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...
Real estate investing is one of the best possible ways to drive personal wealth. If you want to become a millionaire, or even a billionaire, I believe the smartest way to achieve this is through a laser focus on this asset class. Unlike the extremely cyclical nature of the stock market, low-interest-bearing savings accounts and other avenues, real estate is able to provide a uniquely safe investment...
It’s natural instinct to delay big spending decisions during times of economic uncertainty. It makes sense on the surface but could actually cost you in the long run. Sellers are more willing to make a deal now and home prices will begin to recover in the coming months. Of course, you can’t simply make a low-ball offer and expect to get the property you’re after. Here are four tips to help you...
The Bangkok serviced apartment market remains stable even with these units facing greater competition for condo units. Several prominent Thai developers, including Sansiri and Ananda, have entered the Bangkok serviced apartment market in recent years as they look for ways to increase revenue and create sustainable passive income. However, the future of the segment is now cloudy. According to Colliers...
While it is possible to remodel or flip a home on your own, it's often the case that those who attempt to do so end up realizing that they are not equipped with enough knowledge to carry out every aspect of the project independently. This is because flipping an entire house involves many processes and techniques that even the most seasoned real estate industry professionals may not understand. With...
Thailand’s richest man wants to set another record. Billionaire Charoen Sirivadhanabhakdi, via his recently listed property unit Asset World Corp, has his sights on building the nation’s tallest skyscraper. Details are scant -- no official height has been set and completion isn’t expected until 2025 -- but the tower, at the centre of another $948 million project on the banks of Bangkok’s...
An increasing number of countries have begun the process of implementing functional and legal frameworks to regulate blockchain-recorded tokens over the past several months, which has led to increasing exploration of these technologies across many investment sectors. Further, the use of distributed ledger technology (DLT) is a powerful disruptor at the transactional level, where significant...
As a first time home buyer, you likely have many questions about what to expect in the upcoming months. Many first time buyers will get caught up in the process and jump in with both feet, only to make mistakes that can end up costing them thousands of dollars. As you consider your options and start looking for homes, be cautious to avoid these common first time home buyer mistakes: 1. Buying Too...
Real estate is generally a great investment option. It can generate ongoing passive income and can be a good long-term investment if the value increases over time. You may even use it as a part of your overall strategy to begin building wealth. However, you need to make sure you are ready to start investing in real estate. For one, you will need to put down a significant amount of money upfront to begin...
The property market of Thailand has a life of its own. Critics say there is a sense of isolation in the Thailand real estate market. There are also rules – or the lack thereof – that deviate from what you normally see in foreign real estate markets (i.e. absence of appraisal policies, transactions going haywire). Unstructured Thai Property Market Former CBRE property consultant Natthapon...