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On 2/9/2020 at 11:08 PM, CNXexpat said:

The problem is, my wife has no income, same as me

this is really a problem... why would anyone lend money to someone w/no income? The first thing a lender looks at is ability to re-pay. There is tons of home surplus inventory in CM... mostly priced well above an uncertain market value... unless your home is very special, or very cheap, selling is becoming increasingly difficult. 

 

I think prices in CM will continue downward, but the good news is that will happen in Pattaya too.. 

 

When I was looking I called signs in front of houses and the owners had been trying to sell for so long with so few inquiries that they forgot about the house entirely,  

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On 2/9/2020 at 8:54 PM, CNXexpat said:

It´s all a question of the price and the time I am willing to wait. But that´s not my question.

The French man who sold his house to us in CNX waited 6 years before someone bought it, and its done out in a luxurious style. Thais only like buying new stuff, houses could have bad spirits.

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We (the missus) had our beautiful 2 storey air-con 4br 2bath with solid teak doors house on big land with lumyai (longan) orchard in Saraphi (built it 2008) on the market for nearly a year for 2.5 mill baht. It was built to cyclone/typhoon safety standards and had high grade electrics too. Had many Thai lookers, but most were just tyre-kickers who wanted to see how a farang lives, or dreamers who had no money and could never get a loan, as they were already in debt to their eyeballs. We ended up taking 1.53 mill cash in 2013, which was a bargain for the Chinese-Thai lady manager of Singha brewery CM who bought it. (We had to sell, as I needed urgent cancer treatment in Oz). We still made about 100k baht profit, but it hurt to let it go so cheap. The lady re-sold it 4 years later for 2.4 mill baht. I went to look at it last year whilst in CM - the new owner had sold off the orchard which was now 6 tiny townhouses and, had repainted it bright red with gold trim - it looked butt ugly, almost like a temple. Beauty is in the eye of the beholder, it seems. Best of luck with your sale and move south. Cheers !

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Advertise a swap maybe someone is looking to come the other way for some bizarre reason🤔

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If you decide to go with the second thought, i.e. a bank loan, then I  wouldn't put a time limit on it, I have known 2 people who have done this thinking (or hoping) there current house would sell and in both cases they couldn't get a sale in the time required which caused a heap of problems.

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Leaving Chang Mai. For bad air quality and substituting it for foul smelling drains of Pattaya why ?

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On 2/9/2020 at 11:56 PM, baansgr said:

You could rent in Huay Yai until your house in CM is sold...rental payments will offset any interest/loan payments. Also you get to see what Huay Yai is like to live befor commiting to a purhase.

Good advice!

The market for homes in the Pattaya area is overflooded. There will good occasions on any price level any time you want to buy in the nearer future.

You don't have to worry if you miss a good opportunity now.

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On 2/9/2020 at 6:58 PM, CNXexpat said:

What do you think makes more sense: take out a loan without a fixed term now with the existing house as security or decide on one of the houses to visit and go to the banks with the Chanot in Huay Yai to take a loan there over a year (then the other house should be sold)?

No bank will give a loan to a foreigner with an old house as collateral.

You need a Thai wage earner who can show the income to repay the loan on the new property.

 

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On 2/9/2020 at 9:18 PM, Vascoda said:

I think Thai people don't prefer to buy used house for the fear of ghost in the house as they don't know if someone died there or not.

I think Thai people don't buy old houses because they can't get a loan to buy them.

Developers selling new houses have friends in the banks that will fix that small credit problem.

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Rent and let the housing market go down more.   Not many people can afford a 5 million  baht  house.  

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1 hour ago, Caine said:

Leaving Chang Mai. For bad air quality and substituting it for foul smelling drains of Pattaya why ?

Pattaya area, what means 20 - 30 km around, not in the middle of the city.

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banks in Holland and i think Germany maybe would give u a short term loan on your stocks a garantee  

 

the rent rate is very cheap better than thinking a yes i  buy new maybe sell old one 

 

others say same sell first then buy  

selling a home especialy in the north is not easy many for sale and many years empty  

 

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1 hour ago, mikecha said:

selling a home especialy in the north is not easy many for sale and many years empty

In my moo baan are 3 houses sold during the last 3 months between 7 and 11 million Baht. They were on the market for around 3 months.

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4 hours ago, mikecha said:

banks in Holland and i think Germany maybe would give u a short term loan on your stocks a garantee  

 

the rent rate is very cheap better than thinking a yes i  buy new maybe sell old one 

 

others say same sell first then buy  

selling a home especialy in the north is not easy many for sale and many years empty  

 

Asian banks too, as long as you use their internal broker you can loan against that as a collateral. 

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8 minutes ago, ThomasThBKK said:

Asian banks too, as long as you use their internal broker you can loan against that as a collateral. 

Perhaps Asian banks - but not Thai banks. They all want to see a regular salary. Not possible in my case . Also it´s not possible to get a loan with the collateral on one house to buy another one, sell the first one and pay the loan back - without regular salary. 

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