MBFSAu offers financing products for new and used vehicles (up to 8 years). All proposed financing products are subject to the terms and conditions and are subject to the usual evaluation criteria. For more information, please contact a licensed dealer. MBFSAu does not accept any information about the impact of a financial product on your personal or operational tax regimes. MBFSAum is recommended to seek independent financial and tax advice before applying for and/or entering into a funding agreement before the application and/or dementia. The only risk to consider in our buyback option is that you may not want to sell the property to ICMCI in due course. Prices could have risen sharply, which means you might be able to get a better price through independent resale. Unfortunately, you have an obligation to return your property to ICMCI at the price agreed in the contract. After 15 years with a healthy rent and vacation in Phuket each year, investors can then sell the unit back to the developer for the 5 million baht they originally invested. The terms of any buyback vary from developer to developer and perhaps even between projects of a single developer, but they usually include this: Of course, a guaranteed buyback, if it turns out, takes up the whole problem of selling a property.
No need to promote your property for sale, employ an agent or pay a commission to someone. With the second scenario, the buyer is protected by the buyback provision. In this case, the seller will often offer to buy back either at the buyer`s expense or at an excessively adjusted value. These projects are not covered by the Condominium Act, so not with the same protection as condominiums. But the appeal of a buyout within such a project remains a strong selling point to roll buyers. The purchase of 100 units at 5 million baht per unit is an incredible 500 million baht, which is currently about $17 million. No one seems to wonder why a developer would propose this agreement other than for marketing purposes. How can buying back something you`ve already benefited from be a lucrative offer? Maybe the only way to get this answer would be to ask the developer for a few lenses. A few years ago, the concept of buyout was introduced in Thailand.
It has been borrowed from other dynamic real estate markets around the world, where this agreement is commonplace. Once a developer in Thailand began using it to promote the sale of their development, others quickly recognized the excellent marketing power of a buyback system.