View Full Version : Update on competent/incompetent estate agents in Tenerife
boredinscotland
12-10-2011, 10:52
Update on my experience of competent/incompetent Estate Agents
I placed my apartment on the market maybe 2 months ago with Los Cris Properties and at the time visited CML Tenerife, both local agents in Los Cristianos, LCP never return emails to me, and it took CML maybe 7 weeks to visit apartment for photos which are still not live on their site, when I was in tenerife I gave CML 2 weeks notice of me returning to UK, 4 weeks later they phoned me to take photos!!!!
CIM and Alan Nicholson(clear blue tenerife) and Morfitt properties arranged times to visit and turned up when they said they would and communication with them was spot on and I would definitely use again,,,,,,LCP and CML are not even amateurs compared to these companies. I got full asking price as apartment was priced properly. I did not need to sell as no debt in UK or Tenerife but money can be used to make money in UK as time was right to sell for me.
Excellent news Jim! What was the sale price in the end?
YOUNG GOLFER
12-10-2011, 11:01
Good news on your sale just goes to show the right apartment at the right price will sale...a couple of the agents you mentioned as being on time and giving a good service are two of the agents i work with.
Thing is in this day and age everyone needs to do that little bit extra in order to shift a property a good price and a good service from a few good agents should work.
Well done again.
boredinscotland
12-10-2011, 11:02
Excellent news Jim! What was the sale price in the end?
£135K basically I get back what apartment cost me, had 5 and a half good years and money will be put to better use in UK, I can buy maybe 3 flats here and rent them out no problem,,,over on 31st see you in a bar the John
Added after 4 minutes:
Good news on your sale just goes to show the right apartment at the right price will sale...a couple of the agents you mentioned as being on time and giving a good service are two of the agents i work with.
Thing is in this day and age everyone needs to do that little bit extra in order to shift a property a good price and a good service from a few good agents should work.
Well done again.
Yip, Not rocket science, do what you say you are going to do and people will rate your service,,,you wonder how some people survive in this day and age when they don't give a ***** about their own business doing what it advertises
Angusjim
12-10-2011, 11:14
£135K basically I get back what apartment cost me, had 5 and a half good years and money will be put to better use in UK, I can buy maybe 3 flats here and rent them out no problem,,,over on 31st see you in a bar the John
Added after 4 minutes:
Yip, Not rocket science, do what you say you are going to do and people will rate your service,,,you wonder how some people survive in this day and age when they don't give a ***** about their own business doing what it advertises
Great news you got apartment sold which one of the "professional agents " got the sale ?
boredinscotland
12-10-2011, 11:19
Great news you got apartment sold which one of the "professional agents " got the sale ?
Morfitt Properties, put sign up on Thursday, viewed Friday and offer in on Monday,,,maybe too cheap but I can make money in UK with apartment money so not too bothered
Angusjim
12-10-2011, 11:27
Morfitt Properties, put sign up on Thursday, viewed Friday and offer in on Monday,,,maybe too cheap but I can make money in UK with apartment money so not too bothered
I think wise to take money now prices IMO are only going to head in one direction
Fair price for both I'd say. Well
Done
This is great news and info for me . We are looking at putting our property up for sale can I ask where the apartment is .
Any positive news is good
Well done bis, and good look with your investments in the uk. I agree, the only way from now on is down, but when will the other sellers realise this???:zzz:
jogger321
13-10-2011, 19:30
Yup by a few flats in the uk and make them available to DHSS clients, that way you know you will get the rent. Sure fire investment..
YOUNG GOLFER
13-10-2011, 23:15
Well done bis, and good look with your investments in the uk. I agree, the only way from now on is down, but when will the other sellers realise this???:zzz:
Dont think the only way is down............. and not something i would put across to members if i was happily promoting a new business on here.
Bit of Scare Tactics i think.
Dont think the only way is down............. and not something i would put across to members if i was happily promoting a new business on here.
Bit of Scare Tactics i think.
I ask myself which planet you´re living on, YG!
I ask myself which planet you´re living on, YG!
Probably the same planet on witch S&P just douwngraded Spain to AA- and now the loans will get more expencive and more difficult to get when (if) you buy.
Sent using Tapatalk.
Probably the same planet on witch S&P just douwngraded Spain to AA- and now the loans will get more expencive and more difficult to get when (if) you buy.
Sent using Tapatalk.
Plus the issue of legal/illegal lettings - residential/ touristic - shark-infested waters for potential buyers. Still, if you want to sell your property in the next few years, for goodness sake, don´t bother to lower your price because according to Young Golfer I´m only scare mongering. Please remind of the title of this thread.???
Bored, I'm interested - who determined the price of your property? Had you pre-decided, or did the agent give advice about the price?
I can only remember one time going to Ocean in LC and they simply asked how much I wanted and that was it....no viewing....actually no nothing. LOL
Red Devil
14-10-2011, 11:15
Plus the issue of legal/illegal lettings - residential/ touristic - shark-infested waters for potential buyers. Still, if you want to sell your property in the next few years, for goodness sake, don´t bother to lower your price because according to Young Golfer Stuart I´m only scare mongering. Please remind of the title of this thread.???
I know that reasonably priced, good properties still sell in Tenerife. Bored has just sold his and is happy, I sold mine earlier (as I said on another thread) and I was happy and couldnt fault my estate agent at all. So not sure what you are saying?
Silly over priced property isnt selling but that applies everywhere, not just Tenerife. There are plenty of buyers from all nations and thats a fact, not a guess.
I know that reasonably priced, good properties still sell in Tenerife. Bored has just sold his and is happy, I sold mine earlier (as I said on another thread) and I was happy and couldnt fault my estate agent at all. So not sure what you are saying?
Silly over priced property isnt selling but that applies everywhere, not just Tenerife. There are plenty of buyers from all nations and thats a fact, not a guess.
My message is absolutely clear: expect property prices in Tenrife to decline in the next few weeks/months/years. Be happy that you sold when you did. Boredinscotland sold his property at a price which was considerably lower than his original price because ONE agent listened to him! Another agent on here specialises in selling properties which have been drastically reduced and I notice than even then, some of the properties he has on offer are not exactly flying off the shelves. Yet another agent said in a recent post that it takes more than a year to sell a property in Tenerife. Isn´t this evidence enough that Tenerife is currently a buyer´s market and will continue to be so in the foreseeable future?
Angusjim
14-10-2011, 12:33
Dont think the only way is down............. and not something i would put across to members if i was happily promoting a new business on here.
Bit of Scare Tactics i think.
Not what another agent I was speaking to recently thinks so is he correct or are you ??? :wink:
YOUNG GOLFER
14-10-2011, 13:11
My message is absolutely clear: expect property prices in Tenrife to decline in the next few weeks/months/years. Be happy that you sold when you did. Boredinscotland sold his property at a price which was considerably lower than his original price because ONE agent listened to him! Another agent on here specialises in selling properties which have been drastically reduced and I notice than even then, some of the properties he has on offer are not exactly flying off the shelves. Yet another agent said in a recent post that it takes more than a year to sell a property in Tenerife. Isn´t this evidence enough that Tenerife is currently a buyer´s market and will continue to be so in the foreseeable future?
