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Agents the Good the Bad and the Ugly.

Use an agent by all means but don't limit yourself. Why not?  Whilst there are many agents who are scrupulously honest and those agents take a standard commission from the builder.  They will care for the interests of the customer, some if they are able will  look to the quality of the build as the home progresses, as in the case of Jepun Bali who (we, Bali Puri Gelis highly recommend Jepun Bali) monitor the build and only recommend quality properties or properties that are fit for purpose as a family home. 

There are others who just insist on a huge percentage, above what's normal, based on the value of the property and have no interest in the quality. Once sold they are gone into the distance, presumably onto another sale.  

An agent called me yesterday and was clear; he has a buyer that buyer wants a home in our location.  However, he was equally clear unless we agreed his (the agents) terms then he will not put our home forward.  The agents terms were clear; he doesn't care about the quality, he didn't care if it's still standing after an earthquake.  He just cared for a huge commission, he was clear; he didn't care what was agreed with his buyer.

I would like to be clear; we build quality homes.  Homes that will look as good tomorrow even next year, as they do today.  They will not have damp as long as regular standard maintenance is undertaken. We will work with an agent and we will not renege on an agent agreement, whether verbal or in writing. But for the sake of the buyer and of us we will not accept terms that harm the bottom line for the buyer.  We build quality and we provide maintenance after the sale.

The customers satisfaction is our future. If you are an agent who puts your customer 1st then we wish to work with you.

Cowboy builders

 

Hati Hati

Big problems are arising with cowboy builders.  Individuals can purchase land and build a home and then sell that home at a reasonable profit.  Buyers are available for such properties, they are excited about the glitzy finishes, custom built kitchens etc.  They can often negotiate a better price than they can on an adjacent property.  

Buyer beware

There is much more to a property that can not be seen than there is that can be seen.  Recently CV Bali Puri Gelis had a buyer for a small house in Pemogen.  A well constructed small single story property which incorporated all the latest damp proof technology, along with substantially deep foundations constructed of black rock at a depth of more than a 1 metre.  The property had all the high grade steel appropriate to withstand an earthquake.  

The buyer however negotiated a bargain price for the property the deal was closed.  A price which included the agents commission.  But then an adjacent property developer owner proposed a better price than ours, less approx US$700, then the developer appeared to  renege on the agents commission. And the buyer closed the deal saving 1%.

A few weeks later the wet season came along and the house became a sponge, capillary action from below sucking water up.  The walls let water through and the unprotected roof may as well have not been there at all.

I am also sure in saying that the property has a 20cm foundation built from a powdery limestone substance.  We wait to see how it acts during an earthquake.

The buyer has hit a brick wall with his complaints and has decided to now sell the property for the best price he can get.  A substantial loss from his original purchase just a few short weeks ago.

The CV Bali Puri Gelis property just next door remains as it was prior to the wet season starting.  In other words for just 1% more on the purchase price a perfect home awaited them. With a 12 month damp proof guarantee.  

At some point controls will have to be put in place to prevent such shoddy behaviour from cowboy builders.