Buying a second hand property in Thailand offers more living space, better locations and a more attractive long term investment compared to most new developments. Yet purchasing second hand property poses its own set of factors and risks. When buyers are not properly advised, they can easily miss important details that will impact their home purchase and living experience.
Hi, I’m a marketing expert in the second hand housing market in Thailand – Bangkok Assets, and have helped thousands of home buyers find their dream home and assisted hundreds of home real estate owners through the complex process of selling pre-owned homes with success. At www. bangkokassets.com, we do more than just list property; we help buyers and sellers make smart, secure and economical decisions. In this article, we get an expert perspective on what to consider when purchasing your second-hand home in Thailand, based on the EEAT model Expertise, Experience, Authoritativeness and Trust we apply in every single case.
Verify the Legal Status of the Property
Among the initial and vital tasks is to check the legality of the property documents. The best and safest type of land title to own in Thailand is through a Chanote title deed where the owner and land boundaries are defined. Buyers should ensure:
The seller is the legal owner
No Mortgages or Charges There are no mortgages or charges registered against this company.
Land is not in question by the gov or zoning restrictions
F. All buildings shall be adequately permitted.
We offer thorough due diligence in the legal aspect of each property before it’s been put on our website, where you can be confident in your choice!
Access the Physical State of the Property
Second hand houses don’t have that new home smell, and may contain wear and tear, age, or lack of previous maintenance. So a good check is a must. Focus on areas such as:
Roof condition and leakage possibility
Electric and grounding systems
Plumbing and water pressure
Structural causes (e.g., crack, subsidence)
Evidence of pests or mold
While some aesthetic problems may be addressed with a new paint job, structural issues might require a sizeable investment. Bangkok Franchise opportunities are pre screened for condition before being offered to you, and we can help you arrange for independent professional inspection if required.
Know the Area and Its Growth Potential
The location of a property is confirmed as one of the top determinants of real estate worth. When it comes to second hand properties, you should also take a look “beyond the actual here and now” of the current facilities. Consider:
Close to some mass transit stations (BTS/MRT)
School zones and hospitals
Development commercially or to the future of infrastructure
Means of transport and noise levels
Safety of the community and condition of the neighborhood
We keep a close eye on such statistics in Bangkok Assets and we supply you the most recent local market intelligence on every property listed with us, so that our clients know what they are moving in to, not only their home.
Evaluate the Value of the Property in Its Current Condition or After Renovation/Expansion
A lot of the existing homes are less expensive than new because they need to be updated or improved. That can be a plus with the right strategy. Look for:
Flexible floor plans
Additional Land Area at Additions
System layout that facilitates upgrading
Zoned for redevelopment homes
Here at Bangkok Assets, we frequently know of units that can be renovated and will let you know how investments in such places can have a huge effect on resale or rental prices. Upon request we also link up our buyers with reputable architects and contractors.
Establish the True Market Value
the fairness of the price when you are buying second hand whether you are getting ripped off or the price reflects actual market value. The majority of private listings are probably overpriced, fueled by emotional links or exaggerated comparisons.
Something similar to what you said is possible if the *CMA is used by Bangkok Assets and this information is collected based on sales information from community areas. We also factor in:
Land appraisal rates
Age of the home
Renovation status
Likeness and turnover rate of the region
This means buyers are getting an honest value and look to put in bids based on reality, not wonderment.
Explain all Transfer Fees and Taxes
Transferring property ownership costs catch many buyers off guard, particularly so for second hand homes. These include:
Duties (usually 2% of purchase price)
Specific business tax (if property is sold within 5 years of ownership)
Withholding tax
Stamp duty
At Bangkok Assets, we are upfront and transparent in this regard. We also work with land offices and lawyers to make your transactions easier and more transparent.
Work with a Trusted Advisor
The single most important step in the process of investing in a second hand home is working with a professional, experienced, and upfront adviser. A real estate agent who lacks integrity might neglect to mention issues they’re aware of, push overpriced listings, disappear once a sale is made, and more.
What makes us different from other agencies is that we work with the EEAT concept ( Everything´s EASY At THAI ) Bangkok Assets
Experienced: Our team of professionals is highly skilled in the real estate industry.
Experience: We have helped thousands of customers find used houses in Bangkok and outside Bangkok.
Authoritativeness: Both buyers and financial institutions trust our market assessments and legal procedures.
Reliability: We’re always honest with our clients, never trying to force customers into a property that doesn’t match what they’re looking for.
Invest Cash with an Investment in Bangkok Assets
Making your home in Thailand doesn’t have to be a roll of the dice. Given the right information and the right partner, you can discover tremendous value in properties that provide the space, location and long term potential of growth.
At Bangkok Assets, we only include proven, vetted, value added opportunities. Quality, Integrity and Your Best Interest is our Style your wish is our command! Get in touch with us today and let our experts help you find a used home you can rely on and call your own!