For you to say your message is absolutely clear i find that very hard to understand...don't take this the wrong way but when i look back you joined the forum on the 05-09-2011 around 5 weeks ago you also stated in your 1st ever post.
(admittedly, we´ve never been to the Canaries)
Now don't get me wrong how can anyone become a expert or give advice if you have NEVER been to Tenerife.
On another of your post you have said.............(remind of the title of this thread).
Well the thread is titled Update on competent/incompetent Estate Agents now.... from reading the OPs post he has put his property up for x amount and he has got his asking price all within days of doing so by a competent agent.
Evey property is different when it comes to selling but i have to say even in tough times like this to get what you asked for is a great result not just here in Tenerife buy anywhere in the World right now.
Not what another agent I was speaking to recently thinks so is he correct or are you ??? :wink:
Thinking about it one of us is going to be right don't you think:wink:
Added after 6 minutes:
I ask myself which planet you´re living on, YG!
Planet Tenerife nice place you should try it.
Angusjim
14-10-2011, 13:33
Thinking about it one of us is going to be right don't you think:wink:
Added after 6 minutes:
I know which one my monies on and its not you :cheeky::tiphat:
YOUNG GOLFER
14-10-2011, 13:38
No worries mate as long as one of gets your money lol
Update on my experience of competent/incompetent Estate Agents
I placed my apartment on the market maybe 2 months ago with Los Cris Properties and at the time visited CML Tenerife, both local agents in Los Cristianos, LCP never return emails to me, and it took CML maybe 7 weeks to visit apartment for photos which are still not live on their site, when I was in tenerife I gave CML 2 weeks notice of me returning to UK, 4 weeks later they phoned me to take photos!!!!
CIM and Alan Nicholson(clear blue tenerife) and Morfitt properties arranged times to visit and turned up when they said they would and communication with them was spot on and I would definitely use again,,,,,,LCP and CML are not even amateurs compared to these companies. I got full asking price as apartment was priced properly. I did not need to sell as no debt in UK or Tenerife but money can be used to make money in UK as time was right to sell for me.
Well done on the sale, excellent news, hopefully it will go to completion with no hiccups. Thanks for the recommendation above :)
Well priced property is selling, I have sold plenty this year and there will be more before the years out.
Another agent on here specialises in selling properties which have been drastically reduced and I notice than even then, some of the properties he has on offer are not exactly flying off the shelves.
Whether you are right or wrong, what are you basing your theories on?? By your own admission you have never even been here and have the sum total of zero experience when it comes to the property market in Tenerife.
As for looking at which properties have sold on my site, some listings represent a number of identical properties so whilst the listing remains live, there may actually have been 4 or 5 sales of that type of apartment. I have also sold a lot of properties without listing them (I have a large database of clients and sometimes send property out to subscribers before listing them.) All in all, you only see a small sample of what is going on by looking at agents websites. The property market is very active but only if you have property which is excellent value for money. All that aside, you have made it abundantly clear you do not want to use an estate agent for anything and from your posts on here you are not someone I would ever want to work with so not a lot of point in you looking at my website anyways.... Stick to the "direct with owner" sites if you beleive they offer the best value to you.
On the subject of adding to every single listing whether a property is touristic or not, I had a meeting with my lawyer this morning and put forward your comments. He agreed it was completely pointless to say what a property is not or does not have. I dont mention when a property doesn't have its own swimming pool, doesn't have a garage, is not designated as a locale etc. I explain what it does have and what it is. If it has a touristic license then this will be mentioned in the listing, if it doesn´t the it wont be mentioned. If there is any confusion whatsoever I am sure clients are smart enough to pick up the phone or send an email. There is no "pulling wool over peoples eyes" nor is their ANY deception whatsoever and you are completely out of line suggesting otherwise. Legally, what I do and how I list property is perfectly adequate. I provide more information per listing than any other website I have seen.
There is also a partner in the law firm who deals with civil and criminal libel. So any more defamatory comments directed towards me or any of my websites will be passed directly to them for consideration.
Red Devil
14-10-2011, 14:32
My message is absolutely clear: expect property prices in Tenrife to decline in the next few weeks/months/years. Be happy that you sold when you did. Boredinscotland sold his property at a price which was considerably lower than his original price because ONE agent listened to him! Another agent on here specialises in selling properties which have been drastically reduced and I notice than even then, some of the properties he has on offer are not exactly flying off the shelves. Yet another agent said in a recent post that it takes more than a year to sell a property in Tenerife. Isn´t this evidence enough that Tenerife is currently a buyer´s market and will continue to be so in the foreseeable future?
Whatever your message is, my comments are based on fact, don't know what yours are based on.
Prices are lower at the moment in Tenerife, same as they are in the UK. Its the way of the property market - perhaps you can't remember the early to mid 90's? apartments were being sold for less than what was paid for them 10 years earlier. In the UK in 1991 I had a business mortgage at rate of 13% - that was difficult.
What you are seeing now isn't new, it happens in cycles every few years, no-one surely expects house prices to carry on upwards for ever, reality sets.
Long term there will always be demand in Tenerife due to its climate, stability and nearness to Europe.
Are you posts just trying to emphasise that in your opinion estate agents in Tenerife are no good?
There have already been 2 examples on this thread that disprove that.
I agree with CIM you can't say what properties don't have. You don't go into restaurants and ask them what they don't have!
For the moment. we have put plans to sell our apartment on hold and will look at it again when we're out next month. We're experienced buyers/sellers in the UK, but Tenerife remains the unique experience. We've owned for 15 years or so and are not unhappy, though we'd like a bigger place. We've watched prices, as best we can, but, in truth, it's a struggle!
Some of the agents we have spoken with did not leave us with much confidence in them. The forum was useful is getting some alternate views. The reality of the market is pretty well documented in the financial press and, despite the protestations to the contrary, Tenerife is NOT immune from what has been going on. It's the same as the UK - a well presented, well priced property can sell!
This past year to 18 months we have had a lot of distraction and it's very easy to lose touch. One reality check for us was how properties on our own site were selling and rather at what price. Would have been fantastic had I wanted to buy additional properties on our site. I could certainly have done that, but that would have come out of capital rather than the sale of our own apartment. It just so happened a number of apartments had been put on the market by the same owner. I know some remained unsold for a long time. But we were told the price they were sold and, clearly, it was not something with which we wished to compete! LOL.
It's true the Canaries is always popular because of the climate, but its the same view you hear about France (the climate, the life style etc) from expats in France! Everywhere has a unique appeal to some people.
