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Buying Property in Hua Hin Thailand

Jun 19

Buying property in Hua Hin Thailand can be both exciting and challenging. Whether you're planning to live here for the rest of your life or you're just looking for a second home, there are a few important tips that you should consider. These include doing due diligence before purchasing the property, drafting a Thai Will and preparing a financial statement. Read on to learn more. This article was written with the help of an expert in property in Hua Hin, Thailand.


Doing Due Diligence Before Buying the Property

Doing due diligence involves investigating the ownership and history of a property, whether the seller is reliable, and verifying whether there are any liens or government restrictions on the property. It also involves looking into the background of the developer and seller, as there are many scams and pitfalls when buying property. The good news is that there are many attorneys who handle these types of cases for both Thais and foreigners.

There are several things to consider before buying a property in Hua Hin, Thailand. First, you must check if the owner has legal rights to access the property. You must also determine whether the seller has rights of inheritance or other legalities. You should also check if the property breaches any of Thailand real estate regulations. A lawyer is your best option if you are not familiar with the laws and regulations regarding real estate in Hua Hin.


Title Transfer Process in Thailand

If you are planning to buy property in Hua Hin, Thailand, you must follow certain steps in order to ensure that the process goes smoothly. During this process, you should be prepared to pay a small fee, which is usually 2% of the total property value. However, this fee varies depending on the amount of property and the number of beneficiaries. Listed below are some of the steps that you need to take to complete the process.

To start the process of transferring the title to your name, you should first visit the land office where the property was originally registered. The registration of the transfer of property ownership from the owner or developer to the buyer will take place at the Land Office. The transfer of property takes place after building the property, signing the contract, and paying all the installments. The remaining balance of the purchase price is usually paid on the day of transfer at the Land Office.


Drafting a Will in Thailand

In the case of a Thai spouse, it is important to have a Will in Thailand. It will make clear who will inherit your property in the event of your death. Thai wills can be written by either spouse, or by the statutory heirs, which are your parents, spouse, children or descendants. If you die without a Will, Thai law automatically distributes your estate between the five designated heirs.

Before buying property in Thailand, you should make sure that the buyer of your property has a valid Will. Thai law doesn't regulate the real estate market as strictly as in European countries, so you need to be extra careful about obtaining the deeds of ownership of your property. If you're not sure about this process, you should hire a local lawyer to help you out.