From idea to action: life and buying an apartment in Thailand

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• Buying foreignreal estate: a professional approach.

• Buying and selling real estate

• Advantages of selling an apartment in Thailand

Acquiring property abroad: how to make a deal from a distance

Buying property abroad can be a complicated process, especially if you are doing it from a distance.

Remote real estate appraisal

First of all, it is necessary to obtain a remote property assessment based on the provided photos and videos. After selecting the desired property, a preliminary contract should be concluded, and a deposit made for its reservation. Then, it is required to sign the contract in two languages, print it, sign it, scan it, and send it back to the agency.

General power of attorney and financial transactions

To complete the transaction, a general power of attorney for the agency's employees is required, which must be notarized in Russia and sent to the country where the property is located. It is important to remember that all financial transactions are conducted only in the national currency. After signing all the documents and transferring the funds, you will be issued a certificate of ownership for the acquired property.

Conclusion and important points

The whole process of buying real estate from a distance may seem complicated, but with the approach of professionals, it becomes possible. Remember, it is important to have full trust in your professionals and follow all instructions to successfully complete the transaction.

Change of plans

After a month of waiting, a tense moment arrived for Anastasia - her colleague from the agency sent her a video in which she showed the documents confirming the ownership of the apartment in Pattaya. This was a significant moment because it indicated full ownership under the foreign quota.

Becoming a homeowner, Anastasia postponed her plans to move because she decided that her son should finish school in their hometown. They decided to rent out the apartment to avoid issues with an empty property. By renting out the apartment, they avoided problems with mold due to high humidity and were also able to cover the costs of maintaining the property.

Change of plans

However, a year later, they decided to sell the apartment and move to a more spacious home in Thailand. Despite the agency strongly advising them to wait for the high season to sell, they managed to sell the apartment at a slight discount.

Buying and selling real estate

Buying and selling real estate in Thailand is a significant step that requires careful planning and a well-considered decision. It is essential to take into account many factors, such as location, price, living conditions, laws, and property regulations.

The process of selling an apartment

The process of selling the apartment was completely remote. Anastasia never managed to visit her apartment, but a month and a half after the ad was posted, a buyer was found, also from Russia. The resale was remote for both parties. The agency in Thailand handled all the necessary procedures.

Notarized power of attorney

Anastasia has once again issued a notarized power of attorney for the sale and sent it by mail. The money received from the buyer in Russia was supposed to be converted into baht and then into rubles before it could be transferred to Anastasia's account.

Searching for new housing

Anastasia is currently in Thailand.