on for another year.

Between D-Day and early September, when I removed the property from the market, I received a total of 4 responses and 1 viewer, who thought everything is free in Thailand and everyone is desperate.

Early December I re-listed the property on the same sight and have so far received 1 response from a UK IP address, who had never seen the property, and asked if I wanted to sell at a 30% discount.

I hope this removes all your doubts.

[ToddinChonburi]

All the talk is the bubble is bursting here in 2015.

[ldnguy]

All the talk is the bubble is bursting here in 2015.

There is no talk and no bubble to burst, so stop talking nonsense.

[ldnguy]

just a small town with limited buyers and potential, your best bet is to put up flyers around the area and let local folks know your property is for sale so they can bring in potential buyers and get commission for the sale. Places like that works best with word of mouth. Never been there but heard that it close to Cambodia and casinos so its not too bad.

Good idea. Unfortunately she is pretty lazy when it comes to the house hustle.

If she's too lazy to sell it then it will stay unsold. Why should we help someone that's lazy? Tell her to get off her butt and get it sorted.

[ldnguy]

I have my house advertised on a well known classifieds site since Februari 2014. My property is in a favorable location and is priced to sell.

I received approximate 3-4 email responses each week and at least 1 interested viewer each week. Some returned more than once, and were financially strong seriously interested candidates.

Then D-Day 22 May came, and all of sudden people who were strongly interested informed me that they would look on for another year.

Between D-Day and early September, when I removed the property from the market, I received a total of 4 responses and 1 viewer, who thought everything is free in Thailand and everyone is desperate.

Early December I re-listed the property on the same sight and have so far received 1 response from a UK IP address, who had never seen the property, and asked if I wanted to sell at a 30% discount.

I hope this removes all your doubts.

That shows that your price is too high. At the right price it would sell in days. If a property has been on the market for a while potential buyers start to wonder what's wrong with it and wonder if they are paying too much. It's been on sale for almost a year. That always means the price is too high. "Priced to sell" means just what it says. Yours hasn't sold so isn't priced to sell. That's why the last offer was 30% below your price.

[trogers]

I have my house advertised on a well known classifieds site since Februari 2014. My property is in a favorable location and is priced to sell.

I received approximate 3-4 email responses each week and at least 1 interested viewer each week. Some returned more than once, and were financially strong seriously interested candidates.

Then D-Day 22 May came, and all of sudden people who were strongly interested informed me that they would look on for another year.

Between D-Day and early September, when I removed the property from the market, I received a total of 4 responses and 1 viewer, who thought everything is free in Thailand and everyone is desperate.

Early December I re-listed the property on the same sight and have so far received 1 response from a UK IP address, who had never seen the property, and asked if I wanted to sell at a 30% discount.

I hope this removes all your doubts.

That shows that your price is too high. At the right price it would sell in days. If a property has been on the market for a while potential buyers start to wonder what's wrong with it and wonder if they are paying too much. It's been on sale for almost a year. That always means the price is too high. "Priced to sell" means just what it says. Yours hasn't sold so isn't priced to sell. That's why the last offer was 30% below your price.

My property is in a favorable location and is priced to sell.

If it is priced to sell, and not sold, means market prices are falling. The property cycle has turned downwards.

The evidence? - "...all of sudden people who were strongly interested informed me that they would look on for another year".

Edited January 17, 2015 by trogers

[Anthony5]

I have my house advertised on a well known classifieds site since Februari 2014. My property is in a favorable location and is priced to sell.

I received approximate 3-4 email responses each week and at least 1 interested viewer each week. Some returned more than once, and were financially strong seriously interested candidates.

Then D-Day 22 May came, and all of sudden people who were strongly interested informed me that they would look on for another year.

Between D-Day and early September, when I removed the property from the market, I received a total of 4 responses and 1 viewer, who thought everything is free in Thailand and everyone is desperate.

Early December I re-listed the property on the same sight and have so far received 1 response from a UK IP address, who had never seen the property, and asked if I wanted to sell at a 30% discount.

I hope this removes all your doubts.

That shows that your price is too high. At the right price it would sell in days. If a property has been on the market for a while potential buyers start to wonder what's wrong with it and wonder if they are paying too much. It's been on sale for almost a year. That always means the price is too high. "Priced to sell" means just what it says. Yours hasn't sold so isn't priced to sell. That's why the last offer was 30% below your price.

Someone who makes a price offer from overseas on an unseen property is a bargain hunter, nothing to do with valuation.

