How will I pay my property?


Posted March 5, 2020 by TownCountryProperty

In some projects, a phased payment plan has been established because the property is not ready to move in and the payments suit the development of the land.

 
Although there's no fixed rule, most payments are the same. First, when you register in Thailand, you leave a credit card or cash deposit. Many vendors will say this money's non-refundable,' so if you change your mind, you'll lose this deposit. This is mostly 10% of the sale price to 50,000 or 100,000 THB. This is a reservation fee, but not legally binding. For at least 14 days up to 1 month, the seller will keep the property for you and not sell it to another buyer. After that point, you are supposed to pay 20-50 percent of the selling price via bank transfer from your country to Thailand's seller's account. About 25 percent will be paid later and a complete 100 percent will be charged when the title is turned over.' In some projects, a phased payment plan has been established because the property is not ready to move in and the payments suit the development of the land.

Will I pay a property agent fee? No, you don't have to pay the agent because the seller pays it directly to the agent or broker. Mostly in Thailand, the normal commission is 3%, but some owners and developers bid 5% more to encourage agents to sell their property. The seller pays the agent's fee because the agent's marketing effort to find the buyer. Although you don't pay the agent directly, when you buy from him, he'll take care of you.

Check on http://www.towncountryproperty.com
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Issued By Town & Country Property Co.,Ltd.
Country Thailand
Categories Business
Last Updated March 5, 2020