buying a Thai villa as a foreigner

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zest123 Active member

Member since 16 January 2016

zest123Active member03 June 2021 12:03:37

Someone said to buy a villa using a local thai's name n to make him

a) sign a debtor note indicating that he owes you money to the tune of the villa's value n will have to repay this debt if he intends to sell the villa
b) pre-sign property transfer agreements so that you can sell the villa without his presence in future if desired
c) sign a note stating that all his family members cannot lay claim to the property if he passes away ...

Wonder if this will work聽 ...

Leeds forever! ViP

Member since 22 June 2021

Leeds forever!ViP29 June 2021 09:41:22

1610

Stay away from making deals with local Thai people if it comes to contracts etc etc. You will always lose.

Jinny69 New member

Member since 29 July 2017

Jinny69New member29 June 2021 10:04:39

You can register the company and buy with company's name. This is how most the foreigners do.聽 Consult with the lawyer too.

zest123 Active member

Member since 16 January 2016

zest123Active member08 July 2021 04:08:32

Leeds forever! wrote:
Stay away from making deals with local Thai people if it comes to contracts etc etc. You will always lose.

Thanks for the guidance

zest123 Active member

Member since 16 January 2016

zest123Active member08 July 2021 04:15:31

Jinny69 wrote:
You can register the company and buy with company's name. This is how most the foreigners do.聽 Consult with the lawyer too.

Thanks, understand some foreigners who bought villas using the company route lost them in law suits聽聽..
Buying a condo can be a problem as people have complain that the condo will quickly go into disrepair after a few years when you have residents not paying the condo maintenance fee n that many condos have poor sound insulation

Someone suggested that I buy property in my own country or in a country that i could legally own it n use the rental proceeds to go rent a place in Thailand instead ..
Looks like i might just be forced into doing so聽 ...

Hugz Member

Member since 09 July 2021

HugzMember09 July 2021 20:54:26

You should also be aware that it is illegal to own a company solely for the purpose of buying land. They can and will take your property if you upset them in any way. It鈥檚 not worth the risk of losing your hard earned money.

zest123 Active member

Member since 16 January 2016

zest123Active member14 July 2021 12:06:25

Hugz wrote:
You should also be aware that it is illegal to own a company solely for the purpose of buying land. They can and will take your property if you upset them in any way. It鈥檚 not worth the risk of losing your hard earned money.

Really ...., thanks for the information
Looks like i'll better only consider buying condos then ...

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