Purchasing a Condominium in Thailand by Drew Noyes
Dear Mr Noyes, I will be visiting Pattaya by November this year and hope to use your services to purchase a condo in Pattaya. I am arranging the funds now, can you answer the following question for me.
Can i get the bank in the U.K. to transfer the
amount due in Thai baht, they make the exchange in the U.K. and when it goes
into the account in Thailand it is in Thai baht ?
Look forward to your reply.
Regards,
Mike
Dear Mike,
Thank you for
your question. We look forward to helping you purchase a condo in November and
will accompany you to the Land Office and also review or prepare the proper
Purchase and Sale Agreement and confirm the seller is the current owner with an
unrestricted right to sell to you as a foreigner. We also check to make sure
there are no outstanding bills for the Homeowners' Association, electric, etc.
As to your
question, do not EVER send Thai funds to Thailand. You can not get a Inbound
Wire Transfer letter from your Thai bank which allows you to send the same
amount of money back to England in the future if the funds are not received at
the Thai bank in a foreign currency like pounds. Send the amount needed in
pounds and let the Thai bank change it into Thai baht.
Feel free to send me any other questions or
concerns.
Yours,
Drew Noyes
PAPPA Co., Ltd. Law Office.
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