Buyers

Property Sales Plummet in Northern Thailand as Home Buyers Dry Up

Developers in Northern Thailand a bracing for a huge slump in the residential property market as home buyers become fewer and fewer. Furthermore banks are imposing stricter rules on home buyers and denying mortgages. Prat Wongwan, president of the Chiang Mai Real Estate Association, said the economic slowdown and lower confidence among home buyers will lead to a continued drop in the property...

How Pets Factor Into Home Sales

If anyone is happy about our being stuck at home, it’s our pets. Owners who previously left for work every morning have become constant companions to pets during the pandemic, providing scratches, treats and walks throughout the workweek. This writer’s own skittish rescue cat has become increasingly playful and willing to accept a pat or two as the lockdown has stretched on. According to reports...

Should real estate agents tell buyers about your building’s funds or improvements?

Q: Most real estate agents representing condo buyers don’t educate their buyers about condo reserve funding: the pros and cons of fully funding, partially funding or nonfunding of reserves. My beachfront condo in Hua Hin was listed for 15 months with enough showings but no offers. After a while, I contacted some of the buyers’ real estate agents and inquired about . Most of them said the buyers...

Benefits of Short Sale for Buyers and Sellers

What is a short sale? Let's break it down. Say you're selling your home; however, the offer you get is so low, it won't cover the total amount you owe on your mortgage. But you need to unload it, so you'll take it. This is a short sale—simply put, you end up “short” on paying back your lender, and your lender agrees to accept less than what's owed on the loan. Short sales aren't the norm, but they...

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