For the moment I watch in passing the goings on in Greece and wonder where that is heading. There's much speculation about Spain also and I, sincerely, hope the proverbial does not hit the fan! And one has to wonder about the regional government too and just how they see easy pickings.
Red Devil
14-10-2011, 17:31
For the moment. we have put plans to sell our apartment on hold and will look at it again when we're out next month. We're experienced buyers/sellers in the UK, but Tenerife remains the unique experience. We've owned for 15 years or so and are not unhappy, though we'd like a bigger place. We've watched prices, as best we can, but, in truth, it's a struggle!
Some of the agents we have spoken with did not leave us with much confidence in them. The forum was useful is getting some alternate views. The reality of the market is pretty well documented in the financial press and, despite the protestations to the contrary, Tenerife is NOT immune from what has been going on. It's the same as the UK - a well presented, well priced property can sell!
This past year to 18 months we have had a lot of distraction and it's very easy to lose touch. One reality check for us was how properties on our own site were selling and rather at what price. Would have been fantastic had I wanted to buy additional properties on our site. I could certainly have done that, but that would have come out of capital rather than the sale of our own apartment. It just so happened a number of apartments had been put on the market by the same owner. I know some remained unsold for a long time. But we were told the price they were sold and, clearly, it was not something with which we wished to compete! LOL.
It's true the Canaries is always popular because of the climate, but its the same view you hear about France (the climate, the life style etc) from expats in France! Everywhere has a unique appeal to some people.
For the moment I watch in passing the goings on in Greece and wonder where that is heading. There's much speculation about Spain also and I, sincerely, hope the proverbial does not hit the fan! And one has to wonder about the regional government too and just how they see easy pickings.
Balcony I really feel for you, we have been in exactly the same situation ourselves in the UK in the past and it is frustrating.
Our agent in Tenerife did tell us the main buyers at the moment were the Dutch & Eastern Europeans so it must always be worth being on a good international agents' site so those buyers are always in reach.
Don't you find also that once you decide you are really not bothered about selling then the buyer comes along unexpectedly?
Good luck anyway - if you are looking for larger property could you still look then suggest offering a part ex on yours, the seller may accept a smaller property rather than no sale?
Sorry if these are all avenues you have already gone down!
boredinscotland
14-10-2011, 18:09
I set the price myself,,which was break even at what it cost me 5 and a half years ago,,,maybe too cheap,who knows but as I have no debt and 3 properties also no mortgages I am happy as I can make money in UK with same apartment money. I can buy a flat here for say 50K and rent out for more than I could get from renting my apartment in Tenerife,,a no brainer really. Property will sell,just got to be at the right money
I set the price myself,,which was break even at what it cost me 5 and a half years ago,,,maybe too cheap,who knows but as I have no debt and 3 properties also no mortgages I am happy as I can make money in UK with same apartment money. I can buy a flat here for say 50K and rent out for more than I could get from renting my apartment in Tenerife,,a no brainer really. Property will sell,just got to be at the right money
Well done b-i-s ... and you might just find you have set the price for a while on the complex :)
boredinscotland
14-10-2011, 22:13
Well done b-i-s ... and you might just find you have set the price for a while on the complex :)
Maybe, had a phone call today from someone else selling,told them what I sold for and now they may change their price,,,,something is only worth what someone is willing to pay for it,,,if seller has paid too much previously that is not a new buyers fault
Well done on the sale, excellent news, hopefully it will go to completion with no hiccups. Thanks for the recommendation above :)
Well priced property is selling, I have sold plenty this year and there will be more before the years out.
Whether you are right or wrong, what are you basing your theories on?? By your own admission you have never even been here and have the sum total of zero experience when it comes to the property market in Tenerife.
As for looking at which properties have sold on my site, some listings represent a number of identical properties so whilst the listing remains live, there may actually have been 4 or 5 sales of that type of apartment. I have also sold a lot of properties without listing them (I have a large database of clients and sometimes send property out to subscribers before listing them.) All in all, you only see a small sample of what is going on by looking at agents websites. The property market is very active but only if you have property which is excellent value for money. All that aside, you have made it abundantly clear you do not want to use an estate agent for anything and from your posts on here you are not someone I would ever want to work with so not a lot of point in you looking at my website anyways.... Stick to the "direct with owner" sites if you beleive they offer the best value to you.
On the subject of adding to every single listing whether a property is touristic or not, I had a meeting with my lawyer this morning and put forward your comments. He agreed it was completely pointless to say what a property is not or does not have. I dont mention when a property doesn't have its own swimming pool, doesn't have a garage, is not designated as a locale etc. I explain what it does have and what it is. If it has a touristic license then this will be mentioned in the listing, if it doesn´t the it wont be mentioned. If there is any confusion whatsoever I am sure clients are smart enough to pick up the phone or send an email. There is no "pulling wool over peoples eyes" nor is their ANY deception whatsoever and you are completely out of line suggesting otherwise. Legally, what I do and how I list property is perfectly adequate. I provide more information per listing than any other website I have seen.
There is also a partner in the law firm who deals with civil and criminal libel. So any more defamatory comments directed towards me or any of my websites will be passed directly to them for consideration.
Your empty threats leave me cold. Give your lawyer my regards - I only hope that at least he knows what he´s talking about. My proposal is a simple one and is not directed at you in particuar, but to all estate agents in Tenerife: each ad could display this simple phrase: "property suitable for short-term lets": (yes/no).
I read your "proposal" and I am not interested in what you think or your ideas about how to run my business so tell someone who cares.
As for empty threats - try it, you´ll find out just how empty they are.
Angusjim
15-10-2011, 07:24
I read your "proposal" and I am not interested in what you think or your ideas about how to run my business so tell someone who cares.
As for empty threats - try it, you´ll find out just how empty they are.
Is it just me do I detect a bit of animosity here :poke::argue:
I have a question for YG, CIM, or anyone else in the property type business.
If there was a "property suitable for lets yes/no option", which do you personally think would sell more quickly.
I know that obviously there is a market for both but I'm just interested to know which one you guys think would be the better selling point?
Jimandsi
15-10-2011, 12:27
Why is it that any thread on here nowadays that involves Estate Agents, ends up in either a punch up or the thread having to be closed ?
http://www.tenerifeforum.org/tenerife-forum/showthread.php?4965-Tenerife-estate-agents-are-they-all-totally-incompetent/page24
http://www.tenerifeforum.org/tenerife-forum/showthread.php?10140-1-bedroom-apartment-in-Callao-Salvaje-Tenerife
:duh:
YOUNG GOLFER
15-10-2011, 12:28
Well as there only seems to be myself and CIM who are the most active agents on this forum i feel your question won't get to many replies i'm afraid from to many other Agents.
I can tell you this much though i give plenty of info to my clients on buying here in Tenerife....as for other agents well i can't answer for them.
But what i do know in the short time i have been a agent there were a good few agents over the years that have sold lot's of property(complexes) without telling the clients the truth.
