Buying property in Thailand on the secondary market is different from buying from the primary developer. Let's see what documents are needed for this.
Initially, a tripartite contract is drawn up - the seller, the buyer and the real estate agency. The agency acts as a guarantor of the transaction and a depository.
To draw up a contract, the buyer needs - a foreign passport, address of actual residence, telephone and e-mail, the seller provides similar documents and a Chanot (certificate of ownership), the real estate agency attaches DBD - a document on company registration in the Kingdom of Thailand, the company owner's passport.
To carry out the transaction, you must provide a certificate from the Management Company about the property quota. Also make sure that there are no outstanding annual maintenance, water and electricity bills.
If the transaction is executed in Freehold for a foreign name, a TT3 certificate (Tor Tor 3, Foreigner Exchange Transaction Form) will be required. This document confirms that the transfer came from abroad in foreign currency and was legally converted into Thai baht.
After paying taxes at the Land Department, you will receive confirmation, which is also required by the registrar to complete the purchase and sale transaction.
We will be happy to offer our real estate agency services. Our company has more than 10 years of experience in conducting transactions. We will take care of all the preparation and execution of documents and the transaction. You just have to sign and get the keys.
To sum it up: carrying out transactions in the secondary market requires care and careful verification of documents. We recommend that you contact reliable specialists for real estate acquisition transaction support.
