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Did you know that Buyers of offshore
real estate property can be divided into
two categories? |
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The
“
fortunate buyers "
who actually receive the property they
paid for and feel satisfied with their
purchase, and the unfortunate ones who
end up losing all or part of their money
in offshore real estate fiascos scams,
or those unlucky buyers who end up with
a lemon of a property. Although the
fortunate buyers largely outnumber the
unfortunate, ventures in purchasing real
estate offshore still end up badly for
too many people. |
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Did you know that the real difference
between fortunate and unfortunate buyers
is sheer luck, not more business savvy
on one side than the other? |
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Fortunate buyers are simply lucky enough
to buy from one of the honest and
reliable
developers doing business
overseas. Wise buyers, however, never
let sheer luck dictate offshore real
estate purchases. |
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Did you know that most buyers do not
think about the eventual consequences of
purchasing a property we price is
expressed in another currency? |
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Learn how variation of
currencies
exchange rates may affect the
value of your property on the short or
long term. |
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“
I sincerely believe that there are a lot
of opportunities for smart buyers
to make money by purchasing real estate
overseas countries such as Thailand but
I also believe that minimal precautions
must be taken by buyers in order to
insure a successful transaction.
What I
found really raging is that most buyers
that have lost their saving into the
hands of one of the unreliable
developers could
have avoided the loss if they had been
aware of the traps and pitfalls that
were awaiting them
"
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I could give you many reasons
why you should read my book but it would be me
talking. Instead I prefer to let you read a few book
reviews by the local Thai Press
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THE NATION
(May 21, 2009)
BOOK REVIEWS
Best guidelines to help weather the storm
The timing of Rene Philippe
Dubout’s first book, “How to Purchase Real Estate
Offshore Safety: The Case of Thailand“, could not be
better.
With the global economy
continuing to be sluggish, now is the time property
buyers are looking for real value while still being
able to seize opportunities confidently when they
arise. And with about 1 million people around the
world choosing to buy property overseas per year,
the demand for quality residences at realistic
prices is growing.
As the book was first published in February, readers
can be confident the information is relevant and up
to date and that Dubout’s 12-year experience in
foreign property purchases means he knows his
subject very well.
“How to Purchase Real Estate Offshore Safety: The
Case of Thailand”
is one of a few
English-language entries that cover a wide range of
issues regarding property transactions in Thailand.
It also includes legal implications, as the author
is a lawyer practising in Thailand assisting foreign
investors. Along the way, he has gained a broad
knowledge based on the experiences of real-life
clients and friends.
The book is dedicated to
anyone considering a property purchase outside their
home country – be they expatriates investing in Thai
property or Thai citizens looking for overseas homes
– who should be better equipped to make realistic
evaluations of the risks involved.
It also explains how to take easy steps to check the
credentials of developers before committing to often
lengthy and costly investments.
Content is divided into two
clear and informative sections: firstly, explaining
the fundamental questions that buyers of overseas
properties should be asking and ways to avoid common
pitfalls, then putting these tools to practice in
the Thai market, with detailed examples covering
taxes, zoning and other legal issues.
The book contains insightful
and amusing stories.
A particularly useful
tool devised by the author as a starting point for
buyers is his Developers Test, which consists of 5
basic questions that give buyers the first warning
signs of a potentially risky purchase.
The reality of this test is
that sadly, despite already sensing some pitfalls,
many buyers at this point will still proceed without
seeking professional advice. In writing the book,
Dubout hopes to educate overseas property buyers
about the type of questions they should be asking
and importantly, what the answers could mean.
Particularly relevant chapters cover issues like
rental guarantees, and whether they are indeed a
reality or simply a gimmick for developers to make
easier sales.
The rest of the book is devoted to Thailand’s
property market and legal issues arising from
ownership. In four clear and concise sections, the
book covers land tenures and relevant regulations,
buyers’ rights, immovable property rights and tax
issues all relating directly to purchases in
Thailand.
While this part of the book can be hard going in
terms of general reading, if you are a potential or
current purchaser you may just find the answers
you’ve been looking for. Dubout’s experience also
enables him to point out issues many buyers wouldn’t
consider, such as the Environmental Impact
Assessment, the complexities of property tax and
dealing with the Land Department.
In concluding, he makes informed comments on how the
current economic climate could pan out, based on
lessons learned in the 1997 crisis.
The original review may be
seen at:
http://www.nationmultimedia.com/worldhotnews/30103186/Best-guidelines-to-help-weather-the-storm
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OBSERVER Magazine
(April 2009)
BOOK REVIEWS
How to purchase Real Estate offshore safely – The
Case of Thailand by Rene Philippe R. Dubout
A cumbersome title, but a
handy tome to study for those of you seriously
planning to buy your dream retirement home here in
The Land of Smiles.
Mr Dubout, also the
author of „The Rene Philippe Developer Test‟, has
approached the subject logically in 21 chapters,
taking us through the property buying process step
by step, and helping potential buyers avoid the
pitfalls and potential minefields.(…..)Readers now
have a chance to learn all about the critical issues
to be considered before deciding to buy offshore
real estate and how to avoid the many pitfalls or
traps awaiting the unwary buyer. All this comes from
an experienced property lawyer with 20 years of
experience in real estate, who manages to outline
some complex legal requirements in layman‟s terms.
The substantial appendix also has copies of all the
documentation required from the Land Department in
Bangkok, happily translated into English to ease the
process for all potential buyers in Thailand.(…..)
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ROBIN HILL Rayong Thailand
(March 3, 2009)
READERS REVIEWS
How to purchase Real Estate offshore safely – The
Case of Thailand by Rene Philippe R. Dubout
“
I believe that
this book will be extremely helpful to potential
real estate buyers here in Thailand.
There are so many instances that I have come across
already in my time here in Thailand where people
have been taken in by glossy brochures, fancy
websites, promises and assurances and commendable
recommendations from supposedly trustworthy sources,
and then unfortunately lost a considerable amount of
their hard earned money to both Thais and foreigners
because they did not take the necessary steps to
acquire a secure purchase.
This book discusses some notable examples and
proceeds to inform the reader with all that he
needs to know about
purchasing real estate in Thailand so that such
mistakes can be avoided
and their purchase secured to the extent that the
law allows.
"
“
There is an abundance of misinformation
and resulting confusion in Thailand in respect of
property law, and to have an
easy to read, clear and
complete guide to
clarify the subject is worth a good deal more than
the price of this well written book.
"
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DON SKERRETT Bangkok
(March 10, 2009)
READERS REVIEWS
How to purchase Real Estate offshore safely – The
Case of Thailand by Rene Philippe R. Dubout
“
To own property in a warm, sunny and friendly
country is a powerful desire. It can also be a
financial trap for the unwary and uninformed.
Rene Philippe’s book is an easy to read practical
guide on what you need to know to make a safe
property investment particularly in Thailand.
If you want to avoid financial loss and emotional
grief, read this book before you buy.
"
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