Comments on: Kissing the Property Frog http://www.escapefromamerica.com/2009/10/real-estate-in-thailand/ Live where you want to live... Live how you want to live... And make money doing it! Tue, 27 Jul 2010 12:44:20 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Bungle http://www.escapefromamerica.com/2009/10/real-estate-in-thailand/comment-page-1/#comment-613 Bungle Sat, 24 Oct 2009 03:35:24 +0000 http://www.escapefromamerica.com/?p=1163#comment-613 In Thailand there is no such thing as 'sole agency' and all too often buyers will contact owners after an initial meeting to try and negotiate a cheaper price without involving the introducing agency. Bart paints the picture of most agencies being amateur in their approach, however he cannot see the other side of the coin. He says that the property has been viewed by 8 prospective buyers, but how many of these viewers have been 'qualified' by the selling agent? Maybe they are just holidaymakers that want to spend a day looking at properties and have no intention of actually parting with any cash. Does this make that agent 'better' than another that only bring clients that are actually serious about buying? This appears to me to be the writing of a man who is frustrated that he has not been able to 'flip' a condo in order to make money to support his life in Thailand and I would agree with Gordon that this 'work' is probably being done without a work permit. It's a buyers market at the moment and the developer of this condo (Town & Country) has acknowledged this and adjusted their sales strategy accordingly. Why buy this condo from Bart when you can buy direct from the developer for 50% down and the balance interest free over 5 years? In Thailand there is no such thing as ’sole agency’ and all too often buyers will contact owners after an initial meeting to try and negotiate a cheaper price without involving the introducing agency. Bart paints the picture of most agencies being amateur in their approach, however he cannot see the other side of the coin.

He says that the property has been viewed by 8 prospective buyers, but how many of these viewers have been ‘qualified’ by the selling agent? Maybe they are just holidaymakers that want to spend a day looking at properties and have no intention of actually parting with any cash. Does this make that agent ‘better’ than another that only bring clients that are actually serious about buying?

This appears to me to be the writing of a man who is frustrated that he has not been able to ‘flip’ a condo in order to make money to support his life in Thailand and I would agree with Gordon that this ‘work’ is probably being done without a work permit.

It’s a buyers market at the moment and the developer of this condo (Town & Country) has acknowledged this and adjusted their sales strategy accordingly. Why buy this condo from Bart when you can buy direct from the developer for 50% down and the balance interest free over 5 years?

]]> By: Bart http://www.escapefromamerica.com/2009/10/real-estate-in-thailand/comment-page-1/#comment-602 Bart Fri, 23 Oct 2009 01:16:04 +0000 http://www.escapefromamerica.com/?p=1163#comment-602 Retired from advertising. "Developing" defined as buying, improving and selling property. One doesn't need a work permit to do that even on a full-time basis ... especially if you're employing Thai people and paying taxes. Retired from advertising. “Developing” defined as buying, improving and selling property. One doesn’t need a work permit to do that even on a full-time basis … especially if you’re employing Thai people and paying taxes.

]]> By: Gordon http://www.escapefromamerica.com/2009/10/real-estate-in-thailand/comment-page-1/#comment-592 Gordon Thu, 22 Oct 2009 03:14:45 +0000 http://www.escapefromamerica.com/?p=1163#comment-592 "Bart Walters is a retired advertising executive from Orlando, Florida. He is now a part-time real estate developer celebrating his 10th year in Thailand." So is Bart 'retired' or working as 'a part-time real estate developer' ? If he's working, I wonder if HE has wrangled(sic) a foreign work permit? “Bart Walters is a retired advertising executive from Orlando, Florida. He is now a part-time real estate developer celebrating his 10th year in Thailand.”

So is Bart ‘retired’ or working as ‘a part-time real estate developer’ ?

If he’s working, I wonder if HE has wrangled(sic) a foreign work permit?

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