Week 1 house hunting Kalasin

[Rc2702]

12 hours ago, pianoman said:

I was told by a Bank Manager here in Kalasin that homes / properties in default were placed into a separate "Holding" Companies. from the Parent Bank Company so that it did not show as a Negative on the Parent Companies books...  Once they have a Sell, the "Holding" Company will commence to clear out the old owners, prior to that they would rather have the property "Occupied" rather than Vacant...  And that it can take from a few months to a couple of years, but only if the defaulted owners have the financial wherewith all to pay an Attorney to fight the process thru the courts..  Let's face it, if they have the Knowledge and that much money, they most likely would not be in default in the first place...  In those cases, you would only have a small deposit tied up until the property is "Free & Clear"...

 

I think that the best advice offered here is the Rent and get to know the area prior to committing to any purchase..  I did that and spent many days riding around town getting to know the different areas in and around Kalasin...  And always look for and investigate any "For Sale"  and obviouslly Vacant properties..

 

Pianoman

Thanks. Would be great if you could be specific in regards to the bank so I can look at the differing terms in regards to vacant lots and each banks individual take on that responsibility. I have seen warnings by some banks that they do not take such action and is responsibility of the buyer.

[Rc2702]

1 hour ago, Michael Hare said:

Be very careful when buying an older second hand house. It will probably have asbestos materials in the form of roof tiles or in the ceiling gib boards.

 

http://www.thaiwebsites.com/asbestos.asp

 

 

 

 

Ok thanks so what is the solution should I find such instances. Replace the area etc?

[DILLIGAD]

Ok thanks so what is the solution should I find such instances. Replace the area etc?

Get someone else to do it!


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[pianoman]

8 hours ago, Rc2702 said:

Thanks. Would be great if you could be specific in regards to the bank so I can look at the differing terms in regards to vacant lots and each banks individual take on that responsibility. I have seen warnings by some banks that they do not take such action and is responsibility of the buyer.

The "Manager" that I spoke with was from Bangkok Bank Kalasin...  He has since retired and is no longer at the bank, but his personal residence was one property that I was considering, and so spent several visits to both his office and home discussing the market and the process...  Infact the land that I ended up purchasing is very close to his home that I was considering...  A neighbor of his told us about the property we ended up purchasing and then building on...  The area is mostly owned by Nurses, a Doctor, Managers or owners of various  businesses, and now a couple of police officers...

 

Along with Bangkok bank, I visited and then looked at properties from Kasikorn bank as well...  But that was 10+ years ago, and knowing Thailand, situations may have changed some over those years...

 

Pianoman

[DILLIGAD]

Yes. I'd guess their property portfolio has grown at an alarming rate!


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[maprao]

 
Did you read the post or just the headline? He's looked at that route.

Yeah I did
Check with the banks
They have vacant on possession properties.
No need to look at the occupied ones.

[Rc2702]

On 31/12/2016 at 0:44 AM, Get Real said:

By contacting the land and property office in the province concerned. See we do not always need to use Internet. A little common sense and a personal contact can sometimes show up to be perfect.

If you want info in english you can always contact a few of the real estate dealers and draw your own conclusions.

That was not actually my question and I have already visited the land office if that is L.e.d website we were referred to at the office in question. Your info whilst trying to he helpful is a bit a drip feed fashion. No offence but lack of examples and info helps me draw conclusions too. 

[Get Real]

19 hours ago, Rc2702 said:

That was not actually my question and I have already visited the land office if that is L.e.d website we were referred to at the office in question. Your info whilst trying to he helpful is a bit a drip feed fashion. No offence but lack of examples and info helps me draw conclusions too. 

Like I said, you can´t use Internet for this one. What else didn´t you understand?

 

[Rc2702]

11 minutes ago, Get Real said:

Like I said, you can´t use Internet for this one. What else didn´t you understand?

 

Maybe I have it incorrect regards to LED being the land and property office. I shall investigate.  To answer your question:

You advised the forum the valuation on a property I mentioned was too high and you proposed a valuation of around 1.2m.

I responded requesting info on how you arrived at valuation.

You responded with a formula.

I requested info on where I might find that formula being used.

You then advised the land or property office in any provence would be most useful and the Internet is not always the way to go.

 

I assume you are quoting figures provided to you as a result of a visit to the L&P office in kalasin? When approximately was the visit?

