Hello Fellow Bloggers

On my way to Guavaberry Resort & Club

Just woke up really early in the morning, packing my PC and going to Guavaberry Resort & Club. Going to do an inventory and update the existing one, as today have people staying over the apartments we have for rent in Guavaberry.
I live in Ireland, and when we bought our first property, as first time buyers in Ireland and with a young family, we decided to move away from the bustle and hussle of the city and relocate to a beautiful town called Greystones, in the Garden of Ireland, Wicklow. I have been living in Wicklow for over 4 years now and don’t regret the decision of moving away from Dublin.

That brings my thought for the day, “my ten cents”. Here in Dominican Republic there are amazing projects in the city, mostly sky high apartments, but being my choice, Guavaberry Resort if I were to relocate to the Dominican Republic would be my choice.

Why? you say. I suppose being used now to a slower lifestyle I would make the choice of living in a place not too far away from the city (only 45 minutes), and enjoy the pleasures that the Caribbean has to offer. Taking into consideration as well that I can get a Villa in Guavaberry for a mere US$300 to US$400k whereas in the city I would have to dish out 20 to 30% more to suit my space requirements. I would have the Golf Course, the Equestrian Centre, The Beach Club, the Club House and any other recreational facility I would long for.

It is my opinion, I would love to hear your ideas, city living versus country living. What are your 10 cents!

Annie

Bad Bad Scam Artist- Part 2

Annie Egan

As promised, I am endevoured to write everyday to all passing on what I hope is some valuable advise regarding how to purchase, sell or even take out a loan in the beautiful land of the Dominican Republic.

This one is a famous one from all over the world, please note it does not only happen in the Dominican Republic, it also happens when purchasing real estate n any other country.

A client approached me a while ago regarding buying one of my products in the beautiful Los Corozos de Guavaberry, (where by the way I have 3 units for sale with financing of 6% per annum fixed for whoever is interested). Unfortunately, the prices for a 1 bedroom apartment where too high for him, and he ended up not buying from Egan Overseas Properties Ltd., then he procedeed to travel to the area of Punta Cana Beach where he met an agent who showed him a development in the Bavaro area.

He was undecided, as the prices were right for him, but still wanted a bit more time, as one should have, to think things through and do the numbers to see if they worked for him.

The day before he was due to fly back to Ireland, the Real Estate Agent calls him and tells him there is an opportunity he cannot miss, one of the units became suddenly available and it was one of the last ones, and the owner was giving a huge discount, but he had to give the booking deposit of US$5,000 plus sign the commitment letter in order to avail of this fantastic one of a kind deal.

The client did not have time to think so he signed on the dotted line and stated he did not have the cash with him, but the agent advised him that he could send this the minute he got back to Ireland. He did this and upon his return wired transferred the booking deposit for the property inmediately.

Lord and behold, 2 weeks later, one of my clients friends who was also interested in purchasing in the Dominican Republic started looking at properties on the Internet, and found the same units, at 15% less than what my client paid.

The client proceeded to contact me to find out if this was a true price, I contacted the agent and the developers and indeed these prices were correct at a whopping 15% less than what this person paid. He then wanted to sue or withdraw from the deal.

But what could I do, he did not purchase this property from Egan Properties therefore, my work was very limited on how to wiggle out of the contract.

So the moral of the story is boys and girls, if it is too good to be true and you don’t do your due diligence, you are going to pay 15% over the odds.

We would love to know about things that have happened to you or your friends, email us on info@eganproperties.net with your story.

If you have experienced any kind of deal that sounds too good to be true or need advise please contact our legal team for an initial consultation on legal@eganproperties.net

Keep your eyes open!

