- Saturday, April 20, 2024
By: Eastern Eye Staff
When purchasing land and property in Thailand, having a real estate agent and lawyer representing you is not a legal requirement. That said, we cannot understate quite how important it is. In this article, we’re going to highlight why it is so valuable and how it can benefit you by doing so.
You may be a property purchasing veteran in your home country, but things are very different here in Thailand. Traversing an unfamiliar market without any prior knowledge is difficult – not to mention the language barrier!
Purchasing property in any country requires that you do your due diligence; even more so in a market that is alien to you. With the proper representation, they will cover all of the necessary checks including the land itself, the developer, and the sales contract. They’re also well-versed in sniffing out the inequitable, which can save you a lot of trouble dealing with the wrong people.
Again, it isn’t a legal requirement and you are more than welcome to try and purchase land and property without legal representation – or even a real estate agency to assist you. However, by hiring professional assistance, you will be saving yourself a great deal of time and effort.
Can you imagine having to go and get every document professionally translated before you sign anything? Having to read up on Thai law just to make sure that you are not being taken advantage of?
Navigating the complexities of the Thai property market alone is doable, but if you wish to avoid any mistakes or pitfalls, you’ll have to be excruciatingly thorough in your personal research.
Unless you are fortunate enough to be fluent in Thai, negotiating can be difficult. With a real estate agent behind you however, it will be much easier for you to negotiate more attractive offers with your prospective deals.
They can also brief you on Thai etiquette and help make the process as amicable as possible. When you can leverage the experience of a Thai real estate agent, you will be unstoppable in the property market – particularly when it comes to maximising gains from foreign property investments.
Reputable and established real estate agents will have all of the necessary connections to locate and secure you the finest land and property opportunities. Take the land for sale from DD Property as an example: desirable locations and realistic prices that would be otherwise difficult to secure by yourself.
