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

EXHIBITION 2008

Thank you very much to those who came to the Show on the Friday, Saturday & Sunday, we had a brilliant time and most importantly had very interesting seminars on the DR’s first ever GREEN Project, this is sure to be a great seller due to the fact that all houses will come with their own solar panel technology. Also thanks to Mr. Jonathan Chang from Resource Earth Energy who talked about the great investment his company has for my investors in Solar Panel Technology, this is sure to be a winner as well as the world turns their attention to alternative energy. Charlotte’s Cove and Royal Palm s Samana are also very interesting projects developed by our own Irish Developers and they are great value for money so this is an investment to keep a close eye on.

Again thanks so much everybody for coming.

 

EGAN OVERSEAS TO EXHIBIT IN IRELAND

Hello All! Just a note to let you all know we will be exhibiting soon in Ireland, specifically the 23rd 24th and 25th May on No. 31 Mespil Road, Ballsbridge, Dublin 4.

What we have is our annual Exhibit which will feature several key developments in the DR, these developments are being built by Irish Builders and are exclusive of Egan Properties Ltd.

On offer we will have our Royal Palm Development Phase I and enquiries for Phase II. We will also be promoting our ever expanding Real Estate Investment Vehicles with a Guaranteed ROI and the DR’s first ever GREEN PROJECT!!! We will also have our Charlotte’s Cove Development at Founder Packages offers so this will be a winner amongst my very savvy investors!!

23rd we will hold a private meeting with our existing clients and the rest of the days are opened to the public. Please note if you are in Ireland you will have to RSVP as spaces and properties are limited!!!

See you all there, drop me a line on aegan@eganproperties.ie if you wish to attend!

CAP CANA HOSTS PGA SENIORS TOUR

GOLF IN DOMINICAN REPUBLIC IS DEFINITIVELY GETTING WORLDWIDE ATTENTION. Millions tuned on to watch the spectacular PGA Seniors Tour in Cap Cana which was a huge success, everything was fully booked!

If you want to enquire about possible investment opportunities in Cap Cana and surrounding areas email me on aegan@eganproperties.ie

FLIGHTS TO THE DOMINICAN REPUBLIC

Hey Everybody,

I am wide awake at 700 am in the morning and thought to write something. The reason for me being awake this early is that i am flying out to the Caribbean, yet again (poor old me!) on an inspection trip with clients this coming Sunday.

I dont know what it is but i get anxious all the time going on a plane. Mind you I have travelled in 747, 727s 737s, big planes, small planes long haul you name it and ive been in it!

I think what really gets me anxious is not the flight itself but the duration and the painstaking process of connecting through different airports.

Unfortunately, Ireland does not offer a direct flight to DR which to me makes geographical sense but i assume its a numbers thing for the airlines.

So far to get to the DR i have had to go through different countries and cities such as france, england, holland, usa.

The AF route is quite easy as i just take a plane to cdg (charles de gaulle) Paris and then a 8.5 hour flight which really annoys me. Has anybody gone to sleep, woken up and think great just one hour to go to find out youve only been flying for 3 hours? happens to me all the time. The second route ive taken is the Manchester route which cheap it is but getting a Ryanair flight which charges you i dare to say even for sneezing is just to debilitating.

Surprised as i am to say for me the best way is going through JFK in New York, although i have to overnight there, i have plenty of friends and family living in the big apple so i dont mind staying there for the night.

Now, internal flights in the country are another different enchilada altogether! Aerodomca in the city has very much pretty regular flights only for 75 bucks to go from the city to Samana. There are also other domestic airlines such as volair which can fly you punta cana samana or punta cana santo domingo.

The last time i was flying it was just myself and the pilot in a little 4 seater plane. I was sitting in the co pilot seat. For me it used to be terrifying but now its such fun! I asked the pilot how much would a plane like that cost (old 80s plane) he said around 60k but the maintenance is the one that kills you.

I am touting with the idea of buying a small plane for the company, leasing it out to one of the airlines to cover maintenance costs and then using for my inspection trips.

Any thoughs anyone?

Annie

Nightmare on Caribbean Street

Hello All,

Just though I share a little story with you all as sometimes people look at us realtors as the slimiest of the slime and sometimes I get frustrated being categorised in the same list as those who have no professionalism and ethics when dealing with clients.

When we started our business we had a few sales here and there, and were told (very mislead) that rental projections for my clients would be close to 10% per annum. Now, because this was a new development the developers did disclose that these projections would only be 50% of the initial projected figures for 3 years and there was a rental pool management facility in place. The Developers also assured me and my negotiators that there were people crying out for rental properties in this development! Well, surprise, surprise! When it came to closing and placing the units in the Rental Pool Programme, guess how many rentals my clients got? 0, nada, zip, none. Apart from that fiasco, titles were delayed but properties were finished, very common in real estate law over there but not very common were my clients come from.

My clients quicked up a fuss, threathened me to go to press and called me names ive never in my life heard! what did I do? well legally I was not required to pursue any action as the information given to clients was that of the Developer, but morally I fell a huge responsibility for these people.

Solution: I went to the DR armed with my solicitors and plenty of amunition and forced them to amend the initial promise of sale to reflect a penalty for my clients, holding 20% of their monies in escrow and also acquiring a US$1500 penalty for every month titles werent delivered, plus the property ensured by the developer until proper title was given and furthermore use of their properties for rental purposes.

What happened next? They have collected penalties for the last 10 months whilst holding 20% on escrow and we at EOP are renting their properties ourselves, furthermore I payed for them to visit their property at my own expense.

What do I get in return? Nothing, nada, not even an apology, a thanks Annie for helping us and not abandoning the problem. Now, you guys tell me if you have purchased property, ran into problems and your agent has resolved the matter at their own cost. I do not expect to be mother theresa, but would also like to say that sometimes you can find true and honest agents that will genuinely assist you and work hard for their money.

Feel free to comment on this.

Annie

the funnest inspection trip with clients

This is what my job is all about! travelling with my clients to the Exotic Caribbean and showing them the beauty and colour of my native country. I enjoy to make them try new things and experience the new flavours, sensations and culture of my beautiful land. Property is not shavvy either, and with my expertise I know they will have and own a little piece of paradise! Enjoy! Annie

 

Out and About – Annie Egan

Just have a look at the Exhibitions I’ve been to and what we have been up to so far!

Enjoy!!

Annie