Thai Law Videos

Tamarind Hills | Intro Phuket apartments are defined as multiple dwellings within a single building, they are otherwise commonly known as flats, units or condominiums. The big difference between apartment and condo properties is in the actual ownership of the Phuket property. Thai law forbids foreigners owning land but has special laws allowing up to 49 per cent of a condo development to be sold with freehold titles to foreigners, whereas Phuket apartment projects offer only a 30 year lease with the option of two 30 year lease extensions. In Phuket apartments sometimes refers to upmarket condominiums, in many instances the only difference is the price, related to location, style and facilities. Phuket has two types of luxury apartments, those affiliated with international brands, such as Laguna on Bang Tao Beach and those developments with local brands, such as Royal Phuket Marina. There are thousands of Phuket apartment blocks available to buy or rent either long or short term with the majority being found along the West Coast, the South, Phuket Town, and now the central areas of the Island. Prime locations for condos in Phuket include the South hotspots of Patong, Karon, Kata and East western coastal areas such as Layan, Bang Tao, Surin and Chalong. The tropical lifestyle many are seeking in Phuket no longer comes cheaply, and condos near the popular beach areas are in high demand with foreign investors and expats. Phuket is well established in the foreign investing property market, which has resulted in a large number of experienced real estate companies supported by good English speaking agents. Buying a condo in Phuket is more practical for buyers who want to retire here as well as buying to rent out their property. Phuket apartments that are serviced apartments have good rental returns, and are popular with visitors, particularly family groups with good facilities that have more space, and features than a comparably priced tourist hotel. Unlike other places in Thailand, many of the superior condo projects in Phuket are almost entirely made up of foreigner tenants and their expectations for professional management are high. But do your research carefully and make sure there is a proper building maintenance program and maintenance fees will be duly collected. This should not be a issue when dealing with reputable companies, but there are many potential pitfalls that unsuspecting Phuket apartment buyers could face. To find the good companies visit www.phuketpropertydirect.com. ShareThis

Tamarind Hills | Unit A When looking for Phuket Property for sale, it is important for buyers to find a good real estate agent to help them. Under Thai law, a real estate agent is only responsible for introducing you to a seller, and from that point on the seller must pay the agent a commission when the property is sold. But you should be looking for an agent that will go the extra mile to help find the right property, so choosing a good real estate agent is important. A good agent would guide you through each step of a property search, first to find out exactly which properties you are interested in, the budget you have available, take you to view properties, deal with sellers on your behalf, helping you get all the paperwork done legally, and looking after you even after you have finished your purchase with any questions or help to find additional services you might need. Property sellers in Phuket will list their properties with as many agents as possible, and as most agents will have access to sell the same properties, it is not good sense to run from one agent to another to get a better deal. Agents do appreciate customers who are loyal to them and will work hard to find the right property for you, but this is not going to happen if the agent finds out you are dealing with other agents as well. In general, your agent will not tell you where a property is located until they have taken you to introduce you to the owner or building manager, so that the seller knows you have retained the agent to represent you. Allow your agent handle the negotiations with the owner, trying to negotiate a deal on your own can be very difficult, especially if you don t know Thai law or the Phuket Real Estate market. For any questions, ask your agent first as often they will already know the answer or know where to get it for you. A good agent will spend as much time and effort as needed to ensure that satisfied buyers are matched with the Phuket property for sale. To help you find a good Phuket Real Estate agent, visit www.phuketpropertydirect.com. ShareThis