How to Buy Properties in Phuket Abroad

In today’s trend in the real estate industry, investments have now become global.

As the entire world can now be connected through the internet, gone are the days when one needs to go to places to process purchase properties, especially with e-commerce. The pandemic has also made it challenging to find ease in traveling from one place to another. Now, everything can be done online!

Hence, let us help you get into five simple steps to buy properties online, especially those in Phuket.

Step 1: Set your Property Goals

The first step to making an online property purchase is to know what the purchase’s goal is. Suppose you intend to engage in high-end marketing, long-term leases, or maybe find a personal property. You need to consider specific purchase details, such as property type, style, size, amenities, surrounding area, among others. Phuket offers several viable properties, and it can get overwhelming when you have not identified what your property needs are. 

Step 2: Partner with the Right Real Estate Firm/Agent

As remote purchase limits you from engaging in the actual processing of the property, you need to partner with a reputable real estate agency or professional real estate agent. Your trusted agent should be knowledgeable on how the Phuket real estate market works.  

Part of the agent’s responsibility is finding properties with the best value, especially if you plan to be involved in the business side of the property market. Consider also whether your partner agency is well-versed in the legal and technical aspects of the property. Remember that your agent serves as your representation. Hence, ensure that you get the best representation possible.

Step 3: Attend Virtual Home Tours

The downside of finding properties online is how product photos and descriptions can be deceiving. With some photo editing touches, you might not get the same experience in its real sense. Fix this problem by attending online home tours. With the help of your agent, you can look into every aspect of your prospective property. Make sure also to ask questions about salient points and details during the online tour. 

Take note that this is an essential step before you continue the property purchase. When you feel a strong connection with your property, you are now on to the process’s technical aspect.

Step 4: Ensure Legalities of Purchase

Once you find the property that fits your needs, you are now ready to enter the legal side of the purchase. Your agent may have helped you negotiate the best value for your property. However, you need to seek legal services to ensure that your purchase is legal. This could be done by paying your due diligence services. 

Since your purchase is made remotely, your lawyer will first secure documents for the bilingual power of authority to transact on your behalf. Your legal team will look into every facet of the purchase, and once cleared; you are now ready to finalize the deal!

Step 5: Seal the Deal

When everything is set in place, your agent will then send you all documents that need to be signed. You need to complete and send them back after you have complied with your scheduled payments. Voila! You have successfully made an online purchase!

Like in any form of online purchase, remember that you need to practice wise purchasing practices!