How it works
Navigating the world of real estate has never been more straightforward. Discover how Citadel Phuket makes the process transparant easy and efficient
The proccess
Embark on a real estate journey like no other with our innovative and tailored processes. At Citadel Phuket, we redefine the conventional, offering a personalised touch to every step. From cutting-edge property imaging to transparent transactions, we bring a fresh perspective to your real estate experience. Explore our unique approach and discover a new standard in seamless property transactions
Selling
Your Step-by-Step Guide
1 – CONTACT
Reach out to us for a prompt response within 24 hours, kickstarting the process.
2 – CONSULTATION
We meet you on-site or virtually to understand your goals and outline a tailored strategy.
3 – PRICE
You decide on a strategic listing price based on our in-depth market analysis and advice.
4 – SURVEY
Benefit from a complimentary RCIS standard Property Survey, providing insights for buyers and empowering you with accurate information. This accompanies your property listing.
5 – IMAGING
We capture your property’s essence with expert photography and videography.
6 – LISTING
Go live! We employ a multi-faceted approach to showcase your property on our website and various platforms.
7 – VIEWINGS
From in-person to virtual, we ensure prospective buyers explore your property effortlessly with as little interuption to your life.
8 – OFFERS
Receive, discuss, and negotiate offers with our skilled team focused on achieving favourable terms.
9 – CLOSING
Navigate Thai bureaucracy with ease as our team guides you through a stress-free closing process.
10 – POST-SALE
Even after the sale, we remain at your service for any post-sale support or assistance.
11 – CELEBRATE
Congratulations on a successful sale! Celebrate your accomplishment, knowing you’ve partnered with Citadel Phuket for a seamless real estate journey.
Ready to sell with confidence? Contact Citadel Phuket today and let’s begin your journey to a successful property sale
Buying
Your Step-by-Step Guide
1- BUDGET
Establish a realistic budget ensuring your property search aligns with your financial objectives take advantage of our Budget page(coming soon) for more information.
2 – LOCATION
Decide on a location, utilise our Locations page (coming soon) with honest pro and cons on every part of the island
3 – SEARCH
Leverage our curated listings and tailored search to explore properties that match your criteria, streamlining the selection process.
4 – INSPECT
Take a advantage of our free RCIS standard inspection with each property listed and get to know it’s pros and cons so you can go into the next step properly informed.
5 – VIEWING
Contact us and we will arrange a a personalized property viewing an agent will be on hand to answer and questions and guide you through the decision making proccess.
6 – OFFER
Once you’ve found the perfect property, we assist in crafting and presenting a competitive offer to the seller.
7 – NEGOTIATION
Trust our skilled negotiators to secure the best terms for your purchase, ensuring a fair and favourable deal.
8 – CLOSING
Finalise the details seamlessly and navigates the legal intricacies effortlessly as our team ensures a stress-free transition to your new property ownership.
9 – SUPPORT
Even after the purchase, we remain at your service, providing support and assistance as you settle into your new home.
10 – CELEBRATE
Congratulations on your successful property purchase! Celebrate your accomplishment, knowing you’ve partnered with Citadel Phuket for a smooth and rewarding real estate journey.
Ready to buy with confidence? Contact Citadel Phuket today and let’s begin your journey to a successful property purchase.
The Cost
The Seller Pays
- Property Transfer Tax 50% shared with buyer
- Stamp Duty
- Business Tax
- Withholding Tax/ Income Tax
- Processing Fee
- Legal Costs 50% shared with buyer
Instead of the usual 5-10% commission charged by most agents Citadel Phuket only charges a
Flat Rate Broker Fee of 500,000 Thai Baht +Vat*
*(for properties under 10 million we charge 5% +Vat)
The Buyer Pays
- Property Transfer Tax 50% shared with seller
- Legal Costs 50% shared with seller
Thai Property Taxes
Thai Taxes like much of life in the Kingdom can be confusing here is our guide to try and make it easier to understand
Selling a property in Thailand involves various fees, typically ranging from 2-7% of the property value. Here’s a breakdown of the key costs:
Transfer Fee (2%):
- A fixed 2% of the property price.
- Calculated by the land office based on the higher of the agreed sales price or the appraised value, which is updated every 4 years.
Split between the buyer and seller ( 50/50 split).
Stamp Duty (0.5%):
- Fixed at 0.5% of the property sale value during purchase and transfer.
- Only applicable if the property ownership exceeds 5 years. Paid by the seller.
Business Tax (3.3%):
- Applicable if the seller owned the property for less than 5 years.
- Comprises 3% business tax of the value and an additional 10% for municipal tax on the business tax amount. Paid by the seller.
Withholding Tax/Income Tax (5-35% or 1% for Companies):
- Preparation for the property seller’s income tax.
- Varies based on the property holding duration, with higher rates for longer ownership.
- Fixed at 1% of the appraised price for companies. Paid by the seller.
Processing Fees (Approximately 300 THB):
- Small processing fees applicable, around 300 THB, payable at the land office. Paid by the seller
Considering these costs, sellers are advised to account for up to 7% of the sale price for land office-related expenses, excluding our Flat Rate Broker Fee and Withholding Tax payments.
Legal Fees( 50,000 THB):
- We recommend sharing a neutral 3rd party lawyer to handle all legal and land department issues. 50%/50% shared between owner & seller.
Please note that lease transfer fees may occur on some developments.