Taouk Property Group Co., Ltd. was formed in 2007 by Ms. La-Ong Phosawang - Managing Director and Mr. Peter Taouk - Sales Director.

Taouk Property Group Co., Ltd. provides Real Estate Consultancy and High Quality Condominiums to suit any budget, primarily specializing in Pattaya and Bangkok. Mr. Peter Taouk has several years experience in Thailand in the Real Estate Industry.

Due to the introduction of new partners, Taouk Property Group Co., Ltd. was setup with a different structure to provide the same quality services and expertise but in a more efficient and reliable way, focusing primarily on the satisfaction of customers at all times.

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Filed under: Property Management

What are the advantages of purchasing property “Off Plan”?

Reserving a property at Off Plan stage (typically you will have just the Architects floor & site plans, elevations and specification to base your decision on) has proven popular with a variety of investors and home-buyers for many years.

Buying property Off Plan offers a number of benefits. The major benefit and attraction for potential purchasers is the capital growth which can accumulate from the Off Plan stage through to physical completion of the property.

For example, you could reserve an Off Plan property and secure a price of £200,000. If the property takes 12 months from the time of Off Plan reservation to build completion and the property market increases in value by 10% per annum, the value of this property upon completion would increase to £240,000.

Another factor to consider in this time is that no mortgage will be required until completion, so no monthly payments to make through the build process. Purchasers can benefit from substantial gains in capital growth in a buoyant market by committing only a nominal reservation fee and exchange deposit. The introduction of exchange bonds further minimises capital outlay, where the buyer pays a bond premium which guarantees the developer a payout of the equivalent of the exchange deposit sum if the purchaser does not complete on the property.

Many property buyers will not feel comfortable to commit to buy a property which they can not physically see, inspect, etc. This provides a great benefit for astute buyers who can secure the most desired plots at Off Plan stage. For example, the plots which offer the best views (may not suffer from noise from nearby roads, trains, etc. compared to others on the same development which may). It goes without saying that the most desired plots in a development will be the ones to benefit from the greater gains in capital growth. Off Plan investors could also secure a prime plot which will maximise their rental return and minimise void periods.

Buying Off Plan can also provide investors with substantial profits on their initial capital outlay over a relatively short period. The source of profit in this instance coming from the capital growth through the build period. I refer you again to my previous example indicating the potential increase in property value in a buoyant property market. Particularly if an investor had the opportunity to reserve a prime plot Off Plan in a development, the capital growth would be maximised in comparison to less desired properties which in turn should maximise your chance of achieving a quick sale at the market value at that time. A similar principle can be applied to completed property, but mortgage payments would have to be paid from the outset. This could potentially eat into investor profit, particularly if the property was not let or there was a shortfall in rental income in comparison to mortgage payments and associated ongoing costs.

In conclusion, buying property Off Plan can provide many benefits for the astute investor and home buyer alike. This is particularly a popular option in a property market where values are rising and buyers are confident in the rise continuing until at least completion of their chosen property.

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Filed under: Off Plan' Property

Have you ever thought of buying a property in Vancouver or finding Vancouver Real Estate Agents? Chances are that you have, but just not getting the right impetus. You might also have been looking for some real estate in Yaletown, the West End or other parts of the Lower Mainland.

It is pretty hard finding the right Real Estate Agents, and it holds true for West Vancouver real estate as well. There are options like searching the online Real Estate Agent directory for various property-finding sites. But, the better option is to look for those properties in specialized sites who also would provide tips for getting the dream homes fast and without much hassle.

A Vancouver Real Estate Agent generally has his service open at odd hours also, though there is a best time to contact. This is true for almost any of such agents you come across. The party in concern might be looking for homes to sell, townhouses, mansions, condos or the investment property market. So he should be specific in his search and go for the specialized service providers only.

The Vancouver area has a wide range of places like the Burnaby, Abbotsford, Chilliwack, City of North Vancouver, City of Langley, City of Richmond, Commercial Drive, City of Surrey, Maple Ridge District, North Shore, Port Coquitlam, Steveston and also in places of West Vancouver like Yaletown or West End. The housing styles and lifestyles are also different from place to place.

One of the vital points of concern is the pre-approved home mortgage loan. In fact it is said that amongst the many obstacles that one may face, one of the biggest one while closing a deal is proper bank financing. So the usual home seller would be more encouraged in dealing with a person who has already obtained a pre-approved home mortgage loan. This should be the first step to take for the buyer.

The next two steps are to have a specific plan to suit for in a house and to fix the amount you are willing to shell out. This helps you from spending more than you can actually afford. Some areas cost more and some less, so this is another step for you to pre-determine. Vancouver Real Estate Agents can enlighten you more about this issue.

Another step you would be better off taking is consulting the professional instead of looking for cheap rate. Giving time and money to the professional is worth it as it can help you manage within your desire and specified budget.

It would also help you if you can get in touch with the right agent who also would help you in finding the other home related services like Vancouver Real Estate lawyers, accountants, movers, renovators and similar home-related service people. Specialized sites give you more detailed information on West Vancouver Real Estate properties, and about the real estate agents.

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Filed under: Real Estate Agents