If the real cost to build a structure is X amount, then the value never can be X - 30%, it can be the price you're able to sell it currently because of circumstances but that has nothing to do with value.

You also missed my point. The property was on the market for 3 months only, and carried a healthy interest, when all of sudden on a particular day the interest dried up completely overnight. You will know what May 22nd means in Thai history.

I also have to admit that I misread the thread title, I was read it as " Is this the right time to advertise land?house for sale", which it is definitely not for the reason explained in my previous post.

I should also make clear that I removed the property from the market in September because it was sold at list price, but had to re-list it in December because the buyer failed to complete his mortgage approval. The property was valued in forced sale by the bank that would supply the mortgage at near the list price.

Currently there are simply no buyers at any price.

Edited January 17, 2015 by Anthony5

[ldnguy]

I have my house advertised on a well known classifieds site since Februari 2014. My property is in a favorable location and is priced to sell.

I received approximate 3-4 email responses each week and at least 1 interested viewer each week. Some returned more than once, and were financially strong seriously interested candidates.

Then D-Day 22 May came, and all of sudden people who were strongly interested informed me that they would look on for another year.

Between D-Day and early September, when I removed the property from the market, I received a total of 4 responses and 1 viewer, who thought everything is free in Thailand and everyone is desperate.

Early December I re-listed the property on the same sight and have so far received 1 response from a UK IP address, who had never seen the property, and asked if I wanted to sell at a 30% discount.

I hope this removes all your doubts.

That shows that your price is too high. At the right price it would sell in days. If a property has been on the market for a while potential buyers start to wonder what's wrong with it and wonder if they are paying too much. It's been on sale for almost a year. That always means the price is too high. "Priced to sell" means just what it says. Yours hasn't sold so isn't priced to sell. That's why the last offer was 30% below your price.

Someone who makes a price offer from overseas on an unseen property is a bargain hunter, nothing to do with valuation.

If the real cost to build a structure is X amount, then the value never can be X - 30%, it can be the price you're able to sell it currently because of circumstances but that has nothing to do with value.

You also missed my point. The property was on the market for 3 months only, and carried a healthy interest, when all of sudden on a particular day the interest dried up completely overnight. You will know what May 22nd means in Thai history.

I also have to admit that I misread the thread title, I was read it as " Is this the right time to advertise land?house for sale", which it is definitely not for the reason explained in my previous post.

I should also make clear that I removed the property from the market in September because it was sold at list price, but had to re-list it in December because the buyer failed to complete his mortgage approval. The property was valued in forced sale by the bank that would supply the mortgage at near the list price.

Currently there are simply no buyers at any price.

You are wrong. Try building a house in a very dodgy area, The value of the finished house will indeed to less than the build value. You can but houses in parts of Detroit for under $1,000, which is way, way below build costs. It is obvious that you do not understand pricing or value. Spend 5 million baht building he most wonderful house in the middle of a bad, bad area and you'll be luck to sell it for half that price. Your understanding is seriously flawed.

[ldnguy]

I have my house advertised on a well known classifieds site since Februari 2014. My property is in a favorable location and is priced to sell.

I received approximate 3-4 email responses each week and at least 1 interested viewer each week. Some returned more than once, and were financially strong seriously interested candidates.

Then D-Day 22 May came, and all of sudden people who were strongly interested informed me that they would look on for another year.

Between D-Day and early September, when I removed the property from the market, I received a total of 4 responses and 1 viewer, who thought everything is free in Thailand and everyone is desperate.

Early December I re-listed the property on the same sight and have so far received 1 response from a UK IP address, who had never seen the property, and asked if I wanted to sell at a 30% discount.

I hope this removes all your doubts.

That shows that your price is too high. At the right price it would sell in days. If a property has been on the market for a while potential buyers start to wonder what's wrong with it and wonder if they are paying too much. It's been on sale for almost a year. That always means the price is too high. "Priced to sell" means just what it says. Yours hasn't sold so isn't priced to sell. That's why the last offer was 30% below your price.

Currently there are simply no buyers at any price.

Wrong again. I will buy it for $1.

You may think I'm joking. I'm not. Of course there are buyers. I have just proved it to you. I am serious interested at $1 and even much higher. Others would be as well. There will be plenty of potential buyers at the right price.

You also have the overseas offer, yet you say there are no buyers at any price. Perhaps you can explain that to me. I repeat... I will buy for $1.

