Before buying a property in Thailand, you should perform a thorough investigation. For instance, you should translate the Thai land title deed into English and understand what rights you are buying against the land. It is best to visit the property in bad weather and inspect any disturbances in the surrounding environment, such as drainage problems. You should also inquire about the sewage system and telephone system in the area. The following tips will help you perform the Thai due diligence.
Background check on property seller and developer
If you plan to purchase a property in Thailand, you should conduct a background check on the developer and seller. This is to protect yourself from the scams that are common in Thailand. A background check involves physical inspection of the property, including its title and ownership. It can also cover other issues such as past litigation, financial records, and any other issues that can be of concern to you. Here are some tips on how to conduct a background check on the developer and seller in Thailand.
Before investing in property, you should always perform Thai due diligence on the seller and developer. Whether or not the seller has filed any lawsuits, you must check their background to avoid dealings with fraudulent developers. Otherwise, you may end up losing your investment or home. Furthermore, you should visit their previous projects and sales to check the condition of the property. You should also speak to current residents and review the level of satisfaction of their owners. You should also inquire about any complaints that might have been filed against the developer.
Ensure that the property agent is the authorized property agent for the builder or developer
If you’re looking for a new home, it’s essential that you hire a professional property agent. They will have access to an extensive database of properties in Thailand, and will also work directly with builders and developers. An agent’s main goal is to help you find the right real estate option, and all licensed agencies in Thailand offer daily up-to-date information.
Ensure that the title deed search is conducted by an authorized title deed search company
Before buying any property in Thailand, you must conduct a title deed search to see who owns the land. Many people make the mistake of thinking they own a property on their own land when they are actually on someone else’s land. While some land ownership documents are legitimate, others aren’t. An authorized title deed search company in Thailand will be able to tell you which types of documents exist, and which can be transferred.
During a title deed search, all documents associated with the property are examined. If there are liens or easements, these must be checked. The documents must also be stamped or registered. If they are, a title deed search company will be able to tell you immediately. Otherwise, you could be paying more than you need to.
