How to buy a house in Thailand

Why look for Thailand property?

Thailand is a diverse and colorful country that is the home of a booming tourist industry. This is why many foreign investors will want to get a home in Thailand.

Here are a few useful tips to bear in mind when purchasing Thailand real estate:

1. Consult a registered Thai lawyer

A registered Thai lawyer can help you if you're a foreigner who does not understand how the local real estate market works. With Thailand homes for sale, you will require legal advice from an expert.

They are going to explain local real estate laws and ensure that any language barriers you encounter isn't going to prevent you from understanding your contract. Using the services of Thai lawyers is a smart move because they're useful sources of information and expertise.

Avoid becoming one of those businessmen that buy properties in Thailand without familiarizing themselves with the procedures. With a real estate agent at your side, you are able to avoid any legal problems while safeguarding your property.

2. Understand the Thailand Amity Treaty

Foreign investors must follow a standard procedure in accordance to the Thailand Amity treaty. They will need to confirm the rules concerning corporate taxes prior to becoming owners of any commercial property.

3. Consider the rules and regulations when you look for Thailand homes for sale

Foreign investors must always do their research and fully grasp local real estate policies and regulations before buying a Thailand property. Thai residents will be able to register property ownership under residential purposes. There are specific limits for foreigners.

Foreigners can only own 1 Rai or 0.39 acres. For those who wish to put up a business, their investment needs to be around 30 million Baht or 1 million US dollar. The 'Ministry of Interior' will need to approve all of your documents

4. Check rules on Visa regulation and fees on taxes and property transfers.

Again, a Thai lawyer can help you understand Visa regulations of Thailand. Knowing how long you want to stay will allow you to enjoy your property without any hassles. Understand the taxes and transfer fees before getting the deed of ownership.

5. Select reliable homebuilders with a good track record

A good broker can protect your interests. This person will make sure that the rates and prices you're quoted fall within industry standards.