donx

Perhaps your ex is being asked to pay a tax on the rental? This could explain why you are being asked for more money. I have heard that there is supposed to be a yearly tax on rental property even if the rent is paid all at once up-front.

Any condo can be bought by a Thai. Maybe you are thinking that there are buildings that don't actually qualify as a condo where foreigners can own? If a building allows foreign ownership, then a unit owned by a foreigner can be sold to either a Thai or a foreigner. Therefore there is a greater market for foreign owned condos since anyone can buy it.

Cheaper condos are more likely to be owned by Thais because Thais are more willing to live in less expensive condos. Of course the definition of cheaper is relative. I'm thinking of condos that are less than 1 million baht.

I don't know if a foreigner can get a mortgage or not. I think I remember some posts about this in the past and that under some circumstances it is possible. I believe one of the criteria would be having the Thai equivalent of permanent residency. I may be completely wrong about all of this so hopefully someone with personal experience about this will post about it.

In my opinion, if everything is equal, then buying in the foreign quota would be better. It has been stated in this forum before that condos sold within the foreign quota can sometimes be worth more. This happens when there is more demand for a particular condo by foreigners than there is supply. If the foreign quota is at its limit, then a Thai owned condo can only be sold to a Thai. However, a foreign owned condo can always be sold to either a Thai or a foreigner.

Because everything isn't equal, there are other issues to consider. For example, the price for the Thai owned condo may actually be less expensive. A foreign owned condo requires money transfers from overseas for the entire amount whereas it is possible to get a mortgage for a Thai owned condo.

Another thing to consider is what happens if your Thai partner dies? See the thread discussing this issue that was recently started in this forum.

So there are several things to consider and much of this depends upon your specific situation. As I said at the beginning, if all things were equal, then buying within the foreign quota has more advantages.

No one has any information about this?

ballbreaker, on 2012-03-15 16:53:00, said:

I agree that they both should make out wills, but without a will it is possible that other relatives would be in line for part-ownership. For example, if your wife's parents are alive, they are considered as heirs to their daughter's estate. Having a will can prevent them or other family members from receiving the property.

Get a good lawyer. Be aware that if the ownership goes to your daughter then you won't be able to sell the property. Since you are all ready in the process of trying to sell the house, I would have you as the sole heir to your wife's estate. You will have to sell it within a year or give it to your daughter.