Annie

To Anybody out there who has properties!! we need to sell them

Hello everybody, nice to see our blog doing well and getting a few responses here and there! Just a quick little note to inform all people interested in selling or promoting your property with us we want to sell your properties in the Dominican Republic.
We need inventory and a good one as well!. Obviously being in the business this long, it is fair enough to say we know a thing or two about real estate in the Dominican Republic, so if your title is good and the papers are in order why not give it to us for sale.
With our offer you will get as our client a pretty good deal, for our commission fee we will also include the legal costs for drafting your promise of sale and representing your sale with one of our in-house lawyers.
Local publicity with attractive FOR SALE/ OR TO LET/ SIGNS on your property.
Regular publication on the Internet on our webpage www.eganproperties.net as well as on our blog Egan Properties as well as our Spanish blog Casa Dominicana
Publication on different websites.
Publication on local newspapers in the Dominican Republic and Real Estate Magazines.

For submitting your Dominican Property, wether it be land, apartments, villas, houses please send us an email on info@eganproperties.net in order for us to provide you with our terms & Conditions.

For direct contact in Europe please call +353 86 128 1996 or Spanish Assistance +829 915 7976

Bad Bad, Scam Artists in the Dominican Republic

I sit here, writing this post whille awaiting my next meeting with yet again somebody that has been scammed by a so called “financial broker”.
I used to encounter truck loads of people, foreigners being the main target, that got involved in a web of untitled land, different condominium scams and a number of stories that i could write a book about.

But the most recent, does not involve the DR or title problems. This scheme is the most disgusting, revolting of them all. Why you ask? because as a result of the downturn on the economy and the denial of the banks who have buried their heads in the sand and have not come up with a solution, no, they are awaiting for all governments to solve the financial woes the world is living today, these people, who by legal reasons and pending investigation I will not name are feeding on the desperation of vulnerable builders, businesses and much more here in the Dominican Republic.

This is how the scam works: they will tell you that they can get you a loan, they will say that the interest rate will be less than any financial institution in the Dominican Republic, and then they will ask you for a downpayment for closing costs. These closing costs are astronomical, you are talking in the region of the hundreds of thousands of dollars.
After that there is a sea of misinformation, going around in circles and basically these businesses and builders will not see their money again. The funny thing about it is that these so called “brokers” have mainstream offices in the country and sometimes even abroad. Preing on the vulnerable is the same as breaking in into an elderly persons house and stealing their pension money, it is a disgusting exercise, hopefully these crooks wont sleep at night thinking of the damage they cause, but these are people with no conscience and something has to be done by the Law enforcement agencies in the Dominican Republic and the secret service to liaise between themselves to prevent anymore of these schemes to be carried out.
If you have been approached by any of these people please contact me on aegan@eganproperties.net

To all our Investors- A big Thank you and enjoy your spoils!!

TO ALL INVESTORS AND FUTURE CLIENTS

First of all we would like to congratulate all of our 100% ROI (Return on Investment Clients), which 18 months ago invested through our Company Egan Overseas Properties Ltd., and each and every single one of you have by now received double your investment! Also a special thank you to our 35 investors who also invested in our 30% ROI (Return on Investment) in 12 months, each and every single one of you who invested from €15,300 all the way up to €192K have also been matured and we appreciate and thank you for making this investment with us and would like to wish you a well deserved congratulations and enjoy your spoils.

We would also like to thank all of those investors who throughout the years have trusted Annie Egan (Managing Partner) regarding the purchase of their house in the Caribbean, land or development property, we are happy we have assisted you in this very important endeavour and wish you every success in the future.

For all those that have expressed a keen interest in our investments, but did miss out on our investment opportunities we would like to also thank you for your interest and helping towards making our company what it is today.

We would like to inform our investors and potential purchasers that due to market trends and our current market needs, we are due to open a new and improved Realty Firm as well as a Solicitor’s Firm in the Dominican Republic, we will however, continue to advise, promote and sell our investment opportunities in the Republic of Ireland so please do not hesitate to contact us for further investment opportunities on info@eganproperties.net or directly to our Managing Partner Annie Egan on aegan@eganproperties.net or on 086 128 1996.

