The number of Europeans who are looking to relocate to sunny Thailand is growing year by year, some to escape the freezing winters, while others are unhappy with the way things are in their home country. Retirees choose Thailand as their second home, dividing their time between home and Thailand and if you are looking to buy a condo in the paradise that is Pattaya, here are a few tips from leading real estate agents.
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Personal referrals
If you know someone who lives in a condo development that you are interested in, you could ask them for their honest opinion and if you get a thumbs up, that would warrant further investigation by viewing available units and touring the complex, making note of amenities.
Maintenance fees
The total cost of managing the development is divided by all unit owners; maintenance fees might be collected monthly, quarterly or annually and you should find out precisely what that fee covers.
Check the agent’s credentials
That luxurious Jomtien Beach condominium for sale from a leading Pattaya real estate agent that you are interested in should be reason enough to check that the real estate agent has all the right affiliations. In order to become a member, the agent must demonstrate fair business practices and a level of transparency, which are important from the client’s perspective.
Calculate all costs before making a commitment
There are, of course, costs associated with acquiring real estate and you should calculate the total cost of the acquisition, to be able to make an informed decision. The agent would have fees, plus you have to pay the Thai government duties on the purchase, then there are legal fees for conveyancing and let’s not forget moving costs. If you are looking to buy a house in Bangkok, click here.
Don’t rush to make a decision
It is very much a buyer’s market, with many condo developments in Pattaya and the surrounding area. Once you have viewed a unit, ask the agent about alternatives that meet your requirements and you might come across a unit that really does tick all the boxes.
Look for a prompt response from the real estate agent
Once you leave a message on a real estate agent’s website, you should expect a prompt response and you should have a feeling that you are important. The agent should be able to arrange private viewings at your convenience and provide you with all the data you need to make a decision, while also advising you on legal matters.
Transferring funds
The Thai government requires that foreigners show evidence of the origin of the funds; so you need to produce documentation to show that the money to purchase the condo came from abroad.
Buying a condo in Pattaya is a good long-term investment that will pay big dividends, whether you plan to live there or rent it out to tourists and with the help of a local real estate agent, you can find the condo of your dreams.
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