THE PROCESS OF BUYING
a villa in Phuket
Step 1/5
Selecting and reserving a villa
When the villa is chosen and the conditions are negotiated, a reservation contract is signed between the buyer and the seller. It requires a copy of the buyer's passport, email, telephone number and postal address.

The contract contains information about the parties to the transaction, the selected property, its value, payment schedule and details for sending funds.
At the time of signing the reservation agreement, the buyer pays a deposit – about 1% of the total value – to remove the object from the sale.
Step 2/5
Checking villa condition and transaction cleanness
We recommend using a solicitor to check the condition of the property and the purity of the transaction. Usually specialized law firms offer the following services:
  • Check the land – from $700
    Who is the owner, whether there are encumbrances, etc.
  • Check company-seller – from $700
    Who is authorized to conclude the transaction on behalf of the legal entity, the founders, share capital, etc.
  • Check the contract – from $500
    amendments, coordination of conditions with the seller.
On the primary market order only verification of the contract. A full legal check of the property is carried out only during the conclusion of secondary housing transactions.

All legal services are free of charge for our clients.
Step 3/5
Concluding the contract
Within one to two weeks of paying the deposit, the buyer receives a preliminary contract from the seller for review and amendment, if the seller is the developer.

This contract contains all the information about the villa, the conditions of purchase and the method of completion, information about all the costs of completion and maintenance of the property, and penalties for non-compliance with the contract.

Copies of the identification documents of the seller and the buyer, as well as the documents of the property, are attached to the contract.
Step4/5
Transaction payment
Primary market

When buying a property on the primary market, the buyer transfers the funds by bank transfer under the contract to the developer's account in Thailand. The money can come from the buyer's account in any country. A transfer from a legal entity registered in any country in which the buyer is a founder is allowed.

Secondary market

If the transaction is in the secondary market, the buyer usually opens an account with a Thai bank and transfers the money from another country to it. A cheque for the required amount is presented to the seller at the time of registration with the Land Department.



Unlike in many parts of the world, Thailand does not check the origin of the money.

Primary market

When buying a property on the primary market, the buyer transfers the funds by bank transfer under the contract to the developer's account in Thailand. The money can come from the buyer's account in any country. A transfer from a legal entity registered in any country in which the buyer is a founder is allowed.

Secondary market

If the transaction is in the secondary market, the buyer usually opens an account with a Thai bank and transfers the money from another country to it. A cheque for the required amount is presented to the seller at the time of registration with the Land Department.



Unlike in many parts of the world, Thailand does not check the origin of the money.

Step 5/5
Registration of property rights
All transactions are registered with the Land Department.
When buying a property on the primary market, the transaction is usually registered at the Land Registry Office by the builder's representative. This is done on the basis of a power of attorney from the buyer in his name. The purchase of a property in the secondary market is completed by a lawyer.

On the day of the purchase the land office will give the buyer a package of documents. This depends on how the property is registered. For example, if the property is a freehold villa, the new owner is given.
  • Contract of sale in Thai in a standard format.
    It indicates the name of the new owner, the information about the property. Also, it necessarily have signatures and seals of public officials.
  • Chanote (land certificate)
    A document on the land with a plan of the land on one side and the history of transactions with it on the other side.
  • The house book (Blue book)
    Where you can find the address and information about your villa.
For you – we can take over the flat and get the Chanote (certificate of ownership) and send it to you by courier.

If you have the opportunity, you can fly in and we will take care of it together.
We will be happy to advise you on any questions related to the purchase of a property in Phuket and guide you through the whole process, using qualified lawyers if necessary.
Your trusted partner in the Phuket real estate world
www.apart-homes.com
+66 83 870 0998