How to Price your Bangkok Property During Covid 2021?
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- เผยแพร่เมื่อ 26 ก.ย. 2024
- How to Price your Property? The art of pricing your Thailand property to maximize your chances of selling and how to cope with the Covid market trends of 2021. Watch this video to learn how to price your home to sell avoiding some pitfalls that may harm your chances of selling. Watch to the end to get my current market analysis for sellers.
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Thank you for your very informative video. Much appreciated.
Very interesting !!!!!!!!
Thanks
Great video and information. Thank you for sharing.
An agent will also take your money - the funny thing is an agent is always looking to move the property, they don't really care what it sells for because they get a nice commission check. It's a volume game in the end.
It's the agents job to sell the property, but keep in mind the offer comes from the buyer and the acceptance comes from the seller. Agents don't dictate price, that's totally between the buyer and seller.
@@geraldenright9845 You just proved my point.
I am interested though, how does a foreigner get a work permit and the proper Visa to sell property in Thailand? Given there is no such license to sell property, as in other regulated countries, it would seem that anyone can claim to be a real estate agent, even a Thai. The foreigners working without the proper credentials would be my serious concern which would be very hard to understand how a Thai real estate agency would hire them given the minimum salary requirements and visa/thai work permit requirements. I have yet to meet any foreigner that has these things selling real estate, they are all working illegally typically.
@@commanderbishop If you're implying that I'm working illegally, I have a work permit in the position of MD, I don't act as an agent, I manage the Agency.
@@geraldenright9845 Working as an MD, Managing Director, your engaged here on TH-cam using a corporate company registered in Thailand advertising real-estate process which is in violation of your work permit but fortunately not enforced at this time unless reported. You can manage the business, you can't take Thai jobs, education or advertising activities direct without a Thai national representing the majority of the information - you would only be a support for translation purposes, management oversight. The exception is if you are acting as a legitimate instructor which your Visa and Work Permit don't support - you're not classified as a professor or teacher, but rather a Managing Director. Big difference.
Advertising is a marketing job not a core business management job. You are not alone. I’m just stating the facts in the spirit of the law. Given that the company you're working for or partially own, it appears you represent RE/MAX, a global real-estate franchise company, it must be a Thai 51% majority company, Thai owned company, as the US/Thai Amenity Agreement prohibits real estate businesses given the land restrictions. Again, you're violating your work permit because you are acting in a direct marketing capacity.
If you want to educate people, I do honor this. You need to do it freelance without advertising the Thai company you work for to avoid a conflict. Now that this is public on TH-cam, the clock is ticking...
There seems to be very slack demand for property in most all regions in Thailand right now (Feb 2021). Combo of C-19 impacting the economy/tourism and many 2nd home expat owners (w Thai properties) opting to stay in their native country and/or unable to return. Lot’s of supply and many properties have been on the market for 2+ years. Looks like prices have slipped 15% to 30% from 2018 levels depending on location/quality? I don’t foresee robust demand on the ‘seeable’ horizon. IMO it will be a buyer’s market through mid 2022. Beyond that, impossible to tell.
That's what I'm seeing right now. If the Baht shifts down that may swing things in terms of foreign investors. That said even at the current exchange rate, property denominated in Thai Baht can be a good foreign currency hedge.
What would you estimate the government appraisal rate to be (in general, or on average), in relation to the actual selling price? (5-10% lower, 10-20% lower, ~25% lower, etc.)
How long is a piece of string? It depends when the last appraisal was done. If its a condo that just completed, appraisal is probably 90%. If its a 30 year old house that's never been re-evaluated it can be 30% of market value. Its not unusual in the resale market for government accessed price to be 50% under market. Interesting side note is that opposite is true for farm land in rural communities, the government assessors typically inflate evaluations to allow farmers to get better loans for funding planting and harvesting.
Gerad what address office do you work out ...I'm back in Bangkok on 30 Oct. In looking for condo on BTS line's.. out side Bangkok
Thonglor 13. We serve downtown
I've seen a house for sale in our project that has been for sale for 5 years now. House is empty, just some rich guy buying the house waiting for the market price to go up also asking too much for it. And remember, loosing face is dictating the prices and how you do business here.
Will describe, You are truly a knowledgeable realtor, Please provide your contact no,