Buy studio mandatory transfer total amount

[rgrdns]

Hi all,

 

I'm retired and would like to buy a studio is it mandatory to transfer the total purchase price from abroad or can I use partly from my saving account here in Thailand?

 

 

Regards

[trogers]

Depends on the assessed value of the unit by Land Office.

 

Second hand properties are usually assessed at only 50-60% of the sales price. You need an FET to cover only the assessed price.

[rgrdns]

5 minutes ago, trogers said:

Depends on the assessed value of the unit by Land Office.

 

Second hand properties are usually assessed at only 50-60% of the sales price. You need an FET to cover only the assessed price.

Yes it's second hand ...what's a FET?

 

[trogers]

Just now, rgrdns said:

Yes it's second hand ...what's a FET?

 

Foreign Exchange Transfer, a certificate issued by the receiving Thai bank of your foreign funds sent into Thailand for the purpose of purchasing the condo.

[rgrdns]

5 minutes ago, trogers said:

Foreign Exchange Transfer, a certificate issued by the receiving Thai bank of your foreign funds sent into Thailand for the purpose of purchasing the condo.

OK

 

So I better go myself to land office and find out the assessed price of that particular unit....do they issue a official statement doc.?

[trogers]

18 minutes ago, rgrdns said:

OK

 

So I better go myself to land office and find out the assessed price of that particular unit....do they issue a official statement doc.?

Fill in the enquiry form and get an official reply.

[rgrdns]

1 hour ago, trogers said:

Fill in the enquiry form and get an official reply.

Will that be a immediate reply or send?

[trogers]

1 minute ago, rgrdns said:

Will that be a immediate reply or send?

Wait for 15-20 mins...

[rgrdns]

1 minute ago, trogers said:

Wait for 15-20 mins...

Many thanks 

[rgrdns]

I just learned that one use his savings whole are partly from Thailand to buy property he must proof there's tax been paid on....is that correct?

 

 

[trogers]

10 minutes ago, rgrdns said:

I just learned that one use his savings whole are partly from Thailand to buy property he must proof there's tax been paid on....is that correct?

 

 

Your foreign funds to cover the assessed value. Any balance to meet the sales price can be paid by money here to the seller. The Land Office don't care to see that balance.

 

It's between you and the seller.