Why Us ? - Goarealestates.com
The main aim of
Goarealestates.com has been to be the the forefront information provider
for properties and real estates in Goa. The range of goan properties
include flats,bungalows,old Portuguese houses, plots, beach houses etc.
Our team is more than ready to be of any help to anyone interested in
buying or renting a property or has intentions of investing into
real-estate in Goa.
It also maintains a
directory listing of all major Architects,Contractors,Agents, Builders
and the associating industries related to Construction Industry in the
state of Goa.
Having an Outdoor
advertising arm which has Billboards/Hoardings all over Goa, it has
generated strong presence among the people of goa and is a trusted site.
It has also presently opened up it's presence in the UK to promote and
boost the property market boom which is hitting the shores of Goa.
Common Problems with Estate Agents and what you need to watch out for
Last year Estate Agents received over Rs.1,000,000,000, YES Rs.1000
Million! in commission from sellers and landlords, and in many cases by
simply doing very little. The average seller paid
them over Rs.100,000 in commission .They are the number one
profession people love to hate.
10 of the most common complaints are listed below. Have you, your
friends or people you know experienced any of the following?
1. Unfair contracts
The use of a ‘Sole selling right’ clause which results in you even
paying commission even if you sell or let to a friend! How unfair is
that? Do not confuse this with a 'Sole Agent' contract where you can
sell or let yourself and NOT pay the commission . If you have a 'Sole
selling rights' clause in your contract, ask your agent to remove it
immediately and quote the 'unfair contracts act'.
2. Agents refusing to perform viewings
Excuses such as they are too busy! The reason to
you use an Agent is for them to sell or let your home.
3. Staff with no experience
Sending the office junior to present your home, who has no
experience in negotiating or knowledge of your property - how effective
is this? (YES NO )
4. No feedback after viewings
So you have no idea what you need to do to improve your property.
Leading to a frustrated relationship and wasted time. We can show you
how to employ a house doctor to help you prepare your property.
5. Forcing customers to use their mortgages brokers and solicitors
So they can earn even more commission from you. Extreme cases
include agents not putting forward an offer to you because the buyer has
not used the Agents mortgage broker.
6. Agents not managing tenants
Until you find out too late and the rent is unpaid.
7. Misuse of display boards
Displaying 'for sale' and 'to let' boards at properties not on their
books, and even taking down competitor’s boards is very common. A board
outside a property is still one of the most effective tools to drive
buyers and tenants into an agency. Next time you down a main road with a
large block of flats count how many boards are outside. We can show you
how to get your own board with your own number.
8. Not advertising your property properly
or infrequently in local papers and wasting valuable time. Many
Agents have still not realised the power of new media such as the
internet where 70% of home seekers now search.
9. Overvaluing your property.
Many agents will overvalue your property in order for you to sign a
contract with them. Later, when no interest has been shown, you will be
forced to lower the price and you can't leave the Agent because you have
signed a contract. That's why you can't rely on asking prices in Estate
Agents windows as they are inflated. We can show you how to find out
what properties really sold for, helping you price your property
correctly so you can sell or let faster.
10. Failure to inform you of ALL offers
Trick question, as you probably won't know. There are many cases of
Agents promoting lower offers. Their motivation is always money. Many
Agents not only sell or let property but also get paid finders fees from
buyers and tenants. These Agents may not tell you of a better offer in
order to make more money. This is illegal, as an agent must tell you of
and the list goes on and on.
Frightening isn't it! The newspapers are full of stories of rogue
Agents, and finding the good ones is increasingly difficult. Other
countries such as the United States demand Estate Agents pass an exam
and hold a license, but this is not the case in the UK, anyone can set
up shop and reap the commission.
The Myths Estate Agents
Promote About Private Selling and Letting
In the past, sellers and landlords had no choice but to but
to bear and grin and employ an agent. Traditionally you would have to
employ an Estate Agent because:
1. Advertising was very expensive and not cost effective to private
individuals. Agents would mainly find buyers and tenants by advertising
in newspapers and their shop windows. They could then split this cost
over 100s of properties and return a profit. As you will find out a new,
more effective form of advertising has replaced this, and is available
2. Unable to reach buyers and tenants not in the area without
advertising in national newspapers. Again Agents can split the costs
over 100s of properties.
3. Displaying a 'For Sale' or 'To let' board would cost a lot. Agents
can buy 100s of boards at a time and pay very little for each board,
plus agents can re-use their boards again and again, lowering their
4. There was no other way! New forms of advertising such as the internet
were not yet established. The chance of you meeting someone who would
want to buy or let your property was small.
5. Fears of security and letting strangers into your home with the
comfort that agents screen viewers. Most agents don’t check, when was
the last time you were asked for an ID by an agent when viewing a
6. Don't have the time to perform viewings so you employ an Agent to
perform this task. But how many times have you actually performed the
viewing yourself because the Agent said they were too busy? Too many
7. Led to believe you legally had to use an Agent? This is not true.
Agents perform no legal duty even though they earn more money than
8. Already with a Sole Agent and have been told you can't sell or let
your property yourself! - This is not true and any agent restricting you
is breaking the law. Simply threaten to report them to trading standards
under the 'Unfair contracts act'. Some may try to enter a 'Sole selling
rights' clause, simply tell them to remove it immediately. You can sell
or let your home yourselves and NOT pay the commission even with a Sole
9. Agents can give accurate property values. Not true, agents are not
qualified valuers, that's the job of a surveyor. All agents do is set a
reasonable asking price, something anyone can do by looking on any
property website or local paper.
All this has now changed !! The need for Estate Agents is minimal. You
can sell or let your property faster and save 1000s in commission.
Estate Agents now sell most of their properties via the internet.