Preparing to Sell or Rent Out Your Chiang Mai Property

Short answer: Selling or letting a property in Chiang Mai works best when the title and paperwork are in order, the price is set against real comparable listings and recent sales, the property is presented well, and a written contract with proper screening is used at closing. In a market that grew only about 2.5% in 2025, realistic pricing matters more than in a rising market.

Documents to prepare

• Title deed (a Chanote is the strongest) and proof of registered ownership.
• For condos: confirmation that common-area fees and any sinking-fund dues are cleared, plus the building's foreign-quota position if selling to a foreign buyer.
• Floor plan, warranties, and a list of included furniture and fittings.

Pricing with real data

Set the asking price from recent comparable sales and current active listings in the same building or area, not from a target figure. Because 2025 price growth was modest and some central districts have oversupply, the gap between asking and achieved price can be wide, and overpricing is the most common reason a property sits unsold or unrented. The condo prices by area page gives current per-square-metre ranges for reference.

Preparing the property

• Clean thoroughly, declutter, and repair minor defects before photography.
• Use clear, accurate photos of every room in good light.
• Write a listing that states area, size, floor, aspect and exactly what is included.

Sell or rent out

Selling releases capital and ends management duties. Renting out provides income and retains the asset, but involves tenant management, maintenance and vacancy risk. As a reference point, a ฿3,000,000 one-bedroom let at ฿14,000/month returns about 5.6% gross before fees, tax and vacancy. Compare that yield against the sale proceeds and your own need for cash.

Taxes and fees when you sell

At transfer, expect a 2% transfer fee (commonly split with the buyer, negotiable). The seller normally pays either specific business tax of 3.3% (if the property was owned under five years) or stamp duty of 0.5% (if owned five years or more) — the two are mutually exclusive — plus withholding tax based on the appraised value and holding period. The 0.01% reduced transfer fee for 2025/26 applies to Thai nationals only. Confirm current rates with the Revenue Department (rd.go.th) and Land Department (dol.go.th).

Closing safely

• Screen buyers or tenants and confirm funds or income.
• Use a written contract with clear terms and defined deposit handling.
• For a sale, agree the tax and fee split before signing, and complete the transfer at the Land Office.

Owners can list a property through the KESORN contact page; the local team handles pricing, viewings and negotiation.

Frequently asked questions

Should I sell or rent out?

Sell to release capital or if prices are expected to soften; rent out for income if a tenant can be managed. Compare the rental yield with the sale proceeds.

Can I sell my condo to a foreigner?

Yes, if the building's 49% foreign quota has room. Confirm the current quota with the juristic person before agreeing the sale.

Who pays the transfer costs?

The transfer fee is usually split; specific business tax or stamp duty and withholding tax are normally the seller's, but the split is negotiable and should be agreed in writing.

General information only, last reviewed July 2026 — not legal, tax or financial advice. Confirm current rules and taxes with official sources and take professional advice for your situation.