THE SALES PROCESS

Once you have decided on a unit that best suits you needs...

Pre-completion payments (10 percent)

A) Reservation: Make a deposit of THB 100,000.00 (approx. USD 2,600.00) which is completely recoverable by deduction from the final payment.

B) Signing: The Sales and Purchase Agreement is to be signed within 10 to 15 days of the reservation. A 15 percent payment of the unit price is required upon the signing of the agreement. Balance on transfer remaining (90 percent)

C) Money Transfer: There are 3 options to transfer money:

1. Set up local bank account in Thailand in the name of purchaser and forward funds into the account.
2. Transfer funds to Raimon Land account and Raimon Land shall organize all appropriate paperwork/certificate. (see below)
3. In the case the property is purchased via a Thai company, transfers can be made directly to the company bank account. Payment Procedure Foreigners are required to remit at least USD 20,000.00 into Thailand per transfer to receive a FOREX Transfer Form. This form will be needed to transfer the unit under foreign ownership and also remit money back out of Thailand if so needed in the future.

Note: Conversion to Thai Baht has to be done in Thailand and not before transfer is made into the country.

Furthermore, instruction on transfer must state for the purchase of property.

Additional Expenses
A) Transfer fee - Calculated as 2% of the sales price. 50% paid by Raimon Land 50% paid by Purchaser upon transfer of title deed.
B) Sinking Fund - This payment varies between Baht 350 to Baht 600 per square metre depending on the project and is payable upon transfer of title deep.
C) Advanced Juristic Fees - One year advance of Baht 50 to Baht 65 per square metre per month depending on the project.

Note: The juristic fee or management/maintenance fee is used for general monthly maintenance of the building, common areas, security, pool maintenance, etc.

More information: sales@raimonland.com

Disclaimer - Information provided should be used for guideline only. Please refer to our professional sales team and/or a legal advisor before buying a property in Thailand.