Pitfalls to avoid in purchasing Thai property
Buying property in Thailand needs a lot of planning and experience.
The first and most important step you make before buying property is an examination of title deed at the Land Department. You have to be sure that the seller has legal title of the land before you sign a contractual agreement. The title search will trace the land to its first possession. It will show if there is any mortgage on the property. It wouldn’t be the first time that a owner has no right to sell at al because it is already property of the bank.
Contracts in Thailand do not always adhere to the international standards that we are used to and can seem unfamiliar. Of course you can get advice from your lawyer in your own country but he will not be familiar with the Thai laws.
a local estate agent who is experienced in property transactions makes it much easier The agent speaks Thai and is familiar with the location. Don’t expect to much from your agent. Mainly he is a go between seller and buyer.
When you have found property, you put down a fee or deposit. This is refundable.

