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Moving to Thailand? Here’s Where Your Home Search Starts

Moving to Thailand? Here’s Where Your Home Search Starts

Relocating to Bangkok, and about to begin your home search? The process can be a fun and exciting one if you first understand how the property rentals market works and what to consider when appointing your real estate agent. Let’s start with the positive, that is – Bangkok is a renter’s market. How so?

1) The agency commission is paid by the landlord. Aren’t we off to a good start already?

2)There are plenty of real estate agencies to pick from and majority of these can be found on the internet.

3) Since the Landlords pay the commission, you pay absolutely nothing to the real estate agency assisting you, and there are no obligations whatsoever!

4) As an expat, you pay the same rental rates as a Thai national. In fact, majority of landlords prefer an expat tenant and go the extra mile (sometimes) to get you to sign on the dotted line.

Now that you know all that, here’s what you wouldn’t normally know unless you are an agent here in Bangkok!

In Thailand, anyone can be an agent! There isn’t an association, with any authority at least, that overlooks the activities of agents in Thailand. Walk into a bar and tell someone, anyone that you are looking for an apartment, and chances are there’ll be a “freelance agent” somewhere in the midst to help you out. I think that is fine as long as you are not asked to pay anything since landlords pay the commission here. However, you may be subjected to inferior choices since these are not professional who have established relations with apartment buildings and home owners. That said, I do occasionally hear of some lucky fellow who found a great deal through a friend’s friend who happened to be a “part time agent.” You’ll realize in time that anything is possible in Thailand!

Here’s how I see it. A real estate agent’s job is pretty much like a match maker’s. He/She needs to match you to the “right” property, and preferably within 8 selected options. Seeing too many properties can actually overwhelm and confuse you. 6 – 8 well selected choices seen within a day or two, is much more gratifying than spending days stuck in the infamous Bangkok jams trying to hit the 25th property-viewed mark. Fact is, people don’t usually have an array of favorites to choose from (since not all the best ones will be available at one time) and I don’t think there is a “perfect” apartment or house when it comes to renting. You’d be lucky to have 2 top choices to choose from, but most of us usually settle for the place that feels most like home in a foreign country.

The other thing you should know before you line up a dozen agents for your showing is that all agencies have access to the same apartment buildings. Condo and house listings may vary from agency to agency but landlords often contact more than one agency to promote their property so nothing is exclusive to an agency here. Or should I say, rarely. Just surf around and you’ll find similar properties listed on multiple agency websites. Thus, arrange your viewing with one agency at a time. That way, if you feel that your appointed agent does not understand your needs, switch agency but tell them what you have already seen with your previous agent. It is only fair that only one agent represents you for each property. Bangkok is a small town, and many agencies practice co-broking to provide as many choices for their clients as possible, so your name will get around, especially if you’ve been agency shopping.

Another thing I’ve encountered is that some companies have what they call a “preferred agent” which they strongly encourage their expatriate executives to use. More often than not, these are agencies with relations in the HR department who may understand what HR wants but not necessarily what you want! What you and I call “Western standard” can be a totally different concept to some

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