No matter how exciting the idea is, once you decide to “got for it” and invest your hard earned cash in an overseas property on Phuket, you realise one thing is making the decision the other is how to go about it! Stay cool and whatever you do: don’t stress out no matter how daunting the enterprise might seem, because if you get your own “plan of action” in place the whole process will simply not be daunting. In fact, at Prime Real Estate we assure you that purchasing a property on Phuket will be an enjoyable process.
1.Location, Location, Location
Phuket is such a beautiful island so the decision with regards to where you want your island home to be might prove a “lost for choice” decision, unless of course you have been visiting a particular area for some time and love life there. Think about your personal needs, hobbies etc. you may have a boat so a marina close by is essential. You are a nature lover and love exploring the island on long walks, or you want to be close to the nightlife, are you a beach and water sports lover, do you prefer one of the quieter villages, or a glamorous apartment in an island Hotspot.
Write down a list of features that the property must have, including the number of bedrooms and bathrooms you require, the amount of land, is a pool a must have, what style must your property have – modern or traditional. Are you purchasing for family holidays or as an investment property to also rent out. Once you know exactly what you’re looking for, we can help you to narrow down the list of homes to inspect when you get going. Whatever you do, when you start to view properties, don’t visit any that don’t meet most of your requirements. At Prime Real Estate we will ask you all the right questions and will only offer you properties that we feel will match your personal needs and requirements.
Do your sums and have your budget in place before you start to house hunt seriously and don’t calculate too tightly as you will still have to pay some transfer and legal costs and fees. There are some (though limited) finance options available through the bank or through a developer, and if you are buying somewhere pre construction, the payment is usually staggered over the construction period.
4. Estate Agent
Once you know what you are looking for and where, save yourself scouring the whole of the internet and unnecessary running around in and out of real estate offices otherwise at one stage “you’ll meet yourself coming back”! We have over 20 years of experience in the real estate industry, the company is Phuket established – so no “here today and gone tomorrow” situation. Check out the property offers on our website and you will discover that we have an extensive selection of listings – and have access to all properties in Phuket, so will be introducing you to properties that aren’t even listed on the website yet. Sit back, relax and enjoy browsing through the properties for sale and when you come to our island office you will experience the same relaxed feeling, throughout the whole purchase process.
5. Lawyer and Purchase
Confident as we are that we will find the perfect property match for all your ideas and visions, we can now move on to the part where it starts to get really exciting! It makes sense that you appoint a local, English speaking lawyer who will do all the necessary research and due diligence on the property, prepare the paperwork, organise the transfer, and together with us make sure you sail through the whole procedure! So you see, purchasing your dream island home is definitely not a daunting undertaking for you and all this without even having had to speak a word of Thai!