1. Choose a Reputable Real Estate Agent
Work with an experienced agency to help identify legal properties and assist with negotiations.
2. Select the Property & Make an Offer
Once a suitable villa is found, negotiate the price and basic terms with the seller.
3. Sign Reservation Agreement & Pay 10% Deposit
Sign a Reservation Agreement and pay 10% of the purchase price. Funds are held in escrow or a segregated client account while legal checks are completed. The property is taken off the market.
4. Begin Legal Due Diligence
A lawyer conducts checks on:
- Chanote title deed
- Building permits and legal structures
- Zoning and land use
- Access and encumbrances
- Validity of ownership and sale structure
5. Choose Ownership Structure
Foreigners cannot own land directly. Common options include:
- Thai Company – the company owns the land
- Leasehold – 30-year registered lease
- Thai Spouse – land held in spouse’s name
6. Sign Sales & Purchase Agreement (SPA)
Once due diligence is complete, sign the SPA with full terms, payment schedule, and handover conditions.
7. Final Payment
Balance is paid as agreed. Funds can be transferred locally or from overseas, depending on structure.
8. Land Office Transfer
Ownership is registered at the Land Office. Transfer taxes and fees are typically split 50/50 between buyer and seller, unless otherwise agreed.
9. Final Steps
- Property handover
- Utility setup
- Optional: Draft a Thai will for estate planning