Buying Thailand Property Online

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Posted by Continent Property on September 22, 2022
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How Can You Buy Property In Thailand Online?

Thailand’s property market is a booming industry with plenty of great opportunities for the right investors, with more and more people each year considering buying Thailand property online. Thousands of potential Thailand property investors flock to the Land of Smiles each year to find their dream homes. What happens if you want to buy the house of your dreams in Thailand but are unable to travel? This is where you explore the option of buying Thailand property online.

The emergence of Zoom, Skype, WhatsApp and Facetime has made remote communication easier than either and opened the doors to be able to view a property from thousands of miles away and still get a great indication of whether or not that property is for you. There are a few things to consider though when going through the process of buying Thailand property online, so let’s go through some of the key things to consider.

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A guide to buying Thailand property online

Research The Property Investment Area

The most common places for foreigners to come and invest in Thailand property are places like Phuket, Bangkok, Pattaya, Krabi and Samui as these areas tend to cater better for foreign nationals. You should always do proper research on the area you’re looking at investing in though if you are unable to travel.

What are the infrastructure and the amenities like? Are there good schools available? Is there a beach? These are just some of the questions you should as and find out the answers to. There’s no point in finding a dream home located in the middle of nowhere if you still want to be in the thick of it with plenty of activities available for you.

Know What Kind Of Thailand Property You Want

Thailand has a strict foreign ownership rule when it comes to property and the most important thing to know is that legally, you cannot own land. This makes buying a ground property in Thailand (Townhouse or Villa) much harder. If it’s a condominium that you’re looking to purchase, your options will be enhanced.

Find The Right Thailand Estate Agent

There are many different real estate agents in Thailand, often with the same properties on their books. Some of them work privately for certain developments also and they’ll tend to push you towards ‘preferred’ developments, even if they don’t quite meet your needs. So it’s important to research your estate, look for Google reviews and testimonials, see how they’ve handled previous purchases and also investigate whether they’re handled online Thailand property purchases before.

Keep the communication lines open when buying Thailand property online

Keep The Lines Of Communication Open

If you’ve decided to buy a Thailand property online, you’ve already committed to parting with a large sum of money to buy something you can’t physically enter. Whoever is in the middle of that purchase should be available to communicate when needed. Ask as many questions as you need, regardless of how big or small they are.

Do Your Due Diligence On The Development

It always pays to spend a little extra to make sure that the development that’s caught your eye is above board and is building a quality building. This is most important when it comes to buying property Off-Plan and you’ve been able to see our video walkthroughs and rendered images of what it will look like upon completion. You could save yourself thousands of dollars in the future by performing due diligence early.

Get Photos And Video Walkthroughs Of The Property

If you’re physically unable to be in Thailand during the purchase process, it’s important that you can see as much as you can of the property. Your Thailand real estate agent should be able to provide you with regular photos and video walkthroughs of the construction or completed property. Get close up photos of fixtures and fittings to make sure the finish is done property and the installation is good quality.

Get Regular Updates Of Your Thailand Property

This is especially important if you’re buying Thailand property Off-Plan. You’ll want to receive regular updates on how the construction is going and if it’s progressing at a good speed. Your agent should be able to give you more confidence in the project, and peace of mind, with regular updates.

Always Use A Reputable Lawyer

Last on the list but something that should always be considered first is using a reputable Lawyer to deal with the purchase procedures. You will need someone in your court to handle the contract aspects of any Thailand property sale if it’s purchased online. A good, competent lawyer will be able to ensure that you get the best deal and that your purchase contract is watertight.

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