Again i can only focus on my own business and i am happy to say i feel good in how i run my business and to be honest i have been lucky in these tough times.... we seem to be doing ok.
As for the yes/no options from a business point of view it's up to me to explain in alot more detail what those options are......... which i do to all my clients in person or by email not just in one word.
Could i just say being a agent on this forum at times is not a good feeling as we all seem to be tarred with the same brush and i feel it's members like me and CIM(that are newish agents) that are more or less the only ones who will stand up and answer questions.
I know there are some sad members who only come on here to stir up trouble with Estate Agents and you can keep trying:( but i have been around for a while both in Tenerife and the forum and i will still be here when you have left.:)
boredinscotland
15-10-2011, 12:32
Good and bad agents about,,maybe someone had a bad deal in the past and classing all agents the same???????????, the 2 agents I dealt with in Los Cris would put you off dealing with them,,,lazy and did nothing, then when you deal with other agents, they are courteous,arrive on time and listen to client,,, not all bad really
YOUNG GOLFER
15-10-2011, 12:33
Why is it that any thread on here nowadays that involves Estate Agents, ends up in either a punch up or the thread having to be closed ?
http://www.tenerifeforum.org/tenerife-forum/showthread.php?4965-Tenerife-estate-agents-are-they-all-totally-incompetent/page24
http://www.tenerifeforum.org/tenerife-forum/showthread.php?10140-1-bedroom-apartment-in-Callao-Salvaje-Tenerife
:duh:
Why is it ALL you come on this forum to do is STIR up trouble.....it's a shame..... some members think your fun i for one think your very very sad.
Jimandsi
15-10-2011, 12:37
But what i do know in the short time i have been a agent there were a good few agents over the years that have sold lot's of property(complexes) without telling the clients the truth.
Bravo YG - that must be the statement of the year. :c2: :c2: :c2:
Then surely you must agree that it's time for Estate Agents to be regulated in some way ?
YOUNG GOLFER
15-10-2011, 12:41
Bravo YG - that must be the statement of the year. :c2: :c2: :c2:
Then surely you must agree that it's time for Estate Agents to be regulated in some way ?
Liverpool is on jim should be a good match got to go....catch you later:wave:.
Jimandsi
15-10-2011, 12:50
I look forward to reading your thoughts regarding Estate Agents being regulated after the match then YG.
YOUNG GOLFER
15-10-2011, 13:33
Estate Agents being regulated now as you have brought this up why not start a new thread on this jimandsi.
delderek
15-10-2011, 14:04
I thought CIM was only a mortgage broker, is he now an estate agent? With everyone chasing prices downward, it's gotta be a tough job.
"Then surely you must agree that it's time for Estate Agents to be regulated in some way ?"
Interesting idea. Maybe regulated so estate agents fees are standardised at 1% and buyers and sellers sign at the same time at the notary where all fees deductions etc are explained to both parties at the same time. That would maybe inspire a little more confidence?
YOUNG GOLFER
15-10-2011, 16:41
"Then surely you must agree that it's time for Estate Agents to be regulated in some way ?"
Interesting idea. Maybe regulated so estate agents fees are standardised at 1% and buyers and sellers sign at the same time at the notary where all fees deductions etc are explained to both parties at the same time. That would maybe inspire a little more confidence?
Like i said to jimandsi why not start a new thread see what members think..:)
Red Devil
15-10-2011, 16:53
It is sad that the 2 agents who contribute regularly to this forum are subject to niggles and barbed comments from people who dont even have anything to do with (or experience of) buying or selling in Tenerife.
Easy targets for cheap points scored aren't they, to the ones hiding behind a keyboard.
Shame on some of you. :redcard:
Like i said to jimandsi why not start a new thread see what members think..:)
New thread started.
YOUNG GOLFER
15-10-2011, 17:56
An old saying from the Armed Forces .....
"If you can't stand a joke, then you shouldn't have joined up !"
The same could apply here.
Don't think it is a joke jimandsi if you are having diggs at forum members who are in business here in Tenerife.
But please feel free to tell us where your bar is in Tenerife so we can also have a joke or two.
Roadkingrider
16-10-2011, 14:16
All I have to add to this thread is avoid Tenerife Property Shop at all costs - the MD is rude, arrogant and "economical with the truth." I have used them on two occasions (concurrent, so didn't know what I was getting into) - and bitterly regret even having heard about this company. And, by the way, the Awards they claim to have won? They pay to enter them, and that's why they win.
karinagal
16-10-2011, 14:34
All I have to add to this thread is avoid Tenerife Property Shop at all costs - the MD is rude, arrogant and "economical with the truth." I have used them on two occasions (concurrent, so didn't know what I was getting into) - and bitterly regret even having heard about this company. And, by the way, the Awards they claim to have won? They pay to enter them, and that's why they win.
Quite a few of us here (me included) have tales to tell about TPS of a less than glowing nature... However, apparently there are also a few who have had positive experiences with them....
To me it appears there are three estate agents advertising the same apartment on the net (I could only find 3 when googled), 2 at the same price but one is 75,000 euros cheaper, to me this is a big difference but who has priced the apt correctly. Is this the norm??
We plan to view when we are out in a few weeks, that is if it is still for sale.
Just depends if the owner updates all agents or not. I have one which is 50k cheaper than the other two agents it is listed with for example. An owner may drop their price but only call one agent to do so for example or they may not be happy with one agent so list it with another who may tell them a more realistic price to advertise at.
Roadkingrider
10-12-2011, 13:14
Those thinking of using the Tenerife Property Shop should be very aware that the so-called 'Guarantee' it advertises on their posters/publicity/website is absolutely worthless - according to a top solicitor on Tenerife. You have been warned.
To me it appears there are three estate agents advertising the same apartment on the net (I could only find 3 when googled), 2 at the same price but one is 75,000 euros cheaper, to me this is a big difference but who has priced the apt correctly. Is this the norm??
We plan to view when we are out in a few weeks, that is if it is still for sale.
Update: We viewed this apartment (3 bed) when we were out in November, according to the estate agent the owners have split up and are behind with the mortgage so have long let to a Spanish family. The photos in the web look good but when we viewed the place was a disgrace, dirty dishes, empty bottles / cans, full ashtrays and things I would not want to mention (ladys things?) everywhere. The father makes viewing difficult and only allows the apartment to be viewed on a Wednesday, I can see through things and an apartment in this condition would suit me (ex Joiner) but the thing that put us of is the the balconies did not get any sun plus of course the Spanish on long let.
It happens a lot. Owners stick a long let in to cover the mortgage and community and they proceed to turn the place into a s*** tip so that no-one buys it - bloody annoying when you´re trying to show a place in its best light.
If there are tenants then get a decent lawyer to check the tenancy agreement for you and take their advice on it. For sunshine on balconies, if its not in the property description then phone and ask the agent before viewing so that you aren´t wasting your time. They should know or be able to find out for you.
