Tips For Buying Pattaya Condos For Sale

Many Pattaya condos for sale are a low to mid budget option for first time buyers and those who can’t afford the high prices of the villas in and around Pattaya. Pattaya condos for sale are also a great deal for single people and the elderly that do not need the hassle of taking care of a large home and garden. Buying one of the many Pattaya condos for sale has many benefits like they are simple to take care, and are comfortable to live in. There are also many, different styles and price ranges of Pattaya condos for sale that can meet your needs.

If you are just starting out in the Pattaya market, you will need some knowledge about the market. You should not buy the first condo that you find. So, take the time to look at other condos, and do your homework. Here are some tips for what you should do before you start looking at the many, different types of condos that are for sale in Pattaya.

Budget and Property Finance

The first thing that you need to do before you look at condos is to create a realistic budget, and stick to it. Also, you should have your property finances in order before you start looking, as this can slow the process down later on.

Foreign Ownership

There are a few laws about the foreign ownership of condos in Pattaya. While a foreigner can have a condo in their name, there are very tight laws about how much of a condo building that can be owned by a foreigner. The law only allows 49 percent to be owned by foreigners, and this law is why most foreigners choose to go with condos. Before you get excited about a condo that you have found, make sure that you are able to buy the condo, if you are a foreigner.

Service Agreements

One of the best things about living in a condo, is that the maintenance is simple. Before you agree to buy the condo, you should check into the service agreements to see what the costs of maintenance are. This is also where you would find what the rates for utilities like water and electricity are.

Due Diligence

Many of the condos in Pattaya look amazing and are state of the art, but this is not always the case. You should make sure that the condo you want to buy meets all the benchmarks and matches the details stated in the real estate listing.