MickeyMaow Posted October 10, 2016 Share Posted October 10, 2016 How would you go about finding out what a piece of land is really worth? Link to comment Share on other sites More sharing options...
cornishcarlos Posted October 10, 2016 Share Posted October 10, 2016 Land is worth what someone is willing to pay for it. There are obviously lots of variables ie location, land title, water/electric, local amenities etc Banks will under value land and locals generally over value their own land. See what similar plots are being advertised for, average them out and then knock off 10-15% for a more realistic figure !!! Link to comment Share on other sites More sharing options...
Bulldozer Dawn Posted October 10, 2016 Share Posted October 10, 2016 It is very difficult because most of the sales are between individual Thais with no centralised reporting. What you can do however is review the property listings offered by Thai banks, and then do a search for land in the area or province you are chasing. At least then you can get a realistic ball park figure. Below is a handy webpage that links to the current property listings for all Thai banks. Property Listings For All Thai Banks Link to comment Share on other sites More sharing options...
Bill97 Posted October 10, 2016 Share Posted October 10, 2016 Don't think advertised or asking prices are that good an indicator. Guy down the street is asking twice the price neighbors find realistic. Link to comment Share on other sites More sharing options...
evenstevens Posted October 11, 2016 Share Posted October 11, 2016 been down this road some 13 yrs ago,and would say its the same scenario the owner would have a way over the odds price tag,and in most cases would increase it annually or there abouts in my case,Beverly Hills Maerim, the owner initially asked for a 1 million baht rai, i returned fire with 400.000 baht bid,which was flatly rejected some 6 months later received a phone call from the owner accepting my bid, and would pay all taxs involved BUT E/S had to fish the land titled deeds out of his bank,as he had taken out a loan on the land and could not meet the repayments, hence a quick deal was needed,etc etc the land these days would fetch around his asking price plus more all those yrs back the key to being not ripped off, is to scout around , and make offers which you feel are ball park figures,then sit back and smoke a pipe sure that most land owners will lead you a merry dance, until one is under pressure to sell at the market price Mickey enjoy the dance, you will learn all the mechanics very quickly, and take your time cobber, and enjoy it ,as E/S did, best of luck its a Kinks good morning to all Link to comment Share on other sites More sharing options...
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