CIM can you not just get tenants out by pulling the "family in difficult times that have no where else to stay" work ?
Its not the tenants fault. Most of the time they dont even know the place is for sale and they are always pretty miffed when I turn up wanting to do a viewing. I can understand that, wouldn't be too happy either if it was me.
Vendors have to decide what they want most - a sale within 3 months (which is what I generally achieve) and take the costs on the chin or costs covered and ability to sell severely hampered.
Had a very good property earlier this year. 10 interested parties in the first week, two offers of full asking price subject to viewing, buyers looking at getting flights over at short notice etc - then found out owner had stuck a tenant in right after he gave it to me! Just knocked it on the head for 6 months and will try again with it next year if it is vacated.
It happens a lot. Owners stick a long let in to cover the mortgage and community and they proceed to turn the place into a s*** tip so that no-one buys it - bloody annoying when you´re trying to show a place in its best light.
If there are tenants then get a decent lawyer to check the tenancy agreement for you and take their advice on it. For sunshine on balconies, if its not in the property description then phone and ask the agent before viewing so that you aren´t wasting your time. They should know or be able to find out for you.
The agent that showed us round insisted (on the day) that the balconies got the sun, we viewed at 1pm on a cloudy day, the next sunny day at 2pm we went to the complex bar and had a drink from there we could see the balconies, no sun on balconies just as I expected. Another thing was that we met the agent at the entrance from the street to the complex bar, we then went to the main entrance to try and get into the complex but the door was locked, I had to show him back up to where we originally met and how to get access in to complex. When I asked how much the community fee was he said a figure but was approx, after contacting his office he could still not confirm what the community fee was.
I contacted several agents when I wanted to buy. Colin at Clear Blue Skies was by far the most helpful of all the agents, most could barely bothering replying to initial emails. The worst was Lupains who had loads of properties at bank reposession prices, sold long since. Even having told them in August and October, I found it very annoying to see they still deliberately advertise them.
The ssuggestion that the banks don't tell them when they are sold is clearly an excuse.
Lupain always keep old stock on their site, I saw an apartment I bought last year on there not so long ago
[/QUOTE]Well done bis, and good look with your investments in the uk. I agree, the only way from now on is down, but when will the other sellers realise this ???[QUOTE]
When hell freezes over, people are too greedy fed by agents who don't price properly...So many people are wanting too much money and not budging, preferring to go repo. with the banks.
I never have and never will understand this crazy behaviour surely a clean exit and a smaller bit of cash is better than nothing and a bad credit rating...???
I was after a particular property once which I needed, it was owned by a really miserable old sod, he knew I had plans for it so he kept refusing my offers..It was worth about £200K I offered him £250k plus a brand new 2 bed flat in an old folks retirement block...He still didn't go for it....One day I saw it on the market by chance for £220k, I got my mate to put in an offer and then on exchange drop it £40k, he had to take it because we knew the chain he was in would not wait or lower their deals...
The moral of this storey is if there is a deal on the table in an uncertain world take it if you need out.
If you can stay in it will take a generation to get house prices back to where they were before maybe even longer !
PS Invest in gold, 1oz rose $300+ in the last 30 days and is predicted to get to £2,500 an oz by March..
Frankiebabe
03-02-2012, 16:59
I also use lee morfitt from morfitt properties and cane say he is always very professional/punctual and gives an excellent service and he has just sold one of mine....well done lee!!
boredinscotland
04-02-2012, 15:31
Bainzy,spot on with Gold, I have around 1000oz Silver coins and thinking about Gold,,,,easier to move if SHTF but PM's are well worth looking at and putting away for rainy day
Bainzy,spot on with Gold, I have around 1000oz Silver coins and thinking about Gold,,,,easier to move if SHTF but PM's are well worth looking at and putting away for rainy day
Well Jim its a rainy day here today snowing in Falkirk ?property not worth investing in in Tenerife now im ok because a i dont need to sell and have plenty rentals so you have done the right thing and put your money in the uk property rental market which is doing well because first time buyers cant get mortgages David
There is increasing talk across the world of going back to the gold standard to stabilise global currency, if that were to happen gold prices would naturally leap to an approx. $64,000 an OZ making anyone holding physical gold very rich...
Many people may scoff at this and think it far fetched but that needs to be the price if that were to happen...Just look at house prices and the way they appreciated because everybody jumped on the wagon, who would have thought that a two up two down terraced house up North could be worth more than £0.10p when they peaked at approx. £100 - 135K???
The difference between a house and a gold investment is you can't pick up a house and move to Tenerife with it, gold is shiny and also feels very nice, it has also been money for 4,500 years and will remain to be despite the banks telling you bits of paper or plastic are just as valuable :)
Added after 11 minutes:
Well Jim its a rainy day here today snowing in Falkirk ?property not worth investing in in Tenerife now im ok because a i dont need to sell and have plenty rentals so you have done the right thing and put your money in the uk property rental market which is doing well because first time buyers cant get mortgages David
UK property is good for rentals at the moment but times will change, austerity measures have not kicked in yet, you wait until the local councils start to really get hit, it is only a matter of time before they pass that hit on to Joe Public and that will be via cuts in their benefits especially housing benefit, the bread and butter of the housing rental sector.
Once HB is hit tenants will not pay high rents and will demand better deals, when the councils lower the amounts that they grant it will be the landlord, no matter how much we wiggles and screams who will ultimately pay or sit with empty properties, we all know the only guys to benefit from empties are the banks, who loaned you worthless digits for you to buy them, sold them for hard cash when you couldn't keep up the mortgages and bought gold to secure real wealth with your money...
Lifes a fu*K isn't it ? :(
mike in chayofa
04-02-2012, 18:18
Just a quick reminder folks that the thread is concerning competent/incompetent estate agents
PS Am I unique in buying my house as a home to live in rather than an investment rolleyes2:
You might not it as an investment Mike but your kids or next of kin probably do ;)
Added after 2 minutes:
Back to the topic...
Is there a call for a competent, reliable letting agent who delivers within budget on the island ?
boredinscotland
05-02-2012, 12:01
Well Jim its a rainy day here today snowing in Falkirk ?property not worth investing in in Tenerife now im ok because a i dont need to sell and have plenty rentals so you have done the right thing and put your money in the uk property rental market which is doing well because first time buyers cant get mortgages David
Think I did right thing, picked up a 2 bed flat £33500,spent 7 grand renovating it, get £400 a month or sell for £55k, the thought of renting and getting it wrecked is making me thinking of selling, always sell property at the cheaper end here. Your apartment,I would defo keep, you will be able to charge more and full up as Legal apartments in the condition of yours are few and far between
ps Sorry Mike
I was re-reading this thread simply because we are now actively trying to sell our apartment, but it reminded me that competent/incompetent agents are everywhere.
