Reality Estate

[thaimee]

Anyone from Pattaya bought a house at bank auction or have viewed the property auction which takes place time to time, if so what are your thoughts on the following questions;

Q: Is the opportunity to purchase a condominium or house/ building at reported below market value genuine?

Q: It's rumoured when you've bid at an auction and come to pay the full monies they forget to mention hidden debt of the previous owner which you are liable to pay if purchasing, is the practice common place?

Q: What would be the current thinking on purchasing a property in the current market which has seen this year alone property prices soar fifty percent, would this be the window of opportunity for buying?

any thought's on purchasing at auction or other are most welcome, Thaimee.

[astral]

1. Cannot comment

2. All debt relating to the property have to be registered on the reverse of the

Land Reg Document, and must be cleared before any transfer takes place. Make sure you have a Thai friend to help you read any such information.

I would think it reasonable to ask to see a copy of the Bai Chianote before bidding,

after all you want to check the size of the land etc.

3. Proces are rising all along the Eastern Seaboard and will probably continue to do so, as the opening of the new airiport approaches

Happy hunting