POINTERS TO HELP RESELL YOUR PROPERTY

POINTERS TO HELP RESELL YOUR PROPERTY. Thailand being a developing country has a variety of property investment opportunities to choose from. It is often that first time investors in this tropical paradise find themselves overwhelmed with the sheer volume of property investment options and the various processes of acquiring them.
Some informed and well-seasoned investors select and purchase prime properties in their pre-launch stage, thereby getting ahead of the game before it even begins. Having said that, this besides being an excellent way to receive high returns for minimum investment, can also prove to be risky if careful research has not been done prior to the purchase.
To give you a better idea of how a pre-launch purchase could be a risky investment opportunity, take investor (X) who purchases a prime property at its pre-launch phase for around 15 million THB. 30% of which he pays as deposit and 20% as stage payments over the course of the next 2 years, which constitute the construction period.
Say, buyer (Y) comes into the fray at the completion of the first year and wants to purchase the property in question. However by this time the property prices have been increased by 25% by the developer.
Now say investor (X) has managed to pay 20% of the original selling price in the first year, however by now the property in question is worth 17.5 million THB in accordance with the developers’ rate card. Accepting this price appreciation, buyer (Y) agrees to pay investor (X) the appreciated amount that includes a 25% price rise atop the payment already made to the developer by investor (X) at the time of purchase. These events have culminated in investor (X) making about 70% profit in the first year itself.
Buying during a pre-launch phase is however still a gamble and it is highly advisable that one research the market thoroughly as well as consult reputed agents and lawyers alike before taking any concrete steps.
Investing in a hastily selected project or just a lacklusterly chosen one can make a big difference in its resale value and your ability to complete the final stages of payment.