Here in the UK we keep pace with the ever-changing prices via services available. Local agents very often do the rounds to offer valuations and now and then it's interesting to have another take. One particular local agent offered their valuation service and we enquired. In came a very low valuation, which we knew could not be right. Neighbours also made comment and it seems the valuations were such to ensure the agent would have a good day, but not owners But, guess what? They went pop shortly afterwards.
There is a balance to be struck between the owners perceived (and sometimes over-enthusiastic) valuation and the valuation put on by agents. Yes, of course a keenly priced property will sell, as will an under-valued one. In slow times like now it's easy for any agent (competent or otherwise) to undervalue. He too has to eat!
I have mixed feelings about agents that I have recently contacted, but this has mainly been via email/forum messages, which I hate. I prefer to meet and talk to those I deal with. It's not the be-all, end-all, but that and credit reports is what I value. I know it's slow, no-one need tell me and, contrary to some, I don't own the only apartment on the island going up in value! I have to guess where to pitch my asking price. Most agents don't seem to provide what I'd expect in the UK, a valuation. It's more a question of what do I want to end up with! One agent did help.
Their (agents) attitude comes across in many ways - good/bad communication; late for/missed meetings; keeping to what they say; proactive approach; etc etc. Lot of little things expose how you react to them. Really telling the competent from the incompetent may sometimes being down to luck as well as judgment.
Selling your property in Tenerife - a few pointers!
As an agent you have to decide how best to utilise your time and where to concentrate your efforts - with sellers who value the service you provide, price correctly and listen to the good advice on offer or with sellers who dont really want to use an agent, dont want to pay an agent, ask agents to "add their commission on top" advertise their property direct at a lower price or just have unrealistic demands because they dont realise that in a market such as this they are at the bottom of the food chain so far as the buyers are concerned.
Its not just private owners, I have the same issues with banks. Two banks I work with go out of their way to get me the information I need on their properties, their buying process (reservation/deposits) mortgage terms etc, ensure keys are readily available and keep us up to speed on inventory and price changes. Then there are banks who insist on paying paltry amounts, have silly prices which they wont negotiate on, make the mortgages a joke so far as linked products/interest rates or want all documentation officially translated into Spanish BEFORE giving an answer (upfront costs for client with risk of no offer), have keys in Santa Cruz and not in the South, need 48 hours notice for viewings... so we dont bother with them either. Recent results - 3 repossession sales this month with the helpful banks and none for the unhelpful banks....
For anyone listing their property with an agent - here are a few things off the top of my head which you may want to consider if you want to keep them happy, get them on board and get them to focus their attention on selling your property for you:
1. Put together all the information you have on your property including dimensions interior and exterior, up to date community fees, furniture which is/isnt included, car parking space, storage rooms, any planning permissions you have or have had etc
2. If it is touristic, provide details of any bookings you have, the income and the typical expenses. Also provide information on the license holder (do you have to work through them or do they allow you to manage your own bookings etc)
3. Be flexible on time. If I have arranged to come and take on your property and the same morning I have an offer accepted for another client - I will need to re-arrange the take on. It is all about prioritising and later when I get offers on your property, you will be grateful that progressing your sale is our number 1 priority ahead of property take ons as well.
4. Dont be a smart ass - really, a lot of clients come in telling us how and why their property is the best and why their price is higher than everyone else etc, agents have heard it all before and they will either nod and smile and then never follow up with you or they will put you in your place which you may take the wrong way. Good agents are doing this every day for a living, they know what they are doing and it is simply irritating when a know it all walks in and sits down and starts talking rubbish.
5. Don´t continuously harp on about why commission is "so high" at 5% - it is what it is, take it or leave it. If I have a client with a 100,000€ budget then that represents a gross commission of 5,000€. If you are trying to get listed at 3% then that is a 3,000€. Which property do you think the agent is going to take his clients to?
6. Pick one or two agents and stick with them. Listing with 20 different agents causes all sorts of problems with double bookings, differing information and prices on different websites, agents trying to get in with the same client before other agents (often turning up unscheduled and disturbing tenants etc) Most good agents will syndicate their listings anyways in order to provide you with as much publicity as possible. We do this to great effect and have a very good network of more then 20 agents who we collaborate with.
7. Make sure you understand all deductions - good agents should go through all of these with you prior to listing - commission, capital gains or non-residents tax, Plus Valia, mortgage cancellation costs etc. Because if an agent gets you a good offer and after seeing all the deductions you start moaning, he is very unlikely to bring you anymore buyers.
8. Make keys available or be available as much as possible. We get lots of clients who dont really know what they are looking for, half way through a day of viewings we may suddenly realise your property is exactly what they are want! However if we cannot get in until tomorrow, you may miss out on a sale.
9. Make the agent aware of how much you will negotiate. If you do not want to negotiate then that is fine - but you better have a good price already. If you are willing to drop 20% then your initial price may be too high to begin with and whilst you are very negotiable the high price may discourage interest, viewings and eventual offers.
10. Don´t presume you know what your property is worth because you have had a look about on the internet. The web is full of old, out of date listings, many of which are poorly priced. You may simply be looking at all the properties which have been on the market years and have never sold - not a great yard stick. Agents know what is selling and how much things are selling for. When I take property on the aim is to sell it within 3 months. Priced correctly that is realistic for properties up to the 250,000€ mark in popular areas.
If any of the above seems a little harsh, thats because it is a very tough buyers market right now, you need to do everything you can to help your agent sell your property. If you are awkward/difficult or your property is not well priced then most agents will simply concentrate their efforts on another seller who is easier to work with and whose property they have more chance of selling.
I hope that helps and if anyone wants advice on selling their property, drop me a pm or an email and I will be in touch as soon as I can.
candy2411
25-06-2012, 08:07
Interesting and informative post CIM, thankyou.
Is it possible for you to tell us the banks you regard as helpful? not for any particular reason, just interested to know
Interesting and informative post CIM, thankyou.
Is it possible for you to tell us the banks you regard as helpful? not for any particular reason, just interested to know
Hi Candy, unfortunately not. If I did, I would be putting myself out of business as people would try to go direct, cut out the agent etc etc....
Plus whilst a bank may be very helpful when we are selling their stock this does not necessarily mean they are good when it comes to deposits, loans, customer service etc.
candy2411
25-06-2012, 21:56
Hi Candy, unfortunately not. If I did, I would be putting myself out of business as people would try to go direct, cut out the agent etc etc....
Plus whilst a bank may be very helpful when we are selling their stock this does not necessarily mean they are good when it comes to deposits, loans, customer service etc.
Thanks CIM, fair comment.
I suppose my interest is in the customer service aspect, particularly wondering what the criteria is for avoiding current account bank charges.
I value the comments made by CIM, but I have to say that most agents are not forthcoming in giving a valuation of a property, but more leave it to the individual to decide what they want from the sale and probably the majority sit in their offices complaining that the price is too high and quietly forget it, rather than call the owner and determine a realistic price.
