When someone purchases real estate, it's natural to wonder how to sell it in the future if the need arises. Selling property in your own country requires careful preparation, and selling a condo or villa in Phuket is no exception. In this article, we will go over the essential steps to a successful deal.

Action Plan

To prepare for the sale, it's crucial to understand the sequence of actions. The following steps are necessary for a successful deal:

• Choose a specialist
• Determine the timeline
• Prepare the documents and photos of the property
• Study the market and pricing

Choose a Specialist

We recommend seeking an experienced real estate agent who will guide you through the process of the deal. A good agent will assist with property valuation, paperwork, transfer of ownership, and a thought-out marketing plan. With the agent's commission being 5-7% of the sale, you can benefit from the agent's services in facilitating the deal for free. Thus, the realtor is interested in securing the best terms for you in both cost and timing.

Determine the Timeline

Most potential buyers are foreigners. Based on our experience, the best time to sell your property on the island is from November to April. During this time, the number of tourists increases significantly, which boosts the chances of a quicker sale. However, our clients have also successfully sold their properties during the so-called low season. A well-thought-out sales strategy and the increase in remote purchases and sales contributed to this success. On average, the process can take from one month to a year.

Prepare the Documents and Photos of the Property

To sell your property, you will need the following documents:

• A copy of Chanote on both sides
• A copy of the Blue Book
• A copy of your passport/ID
• A sales contract or lease agreement*
• A DBD form (in case of registration under the company)
  *The master plan and layout should also be attached, which you can usually find in the sales contract or lease agreement.

Promotional Materials

Preparing high-quality photos is critical since this is the primary factor that can interest a potential buyer who will spend a few seconds viewing it. Therefore, photos should be bright, and the space in the condo or villa should not be overcrowded. This means having fewer personal belongings and, if possible, furniture that is not included in the sale. Avoid having pets in photos, including when viewing a condo. Not everyone is a fan of pets, and some may have medical contraindications, which may deter potential buyers. To get high-quality photos, you can hire a professional photographer, which can significantly speed up the process of selling your property.

Market Research and Pricing Analysis

Before selling your property, it is essential to conduct thorough market research and pricing analysis. This will enable you to determine the approximate value of your apartment or villa based on similar properties and the availability of infrastructure.

It is important to keep in mind that transferring property rights requires paying a specific tax, the amount of which depends on the ownership status of the property. It is also worth noting that land value plays a significant role in determining the overall property value. Therefore, it is advisable to follow the formula: more land area equals higher prices. Additionally, it is essential not to sell below the market price. If you purchased the property several years ago, its value has likely increased. Determine the maximum threshold for negotiation, and avoid setting an inflated price that may leave your property on the market for an extended period without any potential buyers.

Selling Your Property with Ease

The process of selling your property does not have to be complicated, particularly when working with a competent specialist. You won't have to worry about determining the best selling price as an experienced realtor can help with this matter. Our agency, Apart Homes, has been on the market for over six years, and we provide a full range of services from buying and renting to selling your property.

Do you have any questions or want to sell your apartment or villa?

Contact us via email, phone, WhatsApp, or Telegram, and we will be happy to provide you with a free consultation on all issues related to property sales.

✔️ E-mail: hello@apart-homes.com

✔️ Phone: +66 83 503 2555

✔️ WhatsApp: +66 83 503 2555

✔️ Telegram: +66 83 503 2555