thegreatone Posted June 25, 2008 Report Share Posted June 25, 2008 I see many houses for sale on different realestate sites, year after year. My question if anyone knows is are they open for bidding as in US, or is the price the price???? Link to comment Share on other sites More sharing options...
drogon Posted June 25, 2008 Report Share Posted June 25, 2008 As a foreigner you can not own land -> you can not own a house. (of course there are some ways around that law but...) As simple as that. You can always bid, price can be price, there are even auctions sometimes... Link to comment Share on other sites More sharing options...
thegreatone Posted June 25, 2008 Author Report Share Posted June 25, 2008 not sure exactly what you are saying. Just wanted info, I know as most other veterans of the board do about woning land. I have Thai wife and child. Link to comment Share on other sites More sharing options...
Bangkoktraveler Posted June 25, 2008 Report Share Posted June 25, 2008 We bought a house at one of the auctions. 10$ down and so much a month. House in wife's name. Link to comment Share on other sites More sharing options...
Mekong Posted June 25, 2008 Report Share Posted June 25, 2008 As a foreigner you can not own land -> you can not own a house.(of course there are some ways around that law but...) As simple as that. You can always bid, price can be price, there are even auctions sometimes... Could you explain this to me Drogon? Link to comment Share on other sites More sharing options...
CTO Posted June 26, 2008 Report Share Posted June 26, 2008 5 5 5 5 5 Double Belgium Link to comment Share on other sites More sharing options...
rchapstick Posted June 26, 2008 Report Share Posted June 26, 2008 Between private parties? Who knows if the seller is willing to negotiate the price? It can't hurt to offer less, and be willing to walk away. W.R.T. bank auctions, I have heard that bank employees will attend the auction and up the price if it isn't fetching an appropriate price. Don't know if these stories are true or if they are urban legend though. It can't hurt to try. Link to comment Share on other sites More sharing options...
drogon Posted June 26, 2008 Report Share Posted June 26, 2008 My bad. Apologies to the OP. My post was not adequate as I misunderstood the question. Cheers Link to comment Share on other sites More sharing options...
farangman Posted June 26, 2008 Report Share Posted June 26, 2008 No doubt what you say is true especially on foreclosures , but can also work the other way round ..... as little publicity about the property as possible so that the bank employees /lawyers or their friends and relatives can buy a house at a steal. A friend had that happen to him in a messy divorce where everything was being split 50/50. Link to comment Share on other sites More sharing options...
unit731 Posted June 28, 2008 Report Share Posted June 28, 2008 I see many houses for sale on different realestate sites, year after year. My question if anyone knows is are they open for bidding as in US, or is the price the price???? To answer your original question. Yes, of couse, one can 'make an offer' at any lower price. As stated above, you may be able to 'own' the house but you will never own the land under it. You had better find a good barrister or lawyer - that speaks English or whatever language is comfortable for you. 'Owning' a house, if you are a foreigner, just don't happen in Thailand. You may obtain some legal rights to the structure. Or as some have done, just give it to your wife or gal friend and no need to worry. But make sure you purchase a condo in your own name also, so that you do have a place to go if things turn 'sour'! So, to summarize: Buy the house but also buy a condo in your own name. You actually need two places if you decide to buy a house in Thailand - the house for you and gal and a condo just for you. Link to comment Share on other sites More sharing options...
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