Purchase process and financing
GETTING TO KNOW THE LOCATION
Before buying a villa, we recommend that you familiarize yourself with the area.
You will have the opportunity to explore it, feel the atmosphere, the sea, the beaches, taste it not only with your eyes, but also with your taste buds, in order to get an overview of what the island of Koh Samui has to offer. Personal experience is priceless.
INSPECTION
We communicate in person, by phone or online – video inspections or drone footage.
Due to the fact that we operate in the country, specifically on the island of Koh Samui in the LAMAI section, we will personally introduce you to the villa construction site.
If you wish, we can provide you with tickets, accommodation and transfer from the airport or around the island. We will guide you through the locality and the entire island, showing you the possibilities (shopping, schools, beaches, sightseeing, attractions, restaurants and bars, trips) that the island offers. We will introduce you to local customs as well as legal options.
Buying real estate in Thailand does not require physical presence when signing the contract.
In the case of an investment intention, we will provide you with a calculation of rental profits and a good return on investment.
RESERVATION AND RESERVATION FEE
The reservation contract serves to reserve the property and withdraw the selected property from sale. The amount of the deposit is 10% of the total purchase price. The reservation contract contains basic details: purchase price – financing in tranches, date of signing the purchase contract, complete data on the property and data of the contracting parties and the date of handing over the property. Clients can sign the Reservation Agreement at our office in person, online or at the place where the villa is being built.
Payments are made via the IBAN of our company in Slovakia.
Contract of sale
Approximately one month after the payment of the deposit, the payment of the second part of the purchase price in the amount of 20% follows. In this phase, the purchase contract is signed. This contract is tripartite by default, which corresponds to the requirements of Thai legislation. Payment and signing of the purchase agreement are important steps in the property purchase process that must be done in accordance with Thai law to ensure the rights and interests of all parties involved
In Thailand, the presence of a lawyer when signing a real estate purchase agreement is important for several reasons:
Legal review and verification: In Thailand, as in other countries, a lawyer in real estate transactions ensures that all documents are properly drawn up and comply with Thai law. The lawyer checks the legitimacy of the documents, including that the property can be sold and that the seller has the right to sell the property.
Ensuring transparency: As a neutral third party, the lawyer ensures that both parties (buyer and seller) are fully informed about all aspects of the contract, including the obligations and rights arising from it. His role is also to ensure that all financial transactions are transparent and recorded.
Resolution of disputes and ambiguities: A lawyer can act as a mediator in case there are disagreements or ambiguities between the parties regarding the contract. His presence and signature on the contract ensures that the process is managed fairly and in accordance with legal standards.
Registration and tax matters: The lawyer helps with the proper completion of all necessary registrations for the transfer of ownership and related tax obligations. In Thailand, these processes can be complicated and require a thorough knowledge of local laws.
The presence of a lawyer therefore adds an additional layer of certainty and professionalism to the process of buying and selling real estate, which is especially important in the case of foreign investors who may not be familiar with local legal norms and procedures.
PART FINANCING
10% Reservation contract
20% Signature of the Purchase Agreement
15% Completion of the basics
25% Completion of rough construction
25% Completion of roofing
5% Delivery and handover of keys
OWNERSHIP AND HANDOVER OF PROPERTY KEYS
Ownership of the villa is registered in the real estate cadastre after payment of the entire purchase price without delay. After paying the entire purchase amount, we will immediately hand over the keys to the property, which you can use immediately.
MANDATORY FEES that are not included in the purchase price
BTH 20,000 – attorney’s fee for drawing up a lease agreement for the land
BTH 30,000 – lawyer’s fee for drawing up the entry/registration of the lease agreement for the land
20,000 BTH – remuneration to the lawyer for drawing up the entry/registration of the purchase contract for the villa
132,000 BTH – overhead and official fees
32,000 BTH – official fees for registration of ownership
70,000 BTH – building permit
4,000 BTH – water meter installation (not mandatory)
10,000 BTH – installation of an electricity meter