Understanding Owner Financing for Property Purchases

Understanding Owner Financing for Property Purchases

With limited financing options for foreign buyers from Thai banks, many property owners in Pattaya offer "Owner Financing" as an alternative. This allows buyers to make payments directly to the owner over time, generally between 6 months and 3 years, though some arrangements may extend longer. Typically, these agreements require a down payment of 25-50% of the property’s price.

Click This Link To See Property Listings That Offer Owner Financing

https://cornerstone.co.th/en/owner-finance-properties 

Often, no interest is added (unlike bank loans), but some owners may apply a small annual increase on extended terms. It’s important to confirm specific terms early on.

How It Works

Once terms are agreed, the buyer commits to a payment plan and understands that missing payments could result in losing both the property and any money paid. After the down payment, the property is taken off the market, and all legal ownership documents are held by an agreed-upon lawyer until the balance is fully paid. The seller also signs pre-sale transfer documents for the lawyer to retain. Each payment is recorded, and once the buyer completes all payments, the lawyer finalizes the property transfer to the buyer.

Get In Touch For More In Depth Explanation

Cornerstone Real Estate specializes in secure, legal owner financing contracts. For more information, visit our office or contact one of our agents.

Tel: +6638411250

Email: info@cornerstone.co.th

WhatsApp or LINE: +66807945904