Pattaya Condo with Vendor Finance Option - New Condo in Wongamat For Sale
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- Опубликовано: 21 авг 2024
- Today I look at a condo in a building I hold close to my heart, this condo has never been lived in and the owner is offering vendor finance, 40% deposit and 2 years interest free in a great area.
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Switching countries to Malaysia now. I bought a 3 bed 2 bath condo on the coast of Malacca in 2004 for £21,000 right next to the lapping waves of the Malacca Straits. Absolutely beautiful spot. Moving forward 18 years the same condo is now ONE KILOMETRE away from the beach thanks to the Malaysia government's land reclamation project along the coast of Malacca. A lesson learned. RENT don't BUY.
Wow, interesting story and thanks for sharing 👍
Yes, thanks, Steven...same chain of thought. IF I were younger maybe...after 50, rent.
did you just buy and told us to rent and dont buy??
I recon it would rent for around 15,000 per month. So if you bought it to live in, you wouldn't start saving any money until you have lived in it for 15 years. Renting is probably better for most, and gives you the flexibility to move around too. If you bought it to rent out, it would probably take 20 years to recoup your investment. Not for me.
Thanks for your input 👍
See? This is how people should look at it. The math is worse than this actually.
Jason it takes to long to recoup your money back I met a woman in Jomtiem who payed 1 million baht for a 38 square meter but they are still there now they retired at 60 it was 10 years ago they were from the uk 🇬🇧 they said it will take 8 years to get there money back so now it’s rent free for them.
£ baht exchange rate ten years ago was probably about 60 baht - now it’s 40 baht
@Joh Hoff I'll leave my monies in the bank thank you. At present I'm getting 5% Tax free interest a year. That's against loosing monies by buying a condo.
Hi Jason, just found you, really enjoying your videos ✔️✔️✔️✔️
Hi Sandra, thank you so much for your message and watching, I really appreciate it 🙏👍😁
i think the double story condo was the value lately, this one at 80 grand US is pricey for what it is. i just saw a flat this size in an italian mountain town a half hour from the beach for only 20 thousand US.
and hey I seen a condo at the North Pole dug in the side of a Mud Hill for $500.00 USD
long way from the beach
Hope you made it to 1k. I hit you at 41 needed. I was there 30 yrs ago and in 3 yrs on SS I'm gonna live in a high-rise on the beach. Good work! Just saw you hit 2k!
Thanks mate, much appreciated 👍😁
Congrats on the 2k subs Jason. That didn’t take long from 1k. Nice condo too
Thanks Mark, appreciate it and your support as always, means a lot and yeah crazy how quickly it has grown 😶
Keep up the good work and the pace.👍👍👍
Thanks Gus, will do 👍😁
Well done on 2000 mate it will keep rising keep up the great work it will build .
Thanks Phil, any hotels you want me to check out?
@@goodvibespattaya2423 Will get back to you on that I'm looking so hard indeed just want out of Pattaya jomtien would suit me so much.
Phil, not long until Jason hits 5000 Subscribers.
on second thought, anyone over 50 should rent. because you'll need to ride out another 2 or 3 pandemics, shutdowns, etc. 2020 was just a test run. rent and ur free to leave no strings; and keep a home or two elsewhere such as the usa where you can easily get back, no fear of govt taking ur stuff, you have legal protections, etc. being back in asia this year will be nice but that's just to build money for properties here in the usa; spent the first 2 yrs of pandemic in malaysia/thailand and not having access to a large yard, home gym, freedom to move around -- SE Asia was just a warm open-air prison camp complete with armed soldiers and dogs in the streets; never forget!
Great video my friend. Keep them coming.
Thanks Brad, will do mate 👍
@@goodvibespattaya2423 live the condo vids both rental and buying can you do some shorter term rentals please. 1-3 month.
Good Vibes Pattaya, Just watched the video. That's a great looking apartment for 2.6 Million Baht.
Thanks and agree
Wauw 2.3k subs already. Doing great!
Thanks 🙏 👍
We almost brought at the Grand Solaire Pattaya, it's going to get the Pattaya to Bangkok train right outside the condo. But after seeing the rooms and tiny bathrooms as well Pattaya is not the nicest place we decided it's not for us. But will have incredible views at 67 stories high!