Our recent news and investment opportunities include the following:

1) Our Star Investment: 3% return on investment per quarter, monies fully secured and guaranteed (maximum term 2 years) We have a target which is 40% sold on this investment so if you are interested in same please contact us immediately. With this investment your funds as always are secured and guaranteed and investors will receive 3% every 3 months, so regular cashflow will be of almost immediate access to investor.

2) The Palms at Cana Bay: 7% Guaranteed Rental Return on 1,2 & 3 Bedroom Golf Apartments located in Punta Cana with easy access to Airport and inside a Jack Niklaus Golf Course as well as beach club, controlled entrances and more. Mortgages available, please contact aegan@eganproperties.net for an updated price list.

3) City Apartments recently finished: from US$100,000 these apartments can be rented through our management company in the DR achieving a confortable 5%* (minimum projection based on 1 bed @ 100K)

4) Legal Services in the Dominican Republic: If you require our assistance on any legal matter such as conveyancing, residency, citizenship, company formations, adoption, litigation in the DR, please talk to us our contact us on legal@eganproperties.net to see what your options are.

5) We are looking for investors now, to join part together with several business opportunities we have in the Dominican Republic, one of our programmes involves purchasing property at amazing discounted prices and reselling them making an inmediate return and a confortable 5% per annum**

Finally, we would like to again thank you for all your continued support throughout our business years, though recession has hit us all in one form or shape we still are endeavoured and committed to provide you with the best investment opportunities out there.

Yours Sincerely,

Annie Egan
Managing Partner
aegan@eganproperties.net
http://www.eganproperties.net
Facebook: Inversiones Inmobiliarias Annie Egan SRL
Spanish Blog: Casa Dominicana

A big sorry for not posting sooner

Hello to all my fellow bloggers, I want to apologize for not writing sooner, but this recession has a hit the real estate world like a big ton of bricks!! unused ton of bricks if I may say so. Just to keep you up to date about all of our goals for the next half of this year and our hopes for the future.

I will be updating our blog from now on regularly time permiting and will endeavour to make it as truthfull as I possibly can.

Please keep on reading, we have a new blog in Spanish called www.casadominicana.wordpress.org for those wishing to see my spanish skills!!

Take care

Annie Egan

HAPPY NEW YEAR PROPERTY BLOGGERS

 I have been very bold, I must admit, have not written in a while and I see it has affected my readers. Just to say it has been a very hectic year full of ups and downs, surprises and not surprising events.
Also with all the talk of doom and gloom regarding to property I had to step back, turn off tv3 news, stop reading the Indo and basically turn into a hermet for a while. But then, you know what happened?? Santa left me a bag of coal (not due to boldness) but due to recession!! And that changed my perspective. In these times we have to strive even harder, work more hours and keep a positive outlook to life so here I am again telling all of you it will be ok and the best part of all is not trying to sound commercial in any way, but you can definitively pick up more bargains than ever, specially in the already cheap but beautiful Dominican Republic and not only that, now you can bargain and haggle with me over prices, as with all other sales agents.

So what I am trying to say is Happy 2009 everybody and I look forward to “haggling” over property in the future.

Hello from Sunny & Hot Hot Hottt Dominican Republic!

First of all I would like to apologise for not writing in so long, but it has been a very busy season for Egan Properties and I have literally not stopped for 2 seconds to catch my breath.

Just a quick note to say that today I will be teaching a seminar in my old College UNIBE about Real Estate Tourism which I am excited about.

Went to Miami for a couple of days and it is truly a spectacular city, anything and everything your heart may desire you will find it here! and the exchange rates Euro to US has never been this strong, so to those lucky enough to be earning in the almighty EURO, now its the time to really pick up great bargains in the DR.

I am in the city at present and it has never ever been this hot! lovely weather but sometimes when you are in the city and not sipping pina coladas by the pool or beach it can really get to you.

I will write soon.

Annie

Egan Overseas Properties on the News!

Here are a few articles written about our products and company article-irish-independent