Flexible Financing Options for Pattaya Properties: Rent-to-Own Your Thai Condo!
Unlock the Door to Your Dream Condo in Pattaya
Are you an expat or traveler in Thailand looking to purchase a condo but lacking the necessary funds? Navigating the Thai mortgage system as a foreign national can be challenging, making traditional bank loans nearly impossible to secure.
At Rent Buy Thailand, we offer a unique Rent-to-Own Financing Plan that doesn’t require a mortgage! Our Easy Payment Plan (EPP) is specifically designed for foreigners seeking to buy a condo in Pattaya.
Why Choose the Rent-to-Own Option?
Our EPP provides flexible payment plans tailored to your financial situation. This program allows you to break down the cost of condo ownership over several years, making it more attainable for you!
To get started, all we need are two simple details:
1. Your ideal down payment amount.
2. The monthly payment you’re comfortable with.
Based on this information, we will create a personalized financing plan that outlines the down payment, monthly installments, and timeline, while also presenting you with a selection of condos that match your budget.
How the Process Works:
Once you’ve chosen your desired condo, here’s the straightforward process:
1. Pay the initial deposit
This secures the property for you and we will take it off the market and instruct our lawyers to prepare the Easy Payment Plan contract.
2. Sign the rental agreement
Contract is reviewed and signed when each party is satisfied.
3. Make your down payment
The down payment is made and you receive the keys. The condo is noiw yours to move into or rent out as you please.
4. Begin your monthly payments
Monthly payments are made over the agreed time-frame.
5. Complete the contract, and the property title will be transferred to you.
At the end of the contrcat you will have purchased your condo in full. You will receive the Chanote and teh proeprty will be transferred to you.
Sample Financing Scenarios:
For a 1 Million Baht Condo:
Start with a down payment of 300,000 Baht and choose monthly payments ranging from 12,000 to 20,000 Baht, depending on your preferred term.
For a 4.5 Million Baht Condo:
Make a down payment of 3.5 million Baht, and we’ll finance the remaining 1 million Baht with affordable monthly installments.
Easily Upgrade Your Thai Condo!
Thinking of upgrading? Our flexible payment plans make it easy! Here’s why you should consider upgrading with us:
Carry Over Your Payments:
Any previous payments will apply to your new purchase plan.
No Selling Hassles:
Upgrade to a larger unit without the need to sell your current condo first.
Extended Payment Terms:
We can adjust your payment plan to accommodate the higher price of your new condo.
The Buying Process for Foreigners in Thailand
Foreigners can legally own up to 49% of a condominium’s total area (excluding common areas), making condo ownership accessible. Here’s a simplified buying process:
1. Place a Deposit:
Secure your chosen condo by putting down a deposit, indicating your commitment. We’ll work with attorneys to prepare the purchase or rent-to-own agreement.
2. Review the Contract:
After drafting the contract, you can review it to ensure it meets your expectations before signing.
3. Obtain Title Deeds (Chanote):
The Chanote is the official title deed. One copy stays with the District Land Office for registration, and you receive the other copy as the new owner. If utilizing the Easy Payment Plan, the Chanote remains secured until all payments are complete, at which point it’s transferred to you.
Contact Us
If you’re interested in learning more about our property finance program in Pattaya and would like personalized condo recommendations that suit your budget, feel free to reach out to us!