Short answer: Foreigners can legally resell property in Pattaya, and the process is similar to that of Thai nationals-provided the property is correctly registered and taxes are settled. Most foreigners sell condos, as they can own these in their own name under the foreign quota.
Foreigners can legally resell property in Pattaya, and the process is similar to that of Thai nationals—provided the property is correctly registered and taxes are settled. Most foreigners sell condos, as they can own these in their own name under the foreign quota.
Step-by-Step Process to Resell Property
- List your property: Work with a local real estate agency that understands the Pattaya market and handles foreign-owned resale listings
- Check your documents: You’ll need the original title deed (Chanote), passport, sales agreement, and proof of foreign currency transfer (Tor Tor 3 form)
- Agree on terms with a buyer: Negotiate price, deposit amount, and who pays the transfer fees
- Sign the sale agreement: This can be prepared by your agent or lawyer
- Transfer at the Land Office: Both parties (or their representatives) attend and complete the ownership transfer
Can You Sell from Overseas?
Yes, you can appoint a lawyer or agent via Power of Attorney to handle the sale and transfer on your behalf. This is common for sellers who no longer live in Thailand.
Taxes & Fees When Selling
- Transfer Fee: 2% of the appraised value (often split with buyer)
- Withholding Tax: Progressive rate based on how long you’ve owned the property
- Specific Business Tax (SBT): 3.3% if you’ve owned the property less than 5 years and it wasn’t your primary residence
- Stamp Duty: 0.5% (only if SBT does not apply)
Pro Tips for Foreign Sellers
- Use a bilingual lawyer to prepare all paperwork and handle taxes
- Ask your agent for a realistic price comparison based on current market conditions
- Prepare your Tor Tor 3 to prove the property was purchased with foreign funds (required for repatriating sale proceeds abroad)
✅ Ready to resell your Pattaya condo or villa? Contact our sales team for a free property valuation and resale strategy.
Related FAQs:
- How Much Is the Transfer Fee When Buying Property in Pattaya?
- What Documents Do I Need to Buy a Property in Pattaya?
- What Are the Property Taxes in Pattaya?
Still have questions about selling property as a foreigner? We’ll help you sell securely and legally.