Re: Buying Property in Spain

GBPC,

I have bought a property in Spain (and the US plus UK). I heard
similar issues about Ocean Estates but have no direct experience with
them one way or the other. I do have an agent that I would recommend.
She does a great job and clearly researches the market to match what I
was looking for.  She works for Viva and they have a number of
policies to protect the buyer.

I am a professional property investor so a bit more picky as to the
details.  I did not look at Costa Blanca and I am not sure if the
agent I work with covers that area. If not she may have a
recommendation of someone she would trust.

As I do not check this group often, send me an email and I can connect
you.

John

[EMAIL PROTECTED] (gbpc) wrote in message news:<[EMAIL PROTECTED]>...
> I am worried that this has been written by "Anon" Have you worked for
> Ocean or actually bought through them? Are you based in the Northern
> Costa Blanca? A few more details might covince me that you're not just
> in competition with Ocean and fancy sticking the knife in.
> 
> I am genuinely interested in your reply as I am currently planning a
> trip with Ocean.
> 
> gbpc
> 
> [EMAIL PROTECTED] (Anon) wrote in message news:<[EMAIL PROTECTED]>...
> > To the many people out there whom have bought property through Ocean
> > Esates International I have some bad news for you but hopefully this
> > posting will deter other people from using this terrible company.
> > 
> > Beleive me I know the facts as I know the company very well.
> > 
> > Below are listed some alarming facts:-
> > 
> > The company claims to have been running since 1985 and states that a
> > purchaser should not use a company that has been set up for less time
> > although the company was started by a man who previuosly sold menswear
> > and practically every salesperson working for the company has
> > absolutely no property sales experience at all!!! (I would rather use
> > a company that knows what it is doing rather than use a company run by
> > ignorant youngsters)
> > 
> > I know that someone from the uk has recently bought a property on the
> > North Costa Blanca throuh Ocean Esates. The property is a plot and
> > build in Javea. The developer quoted Ocean Estates a price. Ocean
> > Esates promptly added a further 100,000 euros on top of that price.
> > The purchaser has thus paid at least 90,000 euros too much for the
> > property. That is a lot of money - is it you?
> > 
> > I know that numerous people from the uk have recently bought re-sale
> > properties on the North Costa Blanca. They were vastly overpriced. The
> > lawyer suggested by Ocean Esates whom they receive "backhander"
> > payments for supplying the clients are asked to hide the amount of
> > commission from both the vendor and the purchaser because the sums are
> > extortionate. Surely you instruct a solicitor to act for you not Ocean
> > Esates?
> > 
> > I know that someone has recently bought a new villa in Benimeit in
> > Moraria for around 500,000 euros. The property was at least 50,000
> > euros overvalued but Ocean make out that these are the market prices
> > and that if you go anywhere else they will be more expensive/or do not
> > offer the proper service. Its is total rubbish, there are many good
> > companies in Marbella and the Costa del Sol. I know that this person
> > could have bought a similar property in a better location for 450,000
> > euros.
> > 
> > Ocean Esates treat their staff like dirt. They tell their sales staff
> > to tell prospective purchasers that they do not work on commission and
> > state what a lovely job it is with no pressure and fantastic working
> > conditions. The truth is that the staff are forced to work 7 days a
> > week, with no lunch breaks, they do not get expenses, petrol, or even
> > cars provided. They hold back payments of commission to their staff in
> > order to keep them hanging on to their miserable jobs and if you leave
> > you do not get paid which is illeagl. They make their staff sign
> > illegal documents stating that they will only receive 50% of their
> > oustanding pay although you are entitled to 100%.
> > 
> > Ocean Estaes and the other big agents are driving peolpe away from the
> > northern Costa Blanca buy stating over inflated prices because of
> > their greed for money even though property if you go to the right
> > agents is very reasonable.
> > 
> > I could go on for pages and pages on how Ocean Esates scandulously con
> > hard earned money out of people but that does not do any one any good,
> > my point is use a reputable local agent when buying property in Spain
> > - how do you think the company can afford an 8 million plus euro
> > advertsing budget and obtain the front position at its exhibitions?
> > Answer:- By "ripping" you and their staff off!
> > 
> > I hope that this will at least save a few people from being conned out
> > of their hard earned money.
> > 
> > Regards,
> > 
> > Anon