Make sure you have everything in order before listing your property. Our comprehensive guide covers all the legal and practical steps.
Selling a property in Thailand involves several legal and practical steps. This checklist helps you prepare, price and close the sale smoothly.
Prepare your documents Gather the title deed (Chanote), your passport, the sale and purchase agreement from when you bought, and any building permits. Foreign sellers should also prepare the foreign exchange transaction forms (FET) used when the funds originally entered Thailand — these are needed to repatriate the proceeds.
Set the right price Research recent sales of comparable units in your building or area. Overpricing is the most common reason listings sit unsold for months. A professional valuation gives you a defensible asking price and strengthens your negotiating position.
Understand taxes and fees Budget for withholding tax, transfer fees (typically 2% of the appraised value, often split with the buyer), and specific business tax or stamp duty depending on how long you have owned the property. Your agent or lawyer can calculate the exact amounts for your situation.
Present the property well Professional photography dramatically increases inquiry rates. Declutter, fix minor defects and consider a fresh coat of paint. For condominiums, ensure the common area fees are paid up to date — buyers and their lawyers will check.
Choose the right agent Work with an agent who has an international buyer network and can market your property in multiple languages. At Sabai Real Estate we present your home to buyers across Europe and Asia in their own language, which shortens time on market.
The transfer at the Land Office On completion day, buyer and seller (or their representatives with power of attorney) meet at the Land Office. Taxes and fees are settled, the transfer is registered and the new title deed is issued. Funds are typically transferred by cashier's cheque or bank transfer on the same day.
After the sale Cancel utilities and insurance, notify the juristic person of the condominium, and keep copies of all transfer documents for your records and tax reporting in your home country.