Edited January 17, 2015 by ldnguy

[Anthony5]

I have my house advertised on a well known classifieds site since Februari 2014. My property is in a favorable location and is priced to sell.

I received approximate 3-4 email responses each week and at least 1 interested viewer each week. Some returned more than once, and were financially strong seriously interested candidates.

Then D-Day 22 May came, and all of sudden people who were strongly interested informed me that they would look on for another year.

Between D-Day and early September, when I removed the property from the market, I received a total of 4 responses and 1 viewer, who thought everything is free in Thailand and everyone is desperate.

Early December I re-listed the property on the same sight and have so far received 1 response from a UK IP address, who had never seen the property, and asked if I wanted to sell at a 30% discount.

I hope this removes all your doubts.

That shows that your price is too high. At the right price it would sell in days. If a property has been on the market for a while potential buyers start to wonder what's wrong with it and wonder if they are paying too much. It's been on sale for almost a year. That always means the price is too high. "Priced to sell" means just what it says. Yours hasn't sold so isn't priced to sell. That's why the last offer was 30% below your price.

Someone who makes a price offer from overseas on an unseen property is a bargain hunter, nothing to do with valuation.

If the real cost to build a structure is X amount, then the value never can be X - 30%, it can be the price you're able to sell it currently because of circumstances but that has nothing to do with value.

You also missed my point. The property was on the market for 3 months only, and carried a healthy interest, when all of sudden on a particular day the interest dried up completely overnight. You will know what May 22nd means in Thai history.

I also have to admit that I misread the thread title, I was read it as " Is this the right time to advertise land?house for sale", which it is definitely not for the reason explained in my previous post.

I should also make clear that I removed the property from the market in September because it was sold at list price, but had to re-list it in December because the buyer failed to complete his mortgage approval. The property was valued in forced sale by the bank that would supply the mortgage at near the list price.

Currently there are simply no buyers at any price.

You are wrong. Try building a house in a very dodgy area, The value of the finished house will indeed to less than the build value. You can but houses in parts of Detroit for under $1,000, which is way, way below build costs. It is obvious that you do not understand pricing or value. Spend 5 million baht building he most wonderful house in the middle of a bad, bad area and you'll be luck to sell it for half that price. Your understanding is seriously flawed.

I know where I built my house, don't worry about that.

I would think that the bank appraisal people know what they are talking about and that their valuation in FORCED sale is pretty correct as they don't like to lose money.

Did I say they valued it very close to my list price?

Keep sprouting the drivel.

[Anthony5]

I have my house advertised on a well known classifieds site since Februari 2014. My property is in a favorable location and is priced to sell.

I received approximate 3-4 email responses each week and at least 1 interested viewer each week. Some returned more than once, and were financially strong seriously interested candidates.

Then D-Day 22 May came, and all of sudden people who were strongly interested informed me that they would look on for another year.

Between D-Day and early September, when I removed the property from the market, I received a total of 4 responses and 1 viewer, who thought everything is free in Thailand and everyone is desperate.

Early December I re-listed the property on the same sight and have so far received 1 response from a UK IP address, who had never seen the property, and asked if I wanted to sell at a 30% discount.

I hope this removes all your doubts.

That shows that your price is too high. At the right price it would sell in days. If a property has been on the market for a while potential buyers start to wonder what's wrong with it and wonder if they are paying too much. It's been on sale for almost a year. That always means the price is too high. "Priced to sell" means just what it says. Yours hasn't sold so isn't priced to sell. That's why the last offer was 30% below your price.

Currently there are simply no buyers at any price.

Wrong again. I will buy it for $1.

You may think I'm joking. I'm not. Of course there are buyers. I have just proved it to you. I am serious interested at $1 and even much higher. Others would be as well. There will be plenty of potential buyers at the right price.

You also have the overseas offer, yet you say there are no buyers at any price. Perhaps you can explain that to me. I repeat... I will buy for $1.

OK, i should have said no buyers at a reasonable price.

The overseas guy with the ridiculous offer would not buy it at the price he offered. With his offer he was testing the water, and if I agreed he would know he had a desperate seller, then come over and make a bid 30% under his previous offer.

Think I'm born under a chicken, or that I.m even in a need to sell?

[thestatusquo]

Ok what's going on here .. Lol

[marcusd]

I have my house advertised on a well known classifieds site since Februari 2014. My property is in a favorable location and is priced to sell.

I received approximate 3-4 email responses each week and at least 1 interested viewer each week. Some returned more than once, and were financially strong seriously interested candidates.