Thanks for your input and watching
Is that location the place where a future monorail line was to connect the future high speed rail station to Pattaya? From my understanding, the monorail project is under reconsideration now, since the high speed rail station's location is now planned to be further southeast in Jomtien or Huai Yai.
Congratulations on 2000 subs . Personally I'd like to see more condos to rent for around 10,000 to 15,000 . Thanks
Thanks and yeah I’m trying to arrange rentals at the moment ✅
Same here...
For that price you might not get anything really nice. I mean even $20,000 won’t get you much .
Good Vibes Pattaya, Well done on hitting 2000 Subscribers!!!!!!!!!!!!!
Thanks heaps Craig, appreciate that and all your support, watching the videos & comments 🙏👍😁
@@goodvibespattaya2423 No worries Jason. Looking forward to seeing you hit 5000 Subscribers in the next 2-3 weeks!
@@craig975 thanks mate, so appreciate the feedback and comments 👍😁
Great video Jason such a focused view on the current market. Very helpful for so many people who want to move to Thailand.
Thank you so much Amira, really appreciate it 😁
OMG 😱 thank you so very much, wow 😮
I think more people are interested in renting apartments. in Pattaya as its a short term fun place.
Nice apartment. Be great when shopping village is open.
Yeah it is nice and can’t wait for the shopping to open as it will make it a quicker trip to the beach for me 😁
Nice to see your channel growing bro
Yeah thanks 🙏 👍
Yeah, the Chinese real estate market is doing great!!
it's an excellent deal if you think you will be around for a decade or more. I'm still going to be a renter for a couple more years, no idea if I will make Thailand or Pattaya my long term home. Just know it's probably not going to be the UK. So how many laps are you putting in that swimming pool daily then Jason? 😄
Lol, I actually started doing laps yesterday and managed 2, I just needed to cool off after cleaning my place 😂
Great video mate . Just wondering is your background real estate because you seem to have an eye for an absolute bargain . Keep em coming and thanks for the good work 👍🏿
No it’s not but love real estate, thanks for the nice words 👍😁🙏
Hi there in joy your vids, any chance of showing some older condos for sale as they seem to be much bigger and more solid builds than the new ones?
Sure, I showed a nice two bedroom 100sqm condo in the video before this one and will be doing more
Still don't see the point in buying condos in pattaya hardly any capital growth. The rental market is great value you can move around as and when you please, plus the rents are dirt cheap. Rent your western property, which increases in value and use that income to rent in Thailand 👍
Good point 👍
ammenities are nice, wish there was more lighting with a nicer view. good budget place.
Thank you for all you do
Thank you for the kind words 👍
The gym has everything🤣.
Lol 😂 too much for me to handle 🤣
Great channel. Congrats on the 2k subscriptions. Looks like a nice condo. Sounds interesting 🤔
Thanks Rob, yeah nice condo, I actually live in the same building 👍
@@goodvibespattaya2423 Hey Jason. Yeah, looks real nice. Yeah, I saw from a few of your previous vids that you live there and love the place. Looks like a pretty good deal. Would it be only about a 10 minute walk / ride from the beach? Thanks again mate 🤝
@@rob2530 thanks, 10 minute walk and a few minutes on the Xmax 👍😁
@@goodvibespattaya2423 That’s wicked mate. Not far at all then. Should be good when that Shopping Centre / Mall is built. Hope to catch up some day mate. Thanks again 🤝
@@rob2530 yeah and it will be even quicker to the beach when they finish the Wongamat Beach Village shopping complex, I can’t wait and yeah be great to have a fellow Aussie as a neighbor, keep in touch mate 👍
Awesome stuff,
Great condo, and great location
Thanks for watching!
Kid noise I like
Factors to consider is Pattaya lifestyle for you long term rent for 2 years before making any decision. Be realistic with your current health condition whether it will allow you to live there long term. Talk to other expats who own properties there and get there perspectives before investing your hard earned money
Well said Larry and appreciated 👍
Great building and awesome deal 👍
Thanks 👍
Jason I am enjoying your vids but miss your translating currency
Thanks, I will try to remember and put them in the description
Great video, I believe it's over priced for sure. Had it been closer to the ocean only then I could see that price.
What a view 😍🇹🇭
Pattaya misses you @NateVlog
Nice. Im getting sold.
Go for it!
Go for it!
Lovely, chinese neighbours yeyyyyy!
