Once you have decided that you are going to buy a property in Thailand, you just

follow the payment structure from the seller of the developer you buy from. Every

agent has a pay structure set up before you decided. Although there is not a fix rule,

most of the payments would be like this. First. when you sign the contract in Thailand,

you leave a deposit on the payment with a credit card or cash or bank transfer. Most of

the sellers would mention that this money is 'non refundable' so if you change your mind,

you will lose this deposit. Mostly is this 10 percent from the selling price. This is called a

reservation fee but legally, it is not obligated. For that deposited, the seller will keep the

property for you and not selling it to another buyer for at least 14 days up to 1 month. Secondly after that period, you suppose to pay 20 to 50 percent from the selling price by bank transfer, from your country to the seller account in Thailand. Another 25 percent is paid later and at the 'hand over of the title' the fully 100 percent suppose to be paid. With most of the Thai developments. a steady payment plan is worked out because the property is not ready to move in and your payments follow the evolution of the property.Various payment methods are possible but if it is very different from the previous example, than something is wrong. Here the agent will come in with negotiating that the payment structure is fitting your financial situation and will defend your part of the deal.Unfortunately for some of the developers, money cannot been brought into Thailand anymore in a suitcase, full of hard and black American dollars. Every payment has to be legal and every bank trans action needs official documents before sending.

 

The answer on the question how to pay your Thai property is: easy, just follow the developers or agent pay structure, step by step. The payment system is worked out for you before you buy and is going smoothly.