Then D-Day 22 May came, and all of sudden people who were strongly interested informed me that they would look on for another year.

Between D-Day and early September, when I removed the property from the market, I received a total of 4 responses and 1 viewer, who thought everything is free in Thailand and everyone is desperate.

Early December I re-listed the property on the same sight and have so far received 1 response from a UK IP address, who had never seen the property, and asked if I wanted to sell at a 30% discount.

I hope this removes all your doubts.

That shows that your price is too high. At the right price it would sell in days. If a property has been on the market for a while potential buyers start to wonder what's wrong with it and wonder if they are paying too much. It's been on sale for almost a year. That always means the price is too high. "Priced to sell" means just what it says. Yours hasn't sold so isn't priced to sell. That's why the last offer was 30% below your price.

I agree with Anthony ... may not be overpriced at all. There is a GLUT of property on the market all over Thailand.

have a cycle around. Don't bother driving you will run out of pens and paper writing down the addresses for sale.

And I live in Chiang Mai and Pattaya - OMG! The whole country is for sale and too many houses, condo, shop houses for sale because developers thought many people will come and buy a house for their new found bar fly girl friend.

Now they pay the price.

I own a house but it serves as my office and the rent I save on both office and a condo means in 3 years my house is fully paid for by rental savings so no loss for me even if I walk away.

And that is what you have to be prepared to do if you own here. This is not a MARKET investment p[lace to be for real estate. The whole world is in a bad way.

[Pheat123]

I have my house advertised on a well known classifieds site since Februari 2014. My property is in a favorable location and is priced to sell.

I received approximate 3-4 email responses each week and at least 1 interested viewer each week. Some returned more than once, and were financially strong seriously interested candidates.

Then D-Day 22 May came, and all of sudden people who were strongly interested informed me that they would look on for another year.

Between D-Day and early September, when I removed the property from the market, I received a total of 4 responses and 1 viewer, who thought everything is free in Thailand and everyone is desperate.

Early December I re-listed the property on the same sight and have so far received 1 response from a UK IP address, who had never seen the property, and asked if I wanted to sell at a 30% discount.

I hope this removes all your doubts.

That shows that your price is too high. At the right price it would sell in days. If a property has been on the market for a while potential buyers start to wonder what's wrong with it and wonder if they are paying too much. It's been on sale for almost a year. That always means the price is too high. "Priced to sell" means just what it says. Yours hasn't sold so isn't priced to sell. That's why the last offer was 30% below your price.

In 12 months time the buyer who offered you 30% below your perceived value

You may be crawling over broken glass to buy your property

Currently there are simply no buyers at any price.

Wrong again. I will buy it for $1.

You may think I'm joking. I'm not. Of course there are buyers. I have just proved it to you. I am serious interested at $1 and even much higher. Others would be as well. There will be plenty of potential buyers at the right price.

You also have the overseas offer, yet you say there are no buyers at any price. Perhaps you can explain that to me. I repeat... I will buy for $1.

OK, i should have said no buyers at a reasonable price.

The overseas guy with the ridiculous offer would not buy it at the price he offered. With his offer he was testing the water, and if I agreed he would know he had a desperate seller, then come over and make a bid 30% under his previous offer.

Think I'm born under a chicken, or that I.m even in a need to sell?

[Anthony5]

In 12 months time the buyer who offered you 30% below your perceived value

You may be crawling over broken glass to buy your property

I think you mistake me for yourself. I'm not a desperate foreigner surviving on a 2000 Bht/month room somewhere in Pattaya.

[ldnguy]

But what's a reasonable price to you obviously isn't a reasonable price for the potential buyers.

You are pretty deluded if you think banks can't get property valuation wrong. Have you been asleep since 2008? Properties valued at $100K+ by banks now selling for $1,000. i.e.99% below apprised value. Even in normal times banks get it wrong. It's just their way of valuing risk. They aren't claiming to be correct. They are just placing the price where they feel safe. It doesn't mean they are right.

But you're in no hurry to sell, so just hang on a few years. No use coming on here to complain though.

[Anthony5]

But what's a reasonable price to you obviously isn't a reasonable price for the potential buyers.

You are pretty deluded if you think banks can't get property valuation wrong. Have you been asleep since 2008? Properties valued at $100K+ by banks now selling for $1,000. i.e.99% below apprised value. Even in normal times banks get it wrong. It's just their way of valuing risk. They aren't claiming to be correct. They are just placing the price where they feel safe. It doesn't mean they are right.

