In USA it was 5% standard
jmhogan wrote:The ability to own a piece of land means a great deal. If you are only leasing the land and do not own it then why not just buy new?
Had this land been leased at the end of the lease they just do not renew AND that 80 million offer is gone! When you own the land you have a little more power. Luckily she was Thai. Had a foreigner been leasing this what do you think the outcome would have been?
When you only lease your land at the end of the day someone else is holding the strings. You do not have 100% control.
jmhogan wrote:QUOTE: It all just boils down to money and greed in Real Estate in my opinion.
1.This is painting everyone with the same brush and is completely unfair and false.
I have honestly sold houses for ZERO commission for clients because they didn't have enough equity. I would tell house flippers if I was making more then them on a sale it was not a good deal for them.
I would make sure clients bought the right house not any house. I told you the good bad and ugly about a house. I was never focused on greed. I never sold one house over another because of commission.
I also left a Brokerage that charged 5% for a Brokerage that charged 3.75% because I didn't think people needed to pay 5% to get their home sold and could get the same service for less.
I also never mentioned hiring firms to keep prices high. Prices are kept high based on the demand and what a Buyer is willing to pay. 2.In Canada the banks and government set new standards to try and slow down the market it has not happened the buyers are just pushing full steam ahead.
Things are very different here with the main reason being you do not own the land. If you owned the land the market here would be vastly different.
Long Story short not all Realtors or here in Thailand Real Estate Consultants are the same.
hhfarang wrote:It's exactly what I have always been saying that this market is not like western property markets where one expects the property to appreciate, here it is the other way around.
Wow, that's sad to hear. We sold our home there about 3 years ago and exactly doubled our money. It took 5 years to sell but we expected that because of the high price range it was in. I know of another expat there that built a home in town for around 8 million and sold it for 28 million several years later. It also took a few years to sell but but he made a 250% profit. I guess it's a different market now...
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