In Thailand, transferring a property title entails a number of stages, including:
Signing the contract: Once you’ve found the property you want to buy, you’ll need to do so with the seller. The contract will specify the sale’s terms and circumstances, including the purchase price, the timing of payments, and any other pertinent information.
Due diligence must be done before the transfer may be finalized in order to confirm that the seller is the rightful owner of the property and that no additional circumstances exist that could jeopardize the transfer, such as unpaid debts.
Transfer of ownership: Both the buyer and the seller must be present in person at the Land Department to sign the transfer documents in order to transfer the title of the property. After the Land Department has confirmed the property’s ownership, the transfer will be allowed, and the buyer will then receive a new title deed.
Fees: The transfer fee and any additional taxes or fees related to the transfer of ownership must be paid by the buyer. These charges, which are frequently based on the property’s worth, might be significant.
To make sure that the transfer of the property title is done correctly and lawfully, it is crucial to deal with a respectable lawyer or real estate agent in Thailand. It’s also crucial to keep in mind that purchasing property in Thailand may be subject to additional limitations and regulations for international buyers