But you're in no hurry to sell, so just hang on a few years. No use coming on here to complain though.

I didn't complain, I stated a fact.

Properties valued at 100K$ now selling for 1K$ ? Keep sprouting the drivel, if you think that makes you sound knowledgeable, in reality it makes you sound like a fool.

The property was appraised by the bank only 3 months ago, so if you say that they value what they feel is save, it means they for sure didn't overvalue. After all they try to cover the risk for the money they hand out.

Think you still don't get it. The interest in my property dried up the day General happiness took over. Does that mean my property devalued that day?

No way, it means that less people are interested in investing in Thailand, and that the parasites believe everybody owning a property in Thailand is desperate since that day.

But in fact the intrinsic value of my property hasn't changed by a single Baht.

[kannot]

I have my house advertised on a well known classifieds site since Februari 2014. My property is in a favorable location and is priced to sell.

I received approximate 3-4 email responses each week and at least 1 interested viewer each week. Some returned more than once, and were financially strong seriously interested candidates.

Then D-Day 22 May came, and all of sudden people who were strongly interested informed me that they would look on for another year.

Between D-Day and early September, when I removed the property from the market, I received a total of 4 responses and 1 viewer, who thought everything is free in Thailand and everyone is desperate.

Early December I re-listed the property on the same sight and have so far received 1 response from a UK IP address, who had never seen the property, and asked if I wanted to sell at a 30% discount.

I hope this removes all your doubts.

That shows that your price is too high. At the right price it would sell in days. If a property has been on the market for a while potential buyers start to wonder what's wrong with it and wonder if they are paying too much. It's been on sale for almost a year. That always means the price is too high. "Priced to sell" means just what it says. Yours hasn't sold so isn't priced to sell. That's why the last offer was 30% below your price.

Someone who makes a price offer from overseas on an unseen property is a bargain hunter, nothing to do with valuation.

If the real cost to build a structure is X amount, then the value never can be X - 30%, it can be the price you're able to sell it currently because of circumstances but that has nothing to do with value.

You also missed my point. The property was on the market for 3 months only, and carried a healthy interest, when all of sudden on a particular day the interest dried up completely overnight. You will know what May 22nd means in Thai history.

I also have to admit that I misread the thread title, I was read it as " Is this the right time to advertise land?house for sale", which it is definitely not for the reason explained in my previous post.

I should also make clear that I removed the property from the market in September because it was sold at list price, but had to re-list it in December because the buyer failed to complete his mortgage approval. The property was valued in forced sale by the bank that would supply the mortgage at near the list price.

Currently there are simply no buyers at any price.

Thats not true its not SOLD until you have the cash, doesnt matter how much you spent on building a place its worth only what someone will pay, you could have put in gold taps and gold wallpaper and it could have cost you millions etc etc

Property is selling, if yours isnt its too expensive or at a price that there are only a few buyers per capita of population ie if its over lets say 10 million you will have a much smaller buyer pool than if it was 1 million. either that or what u want is not what a Thai buyer wants.

My Wife sells property and if her commissions are anything to go on shes doing bloody well.

People always assume their house is worth xyz when it isnt.

[kannot]

I have my house advertised on a well known classifieds site since Februari 2014. My property is in a favorable location and is priced to sell.

I received approximate 3-4 email responses each week and at least 1 interested viewer each week. Some returned more than once, and were financially strong seriously interested candidates.

Then D-Day 22 May came, and all of sudden people who were strongly interested informed me that they would look on for another year.

Between D-Day and early September, when I removed the property from the market, I received a total of 4 responses and 1 viewer, who thought everything is free in Thailand and everyone is desperate.

Early December I re-listed the property on the same sight and have so far received 1 response from a UK IP address, who had never seen the property, and asked if I wanted to sell at a 30% discount.

I hope this removes all your doubts.

That shows that your price is too high. At the right price it would sell in days. If a property has been on the market for a while potential buyers start to wonder what's wrong with it and wonder if they are paying too much. It's been on sale for almost a year. That always means the price is too high. "Priced to sell" means just what it says. Yours hasn't sold so isn't priced to sell. That's why the last offer was 30% below your price.

In 12 months time the buyer who offered you 30% below your perceived value

You may be crawling over broken glass to buy your property

Currently there are simply no buyers at any price.

Wrong again. I will buy it for $1.

