Apartwell

Buying a Condo in Pattaya Remotely: From First Inquiry to Chanote

You really can buy property in Thailand from start to finish without setting foot here — Thai law doesn't require a foreign buyer to show up in person. You view the unit over video call, sign the contract electronically, wire funds from abroad via SWIFT, and register ownership at the Land Department using a notarized power of attorney. The whole thing usually takes 3 to 8 weeks.

Do I need to be there in person?

No, you don't. Thai law doesn't require a foreign buyer to be physically present for a condo purchase. A representative acting under a notarized and legalized power of attorney (apostille or consular legalization, depending on your country) can handle registration at the Land Department on your behalf.

Three conditions apply no matter where you're buying from.

First, the money has to arrive from abroad in foreign currency. Paying cash inside Thailand, or transferring from a Thai bank account, won't qualify you for registration under the foreign freehold quota.

Second, the receiving bank must issue a Foreign Exchange Transaction form (FET, formerly TT3) for the amount transferred. Without it, the Land Department won't register freehold ownership in a foreigner's name — and you won't be able to legally send the money back out if you sell later.

Third, the building needs to have unused foreign quota left. Under the Condominium Act, foreigners can own no more than 49% of a building's total livable area; once that's full, freehold isn't an option, and you're left with leasehold or a Thai-company structure, each with its own trade-offs.

We check the quota and the property's status before you put down a deposit, then confirm everything to you in writing.

The Seven Steps of the Deal

  1. 1

    Choosing a Property and the Video Viewing

    Tell us what you're after — budget, area, property type, and whether you plan to live there, rent it out, or just invest. We'll pull together matching units from our catalogue, with prices, floor plans, and an estimated yield.

    Then comes the video viewing. One of our agents visits the property and walks you through it live over WhatsApp, Telegram, or Zoom, in English or Russian. Ask whatever you like — anything the photos don't show, from plumbing condition and the view at different hours to road noise, common areas, parking, or how the lifts run.

    We save every recording and send it your way — handy when you're weighing up different options later.

    Timeline: anywhere from a day to several weeks, depending on how fast you decide.

  2. 2

    Reservation

    Once you've picked a unit, it needs to come off the market. Developers will usually hold one for 2–3 days without payment, giving you time to go through the paperwork. On the resale market, though, a reservation typically means paying a deposit right away.

    In Pattaya, reservation deposits usually run 50,000–100,000 THB, sometimes more for certain projects. That amount gets credited against the purchase price.

    Here's a rule we never break: contract payments go straight to the developer's or seller's bank account, not to us. The only exception is a small reservation fee our agent might pay on your behalf to hold a unit while your transfer is on its way — and that's always documented in writing.

    Before any deposit changes hands, you'll get the developer's or seller's documents, confirmation of foreign quota status, a draft contract, and transfer details.

  3. 3

    The Contract

    The sale and purchase or reservation contract comes in two languages, English and Thai. The English version is legally binding for a foreign buyer, but where the two differ, Thai usually takes precedence — so we review both.

    It needs to spell out the price and currency, a payment schedule tied to dates or construction milestones, the handover date, the title type (foreign-quota freehold or leasehold), who covers the transfer fee and in what split, the deposit refund terms, and the developer's liability for delays.

    You sign, scan, and send it over. The original signed copies follow by courier — DHL, FedEx, or EMS, 5–10 days.

    We always recommend an independent legal review of the contract. We can point you to lawyers we've worked with before, but bringing your own is completely normal — it's not a sign of distrust.

  4. 4

    Payment and Fund Transfer

    Funds arrive from abroad in a foreign currency — USD, EUR, or otherwise — and get converted into Thai baht at the receiving bank here.

    The payment purpose needs to state clearly that it's for a property purchase, including the address. We'll give you the exact wording beforehand, since it determines whether the bank issues the FET correctly.

    Here's the sequence: the developer or seller issues an invoice, you receive the original or scanned contract, you send the transfer from your bank, the receiving bank credits the funds and issues the FET, and we get a copy of the FET plus confirmation of the credit.

    SWIFT transfers usually take 2–10 business days, depending on the correspondent banks involved. Transfers from some jurisdictions face extra checks, which can stretch that out.

    Developer instalment plans are common on the primary market — a down payment, then instalments through to construction completion. Terms vary by project and get confirmed before you sign.

  5. 5

    Registering Title at the Land Department

    If you can't be there in person, you'll need a power of attorney for our representative or your lawyer.

