10 Top Tips From a Pro to Sell Your Property in Thailand

10 Top Tips From a Pro to Sell Your Property in Thailand

Buying property can be a very exciting process…selling it on the other hand is a different story entirely – particularly when you are dealing with an unfamiliar market, such as Thailand. That said, there are a number of steps that you can take to make the process a little easier on yourself. 

If you want to experience success with selling your property in Thailand and wish to make the process as painless as possible, this is the article for you. We’re going to share some hot tips from experienced real estate agencies in Thailand, for your convenience. Here’s everything you need to know… 

1. Remember, it’s a buyer’s market 

There is a huge amount of supply and demand in Thailand which puts the ball very much in the buyer’s court. That’s not to say that you will be unsuccessful in selling your property, but it does mean that you may have to be realistic about your asking price. 

The fact is, if you over price your property and refuse to budge, you are going to have a hard time. Fortunately, there are a number of things that you can do to not only add value, but increase the overall buyability of your property (which we will cover shortly). 

2. Do plenty of research on other, similar properties on the market 

Before you can make an informed decision, first you must research all of the surrounding properties that are similar to yours. 

If you are trying to fetch a significant amount more for your property when there are dozens of similarly sized, situated, and featured properties, you’re going to have a difficult time. Save yourself the headache by knowing what you are up against in the current market – then position yourself accordingly. 

3. List your property online with quality and reputable websites 

Put your property up online but be selective. You should opt for reputable real estate websites like Lazudi that have excellent search features and a decent reach. 

4. Create a killer offer 

One thing you may notice in your research is how lazy some sellers are with their offers. This is good news for you because if you take the time to create a killer offer, yours will easily stand out above the rest. 

But, how do you go about doing that? 

  • Provide detailed and accurate information
  • Utilise bullet points to highlight key features and essentials
  • Consider hiring a professional interior designer to stage your home
  • Take high-quality photos (and provide plenty)
  • Emphasise the winning features in your property
  • Use the correct keywords.

If you don’t feel confident in writing your property description, we’d recommend that you consider hiring a professional copywriter to assist you. A well-written description is a cost-effective solution to making your offer pop.  

Excellent copy that tells the story of your property will make it far more memorable to those prospective buyers who will be looking at dozens of others. 

5. Highlight the location and outline all local amenities 

Think about what you look for in a property. What would you want to know when searching for a new home? 

  • Local schools
  • Infrastructure
  • Public transport
  • Bars and restaurants 
  • How close are the nearest shops? 
  • Are there any local parks and open spaces? 
  • What famous attractions are in reach? 

Highlight the key amenities, provide a map and Google Street View, and your prospective buyers will greatly appreciate it. 

6. Be as flexible as you can with viewing hours 

It might not be ideal having someone come to view your property at 7am – or indeed 8pm – however, the more flexible you are with viewing hours, the more likely you will be able to find that dream buyer. You should aim to say yes to every showing request. 

7. Consider reducing the price 

If you are in no particular rush to sell your property, by all means try fetching your desired price. However, if you want a fast and smooth transaction, it may be worth lowering your asking price. 

Again, the market is highly competitive and many people are selling their properties at considerably low prices right now. If you want yours to stand out from the rest, you may need to get a little competitive. 

8. Be honest and fix everything 

The key to selling a property in Thailand successfully is by being patient, honest, and fixing any issues that might act against you. 

If for example, some potential buyers inspect your property and point out a few faults, have them resolved before the next viewer comes along. 

Don’t wait and hope that a buyer will show up and either ignore the faults or accept them. Instead, invest a little in repairs and make your property shine. 

9. Update the exterior of your home 

This is difficult to do if you are selling a condo, however, for houses and villas, increasing the curb appeal is highly recommended. Simple things like landscaping, pressure washing, painting, and adding a few choice decorative flourishes can have a huge impact. 

10. Hire the professionals

Particularly when selling in an unfamiliar territory like Thailand’s real estate market, it’s definitely worth considering hiring the professionals. 

When you work with an established and reputable real estate agency like Lazudi, who have significant experience with selling property in the highly competitive Thai market, you can leverage their expertise. 

Listen to their advice and take action. Not only can this help speed up the process and give you a much greater chance of success with selling your property in Thailand, but it can also take much of the stress and anxiety out of the process as well. 

To Recap:

  • Hire the pros
  • Be realistic
  • Do your research
  • List your property online
  • Create a killer offer
  • Outline all key features and amenities
  • Be flexible with viewing hours
  • Consider lowering your asking price
  • Fix what you can 
  • Increase curb appeal. 

 

Thailand Blog Selling Guides 10 Top Tips From a Pro to Sell Your Property in Thailand
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