Step 1: Reserve the Property
Sign a Reservation Agreement and pay a deposit (usually ΰΈΏ50,000β200,000). The deposit is refundable if the seller defaults, but forfeited if you withdraw.
Step 2: Legal Due Diligence
A Thai lawyer checks: Chanote title, encumbrances, foreign ownership quota status, developer credentials. Cost: ΰΈΏ15,000β50,000.
Step 3: Transfer Money from Abroad
Funds must arrive in Thailand in foreign currency with the purpose stated as "purchase of condominium." The bank issues a Foreign Exchange Transaction Form (FET) β critical for future repatriation.


