When property market is in the midst of a down term, it is smart to consider to buy a home. Every real estate investor wants to realize what the best time to purchase a property is. Specifically they are more considerate about buying in a down market when real estate prices are declining and sellers are more benevolent to negotiate.

Downsides of Buying

Many people say a Realtor says “Now is the best time to buy.” That’s right, and here is why you might not want to wait to purchase a piece of property in a down market.

Best Bangkok Deal from Motivated Sellers
Best Bangkok Deal from Motivated Sellers

Watch for Motivated Sellers

In any period of time there will be some homeowners who want or need to sell their properties in a hurry. This will give you additional bargaining power. Here are some examples when sellers are motivated:

Super Luxury Sukhumvit Condo for Sale in Le Raffine Jambunuda Sukhumvit 31
Super Luxury Sukhumvit Condo for Sale in Le Raffine Jambunuda Sukhumvit 31

It is not always as easy to determine precisely how much leverage you have since a homeowner may have many different reasons for selling home. That is where your real estate agent can give you a great advice about the seller’s motivation, though. Professional property agents have access to the multiple listing services and can advice about the selling price for similar properties in the neighborhood. Usually realtors also know how long the property has been on the market and recommend specific price negotiation strategy for your target property.

Buying from developer or flip?

Thousands of new condos continue flooding on to the Bangkok market even when mortgages are very difficult to get. This put a pressure on developers to reduce prices and offer deals to buyers. But, don’t jump into this blindly. There is another excellent opportunity to get even better deal. There are plenty of people who pre-paid property two or three years ago, and now need to pay a balance that is usually a huge 70-80% of the price. Some of these people cannot afford such a payment now and are willing to flip their contract with the same price as it was 3 years ago, or even a little bit lower. You will never get such a deal from developer.

Ask your agent about these cases and, if you need a good and new condo now, and you have funds, you can get the deal of your life.

Now, when market is down, is the smart time to buy property in Bangkok.
8 Best Condo Deals in Bangkok from Motivated Sellers
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3 Responses

  1. Thanks a lot for sharing this with all people you actually realize what you are speaking about!
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  2. Purchasing a property is a personal decision. Anyone should buy when they feel good and ready, both personally and financially.

    As with any big purchase, there’s a downside risk involved. Obviously, if you have a great real estate broker who knows about up-coming projects near your home for the next 3-4 years, then your chances of success are much better.

    Otherwise, buying a home as an investment is not much more than a crapshoot.

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