Though there is no fixed rule, most payments are identical. First, you leave a credit card or cash deposit upon your registration in Thailand. Many vendors would claim the non-refundable of this money,' so if you change your mind you would lose that deposit. Mostly this is 10 per cent of the selling price to 50,000 or 100,000 THB. This is a booking fee but it is not legally binding. The seller will keep the property for you for at least 14 days up to 1 month, and not sell it to another buyer. You are supposed to pay 20-50 per cent of the selling price after that point via bank transfer from your country to the seller's account of Thailand. Approximately 25 percent will be paid later, and a full 100 percent will be charged when the title is returned.' A phased payment plan has been established in some projects because the property is not ready to move in and the payments are in line with the land's development.

Will I pay an agent fee for the property? No, you don't have to pay the agent, because the seller pays the agent or broker directly. The normal commission is 3 percent, mostly in Thailand, but some owners and developers are offering 5 percent more to encourage agents to sell their property. The seller pays the fee to the agent because the marketing effort by the agent is to find the buyer. Though you don't pay the agent directly, he'll take care of you when you buy from him.

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