For me to determine a 'value' I have to use the resources available. Initially, it's word of mouth, but will include the internet, which I know is not relaiable - especially the sites where sellers advertise their own properties. Next we have agents' windows: most agents' windows seem to be filled with sheets that hitherto gave me confidence there was life out there and our ROI was set to be excellent, but in a lot of cases how coincidental that the property we asked about 'had just sold'. I leave it to your imagination. But, am I wrong, in perceiving that prices in agent's windows seem inflated?
For me, I have always assumed that an agents commission would be added to the sellers price, as I also always understood that a buyer pays all costs (however, loose the interpretation, LOL). Maybe I am wrong.
My wife doesn't embrace change, so has not been sure about unscaling, so the process has dragged on, but now we move on to what we actually need. It's never got any easier to determine a value and those efforts to 'sell' thus far have been pretty half-hearted.
I think it was earlier this year, I did establish some contact with CIM and he was helpful, but I think that, despite me saying the absolute opposite, thinks I was fishing and wanted to sell the apartment myself. He couldn't be further from the truth, as, just in the UK, I recognise the value of a good agent, but yes, I will always ask people I meet if they want to buy - it's no different from attending business conferences and handing out your card. Don't ask, don't sell. We have a website and it would be foolish not to, at least, use this to spread the word, as it has had consistently good 'hits'. But the truth is that whilst we have had some irrational, notional feeling of the value of our apartment we have no idea of it's real market value.
I am still in a quandary even though we have now placed the apartment with one agent. The question was still 'what do you want out of it!?'. I remain to be convinced, but my feeling is that one agent will probably not achieve the circulation, so in a couple of weeks when I tread the streets to find a second source.
Tom & Sharon
26-06-2012, 13:31
I value the comments made by CIM, but I have to say that most agents are not forthcoming in giving a valuation of a property, but more leave it to the individual to decide what they want from the sale and probably the majority sit in their offices complaining that the price is too high and quietly forget it, rather than call the owner and determine a realistic price.
For me to determine a 'value' I have to use the resources available. Initially, it's word of mouth, but will include the internet, which I know is not relaiable - especially the sites where sellers advertise their own properties. Next we have agents' windows: most agents' windows seem to be filled with sheets that hitherto gave me confidence there was life out there and our ROI was set to be excellent, but in a lot of cases how coincidental that the property we asked about 'had just sold'. I leave it to your imagination. But, am I wrong, in perceiving that prices in agent's windows seem inflated?
For me, I have always assumed that an agents commission would be added to the sellers price, as I also always understood that a buyer pays all costs (however, loose the interpretation, LOL). Maybe I am wrong.
My wife doesn't embrace change, so has not been sure about unscaling, so the process has dragged on, but now we move on to what we actually need. It's never got any easier to determine a value and those efforts to 'sell' thus far have been pretty half-hearted.
I think it was earlier this year, I did establish some contact with CIM and he was helpful, but I think that, despite me saying the absolute opposite, thinks I was fishing and wanted to sell the apartment myself. He couldn't be further from the truth, as, just in the UK, I recognise the value of a good agent, but yes, I will always ask people I meet if they want to buy - it's no different from attending business conferences and handing out your card. Don't ask, don't sell. We have a website and it would be foolish not to, at least, use this to spread the word, as it has had consistently good 'hits'. But the truth is that whilst we have had some irrational, notional feeling of the value of our apartment we have no idea of it's real market value.
I am still in a quandary even though we have now placed the apartment with one agent. The question was still 'what do you want out of it!?'. I remain to be convinced, but my feeling is that one agent will probably not achieve the circulation, so in a couple of weeks when I tread the streets to find a second source.
Because I've got nothing else to do, just thought I'd have a peek at your advert on your website. I think you'll be struggling to sell easily, and this is why:-
Firstly, I had a look at the photos in your ad. If I was looking for an apartment, I would have liked to see more photographs of the apartment itself, and less of Los Cristianos scenic views. What is the photograph of the street sign about?
Secondly I Googled apartments for sale on Los Diamantes 1. Again if we were looking for an apartment, this is what I would do. Quite a few apartments came up with various agents, none of which was yours. (I could tell this by the photographs) So, whichever agent you've chosen, either they've not yet listed it, or they don't rank highly in Google.
Thirdly, before your own website was listed on the 2nd page, your own advert from December 2011on the other forum was listed on the first page, and it was 19,000€ cheaper than your current asking price ??? ???
I'm certainly no computer expert, but if I was looking for something to buy, I would use Google as my basic search tool, as probably most people do. If that was the case then, I'd have either missed yours or dismissed it on price.
Tom, I welcome your comments. The placing with the agent happened recently and I have never seen anything in Tenerife move with the speed of light (except my wine glass, perhaps) and so far as photos are concerned I (and the agents) will update these once I am out in a couple of weeks. Those originally on the site were not there for selling the apartment, so they are fine in the interim. The street sign is the road of which the apartment sits! The posting on the other forum is superceded, but I can't access to edit.
Tom & Sharon
26-06-2012, 17:53
Tom, I welcome your comments. The placing with the agent happened recently and I have never seen anything in Tenerife move with the speed of light (except my wine glass, perhaps) and so far as photos are concerned I (and the agents) will update these once I am out in a couple of weeks. Those originally on the site were not there for selling the apartment, so they are fine in the interim. The street sign is the road of which the apartment sits! The posting on the other forum is superceded, but I can't access to edit.
Actually it was the OH,I'm the hard working one,not the one that lies on her sun lounger all day complaining of leg pain whilst sipping G&T's :hide:
Tom :tiphat:
Sounds like a plan....
...sipping G&T's :hide:
Tom :tiphat:
Just sold our apartment via Clear Blue Skies - excellent professional service. Colin Haydon top quality salesman from start to finish, thank you. Very fair price too all considered, the purchasers definitely got a bargain.
Just a massive disappointment with the Cabildo's behaviour, our only reason for selling, we love the island but now it's history....... so sad.
But thanks CBS!
They must of been very good for you to go to all of the trouble of registering on the forum just to post a review about them on your first post... Well done you and clear blue... :)
YOUNG GOLFER
26-06-2012, 22:54
They must of been very good for you to go to all of the trouble of registering on the forum just to post a review about them on your first post... Well done you and clear blue... :)
Sounds like it was his/hers 1st and last post thanks to the Cabildo's .:o:idea:
Hi all. My parents used Clear Blue Skies and were very happy with them. I asked the forum at the time for advice and it helped. Good luck to those out there buying or selling.
They must of been very good for you to go to all of the trouble of registering on the forum just to post a review about them on your first post... Well done you and clear blue... :)
Do we note a touch of sarcasm from Mr Independent (I'm not an estate agent) Mortgage advisor? Pop down to Clear Blue Skies office and read some of the hundreds of testimonials written by their clients, most with full contact details and then CIM ,I'm sure even you would be impressed.No estate agent is perfect but they seem to have built up a good reputation!
