Renting a House or buying a Condo
When renting a house in Thailand there are, like most things, 2 prices. The price a Thai would pay and the price a foreigner will pay.
Utilizing our knowledge of Chiang Rai realty we will get you a house rental at the price a Thai would pay. Thais know, we know, the market value of Chiang Rai real estate and that we will walk away if we are not getting a fair price
A word of caution: Beware of any advertisement for property for sale or rent that is in English. If it is in English it is because they think foreigners have more money and they can and will, ask for a premium price. This price will be at least 15% – 25% above market value.
If you want to get the best possible deal, describe to Retire In Thailand what you want and the general area, in the city, on the outskirts of the city or in the countryside and we will seek out and identify properties, negotiate a Thai price and then show you the ones that we think would interest you. Doing this will save you anywhere from 15% – 25% of the price they would ask you, as a foreigner, to pay.
Usually real estate agents are paid 1 month’s rent as a commission and you can rest assured, that that fee is calculated into the monthly rental payment. Retire In Thailand does not get commissions from landlords, we charge an hourly rate, so that too will keep your rental price lower, on average, you will save about 8% of the rental price. So considering 20% saved if we find and negotiate the deal plus 8% more saved since there is no commission. Consider an agent advertising in English a house for 20,000 per month and we could get the same houses for around 14,000 – 15,000, that’s a 60,000 – 72,000 per year savings which will pay our fees 10+ times over.
You may have read that foreigners cannot buy land in Thailand, but there is a way that you can lease land and build a house.
Retire In Thailand can help you with that too, but you will need to spend some money on a lawyer to draw up the proper documents to protect your investment.
You are legally able to purchase a Condo as long as the building has at least 51% Thai ownership.