What do we do for our Commission?
Imagine having a bilingual personal assistant based in Portugal with the key to your home overseas,
that has made it easy for you to sell your empty property while you continue enjoying your everyday
life, meanwhile your assistant will work all day long to bring you hundreds of thousands sometimes millions of euros, and pay for the entire marketing process in order to find a homebuyer to purchase
your property, and she will do everything she can and won't stop until the job is done whether
it takes 1 day or 365 days, what she knows to be true about her role is that her success
will effect everyone involved in the process and you don't pay her anything until after
she closes the deal at a price you're happy to accept, receiving a 10% deposit from the homebuyer!
In Portugal our company operates very similar to a UK high street Real Estate Agent, where homeowners and homebuyers contact us to help with the sale and purchase of their home or business. Both homeowners and homebuyers sign an agreement to assign the services of Diamond Properties Algarve. We receive a commission when we are successful to find a homebuyer to purchase our homeowner's property. In the majority of cases we work directly with the homeowner and homebuyer. There are occasions when a homebuyer will register with us and we find them a property with another Real Estate Agent who has been assigned by another homeowner and vice versa, we also receive referrals of homebuyers through other Real Estate Agents who want to buy our assigned Homeowner's property.
Our main activities in the real estate market in the Algarve is from foreign residential homebuyers purchasing individual secondary homes who either want to 'get away from it all in the sun' with their family or for investment purposes to receive an income from a buy to rent holiday home, there are more and more homebuyers looking for a permanent home purchase and obviously we have local community family home sales and purchases. We also deal with commercial Real Estate and developers for the sale and purchase of land.
We thought everyone in the industry did what we did, most of it completely free as we don't require payment until we deliver a homebuyer, so there's no guarantee of getting paid, though it does cost thousands of euros and hours working every day to operate a business trying to reach our customers' goals.
Having been at the receiving end of the service both as a homeowner and homebuyer, we realised there was something to learn here, and a radical change was needed so we decided we wanted to help people going through the same experience as us in Portugal with the sale and purchase of their property.
Real Estate Agent's in Portugal work on a commission only basis receiving 5% commission plus 23% VAT. We offer a special discount and other benefits to exclusive clients.
Here are just some of the testimonials of the wonderful people who have trusted us with their most valuable asset and biggest decisions of their lives.
“Our dream has come true and we are now happily settled into our new Boliqueime home”
“We want to thank you both very much indeed for all your patience and help during this
special adventure in our lives”.
“You have always been available and ready to sort out problems, which has been very much appreciated”
“Not sure how we would have done without you both!”
“Absolutely love it, looks amazing, you have both done such a great job”.
“I’ve never come across a Real Estate Agent like you, you’ve gone over and beyond.”
“You’ve done it again, found us the perfect property, first visit.”
It is because of testimonials like this why we love our job and why we're truly grateful for you, our client. From the elderly homeowner who lives 1000km away who was unable to travel, couldn’t pack up his house, didn’t know a good solicitor, had his house (and car) left in a terrible condition by someone who was supposed to care for it, he trusted us to took care of everything for him including clearing his house, packing and shipping his personal things and buying boxes of his favourite Portuguese sardines and now selling his car after getting it fixed. Or the repeat customer who bought off us a second time and again the first house we matched them to. Or the homeowner watching as we totally transformed their house for the photos, saying they’d never seen a service like it in the UK and leaving us the key to sell their property while they return to their life and work overseas. Or the homeowner who lives 1400km away whose house we sold 500km away to the first homebuyer to walk through the door who travelled 1000km to see it.
We investigated what other jobs are commission based. Here are some jobs we found, that may surprise you.
Out of all these commission based jobs, the lowest* 10% earners is in the Real Estate Agent industry.
The biggest differences between these commission based jobs and ours is we are literally inside your property showing strangers around who are judging whether or not to buy it, it is extremely personal and emotional. It can be a highly sensitive and stressful time selling your home particularly if the sale is forced or a reluctant move due to health, money and relationships. As your Real Estate Agent we try to make it as easy and stress free as possible, to enable you to move on to the next chapter of your life or assist you as the homebuyer to purchase your dream home. We operate in an industry that is one of the biggest economic contributors to the Country with Stamp Duty and Capital Gains and other taxes going to the Government.
Here is a list of the kind of things acquired by and required by us in order to perform our role:-
We realise that as a small business, independent family operated company, that we’re not your average Real Estate Agent. With the big franchise companies with multiple offices, they will have different departments dealing with what we do, where one single customer will be passed through several staff to process their property sale and purchase. This doesn't happen with us, so makes us pretty extraordinary, we suppose it's our USP.
We hope you have learned something new about the working life of a Real Estate Agent, and perhaps have a new found appreciation for just how hard we work, how extraordinary our job is, the sacrifices we make, and the realisation that there are few jobs where staff would do what we do for free with no guarantee of ever getting paid as it is performance driven pay. Despite the numerous rejections, we remain positive and hopeful in an industry which is sometimes so critically perceived. Fortunately the majority of the time we are appreciated and make lifelong friends out of our homeowners and homebuyers.
Perhaps you yourself are a Real Estate Agent or small business owner, so can relate to these duties or maybe we've missed something, let us know.
Three of our biggest motivations are showcasing stunning properties and promoting the beauty of Portugal to inspire people that wouldn't otherwise consider Portugal to invest here and make this country their home or chosen destination for their holiday home. Thanks to this business the best part is we get to meet the most extraordinary, inspiring people that we would never have otherwise met. It's a tough business to be in but having such a positive impact on changing people's lives and sharing the pull of this wonderful country, it is a privilege to come to work every day.
During the early days of our business, one lovely gentleman who owned a long established and very reputable Real Estate Agent visited our shop unannounced one day to introduce himself, his warm genuine welcome visit was so appreciated. He left us with 5 top tips in this difficult industry.
Our business plan includes putting the pride and passion back into our industry and the goals of why we do it, with 3 priorities;- People, Properties and Portugal.
So if you are ready to sell your property or buy your dream home, get in touch we're happy to help, it's our job, we enjoy it and we think we're quite good at it actually!
www.DiamondPropertiesAlgarve.com
Source
*https://www.thebalancecareers.com/commission-based-sales-jobs-4588585
