Whether buying or selling a property in Thailand, doing a property transaction typically involves payment of a considerable amount of money. Hence, a buyer or seller should always be wary and keep his interests protected. Whether you are a first-time buyer, already bought a property in Thailand or wish to sell, in any case it is advisable to consult with professionals before one commits to a deal or money changes hands. Make sure that your advisors have solid experience, profound knowledge and are able to properly communicate with you.

Before committing to buy a property in Thailand a buyer should always conduct a proper due diligence with the assistance of experienced legal specialists. The scope of such due diligence may vary and depend on various factors including but not limited to the kind and location of the property chosen, its underlying legal structure as well as a buyer´s individual requirements. If you want to sell a property, ask your lawyers to prepare matters for a smooth and reasonably swift sale well in advance. It is not uncommon that due to a lack of professional planning and preparation, a sale cannot be completed within the agreed time period or, in the worst case, not at all.

Doing your own research is always a good thing to do, however, it cannot substitute assistance by professionals. Depending on the nature and complexity of a transaction more or less comprehensive advice or guidance is recommended to avoid mistakes which may not be possible to rectify later. Unfortunately, too many rely on incorrect or outdated information posted on the internet, poor advice from lay people, or help from persons with a conflict of interest, which can have painful consequences.

Whenever you want to buy or sell a property, whether out of or in Thailand, you should always avoid unnecessary risks. The belief that one can easily carry out a real estate transaction in Thailand without professional legal assistance often turns out to be a mistake or a risky attempt to save money in the wrong place. Be smart, always seek legal advice to avoid aggravation or even mistakes which you eventually will regret.