    Here's how that works: we draft the text, you get it notarized in your own country, then it goes through legalization — apostille or consular, depending on the country — and finally gets translated into Thai by a sworn translator.

    You'll also need a notarized copy of your passport.

    On registration day, our representative submits everything to the Land Department: the power of attorney, passport copy, FET, contract, the seller's documents, and proof that taxes and fees were paid. The Chanote — the title deed — then gets issued in your name.

    You'll get a scan of the Chanote the same day it's registered. The original is either couriered to you or kept at our office until you visit — your call.

    Timeline-wise, preparing and legalizing the power of attorney takes 2–4 weeks, depending on the country. Registration itself is done in one business day.

  6. 6

    Handover Inspection and Keys

    On the primary market, there's an inspection between construction completion and handover. We take care of it on your behalf.

    We inspect the unit against the floor plan and contract specifications, test plumbing, electrics, air conditioning, windows, and doors, photograph and film any issues, and put together a snagging list for the developer to fix.

    You get a photo-and-video report that same day. We then chase up the fixes and re-inspect.

    Keys and documents stay at our office or go straight to your property manager — whichever you prefer.

  7. 7

    Own and rent it out without ever being here

    Once you've bought the property, it can be managed entirely from a distance.

    Under a management agreement, we take care of everything: renting it out short- or long-term, guest check-in and check-out, cleaning and maintenance, utility and CAM payments, minor repairs, dealing with the building's management company, and a monthly income-and-expense report.

    Rental income goes straight to the account you choose. Management fees and terms are agreed separately and spelled out in a contract.

Ways to send money, compared

Here are the payment methods you'll come across in the market. We only work with bank wire transfers — it's the only one that produces an FET, and without an FET there's no freehold registration under the foreign quota, and no legal way to move the funds back out later.

MethodFETTimelineNote
Bank transfer (SWIFT)Yes2–10 daysThe only method we accept
Transfer through a third countryYes, if the funds arrive from abroad3–14 daysDepends on the intermediary bank — check beforehand
CashConditionalRequires a customs declaration on entry and your presence in person — not an option for a remote deal
CryptocurrencyNoDoesn't produce an FET. Paying for Thai property with crypto is restricted by regulation, and it's not something we handle.

If someone suggests a payment scheme without an FET and says they'll 'sort it out later' — stop and check things properly. An FET can't be issued after the fact.

FET / TT3

The FET (Foreign Exchange Transaction Form) is issued by a Thai bank to confirm that foreign currency came in from abroad and was converted into baht. It used to go by the name TT3.

Banks automatically issue an FET for transfers of USD 50,000 or more (or the equivalent); below that, you'll need to request one separately — a simple form, no issue if you ask in advance. The threshold comes from the Bank of Thailand and gets revised from time to time, so we check the current figure when you actually transfer.

Why it matters: the Land Department won't register freehold ownership for a foreigner under the foreign quota without an FET, and when you sell, that same document is what lets you legally send the proceeds back abroad — up to what you originally brought in.

What to check on your FET: your name (as sender or beneficiary), the amount, the currency, and the stated purpose — property purchase.

A wrong payment purpose is the most common issue, and it's not always fixable once the funds land. That's why we agree the exact wording with you before you transfer.

What a remote deal actually costs

Beyond the purchase price:

Transfer fee (title registration)2% of the appraised valueNegotiable, usually split 50/50
Specific Business Tax (if sold within 5 years)3.3%Usually the seller
Stamp duty (if SBT doesn't apply)0.5%Seller
Withholding taxBased on individual or corporate rateSeller
Sinking fund (primary market)One-time, per m²Buyer
CAM feeMonthly, per m²Buyer
Notarizing and legalizing the POAVaries by countryBuyer
Sworn translationConfirmed individuallyBuyer
Courier delivery of documentsConfirmed individuallyBuyer
Bank SWIFT feeDepends on the bankBuyer
Legal review (optional)Confirmed individuallyBuyer

Tax and fee rates come from Thai law, and they do change from time to time. Before you sign anything, we'll give you a written calculation for your specific property.

We're not tax advisors, and we can't replace a lawyer. If you have questions about taxation in your home country, talk to your own tax advisor — plenty of jurisdictions require you to declare foreign-owned property.

The risks, and how we handle them

We'd rather spell out the risks than pretend they don't exist.

