Real estate agent fees in Thailand: how much does a real estate agent charge?
In Thailand, when it comes to buying a condo or home, many people will choose an agent that works in the industry over someone who is not. In part, this is because hiring a realtor makes sure that both parties are protected under law and also ensures a smooth transaction.
However, what costs should you expect your condo for sale in Pattaya to include? All condo buildings in Thailand have an association that oversees the running of the condo and its rules. It is likely that this condo association has a fee to pay in order to register new condo owners into their building-and if you buy from an agent then they take care of this price for you.
An even bigger cost related to realtors is commissioned: these fees can be extremely high and vary depending on the condo. Some condo buildings do not even allow realtors to charge commission fees, but instead, pay them a small fee for each condo sold.
As it costs condo builders a lot of money to gain condo owners, they want to make sure that they recover this cost-and this is why condo service fees are so high as well as commissions.
The question now remains: how much do Thai real estate agents charge? In Pattaya, you can expect your agent to have a 1% commission from the price of the apartment sale price. If you buy from an agent which works directly for the owner, then it will be less than that as their own income will be lower. Â If there’s no agency involved, the condo owner will save the condo fee.
Typically, condo fees are between 100 and 200 baht/square meters per year. As for house sale prices in Pattaya, the commission rate is usually around 2% or even 3%. This can be negotiable though, so if you want to negotiate it then you should speak directly with your agent. The same goes for condo service fees-you need to ask your condo Pattaya for rent directly as these can vary wildly.
Most Thai real estate agents charge a minimum of 1 month’s condo fee plus VAT (value-added tax) but this could factor up to 2 months’ condo fee + VAT, depending on the price of the apartment sale price.
So in general these are the main field of fees to look at;
Basic condo fees
I’ll start by mentioning the condo fees that are applicable in Thailand. All condo buildings in Thailand have an association that oversees the condo building and its rules. It is likely that this condo association has a fee to pay in order to register new condo owners into their building-and if you buy from an agent then they take care of this price for you. There are also condo service fees which tend to be between 100 and 200 baht/square meters per year. These condo service fees can be negotiated, but it’s best to ask your condo Pattaya for rent directly as these can vary wildly.
Fee for buying a condo in Pattaya with an agent
There are many reasons why you should hire a condo for rent Pattaya agent. One of the main benefits is that they ensure both parties are protected under law and helps to make sure that there are no major legal issues in the condo purchase process. For example, if you hire your own condo Pattaya broker then it may be possible that you’ll face problems with condo association fees being too high for you, which might cause legal problems down the line.
Some condo buildings also have condo service fees. There are condo service fees related to condo building amenities like pool privileges or fitness center access. The other condo service fee is related to condo development charges which pays for the construction of the condo building and amenities.
What are the benefits of hiring a realtor?
There are many benefits of hiring a condo Pattaya for rent agent. One of the main benefits is that condo brokers ensure condo buyers and condo sellers are protected under law and help make sure there are no major legal issues in the condo sale process. For example, if you buy your own condo Pattaya broker, it may be possible you’ll face problems with condo association fees being too high for you, which might cause legal problems down the line. Some condo buildings also have condo service fees. There are condo service fees related to condo building amenities like pool privileges or fitness center access. The other condo service fee is related to condo development charges which pay for the construction of the condos and amenities.