 

 

[Get Real]

11 hours ago, Rc2702 said:

Maybe I have it incorrect regards to LED being the land and property office. I shall investigate.  To answer your question:

You advised the forum the valuation on a property I mentioned was too high and you proposed a valuation of around 1.2m.

I responded requesting info on how you arrived at valuation.

You responded with a formula.

I requested info on where I might find that formula being used.

You then advised the land or property office in any provence would be most useful and the Internet is not always the way to go.

 

I assume you are quoting figures provided to you as a result of a visit to the L&P office in kalasin? When approximately was the visit?

 

 

Why w3ould I have to visit the land office in Kalasin? Theese numbers are well known and available all over the country. There the computer have a role. You are trying to use Internet for access Intranet, while people working can access their own place and give you a country spread information. Just quit now. My discussion with you is over. You just don´t want to understand, and that is not worth my time.

[Rc2702]

4 hours ago, Get Real said:

Why w3ould I have to visit the land office in Kalasin? Theese numbers are well known and available all over the country. There the computer have a role. You are trying to use Internet for access Intranet, while people working can access their own place and give you a country spread information. Just quit now. My discussion with you is over. You just don´t want to understand, and that is not worth my time.

Does anyone know the methods this man speaks? He has quit so if someone more helpful could advise or maybe it's some kind of ploy to grease him for a contact? If you are reading  quitter. Try to be helpful. When you drip feed data it looks a bit suspect. I could have wrote your whole input in 5 blinking sentences.  

[Tagaa]

From the date of your OP,  as well as the subject, I deduce that you have been looking since about Christmas. Keep looking. Not trying to be a smart ass, just trying to be helpful.

 

There is no real estate MLS here like you will find in Western countries. Out here in Issan, there are not many, if any, real estate sales companies. So, the only alternative is to keep looking. Someone, in a previous post, suggested you rent first. I think that's the best advice I have read on this forum in years. Find a rental house...your only real criteria is a water heater for the shower & a western toilet. If it doesn't have a kitchen (yes, I lived in one of those when I first moved to LOS) buy a refrigerator, a 2 burner stove top & a gas bottle and a clothes washer.

 

Spend your days driving around, looking, talking with other farangs in the area. Let it get around that you are looking for a house or land. People with crap land & houses will come out of the woodwork. You will have to look at everything & all the prices will be outrageous because you are a rich farang. I suggest land as then you can build what ever you want. I found and used a very good builder that lives in Khow Wong, so Kalasin is in his area of operation. If you want his info, PM me.

 

Anyway, it took me 5 months to find the place (land) that I was looking for. I found it by driving around and spotted a small sign nailed to a tree on a sort of main road a kilometer or 2 from the actual location. I looked at lots of crap, but TIT, you will do the same.   

 

This is not BKK, Pattaya or Phuket. You will not find what you are looking for in a few weeks, unless you are the luckiest SOB on the planet.

 

Be persistent. Seek and ye shall find.

Edited January 18, 2017 by Tagaa
clarification

[Rc2702]

On 18/01/2017 at 7:49 AM, Tagaa said:

From the date of your OP,  as well as the subject, I deduce that you have been looking since about Christmas. Keep looking. Not trying to be a smart ass, just trying to be helpful.

 

There is no real estate MLS here like you will find in Western countries. Out here in Issan, there are not many, if any, real estate sales companies. So, the only alternative is to keep looking. Someone, in a previous post, suggested you rent first. I think that's the best advice I have read on this forum in years. Find a rental house...your only real criteria is a water heater for the shower & a western toilet. If it doesn't have a kitchen (yes, I lived in one of those when I first moved to LOS) buy a refrigerator, a 2 burner stove top & a gas bottle and a clothes washer.

 

Spend your days driving around, looking, talking with other farangs in the area. Let it get around that you are looking for a house or land. People with crap land & houses will come out of the woodwork. You will have to look at everything & all the prices will be outrageous because you are a rich farang. I suggest land as then you can build what ever you want. I found and used a very good builder that lives in Khow Wong, so Kalasin is in his area of operation. If you want his info, PM me.

 

Anyway, it took me 5 months to find the place (land) that I was looking for. I found it by driving around and spotted a small sign nailed to a tree on a sort of main road a kilometer or 2 from the actual location. I looked at lots of crap, but TIT, you will do the same.   

