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When looking to property for sale in Thailand, the buying process can be a drawn out, frustrating and protracted one, but with the right help and advice it can be made a lot easier. The first port of call, as always before you even short list any propeirs for sale in Thailand, is to employ a local trusted lawyer to help with all dealings – the lawyer can help with the land lease or setting up a company, whichever route the buyer decides to follow.
Once the manner of purchasing a property or land has been decided upon and sorted, the whole process becomes a lot more straightforward. Once a property has been chosen from your short list of properies for sale in Thailand, a pre-contract agreement is signed and a deposit of around 15 to 20 percent is paid – once this has been carried out the lawyer can finalise checks on the property sale, making sure it is being sold legally, that there are no structural deficiencies etc. After all checks have been carried out and sale documents finalised, the contract signing can be carried out and all outstanding fees are paid in full, including lawyer and notary fees, as well as any taxes levied.
Lawyer, notary and estate agent fees vary, and taxes usually come to around nine percent of the total cost of the property. Due to the recent change in the political climate of the country, potential off plan property investors in Thailand are highly recommended to seek in-depth information before pursuing any purchase of a property.
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