Condos - a good time to invest?

It 'a good time to buy?

of a buyer's market there is no doubt that the 's Pattaya property market is now. Tourism has for the last two years mainly because of the kidnapping of international airports has fallen during the political turmoil in Bangkok, the disturbances at the ASEAN Summit, and now the flu virus. This offers a unique opportunity for investors and first time buyers. There are great deals to Pattaya are purchased in lawnow. Many sellers have been unable to sell their condo/s and may be open to creative financing options.

You Can Negotiate Better Terms: It is a lot easier to find motivate sellers in Pattaya right now and this can be used to the buyer's advantage. Experienced investors and first time buyers alike are able to negotiate terms that fit their budget and goal.

Seller Financing: An attractive option may be seller's financing with a down payment of 20-50% and a balloon payment within a 3-10 year time period. Monthly payments are usually a little higher and thus make it a win-win situation for seller and buyer. Many sellers may be willing to look at reasonable offers at this point in time.

Rent-To-Own: A rent to own arrangement may be another very attractive option. It can be a win-win arrangement for the buyer and the seller. It gives the buyer the opportunity to find out if she really wants to buy the condo and an easy way out of the lease purchase contract. The seller has the condo under contract for the negotiated period of time (usually one year), and the unit may even be sold.

Sellers may ask for higher rent than normal purchase prices and terms because the seller has to take the property off the market because it is "under contract" for the negotiated period. The rent usually will be applied toward the agreed purchase price in the contract. It is a win-win arrangement.

This is a great way to purchase when you are not a 100% sure if you want to own the condo in question. There are many other contracts that may be acceptable to a seller. Creative financing is the motto. A great advantage is if a buyer is willing and able to pay cash when we find ourselves in a buyer's market.