Buriram Expats

Buriram Province - General Category => General Discussion => Topic started by: Bob on April 17, 2019, 09:10:02 AM

Title: Need an advice about land price
Post by: Bob on April 17, 2019, 09:10:02 AM

Hello fellows. Need your input.
What is the good price for 1-2 Rais of land (rice) in a middle of nowhere (between Buriram City and Nang Rong). About 1-2 kms from the highway road, no water/no electricity/ dirt road. Neighbors start selling but I do now whant to get screwed. (And yes it is not for my name but for missus for the future opportunities).
Thanks a lot. Bob

Title: Re: Need an advice about land price
Post by: Andy37 on April 17, 2019, 12:15:31 PM

The price all depends on how desperate the people need to sell. Price also depends on which documentation they have; old paperwork or updated by the owner and the land department. My wife has bought land cheaper than it should have been because of old documentation held by land owner. Still don't fully understand how the documentation works here.

We looked at about 3 to 4 rai of land and the asking price was 800,000 baht. It was farm land, level to the gravel/clay road, close to a small village, so had electricity and water connections, and about 3kms from the main town of Ban Kruat.

Title: Re: Need an advice about land price
Post by: iammike on April 17, 2019, 12:44:51 PM

Andy37,

you only buy in Thailand land that has a Chanote (Nor Sor 4) if it is any other Nor Sor 3 or something else, WALK AWAY from it !!! The Name and number (Nor Sor 4) you find on the TOP right of the Chanote

Read more
https://www.siam-legal.com/realestate/thailand-title-deeds.php

And here is a NOR SOR 4 Chanote example

Title: Re: Need an advice about land price
Post by: Pichai on April 17, 2019, 12:56:22 PM

Mike is giving very valid advise to any person looking to pay for land. Ignore at your own risk.

Title: Re: Need an advice about land price
Post by: Tassie on April 17, 2019, 01:11:12 PM

Iammike is spot ono
Rice land goes from 100,000 to 150,000 a Rai in that district.  Always negotiate and insist on  Chanote (Nor Sor 4) I for one will never buy flooded rice land.  No small farmer makes any money out of growing rice.  Have a look at the houses and poverty most rice farmers live in.  Buy flood free land with electricity nearby.
Regards

Title: Re: Need an advice about land price
Post by: Andy37 on April 17, 2019, 01:31:12 PM

Maybe we've been lucky but never had a problem. Bought land a while ago and sold since. All fine with a slight profit

Title: Re: Need an advice about land price
Post by: Bob on April 17, 2019, 06:44:58 PM

Thanks, just needed to see a bald park numbers.
Got the idea.