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Your Real Estate Agency in Pattaya Thailand
So how do you choose the right real estate agency in Pattaya amongst so many others? To answer this question you need to know what you must expect from your Pattaya real estate agent and agency. A good real estate agent must identify the needs of their client. They must understand why the buyer is looking to purchase a property in the Pattaya real estate market.
What makes for a good Pattaya real estate agent and agency?
Do not get frustrated if your real estate agent in Pattaya asks you too many questions. Professional real estate agents in Pattaya tend to ask a lot of questions so that they may qualify the need of their buyer. A good real estate agent must know if their client is an owner occupier, an investor, what type of investor etc. The amount of information a Pattaya real estate agent has about their client the better their chances of tending to they client’s every need. All of this can result in achieving the best possible outcome for their client.
Choosing Pattaya real estate agents
When choosing Pattaya real estate agents choose the one that asks you the right questions about yourself. a good Pattaya real estate agent must know everything about their client’s circumstances, not just their buying power. A good real estate agent in Pattaya not only knows the market but he or she must also know there clients.
Our Real Estate Experience
- Victorian Agent Representative REIV License since 1995 at NMIT Institute of Victoria
- Certificate 4 Finance at AAMC Institute of Victoria 2004
- Director of Money & You Co Ltd 2004
- Victorian full real estate agents licence 2008 REIV
- Property And You Co Ltd (Thailand)
- Nova Group Thailand 2009 – 2011
- Tulip Group Thailand – 2011-2013
- Kingdom Property Thailand- 2013
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What is the problem with the current Pattaya real estate & property market?
We know the heading on this page is a pretty strong statement to make. To say that we are the No. 1 and one of the best real estate agency in Pattaya is something that you would almost see on every website. There are many good and reputable real estate agencies across Pattaya who are very good at what they do but for many others this statement has become merely of a slogan.
In the tough current real estate market in Pattaya its become somewhat difficult and in some cases impossible, if you are dealing with inexperience agents, for property investors to get the 2 things that they want the most from their property investments in Pattaya.
- Good Rental Return % (8% – 10%)
- Capital Gain
As there is an overflow of properties for rent in the Pattaya real estate market its become very difficult for rental property investors to achieve a good rental yield and still stay competitive so that their investment property doesn’t stay vacant.
On the other hand with the slow global financial situation good property investments in Pattaya have become a bit more scares than buyers have been used to. Specially investors who thought a 2 year buy & sell time is going to last for ever. In most countries one has to hold on to their investment for around 7 – 10 years but for a few years in Pattaya we could buy & flip even in a 12 months period and make around 60% on their outlay. Why we say outlay and not price is that many of these investors bought off plan, paid around 40% of the total price & then flipped them making a profit of around 50 – 70% on their original outlay. Pattaya being an easy real estate market to get in to due to its very easy 0% payment plans paired with her very low entry prices tag made sure that there were always lots of transactions. But when it lost one its biggest & most frequent investors, being the Russian investors, at the same time of some other nationalities due to currency exchange losses, the market suddenly panicked and slowed down.
To make a long story short property investors in Pattaya are currently experiencing very low capital gains & sometimes a negative capital depreciation on their property investments.
What is our approach to the current problems in the Pattaya real estate market?
What makes us different to many other agencies is that we have many years of experience in the property market and therefor we have expressed at least 4 major global financial crisis.
We also have money ties up in property & real estate just like any other investor, just like our own clients. Basically we are not just agents, we are people, and we are property investors with investments exceeding most of our clients. The problems with many agents in Pattaya (not all) is that they have barely invested with their own money. Next time you meet an agent make it a part of your questions to ask about their own property investment experiences, not just that of their clients.
Anyway, so lets get back to our approach to the current real estate dilemma many investors are facing in Pattaya. We realised 12 months ago that there would be many troubled Russian investors needing to sell in the next 2 years and we realised the potential of what many saw as a problem. Basically we have gathered all of the distressed properties on the market and thats been our business niche during the past 23 months.
This is great news for our rental investors as well as our capital gain investors. When you buy through us you get a choice of the cheapest distressed properties in Pattaya. We have houses & condos that are around 30% – 40% cheaper than their real market value. Some might ask well thats not a good sign and how can we gain from buying in such a weak market. So lets go back to the main 2 points we mentioned before.
- Good Rental Return % (8% – 10%)
- Capital Gain
For rental investors, when you buy 30% under the market value you can afford to be most competitive with your rental asking price while still achieving a return of 8% – 12% on your purchase price. Taking in to account that asking for less rent than your competitors (who paid much more than you did for the same investment property) will make sure that your property gets rented out sooner and for longer periods as its now more affordable. Our approach & experience now creates a better investment environment compared to even when the market was hot & busting as you now get high returns and less vacancy. This is a real achievement that we are so proud.
Now lets get down to capital gain & lets explain to you how you can still achieve a great capital gain, even in this market. Every experienced investor knows that to get the most out of your property investment you need to hold on to it for at least 5+ years. So don’t enter in the current market if you are looking for a quick turn around time as you will lose. But for those who understand the real deal property market and are willing & able to hold on to & service their investment properties for 5+ years there is great profits ahead. We have properties between 800,000THB to 5,000,000THB below their real market value & developer price. Any of these properties can add up to an instant capital gain, but you will need to take your time to cash it in. All you have to do is to find a real good bargain, negotiate the hell out of it to reduce the price even more, then hold on to it until the next market boom, or even until the market stabilises. During that time the only investors in Pattaya who will be laughing all the way to the bank will mainly be the investors who valued & utilised our advise/experience in to their property investment strategy.
What is Pattaya Property Pro
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