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Financing a Thai Villa with Siam Royal View

Posted by Vadmin on May 15, 2009
Uncategorised
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These are the standard financing arrangements when you buy a Thai villa with Siam Royal View.

PAYMENT SCHEDULE
General Payment Schedule for the Land
Deposit at registration 100.000 THB
within 30 days 30 %
within 60 days 30 %
within 90 days 30 %
Land Title Deed Transfer 10 %
General Payment Schedule for the House
at start of construction 30 %
at reaching window height of Ground Floor 30 %
when the roof structure is completed 30 %
when the house is completed and accepted 10 %

CONTRACTUAL STAGES

There are 5 stages in the contractual process:

Stage 1: Signing Reservation Agreement

Upon signing the Reservation Agreement specifying the plot you have chosen and the price agreed, Siam Royal View will provide you with copies of the contractual documentation so that you can begin your review process immediately. (Please note that the Reservation Agreement is not valid unless signed by Siam Royal View.)

Stage 2: Reservation Payment THB 100,000

You will then have 10 days to transfer the non-refundable deposit of THB 100,000 to our account for which we will provide you with a written confirmation of the receipt of funds. If the deposit is not received within 10 days, the reservation will lapse and the property will be put back on the market.

Stage 3: 30 days to sign contracts and initial payment

After the deposit of THB 100,000 has been paid, you will have 30 days to sign the contractual documentation following:
  1. A Contract for Sale / Purchase of Land which includes the terms and conditions of sale, the price, the payment schedule and the Restrictive Covenants for construction.
  2. A Service Agreement which relates to the management of the village and the provision of essential services such as water, electricity, telecommunication and internet network, etc.

Upon signing of these contracts, you will be required to pay the initial installment of the purchase price, from which the deposit will be deducted.

Stage 4: Follow the Payment Schedule

You then follow the agreed payment schedule through to completion.

Stage 5: Transfer of Ownership

Upon completion of the villa and receipt of your final payment, we will transfer Title Deeds as per your requirements.

Siam Royal View reserves the right to change the contractual stages without prior notice.

Vendor Financing

Siam Royal View offers its customers financing of the villa and the land up to 30% of the purchase price, without any review of the buyer’s financial status.

Customers have the possibility to enter into agreement with Siam Royal View which will provide a loan based on the purchase agreement. The principal of the loan will be payable within 5 years in monthly instalments, along with the accrued interests.

Should you be interested in this possibility, please enquire for more details with your sales representative.

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