Buying a Condo in Thailand

Thinking about investing in a condo in the Land of Smiles? Look no further! In this informative video, we share invaluable insights on the process, legal considerations, and top tips for purchasing a condo in Thailand.
From understanding the laws and regulations surrounding foreign ownership to essential tips, we've got you covered. Whether you're a first-time buyer or a seasoned investor, this video is a must-watch.
Let's dive into the world of real estate in Thailand and provide you with the knowledge and confidence to make a smart investment decision. Don't forget to subscribe to our channel for more valuable content on living and thriving in Thailand.
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[@zandig666]

Thanks for another great pertinent video Amanda !! I am a couple yrs out from retirement and this is one of my options for sure ✌️✌️

[@SettleinAbroad]

Hi there, that you for your lovely comment. It's great to hear that. Get in touch when you're ready and we will be happy to assist you.

[@phyoski]

I thought Wise pays you from their local account in Baht and therefore it won't count as a foreign transaction.

[@SettleinAbroad]

Hi there, thank you for reaching out.
There are ways to use Wise to make this happen. Also, you can open a Thai bank account first and that helps the transfer of funds process as well.
Feel free to email us at [e-mail] if you have any more questions.

[@kokin621980]

Hi new subscriber here When buying a condo is it cash a time up front payment?

[@SettleinAbroad]

Hi there, thank you for getting in touch and subscribing.
For condo buying it will be in a few payments depending on the sales and purchase agreement you make with the condo owner. The final payment is made on the land transfer date.
Feel free to email us at [e-mail] if you have any other questions.

[@ginzoneo]

so I can you trasferwise for trasfer the money from abroad? and I can transfer this money in 3-4 different transfer or I have to tranfer the ammount all in ones?

[@SettleinAbroad]

Hi there, thank you for getting in touch.
It would very depend on the exact sales and purchase agreement of your condo, but there will be one lump sum you will need to send. Yes, you can use the platform TransferWise!
Feel free to email us at [e-mail] if you have any additional questions.

[@Iamnowat]

Is it one whole payment or can it be month to month payments for purchase?

[@SettleinAbroad]

Hi there, thank you for you comment. To buy a Condo as a foreigner in Thailand you need to pay the full amount. If you have any more questions, feel free to email us at [e-mail]!

[@kabirulalo908]

Hi Emanda
As usual always making great videos
Please I have a question: I would like to buy a condo in Thailand kind of investment to put it into rent as foreigner as I’m not living in Thailand. Is it possible to get a permanent residence or residence card ( work permit and residence permit with multiple entiers in Thailand -coming in and going out from to Thailand anytime if I purchase a condo ??? If YES, what is the minimum amount should be the condo ???)
Thank you for answering these questions then if possible I will contact you for further process .

[@SettleinAbroad]

Hi Kabiru, thank you for you kind comment.
To answer your question, the LTR visa could be an option in your case, but we will need more information about your circumstances. We offer a Free Consultation Call where we gather all information needed and answer any questions you have. Please schedule your call via the link below.
settleinabroadconsultations.as.me/schedule.php
We look forward to hearing from you.

[@kabirulalo908]

Hi Amanda
I have tried the LTR with your service but you advised me to apply by myself after you have asked me a lot of documents through your colleague Maegan which I provided all to you ….then you came back to me and said you could not submit my application…
I really find it little bit weird ( excuse me with the term ) and chocked
So now you are suggesting again LTR visa -are you going to make it for me this time around ??

[@SettleinAbroad]

@@kabirulalo908 Hi Kabiru,
I have just consulted with Maegan regarding your previous case.
It seems we were unable to apply for the Work From Thailand Professional on your behalf because the LTR department wouldn't accept an employee from an NGO organization. I understand you say you don't work for an NGO however we are unable to change the LTR's department decision on this matter.
Did you try and apply on your own as Maegan advised you?
In regards to the LTR category I was referring you could apply for, The Wealthy Global Citizen, this visa has different requirements than the previous LTR visa you were interested in.
The Wealthy Global citizen LTR requires you to: make over $80K/year, have $1 million USD in assets, which $500,000 USD must be in Thai property or Thai investments and health insurance covering $50,000 USD.
However, the Elite visa offers a 5 year visa if you purchase a condo worth 10 million Baht or more. The visa itself then costs 500,000 THB for 5 years. You would have to provide a background check but other than that and the high fees the visa is easy to obtain.
If you're interested in purchasing a condo for 10 million Baht or more please let us know so we can assist you with this service.

[@daemon.mythos]

Are we able to buy more than one condo at a time? Ex: Main one in Bangkok, and a second one in Hoa Hin or near Pattaya?

[@SettleinAbroad]

Hi Daemon, thank you for reaching out. Yes, of course. Foreigners have no limit on how many condos they can buy. Feel free to send us an email at [e-mail] if you need help with purchasing condos.

[@daemon.mythos]

@@SettleinAbroad Thank you for answering. Hope this year is better for everyone.

[@SettleinAbroad]

@@daemon.mythos No problem at all, we're here to help. Feel free to reach out anytime.

[@kippsguitar6539]

and the answer is dont buy thai real estate