An essential part of the real estate acquisition process in Thailand is properly conducting Property Due Diligence

Why You Need Due Diligence

Any time you acquire property in Thailand, you face certain risks. It doesn’t matter how you acquire the property, unforeseen problems can appear. The most common problems the experts at Professional Corporate Services have seen by property buyers or transferees include eviction issues, owner issues (seller is not really the owner), or restrictions on land use, or on building construction. These are just a few reasons why we highly recommend that the buyer commission PCS to conduct a thorough Property Due Diligence.

The Property Due Diligence Report

As real estate experts, Professional Corporate Services knows exactly what information is important to verify. We dig deep into the property archives to retrieve relevant details and then prepare a report for our client. Reports can be ordered by buyers or sellers. Here is a list of what information we return in our report;

  1. Location
    1. Precise location of the property
    2. Accessibility
    3. Right to access
    4. Vicinity & environment
  2. Strata Title
    1. Strata Title
    2. Government accessed value
  3. Building Details
    1. Building - Improvement details
    2. Building - Structure and improvement inspection
    3. Building - Structure and improvement details
  4. Law and Regulations
    1. Town planning
    2. Building control regulations
    3. Expropriation
    4. Limitation to use
    5. Other regulations (if any)
    6. Government development plans (if any)
  5. Property Analysis
    1. Advantages and disadvantages of the property
    2. Opinions and comments (if any)
  6. Valuation
    1. Rationale
    2. Assumptions and conditions
    3. Other assumptions and special assumptions
    4. Valuation Methodology
    5. The value of the property
  7. Appendices
    • Location plan
    • Site map
    • Building layout plan
    • Aerial photographs
    • DSIMAP
    • City plan
    • Photographs of the property
    • Copy of the Strata Title

Litigation Against The Property Owner

Professional corporate services will also conduct a litigation search to check whether there are any litigation cases against the owner which may affect the property. In some cases, owners have been sued for various reasons and the plantiffs have placed a lean on the property. This would be certainly cause the buyer a little problem or would not permit the property transfer to go as smoothly as it should.

SUMMARY - Property Due Diligence is a very important step in the real estate purchase process so we encourage property buyers to give us a call or make an appointment for a consultation with one of our Real Estate experts. Please remember the 1st consultation is totally FREE so don't hesitate to contact us for more informtion!

Contact PCS

Our Address

219/2 Asoke Towers Building, 2nd Floor, Sukhumvit 21 Road

Email Us

info@pcsthai-1.com

Call Us

+66 2 120 9480

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