3 Steps to Take Before Deciding to Buy a Hua Hin Property

Hua Hin is once a peaceful fishing village transformed into a hip holiday destination for both Thais and foreigners. The place is known for its long stretched coastal area that is susceptible to any water sports. The sandy coast is lined with luxurious hotels, vacation homes and seafood restaurants.  This place in the Country of Smiles is a top haven not only for transient people on a holiday but for foreigners needing a permanent residency. With this transpiration, the demand to have a place to own is increasing and the number of real estate for sale Hua Hin has today also figuratively soared.

If you want to avail a real estate for sale Hua Hin market offers today, yet you don’t have the idea on how to get it done, here are the vital things to consider:

1. Find the Right Real Estate Agent

An expert is needed to assist you in buying a certain property. It is not advisable to directly transact with a developer or owner. Normally, the latter have a fix selling price and the agent knows his way to negotiate for a reasonable deal. Make sure the real estate agent is based locally. He must know the local language and can communicate well with it. The right negotiator must also be familiar with the area to give you a trip to the properties you have in your shortlist.

2. Fix Your Budget

This is somewhat the basic of all basics. Determine the budget range that you want to pay for a certain property. Playing within the range will save you from disrupting your financial plan. You may need some amount also for fixing, innovation and needed maintenance and repairs once you have acquired the property.

3. Plan Legal Matters

Bear in mind that the money you possess is hard-earned and it took you years to save it. Hence, you must plan your action to be anchored with legalities. Before signing any contract, talk to a qualified lawyer because there are certain limitations for a foreigner to procure a real estate property in Thailand. For instance, you may own and name a property in your own name if it’s a condominium unit. However, if you want to acquire a land or a villa, you must obtain a contract on a long-term lease. That way, you can avail of a permit to build a house under your name on a land that is under a long term lease.

Needless to say, if you’re a Thai and wants to own a real property in Hua Hin, there is no need to get the lawyer’s opinion on ownership, except during and after the transaction.

It is also important for both foreigner and Thai to conduct a comprehensive inspection of the real estate title being offered. It must be certified by the Land Department. Check also if the seller has the legal right to the property. Besides, it is through a comprehensive investigation that you can trace who the first possessor was and if the property is under liens or mortgaged.

Post Author: Adam Henry