You may think I'm joking. I'm not. Of course there are buyers. I have just proved it to you. I am serious interested at $1 and even much higher. Others would be as well. There will be plenty of potential buyers at the right price.

You also have the overseas offer, yet you say there are no buyers at any price. Perhaps you can explain that to me. I repeat... I will buy for $1.

OK, i should have said no buyers at a reasonable price.

The overseas guy with the ridiculous offer would not buy it at the price he offered. With his offer he was testing the water, and if I agreed he would know he had a desperate seller, then come over and make a bid 30% under his previous offer.

Think I'm born under a chicken, or that I.m even in a need to sell?

But "your" idea of a reasonable price isnt "reasonable" to them

[Anthony5]

OK, i should have said no buyers at a reasonable price.

The overseas guy with the ridiculous offer would not buy it at the price he offered. With his offer he was testing the water, and if I agreed he would know he had a desperate seller, then come over and make a bid 30% under his previous offer.

Think I'm born under a chicken, or that I.m even in a need to sell?

But "your" idea of a reasonable price isnt "reasonable" to them

Strange that it still was their idea on the 21st of May 2014, isn't it?

[Anthony5]

I have my house advertised on a well known classifieds site since Februari 2014. My property is in a favorable location and is priced to sell.

I received approximate 3-4 email responses each week and at least 1 interested viewer each week. Some returned more than once, and were financially strong seriously interested candidates.

Then D-Day 22 May came, and all of sudden people who were strongly interested informed me that they would look on for another year.

Between D-Day and early September, when I removed the property from the market, I received a total of 4 responses and 1 viewer, who thought everything is free in Thailand and everyone is desperate.

Early December I re-listed the property on the same sight and have so far received 1 response from a UK IP address, who had never seen the property, and asked if I wanted to sell at a 30% discount.

I hope this removes all your doubts.

That shows that your price is too high. At the right price it would sell in days. If a property has been on the market for a while potential buyers start to wonder what's wrong with it and wonder if they are paying too much. It's been on sale for almost a year. That always means the price is too high. "Priced to sell" means just what it says. Yours hasn't sold so isn't priced to sell. That's why the last offer was 30% below your price.

Someone who makes a price offer from overseas on an unseen property is a bargain hunter, nothing to do with valuation.

If the real cost to build a structure is X amount, then the value never can be X - 30%, it can be the price you're able to sell it currently because of circumstances but that has nothing to do with value.

You also missed my point. The property was on the market for 3 months only, and carried a healthy interest, when all of sudden on a particular day the interest dried up completely overnight. You will know what May 22nd means in Thai history.

I also have to admit that I misread the thread title, I was read it as " Is this the right time to advertise land?house for sale", which it is definitely not for the reason explained in my previous post.

I should also make clear that I removed the property from the market in September because it was sold at list price, but had to re-list it in December because the buyer failed to complete his mortgage approval. The property was valued in forced sale by the bank that would supply the mortgage at near the list price.

Currently there are simply no buyers at any price.

Thats not true its not SOLD until you have the cash, doesnt matter how much you spent on building a place its worth only what someone will pay, you could have put in gold taps and gold wallpaper and it could have cost you millions etc etc

Property is selling, if yours isnt its too expensive or at a price that there are only a few buyers per capita of population ie if its over lets say 10 million you will have a much smaller buyer pool than if it was 1 million. either that or what u want is not what a Thai buyer wants.

My Wife sells property and if her commissions are anything to go on shes doing bloody well.

People always assume their house is worth xyz when it isnt.

Did you notice that the house was sold early September but that the sale fell through because the buyer couldn't get his mortgage arranged?

We're not talking about gold taps, we're talking about a quality built house with quality materials in a good location, which is priced at building cost.

Of course your wife is doing well, lots and lots of properties on the market from desperate sellers who want or need to get out of here, and sell at any price.

At those prices there are always investors that pick up the properties at the bargain prices, but that is not their value.

Values of a property don't increase or decrease overnight. Investing climate does.Two different things in my book.

That the market is dead at the moment can be judged from the thousands of new built shophouses at prime locations that are standing empty everywhere, not only in tourist areas.

I posted in another thread that on road #36 near Ban Chang, at a corner at traffic lights with a huge industrial estate within 1 km, there is a row of 110 new and finished shophouses with a total of 6 occupied. This is just 1 example but there are many like this all over the place.

Does this mean their value declined since 7 months earlier? No it doesn't, it means the investment climate became less favorable.