How to Sell My Property in Phuket?
We will guide you through the process of selling your property in Phuket, from listing to handover to the new owner. As we work on commission, it is free to list with us and no agency fees are charged until your property is sold. Please contact us for more information on our commission structure. Please note that this sales process is specific to The McGee’s Estate, and other agencies may vary in their processes.
Step 1: You can submit your property for sale directly on our website. You can also access this page by clicking on “List with Us” in the header menu. Certain fields require basic information to be filled out, but it is helpful to include as much detail as possible and any further information about the property.
Once we receive the inquiry and match your property with our active listings, we will get back to you as soon as possible to obtain a copy of your title deed (Chanote) and a copy of the seller’s ID/passport to confirm ownership and ensure that you have the authority to sell the property. Our agency agreement is non-exclusive unless otherwise stated, which means that you can sell your property on your own and list with other agencies simultaneously.
We also offer the option to work as your exclusive agent and offer your property to our email list of partners on Phuket. Please contact us for more details on the commission structure as your exclusive agent. If you are unable to provide photos, we can take photos and videos of your property for you. This service is provided at no cost to you.
Step 2: Viewings. If you do not reside in the property you wish to sell (or are currently occupying a different location within Phuket), kindly provide us with the contact information of a person who is authorized by the owner to hold the keys, or who can grant us access.
A permanent authorization for us to pick up the keys to allow for viewings on short notice is preferred. We highly recommend ensuring that your property is in the best possible condition, both aesthetically and functionally, particularly if you are not currently residing there. This is particularly relevant for villas that do not have a common area maintenance system in place. An overgrown garden or dirty pool can have a negative impact on potential buyers.
Step 3: Reservation Agreement – When a buyer’s bid is accepted, we will create a Reservation Agreement and remove the property from the market. It is customary to require a non-refundable deposit from the owner. Typically, the reservation fee is 5% of the agreed sale price, although the deposit amount can range from 100,000 THB to 20% of the final selling price depending on the terms agreed upon.
Step 4: Closing the Deal & Transfer of Property – We will collaborate with the attorneys representing the buyer and the seller to create a Sales and Purchase Agreement. The Sales and Purchase Agreement must include all conditions of the deal such as the agreed upon purchase price, payment terms, and any items included in the sale such as furniture and kitchenware, among other terms mutually agreed to by the buyer and the seller.
We strongly recommend that both the buyer and seller engage the services of their own independent lawyers to solidify the details and minimize any unpleasant surprises that may arise. The signing of the Sales and Purchase Agreement typically takes place at the land office or one of the attorneys’ offices, but it can also be executed at our office or remotely, granted there is power of attorney.
For the final transfer of property to occur at the land office, both the buyer and seller must be present or have a representative exercising power of attorney. During this stage, the property taxes and fees must be paid, the buyer will make the agreed upon payment to the seller (or at a later stage, per the terms stated in the Sales and Purchase Agreement), and finally, the property becomes the possession of the new owner.
We advise hiring independent lawyers to prevent any surprises. The transfer is completed at the land office where both buyer and seller must be present or represented by someone with power of attorney.
At this point, property taxes and fees are paid, and payment is made from buyer to seller before the property is transferred to the new owner.