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A Guide To Selling Your Property In Thailand 

A Guide To Selling Your Property In Thailand 

If you are looking to invest as an expat or high-net-worth individual, which is what I specialize in, you can email me (advice@adamfayed.com) or use WhatsApp (+44-7393-450-837).

We have helped several people who have sold their assets invest for income and accumulation.


If you prepare beforehand and have the help you require, selling your property in Thailand may be a straightforward procedure. You should have all the information required to secure a sale because the Thai market might be very competitive.

This list of actions should be kept in mind while you prepare for and carry out the sale of your property in Thailand.

10 Simple Steps to Selling Your Property in Thailand

1. Understand the reason why you are selling your property in Thailand.

You must be aware of your motivations for selling your home. Are you moving into a larger residence? Do you have to move to a new town or nation? Or are you looking to sell off this home as an investment?

In addition to being a commercial transaction, selling your property in Thailand may be an emotional one. This is particularly valid if you’re selling the house you’ve been residing in.

Your assessment might be impacted by personal ties and recollections, which could lower your asking price. Your ability to rapidly locate a buyer may be impacted by how well or inaccurately you estimate the worth of the property.

You may speak with a reputable expat advisor in Thailand who can assist you, if necessary, change your expectations.

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Property in Thailand

2. Decide when you want to sell your house.

You should choose your time-frame for the sale in addition to your reasons for selling your property in Thailand. The selling price may change if you have a pressing need to sell. You could have to accept a lesser price for a quick sale, depending on the market.

To receive the highest price for your house, you should aim to allow yourself as much time as you can. This can involve any particular preparations you need to make, such leaving the house empty or performing any required repairs or modifications.

3. Set the right asking price.

Setting your asking price must come first. You may look at previous sales of condos in your building or other nearby condos that are comparable to yours to get an idea of how much you should ask for your condo. You might also use a local assessment company to assess your property. A broker or an agent can also assist you with the cost.

When determining the asking price, be sure to leave room for a reserve price, which is the lowest amount you will accept for the property.

4. Consider the taxes and related costs.

You should factor in the taxes and costs you will incur when determining your asking price. The market value of comparable homes is a good place to start, but you should also take into account additional expenditures, such as your relocation charges (should you have to leave the house), as well as any improvements or additions you may have made to the property.

5. Consider the taxes on a freehold property in Thailand.

You must cover a number of taxes and fees before your transaction may be completed. In some circumstances, you can work out a deal with the buyer to divide these expenses. Your broker can assist you in resolving this. They consist of:

  • Withholding tax: For corporations selling their properties, the tax is 1% of the higher of the assessed value or the sales price; for individuals selling their homes, the tax is based on a progressive tax rate depending on the government-evaluated value of the home.
  • Stamp duty: 0.5 percent of the property’s actual sales price This only applies if you are exempted from business tax.
  • Transfer fee: 2% of the property’s appraised valuation by the government

6. Make necessary improvements to the property.

You must make your house appear better than the competition if you want to sell it quickly and yet receive the price you desire. Because it is more attractive and makes the best impression on potential buyers, showcasing your real estate at its finest helps you receive the maximum market value possible. Sometimes the simplest gestures have the biggest effects.

If a space seems gloomy, you might want to find a means to add or provide more light. Changes to the fixtures and knobs may add flare, and a new coat of paint conveys care and maintenance, which purchasers will associate with the entire house.

7. Search for a Real Estate Agent or Broker.

Whether you require a professional property service, such as hiring a real estate agent or broker, is something you should carefully examine. You can locate a buyer more quickly and easily by working with a seasoned agent or broker, whether they are local or abroad.

This is a result of their improved market access. In order to save you time when responding to ad hoc queries, they may also assess potential purchasers. A broker or agent should also be able to help you with the negotiation and offer insightful advice so you can receive the greatest deal on the property.

In Thailand, real estate brokers often charge a fee of up to 3% of the purchase price for their services.

8. Enlist your property for advertisement.

You should publicize your property whether or not you use an agency to sell it. Make careful you reserve the right of selling your property in Thailand on your own if you employ an agent, and avoid signing a contract with an infinite time frame.

Listing your home on online property portals is one of the finest methods to promote it. Considering that these websites often have a larger audience, they will provide you far more publicity than just placing a “For Sale” sign outside your house.

Use high-quality images to make your home stand out while listing it. Property with appealing images will get greater interest.

9. Prepare and sign the Purchase Contract.

Negotiate the conditions as soon as you identify a potential buyer. These include the agreed-upon price and the products that are included in the transaction. When all parties agree, a purchase contract should be drafted.

All parties are free to enter into any agreements as long as they do not violate public morality or the law since Thai law upholds the broad idea of contract freedom.

The contract should cover everything that comes with the home, including furniture and appliances. The contract should also mention any liens or obligations you have against the property.

Additionally, it is advised to provide complete and honest disclosure of all physical features of your property and to make sure that the sale and purchase agreement makes this obvious. Although there is no legal necessity to do this, doing so might assist avoid any future issues that could arise.

The acquisition agreement should be signed by all parties. In Thailand, the notarization of documents is not required by law. All copies of papers must be acknowledged as being exact replicas of the originals by being signed.

The agreement may be drafted by the agency, the seller, or the buyer.

A Guide To Selling Your Property In Thailand 
Sign the Purchase Contract

10. Close the deal.

It’s time to finalize the deal when the seller and buyer come to an agreement and create the purchase contract. If a lawyer was retained, the seller and the buyer might meet at the lawyer’s office or the real estate office to sign the necessary paperwork. Additionally, you must go to the neighbourhood Land Department office.

The paperwork needed at the time of the sale depends on the kind of property you’re selling and the ownership structure. A lawyer is essential if a firm is involved since there is a lot of documentation that must be completed.

Some of the required documents at the time of sale include the following:

  • Land or condo title deed.
  • House Registration Document (Tabien Baan) if applicable.
  • Passport or ID car.
  • Any relevant tax, warranty, and documents that relate to the property.
  • Power of Attorney form if applicable.
  • Purchase agreement.
  • Foreign Exchange Transfer form from the bank (for condominiums).
  • Documents that state the percentage of foreign-owned condos in the building is less than 49% (for condominiums).
  • Marriage or divorce certificate if applicable.
  • A document that states that there are no outstanding maintenance fees owed.

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Adam is an internationally recognised author on financial matters, with over 760.2 million answer views on Quora.com, a widely sold book on Amazon, and a contributor on Forbes.



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