Hi Jason can you ask Sean if the (doormat company) is legal eg in case of death can family inherit or does the Thai government take ownership
Yes I will 👍
The Realtor mentioned setting up a fake company, this doesn't seem legal no matter if everyone is doing it.
It’s not an actual fake company, I will try and get him to explain in an email if you like, just email me at goodvibespattaya@gmail.com and I will forward your email to him 👍
You think there's ability to plug-in a battery bike there? and leave it securely somehow?
In your apartment. anywhere else is asking for trouble.
Your building is nice! I'm curious if they do short term. 3-6 months or possibly 1 year up front?
I've got 1 more year on my contract here in Saudi and might be looking to take a break for a bit. Cheers!
Hi Michael, I think there is a one bedroom available for rent on 3 or 6 months, if interested send me an email and I will forward to the agent.
goodvibespattaya@gmail.com
Thanks
Jason
Are there common area maintenance fees on that price? There must be
Yes, 40baht per sqm per month
Any 2 bedrooms condo in this building and how much?
i recommend you get a 60fps camera
The realtor is spot on with the Pattaya pronunciation 😂😂😂😂 And open FAKE Company…to own? 😂😂😂😂 WTF??? RUN…..AWAY…QUICK 😂😂😂😂😂 Wait till this shit hits the Pattaya Land Office…3..2..1
Sorry but living there must be like living in a postage stamp. And all for only 2.6mil: Tip for anyone thinking of buying No: 1, Don't. No 2, get out of Pattaya and you can get something at half the price. Why do you think that you can do deals. Well they cant give condos away at present. Just check on the amount there are for sale, and they are still building more???
Hi Frederick, for me it’s okay as I am on my own and out all day plus my budget doesn’t allow for anything much bigger, coming from Australia where the Aussie dream is a house on a good size block of land I hear what you’re saying, I’m just trying to show everyone options if they want to live here.
@@goodvibespattaya2423 I do understand many peoples ideas of buying property in their own country, I did see that property in OZ was going down in price, has dropped by some 10% in the last few weeks . But buying a condo in Pattaya, is just a way of loosing monies. I have found that out by several friends of mine in the past buying same and all loosing cash when they sold. Some by 50%+. In the end they were just happy to get rid of them. One idiot I know bought 3 condos, one to live in two to rent, saying that it was a great investment.
Had all three for some years, in all that time he never managed to rent any. You can imagine how peed off he was that he didn't listen to any advice. He was lucky though only lost around 40% on them. Great investments what???
@@fredob43 wow, good to know mate 👍
@@fredob43 Yup, especially the building that is still going on and the Chinese buying everything and leaving them empty for one reason or another. In Canada we've implemented a 2 year moratorium on foreign buyers to cool the market.
Sounds like I've missed the boat.
He has another one just became available, if you are interested please email me at goodvibespattaya@gmail.com and I will forward to Sean 👍
I want to buy it will buy now
What Shawn mentioned about the Dormant company in order to own the property - is that possible for houses as well? thanks
Yeah set up a Thai company with you as the director and put the house in the company name 👍
i moved to Krabi after 8 trips looking where to live and Pattaya was last on my list to live lol
Yeah not for everyone mate, thanks for watching and sharing your thoughts 👍😁
Sorry typos, my spell check is doing an AI self type here.
😁
what would this rent for and could you rent it out during the 2 year buy period
and is there restrictions on daily renting ?
Can you please email me at goodvibespattaya@gmail.com and I will forward on to Sean who will answer your questions. Thanks
how many condos can a foreigner have and rent out through AIRbnb?
Can you please email me at goodvibespattaya@gmail.com and I will forward to Sean who can answer your questions. Thanks
Be careful. Not all condo complexes allow Ab&B but only long term rentals. This is to reduce the security risk of short term strangers roaming the complex.
Have you done a video of some condos for sale close to the action in pattaya near the bars area
Close but not right in the thick of it, did a rental in View Talay 6 which is next to Central Festival
Hi Jason….new subscriber here…love ur vids….do u rent or own ur condo at this place…? And if not,would u consider buying one…? Thx m8
Hi mate, thank you for subscribing mate, really appreciate it and your kind words. Mate I rent at the moment and yes I would definitely consider buying one here in this complex given the school and shopping village they are building, it will only go up in value and in relative term’s compared to Australia, it’s cheap. I have an investment property on the Gold Coast and yes it has gone up a bit in value but interest rates and the mortgage repayments have gone up heaps, I have lost count of the interest rate rises 😩
What is the cost of long term visa's.
