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I NEED SOME HELP want to buy a house in thailland


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GUYS I AM IN THE US ARMY NOW.I THINKING ABOUT BUYING A PLACE IN PATTAYA,I WANT TO PAY IT OFF.BEFORE I RETIRE,I AM 32 NOW BUT I WANT TO RETIRE  IN THILAND,CAN ANY ONE  TELL ME WHAT I WOULD HAVE TO DO TO BUY A PLACE THERE.CAN FOREIGNERS BUY A PLACE AND CAN THEY GET A HOME LOAN????  THANKS

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When I was in Pattaya last December, I stopped in a real estate office and asked if a foreigner could buy a house. I was told I could if I set up a corporation and had the title in the corporations name. They would help me with the purchase and recommend an accounting firm to handle filing the annual corporation return.

 

They said I could buy a condo in my own name.

 

I hope this helps but make sure you check it out for yourself when you go for a visit.

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I would recommend against buying a house in Pattaya. If you want to own a place a condo is the way to go. You can find several good buildings within the city that are well run and offer great services.

 

You will have a hard time getting a loan for your purchase.  One of the documents you need when you purchase a condo is a statement from the bank showing that the money came from outside of Thailand.  Condos can be had for 500,000 baht to several millon baht per unit.

 

One of the buildings I like is Markland on Soi 2. Markland is made up of about 270 condos and about 200 hotel rooms. Because it is also a hotel the full time hotel staff and management is in place. But the condo owners out vote the hotel units so everything is in check.  Prices are not cheap here, ranging from about 1.5 millon baht to about 8 millon baht.

 

A good thing about a condo is you can leave it for several months and it is safe. If you have a house you would need to hire someone to check it every so often.

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