Do we note a touch of sarcasm from Mr Independent (I'm not an estate agent) Mortgage advisor? Pop down to Clear Blue Skies office and read some of the hundreds of testimonials written by their clients, most with full contact details and then CIM ,I'm sure even you would be impressed.No estate agent is perfect but they seem to have built up a good reputation!
I have worked with and continue to collaborate with Clear Blue - I know quite a few of their staff and have a good working relationship with Yolanda. The post about Colin on the base of it reads a tad suspicious to me as does any first post on any forum which comes across in a promotional way. It wouldn't matter if it was an estate agent, a taxi driver or any other business being promoted, my response would be the same....
I own a website called Tenerife Estate Agents Were you trying to somehow insinuate that I say I am independent but am not independent. About what? You have lost me there. But if you believe I am in some way being "deceptive" about something, feel free to pop into my office and we can have a chat about it. Or I can come to your office if you prefer - where would that be?
Angusjim
27-06-2012, 10:12
I have worked with and continue to collaborate with Clear Blue - I know quite a few of their staff and have a good working relationship with Yolanda. The post about Colin on the base of it reads a tad suspicious to me as does any first post on any forum which comes across in a promotional way. It wouldn't matter if it was an estate agent, a taxi driver or any other business being promoted, my response would be the same....
I own a website called Tenerife Estate Agents Were you trying to somehow insinuate that I say I am independent but am not independent. About what? You have lost me there. But if you believe I am in some way being "deceptive" about something, feel free to pop into my office and we can have a chat about it. Or I can come to your office if you prefer - where would that be?
At least Nelson's getting a break if shes picking on you:laugh::laugh:
I wouldn't mind if she had a point but it is just a lot of rambling incoherent nonsense most of the time. If I remember correctly, she got involved in one of these threads before about one of her kids buying something at the wrong time and losing money or something or other - similar jibberish back then... :)
Arranged an apartment viewing recently, the keys to apt could not be found ( no fault of agent) keys were sent from UK. This delayed the viewing until the Wednesday of our 2nd week break. We asked various questions like community fees etc, they would find out and get back in touch. We visited the office next day (Thursday) to confirm we were interested but had an apartment to sell first (this was made very clear when we arranged viewing) they arranged to call round Friday PM to view and give an indication on what we could possibly get for our apartment. They would contact us on mobile first to confirm a time, they would also have answers to our questions. Still waiting on call ?? We returned to Scotland on the Sunday. Again they were aware of the day we were flying home.
Maybe you have them wrong number? Worth letting them know you're still interested and checking contact details????
Maybe you have them wrong number? Worth letting them know you're still interested and checking contact details????
They had the correct mobile number as they called me to confirm the keys had arrived from UK and arrange a time for the viewing.
- - - - - - - - - - merged double post - - - - - - - - - -
They had the correct mobile number as they called me to confirm the keys had arrived from UK and arrange a time for the viewing.
They also had our apartment number and we told them we would be in all afternoon.
Maybe they lost your details??? Worth checking if you're that bothered?
But that would make them incompetent lol
Maybe they lost your details??? Worth checking if you're that bothered?
We had to chase them for an update to get the viewing in the first place, in these hard times you would think that after showing an interest they would be chasing us. As for possibly losing our details I gave our contact details to 3 different people at the estate agent at different times / days, if they have lost all our details after that it is a business I would not be willing to deal with. That makes them incompetent. I will do a bit of research on estate agents and contact a few when we are back out in a few months.
rasputin
13-01-2013, 22:55
Hello guys new to the site seriously thing of buying an apartment with a view to moving there permanently in 5 or 6 years.I only have a budget of approx £50/60k,what can I expect to buy for that in or around the los cristianos area.My friend tells me that real estate is quite cheap at the minute.
YOUNG GOLFER
13-01-2013, 23:17
Here is a nice property.
http://propertiesareus.com/listings/1-bedroom-apartment-los-cristianos/
lifeinthesun27
14-01-2013, 00:25
There are some good deals about!
First thing is decide if you want touristic (to rent) or residential (to live)!
The law is due to change this year regarding renting - so it's all speculation so far on what is going to happen!
If you don't need to rent, you'll probably find the price will be cheaper and possibly the community fees too ! Plus you will know who your neighbours are!
If its on a touristic you will get different neighbours that will be enjoying their holiday, and prices are possibly higher but you will be able to recoup some money by renting ! Remember tax should be paid on rental income!!
It's worth exploring other areas too as you might find you'll get more for your money too! Also you have properties that are a repossession and bank owned !
What ever you decide - its not necessarily right or wrong but what you want, just do your homework first !!
Let me know if I can help any more. !
rasputin
14-01-2013, 00:31
thanks guys,it"s more residential I was looking at,with no need to rent.
lifeinthesun27
14-01-2013, 00:42
Los Cristianos was our choice too ! But to be honest it's geared upper to be touristic, though there is residential too! Monies wise, you'll probably buy a studio in Los or playa for a similar price as a 1 bed apartment elsewhere! If you want to buy a property the live in it (5-6yrs time), personal opinion you'd probably be better with a 1 bed apartment ?! Or you buy a studio with the view of having a deal ? Hoping the market gets better, selling it and buying a apartment ?!
With this route, your budget could be more in that time, but you'll pay tax on any profit and the next property has possibly home up too!?
As I said you need to be happy in your decision !!
rasputin
14-01-2013, 00:44
thanks I have a lot ot consider
BalancedBod
23-01-2013, 14:28
Update on my experience of competent/incompetent Estate Agents
I placed my apartment on the market maybe 2 months ago with Los Cris Properties and at the time visited CML Tenerife, both local agents in Los Cristianos, LCP never return emails to me, and it took CML maybe 7 weeks to visit apartment for photos which are still not live on their site, when I was in tenerife I gave CML 2 weeks notice of me returning to UK, 4 weeks later they phoned me to take photos!!!!
CIM and Alan Nicholson(clear blue tenerife) and Morfitt properties arranged times to visit and turned up when they said they would and communication with them was spot on and I would definitely use again,,,,,,LCP and CML are not even amateurs compared to these companies. I got full asking price as apartment was priced properly. I did not need to sell as no debt in UK or Tenerife but money can be used to make money in UK as time was right to sell for me.
Thanks, this is helpful. I'm going the opposite way, from Scotland to Tenerife, and looking for a small house in the country. Couldn't find much on offer but will check out these two agents' websites..
finca18jrl
23-01-2013, 17:16
Have you tried Simon Sutton George? He seems like a really nice and honest guy and has a good cross section on his and his colleagues books. His website is: http://tenerifepropertygroup.com/
matilda4
30-01-2013, 20:28
Do you have an email address for the estate agents I have an apartment in Costa del Silencio on sale with an estate agents I but I don´t feel they are providing a great service and do not provide any update on whats happening thanks
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