Thanks Pat, good info 👍
I'm looking to stay for a month or 2 this December and January and would like to know where i can rent a condo. Is there a website that I can do that from? I'm looking to stay somewhere close to lk metro.
AirBnB, hipflat and bahtsold
I could handle that condo c u Friday Jason at best beach villa
Sounds good Mal 👍
Are you an expat American condo investor in Thailand? Is this an act to sell the backed up condos from the slow condo market? I saw you years ago in other RUclips channels.
No mate, I’m an Aussie and it must have been someone else as I only started RUclips late last year and I am definitely not an investor
Awesome 👌 is renting you just renew visa 6 monthly ? How often ??
I’m on a retirement visa which is valid for 15 months and every 90 days the visa agent completes the requirements with immigration
@Good Vibes Pattaya ace cheers bud , see ya out there soon , living the dream 🙌 👍
@@007heaven sounds great mate 👍👍
@Good Vibes Pattaya I'm 52 now so , heaven on earth there isn't it
@@007heaven absolutely paradise ✅✅✅
What about apreciation.? Build equity.
Hi Larry, if you would like more details please email me at goodvibespattaya@gmail.com and I will forward on to the agent.
Thanks
Jason
Not liking the math guys.
Save yourself the hassel, time, money and trouble and rent as an expat. DO NOT lock yourself down in one country. Rent is affordable and very smart. Remember, you are a visitor in another country and have to abide by their rules and culture and complicated laws of home ownership and nothing is guaranteed in Southeast Asia. They only look at you as a bank with lots of money. That is the reality about living over here. Do yourself a huge favor and rent. You can thank me later.
Does anyone know what year the Pattaya sign was built ?
That is a very good question, I will try to find out, looks like it’s been there a long time 👍
@@goodvibespattaya2423 I cant any info about it online
first thing i found on google search said 2007 lol
@@bobmanp8653 Got the link please
Are prices down at the moment?
No they are up, both these places have since sold
But construction happing around the apartment block , especially if that big mall gets built 🤷♂️
So is this one gone yet ?
Yes mate, deposits taken on both of them
Got to leave the Matrix
Can you smoke in your condo?
I do on the balcony 👍
@@goodvibespattaya2423 Can you flush toilet paper or do you have to put it in a bin?
What’s the cost of that Condo in $ US
$76k
For that price wow absolutely value for money 💰. And all the stuff included. Cant go wrong
Jason, couole ofd ny Chinese fruends already bought land and building his own home. Anither friend also boufht land and house in CM. Lets ook up on your deals. I have floriegn unvestors interested in investment properties in pattaya or coastal areas.
Sounds good, be happy to help 👍
The fact, that one can never get a residency or citizenship when invest in a property .....keeps me away from Thailand. Maybe visit it for a few weeks or a month , but that's it.
Expensive ... bad location double price compaped to others
Thanks for your personal opinion
Hi there any chance I could get Sean number as I'm interested in the vendor finance thanks
Please email me; agents don’t like contact details published online
dont buy, rent
How Bigs the Attic ? 😂
Please put me in contact with shon
Can you please email me at goodvibespattaya@gmail.com and I will forward to Shaun
No reason to buy, always rent.
I agree with you 100%. If you are lucky enough to own a property in your own country rent that out and use part of that rent to pay rent overseas. This leaves you your own capital for other pleasures.
Thats Not a Condo its a Hotel Room 😂
2.6 is too much but ur paying for owner financing at zero for 24 months. but if ur young and have money to burn, why not? anyway, i can't forsee a time in the next 20 years where a 2.6 million condo will appreciate to 3.6 without an insane increase of buyer demand. thai visas and such and the politics are too sketchy. and when the next pandemic hits, youll be on the hook for 2.6, no renters, no way to live there yourself as you'll be in and out of quarantine or virus jail and finally deported and banned from re-entry. if ur 65 plus better to rent and live off interest from investments or other rental property you might have be ready to escape to a safe place at a moment's notice. you'll be dead in 15 years anyway.
Everyone is different and in different situations but appreciate your point of view 👍
What terrible advice in regards to buying a Thai property though a Thai company