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On 6/10/2020 at 12:24 PM, DrJack54 said:

So my question is buy now or hold off till later?

Might well be depending of area. If in a turist-area wait some month, maybe half a year. But as @worgeordie wisely said, don't stop looking...😉

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6 minutes ago, khunPer said:

Might well be depending of area. If in a turist-area wait some month, maybe half a year. But as @worgeordie wisely said, don't stop looking...😉

Thanks for advice. Mean that.

One of the problems is that "the area" is too flexible from my side. 

Here is my thinking....The Thai partner will (I think) always wish to be central.

Currently we Phra Ram 9. Perfect. Love it.

In few years I'm thinking over condo life and might like see out the end game in detached condo or even home in sticks.

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On 6/11/2020 at 5:18 AM, mr mr said:

no advice just a simple offer.

 

just give me the money i'll kick you in the balls and you'll feel the same as you will when you get punked.

maybe the guy knows this lady well and she will not and does not want to rip him off , there not all the same.

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13 hours ago, madmen said:

"Disclaimer: Investments made through a P2P lending platform are not protected and are subject to risks including credit risk (defaults) and liquidity risk. These investments are not subject to review by theAustralian Financial Complaints Authority."

 

good luck with that.

Quite correct. My luck seems to be holding up quite well after 5 years.

Maximum single investment is $500. It's called risk spreading.

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the aus dollar is best its been for a long time but the next month or so might get a little better and house prices are down so tread lightly take your time

 

 

 

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2 hours ago, Tomahawk21 said:

maybe the guy knows this lady well and she will not and does not want to rip him off , there not all the same.

Yeah, they are.

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19 hours ago, kenk24 said:

I think the reason that some of the information is vague is that unlike most Western places, it is rare that an agent is given an exclusive. 

 

It has been a buyer's market for a long time and often that has merely meant that there were a lot of properties on the market, not so much a compromise or a meeting of a real market price. Until the owner wants to drop the price to a reasonable point, it likely will not sell, but I have seen when people do drop the price, it sells quickly... so, you are of course best to take the time and learn the market in the area you want to buy... 

 

Also, since this is pretty much a gift - get some feedback from the lady... not everyone wants to be a landlord.. it can be a real pain. If you are not planning on living there, there might be better investments, like gold or vacant land... land appreciates, buildings depreciate... 

 

I have a lot of experience w/these types of investment/gifts... mostly at first we bought farmland for the family to make a living... though we recently bought a nice home that had been reduced in price about 35%... when the owner needs to sell, it becomes a different game...

 

if you need any further info, you can PM. - - glad to help if I can. 

If you are buying to rent, please remember the three golden rules - location, location, location.  Good luck!

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2 minutes ago, robertson468 said:

If you are buying to rent, please remember the three golden rules - location, location, location.  Good luck!

Thanks but I am not really buying/nor buying to rent... 

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I'm guessing these days you have ample time on your hands?

 

Build a home for her, but please do not use any standard designs.

 

Do exactly what you feel would make both of you happy, put in things like electric gates, Jacuzzi in a corner of the living room, perhaps near the bbq sundeck, walk in closets, do whatever you feel like!

 

4 million is doable in the countryside, with all the features you like.  You will thank yourself in years to come..... 

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On 6/10/2020 at 10:43 PM, Mama Noodle said:

Its been my experience that finding a 'deal' on a property is a matter of finding someone desperate, which is rare, and thais whether it be land, homes, or condos will just ask for a high price and hold it for 10 years if they have to in order to get it. 

One would think they're should be a lot of desperate people about in the coming months, i'd wait another 6-12 months.

 

Bargain hard, as someone has mentioned 50% of asking price is what i'd offer.

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I do suggest that it is pretty easy to take advantage of a detached house owned by an absentee. There's some security in a gated community and very minor fees for street sweeping, lights, guardhouse. They're a lot more resistant to rascality.

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3 hours ago, HashBrownHarry said:

Bargain hard, as someone has mentioned 50% of asking price is what i'd offer.


I think even a desperate person would likely take that as an insult. 

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8 minutes ago, Mama Noodle said:


I think even a desperate person would likely take that as an insult. 

If you're not embarrased by your initial offer then it's too low.

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Posted (edited)
16 minutes ago, HashBrownHarry said:

If you're not embarrased by your initial offer then it's too low.

Wrong way around, for this market.
If, as a buyer, you are not embarrassed by your offer it is, very likely , too high!

To paraphrase, The lights have gone out all over Bangkok, they will not come on again during our lifetime.

Edited by wordchild
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17 hours ago, Mama Noodle said:


I think even a desperate person would likely take that as an insult. 

Agreed...even though some owners ask crazy prices, where 50% off would actually be a fair value (thinking about the ฿250k+/sqm 1BR condos), those units are better off just left on the shelf with the owners living in their fantasy land.  Some people price their units more realistically and 20-25% below asking price would be more reasonable (all things considered).

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