Step By Step Buying Condo Thailand Guide

slug: step-by-step-buying-condo-thailand-guide category: buyer-guide authorname: REVR Editorial featuredimage_url: https://images.unsplash.com/photo-1560448204-e02f11c3d0e2?w=1200&q=80 status: published

Step-by-Step Guide to Buying a Condo in Thailand

Buying a condo in Thailand is a straightforward process, but there are specific steps and legal requirements that differ from other countries. Here's exactly what to expect.

Step 1: Determine Your Eligibility

Before you start shopping, confirm you're eligible:

• Foreign nationals can own up to 49% of a condo building
• No Thai bank account required (but very helpful)
• No visa required for the purchase itself

Step 2: Find Your Property

Use REVR to search verified listings. Filter by:

• Location (BTS/MRT station, district)
• Budget (including estimated fees)
• Size (studio, 1BR, 2BR, etc.)
• Pet-friendly, if needed

Step 3: Make a Reservation

Once you've found a property:

1. Pay a reservation fee (typically 50,000–100,000 THB)
2. Sign a reservation agreement
3. The property is taken off the market for 7–14 days

Step 4: Due Diligence

This is the most important step. Your lawyer should:

• [ ] Verify the title deed at the Land Office
• [ ] Check the foreign quota (are there units available?)
• [ ] Confirm no mortgages or encumbrances on the property
• [ ] Check building permits and construction quality
• [ ] Review the condo's financial health (sinking fund, common fees, reserves)

Step 5: Sign the Sales Contract

Review and sign the sale and purchase agreement. Key items to check:

• Payment schedule
• Transfer date
• Penalties for delays
• What's included (furniture, appliances, etc.)

Step 6: Pay the Deposit

Standard structure:

• 10–20% deposit upon signing the contract
• Balance due at transfer

All deposits on REVR are held in escrow — your money is never in a personal account and is traceable on our ledger.

Step 7: Transfer at the Land Office

On transfer day:

1. Both parties (or representatives) attend the Land Office
2. Pay the remaining balance
3. Pay transfer fees (2% split between buyer and seller)
4. Register the ownership in your name
5. Receive your Chanote (title deed)

The entire process takes 2–4 hours at the Land Office.

Step 8: Post-Purchase

• Register for utilities (electricity, water, internet)
• Set up annual tax payments (land and building tax)
• Consider property insurance
• If renting out, find a property manager

Timeline Summary

| Step | Timeline | |------|----------| | Search and viewing | 1–4 weeks | | Due diligence | 1–2 weeks | | Contract + deposit | 1 week | | Transfer | 2–4 weeks after contract | | Total | 1–3 months |

REVR Assure: Every transaction on REVR includes escrow protection, a verified title deed, and a transparent fee breakdown. We make buying a condo in Thailand as safe as buying one in your home country.