  • Risk: your money ends up in the wrong place. How we handle it: contract payments go straight to the developer's or seller's account, and you check those details against the contract yourself. We never take contract payments into an agency account.
  • Risk: the unit looks nothing like the photos. How we handle it: we do a live video viewing instead of sending a photo set, you keep the recording, and at handover we run an inspection with a snagging list and photo report.
  • Risk: the developer never finishes the building. How we handle it: before we list any project, Thai and international lawyers check the construction permit, land rights, EIA where it's required, and how the project is financed. No amount of checking gives a 100% guarantee — even reputable developers in Thailand have had projects stall.
  • Risk: the foreign ownership quota is already full. How we handle it: we get written confirmation of the quota status from building management before any deposit changes hands.
  • Risk: you can't get your money out of the country when you sell. How we handle it: we check that the FET form is correct at the transfer stage.
  • Risk: nominee company structures. Our position: we won't set up schemes with nominee Thai shareholders to dodge land-ownership rules. These structures draw scrutiny, and it's the buyer who pays the price.
  • Risk: unrealistic yield promises. Our position: if a guaranteed yield sits above market rate, ask what's paying for it and what happens once the guarantee period runs out. We'll show you the calculation and the assumptions behind it, not just a headline number.

One more thing worth knowing: liquidity. Selling a place in Pattaya takes time — it's not a stock you can offload overnight. Plan your holding period with that in mind.

Documents

From you, we'll need: a scan of your passport (all filled pages); a notarized and legalized copy of it; a power of attorney for your representative, notarized with apostille or consular legalization plus a sworn Thai translation; proof of the source of funds if your bank asks for it; and your bank details for rental income (Step 7).

In return, you'll get: the sale and purchase contract in English and Thai; the FET from the Thai bank; receipts for taxes and fees paid; the Chanote registered in your name; a handover report with a photographed snagging list; and a management agreement, if you sign one.

Frequently asked questions

Can I buy a condo in Pattaya without flying to Thailand?
Yes. Thai law doesn't require a foreign buyer to show up in person for a condo purchase. You view the unit over video call, sign the contract electronically (originals get couriered later), and ownership gets registered through a notarized, legalized power of attorney.
How long does a remote purchase take?
Usually 3 to 8 weeks, from picking a property to registering the title. Preparing and legalizing the power of attorney takes the longest, 2 to 4 weeks depending on the country. A SWIFT transfer runs 2–10 business days, while Land Department registration takes just one.
How do I transfer money for property in Thailand?
By bank wire transfer, in foreign currency, sent from abroad, with the payment purpose stated as a property purchase. The receiving bank then issues an FET document — without it, you can't register freehold ownership as a foreigner or legally repatriate funds when you sell later.
What is an FET and why is it needed?
The FET (Foreign Exchange Transaction Form, formerly TT3) is a Thai bank document confirming foreign currency arrived from overseas. The Land Department needs it to register foreign freehold ownership under the quota, and it's also what allows you to repatriate proceeds when you sell.
Who do I send money to — the agency or the developer?
Contract payments go straight to the developer's or seller's bank account — the agency never accepts them into its own. The only exception is a small reservation fee to hold a unit, and that's always documented in writing.
Can I pay for Thai property with cryptocurrency?
A crypto transfer doesn't generate an FET, and without one, freehold registration under the foreign quota isn't possible. Thai regulation also restricts using cryptocurrency for property payments. Apartwell doesn't process payments this way.
How do I set up a power of attorney to buy property in Thailand?
The agency or a lawyer drafts the document. You get it notarized in your home country, then apostilled or consular-legalized, and translated into Thai by a sworn translator. The whole process takes 2–4 weeks, depending on where you're based.
What is the 49% foreign quota and how do I check it?
Under the Condominium Act, foreigners can own no more than 49% of a building's total livable area. Once that quota's full, freehold ownership isn't an option for a foreign buyer. Before any deposit changes hands, we get written confirmation of the quota status from the building's management.
What costs are there besides the purchase price?
Beyond the price, expect a 2% transfer fee on the appraised value (usually split between buyer and seller), a sinking fund and CAM fee on primary-market purchases, notarization and legalization of the power of attorney, sworn translation, courier costs, and bank transfer fees. The sale tax is typically paid by the seller.
What if I'm not in Thailand when it's time to get the keys?
We handle the handover inspection with the developer on your behalf, note any defects, and send you photos and a video report that same day. Your keys stay at our office until you arrive, or we hand them over to your property manager, whichever you prefer.

Begin your purchase

Tell us what you're after, and we'll shortlist a few options plus set up a video viewing. The consultation is free, in English or Russian.

Apartwell Co., Ltd. holds membership in the Thailand Real Estate Association (TREA), no. 21/0479/69, and the Real Estate Sales and Marketing Association (RESAM), no. SM4801-508.