03 Apr 2023
PhuketProperty.com; When it comes to buying a re-sale property in Phuket, location still remains key. If you are looking for a condo, consider whether you want to be close to the beach or more central and in the heart of the island or close to Phuket town. In addition, you might like to consider if you want to be in a quiet residential area or closer to the nightlife. Keep in mind that properties near the beach or in popular areas will be more expensive than those in quieter or less populated areas. Either way, Phuket is a relatively small island and most places remain easily accessible.
Check the Condition of the Property
When buying a resale property, it's important to check its condition. This is especially important for older properties, as they may require more maintenance or repairs. Before making an offer, have a professional inspect the property to identify any potential issues. This can help you avoid unexpected expenses down the road.
Get Legal Advice
Buying a resale property in Phuket can be a complex process, especially if you are not familiar with local laws and regulations. To avoid any legal issues, it's important to consult with a lawyer who specializes in real estate. They can help you understand the legal requirements for buying property in Phuket and guide you through the purchasing process. At PhuketProperty.com we have many years of experience and can help recommend good legal advice.
Consider the Maintenance Fees
When buying a condo or villa in Phuket, it's important to consider the maintenance fees. These fees cover the cost of maintaining common areas such as the swimming pool, gym, and gardens. Make sure you understand how much the fees are and what they cover before making an offer. Keep in mind that properties with more amenities tend to have higher maintenance fees.
Check the Title Deed
Before making an offer on a resale property, it's important to check the title deed. The title deed is a legal document that proves ownership of the property. Make sure the title deed is in order and that there are no liens or disputes on the property. This can help you avoid any legal issues down the road. Your legal cousel will do this for you and they will also check the building permits, registration of the house book and any outstanding monies that may be owned to the juristic person.
Negotiate the Price
When buying a resale property in Phuket, it's important to negotiate the price. While the seller may have a price in mind, it's always worth making an offer below the asking price. Be prepared to negotiate and don't be afraid to walk away if you can't agree on a price. Keep in mind that the final price will depend on several factors, including the condition of the property, its location, and the current market conditions. Your real estate agent will normally do this for you but be careful not to low ball the price of the property as this could sour the mood of the seller.
Use a Reputable Real Estate Agent
When buying a resale property in Phuket, it's important to use a reputable real estate agent. Look for an agent who is experienced in the local market and who has a good reputation. They can help you find the right property, negotiate the price, and guide you through the purchasing process. Make sure to check their credentials and read reviews from previous clients before working with them.
In conclusion, buying a resale property in Phuket can be a great investment and loffer a unique and positive ifestyle change. However, be sure to do your home on the location, condition of the property and consider carefully the advice that you are being given.