- Reach out to us! We'll start with a personalized consultation to understand your needs and then guide you through the entire buying journey, from finding the perfect property to legal completion.
Q: What are the legal requirements for foreigners buying property in Thailand?
- Thai property law can be complex for foreigners. We provide detailed information and guide you through all necessary legal procedures for a smooth and compliant purchase.
Q: How do I determine the fair market value of a property?
- We utilize a multi-faceted approach, including comparative market analysis (CMA), which involves analyzing recent sales of similar properties in your area. Our agents also factor in current market conditions and property-specific details to provide a precise valuation.
Q: What is the process for selling my property with ROOF21 Real Estate?
- We'll guide you through the entire process, from initial property evaluation and market analysis to effective marketing, conducting viewings, expert negotiation, and a smooth closing, ensuring you achieve the best possible price.
Q: What are the typical closing costs involved in a property transaction?
-Closing costs in a property transaction can vary. Here's a breakdown:
Included in the Purchase Price:
Deposit: This is usually part of the total purchase price and is paid to secure the unit.
Transfer-Related Costs:
- For properties owned for less than 5 years, the transfer fee is 6.3% of the registered sale price. This is often split 50/50 between the buyer and seller, but it's negotiable.
- For properties owned for 5 years or more, the transfer fee is 2% of the registered sale price, and stamp duty is 0.5%. It is common that these transfer fees are equally shared between the seller and buyer.
Business Tax: If the property has been owned for less than 5 years, there is a 3.3% business tax.
Additional Costs:
Maintenance Fee (Common Area Fee): This is charged per square meter and typically paid yearly or upfront for a set period.
Sinking Fund: A one-time payment for new projects, contributing to future major repairs and maintenance.
Down Payments: Required for new condominiums under construction, paid in installments according to the developer's schedule.
*Please note that the above information is subject to change. For the most up-to-date details regarding property transaction costs, please contact us directly.*