 

This is not BKK, Pattaya or Phuket. You will not find what you are looking for in a few weeks, unless you are the luckiest SOB on the planet.

 

Be persistent. Seek and ye shall find.

Thanks for your post Tagaa.

 

Ok so been a while since my last update on this but I have been looking although not as confidently where used house purchases are concerned.

 

The last 2 weeks I have focussed my attention on specific areas and have made a few enquiries.

 

What I find hard to understand is house prices in khon khaen seem to be better value than kalasin and for me that's painful value wise. Even my pharmacist in kalasin is advising me KK is a much better option!

 

I am renting at present and have been here since May and with a baby on the way. I am resigned to staying put until the little chap is 6 months+ but I have to say from what I have seen kalasin seems heavily over priced and KK appears a more attractive option. Just today I bumped into a chap I know who has been renting for 4 years and seems disillusioned with the market here in this tiny city 80km away from the nearest airport and train station. Just that alone convinces me but I am not just me anymore so I have to take her indoors into consideration along with this new addition.

 

The level of empty new build shops is also staggering.

 

 

 

 

[Tagaa]

Prices here seem to have no basis in reality. It's just based on what they want. I think they all subscribe to the greater fool theory.

 

Example: There is a piece of land (small) next to me that I wanted to buy to enhance the placement of the home to take more advantage of overhangs to keep more sun off of the structure. I (she) inquired about it and was able to locate the owner. It was for sale but the word had already gotten to him that a farang was going to buy the land next door. So,  naturally we got the reply of an outrageous price NOT NEGOTIABLE. Needless to say I didn't buy. So, after the columns and floor framing are already done, a neighbor comes over & says he now is negotiable on the price. I pointed at the construction & told them "to late" as I wanted the land so I could build the house on both pieces. I've not grinned so big since I've been here.

 

Anyway, years have gone by and it's still for sale & overgrown with weeds & a few scrub trees. I thought it would be nice to plant some avocado trees, so we talked to him again about a 30 year lease or purchase at a reasonable price. "NO...ONE MILLION Bt...NOT NEGOTIABLE."  It's still for sale and probably will be until I die. Maybe I should just plant the trees anyway. Nobody around here knows what an avocado is but me, and if I plant 4 or 5 of them in the back of the lot and don't plant them in a row, the villagers won't notice.

[meatboy]

trying to find a pc.of land in a favourable place,taking into account,noise,dogs,position ect.at a reasonable price,you have to be very lucky,or very unlucky by buying a dodgy plot.

i live on a quiet mooban only 50house's but land that the house's are built on is fetching around 15,000bht.a sq.wah.if you want not to be in your next door's ground then you will need 80-100sq.wah. that alone is 1.2-1.5million alone.

i wanted a quiet life so bought 2plots total land was 2.4million.170sq.wah.

here in korat there are plenty of properties for sale,a nice 2-3bed.bungalow around 1.8-2.5million and that includes the land.

we have been looking for a piece of land for the wife to build on when i go to ?

but you are up against it from the off.

so i am glad i didnt go the route of having one built while on site.

think about it.

[CGW]

On 12/31/2016 at 7:39 PM, Michael Hare said:

Be very careful when buying an older second hand house. It will probably have asbestos materials in the form of roof tiles or in the ceiling gib boards.

 

http://www.thaiwebsites.com/asbestos.asp

 

 

 

 

I would be Very very cautious buying a old Thai built house period! the standard of construction now is not good, years back it was plain atrocious, sure you can remodel if you want to be 'comfortable" but from a lot of the older Thai houses I looked at would have been easier just to bulldoze the existing structure and start again!

Edited January 21, 2017 by CGW

[Rc2702]

On 21/01/2017 at 9:23 AM, CGW said:

I would be Very very cautious buying a old Thai built house period! the standard of construction now is not good, years back it was plain atrocious, sure you can remodel if you want to be 'comfortable" but from a lot of the older Thai houses I looked at would have been easier just to bulldoze the existing structure and start again!

Where we have looked I would say the construction us very good but I think I know what you mean  houses built by families to save cash etc. Yes they need closer inspection and I too agree if the location was good but the house construct bad. Start again and bulldoze it. I explained to My Mrs there seems little point to settle in kalasin so whilst I like the place I do not think it's a smart move to buy here. Khon kaen next stop. Fancy 10-15km out the cc.

 

Thanks for all your input.