Do you have houses for rent in Korat?

Yes, we have various types of rental properties in Phuket including single houses, townhouses, and condominiums.

What are property prices like in Korat?

Property prices in Phuket vary depending on location, size, and condition, ranging from hundreds of thousands to several million baht.

Do you buy properties as-is?

Yes, we buy properties in any condition with fair valuation and quick processing.

Assess Your Buying Power Before Purchasing a Second-Hand Home

A Smart Financial Planning Guide Before Applying for a Mortgage

Buying a second-hand property is not just about choosing the right house—it starts with understanding your true financial capacity. If you plan to finance the purchase through a bank loan, assessing affordability is the most critical first step.

Bank Mortgage Approval Criteria

Banks typically approve loans for borrowers who:

Have stable, regular income
Carry manageable debt obligations
Maintain a good credit record

Key conditions include:

Loan amount: up to 90–95% of appraised value
Monthly installment: not exceeding 30% of monthly income
Loan tenure: borrower’s age + loan period ≤ 65 years

Why Second-Hand Homes Win on Location

Second-hand homes often sit in:

Established residential areas
City centers and economic zones
Locations where new developments are no longer possible

This makes them highly desirable and valuable in the long term.

FAQ

Q: Can I get a mortgage for a second-hand property?
A: Yes. Banks assess second-hand homes similarly to new properties if documentation is complete.

Q: How much should I earn to qualify?
A: Your monthly repayment should not exceed 30% of your net income.