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  1. #1
    Thailand Expat
    Airportwo's Avatar
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    Khon Kean KO Homes

    Anybody know anything about this place, there is a house that is in that area I may be interested in.

  2. #2
    Guest Member S Landreth's Avatar
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    more information needed,......what area?

    maybe a website? so we can help you

  3. #3
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    How about this?
    K.O.Park, 11 Kaentoompracharat (Kaen Nakorn lake road)
    T.Nai Muang, A.Muang Khon Kaen 40000 Thailand

  4. #4
    ding ding ding
    Spin's Avatar
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    No such place as KO Homes. There is the KO Park, which is an office development by the Piman Pattana company.

  5. #5
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    ^ Thanks, guess I got the address mixed up, was going to drive\find the place and cut out the agent selling house! Though I do have a slight problem being that I still haven't sold my house in Pattaya

  6. #6
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    Why cut out the selling agent

    Quote Originally Posted by Airportwo View Post
    ^ Thanks, guess I got the address mixed up, was going to drive\find the place and cut out the agent selling house! Though I do have a slight problem being that I still haven't sold my house in Pattaya
    Why would you want to cut out the selling agent. He spends hours making the website, driving around taking photos, negotiating with difficult vendors, all out of his own pocket. Do you not believe he deserves the odd commission. I know personally that the figure of 800,000 commission is way off the mark, Its a great deal less than that. The Thais trying this on with phone calls just asking for the location, trying to do what you do get well brassed off when, if they dont supply contact details, they dont get the location. The real estate people have to present these details to the vendor to have any chance of commission.
    The website you talk off Khon Kaen Homes once placed maps on a developers property listings and within 6 weeks, property that had not moved for 5 years was sold, maybe as many as 7 houses went in that period and KKH could not prove the maps had allowed people to view without the agent and deal direct with the developer. For all those hours of effort they got 0000 baht. There is now no location maps because the vendors cannot be tied to a deal and it is their nature to not want to pay money to a third party.
    If you were in your own country you would pay agent fees and be done with it. There is literally 2000 pieces of real estate to buy within the ring road of Khon Kaen but if you want to drive around for 6 months loacting it, that is your choice. Its not only what is listed, it is the local knowledge, that you cant buy. Real Estate people here are more like 'relocation experts' providing information about schools, hospitals, the city etc. A mind of very useful information.
    You must be asking how I know all this, its because KKH is one of my websites. Nice to meet you and if its the 16,000,000 baht property you're after just email me from the site and I will give you the location. Thank you

    WHINKK
    Last edited by whinkk; 30-01-2011 at 08:31 PM.

  7. #7
    ding ding ding
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    Quote Originally Posted by Airportwo
    The asking price for the house is 16 million
    This one? Khon Kaen Homes, Real Estate, House, Bungalow, Apartment, Metro, Condo for Sale and Rental

    I know exactly where that property is.

    I bet you'd love to know, wouldn't you

  8. #8
    better looking than Ned
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    Airportwo
    I tell you if you give me 50 bucks

  9. #9
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    Quote Originally Posted by whinkk
    placed maps on a developers property listings and within 6 weeks, property that had not moved for 5 years was sold, maybe as many as 7 houses went in that period
    Something you should think on, goes to prove the houses can be sold and sold quickly, maybe people consider the commissions to high, or maybe something else, but, definitly something real estate agents in Thailand should put some thought into.

  10. #10
    Thailand Expat
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    Quote Originally Posted by Rigger View Post
    Airportwo
    I tell you if you give me 50 bucks
    OK, but will have to be a 100, no change! Anything better than listening to Motor mouth Spin.

  11. #11
    Thailand Expat
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    Quote Originally Posted by whinkk
    Real Estate people here are more like 'relocation experts' providing information about schools, hospitals, the city etc. A mind of very useful information
    I have lived here over 20 years, have a few properties and simply havn't found this, very few have!
    Possibly Whinkk you are different, but you speak as if you are "all" dedicated proffesionals "here" simply not true.
    The commision the majority of real estate sellers want is 5%, that equals 800k using my calculator, what percentage are you charging?

  12. #12
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    Quote Originally Posted by dirtydog View Post
    Quote Originally Posted by whinkk
    placed maps on a developers property listings and within 6 weeks, property that had not moved for 5 years was sold, maybe as many as 7 houses went in that period
    Something you should think on, goes to prove the houses can be sold and sold quickly, maybe people consider the commissions to high, or maybe something else, but, definitly something real estate agents in Thailand should put some thought into.
    Commissions up here can be as low as 1% just to get a desirable property online and sometimes they will not sign a contract you have to do things on trust, which is usually okay with farangs. Its is not us dictating the prices, we can only advise them of local prices in the area. The price is usually dictated by how much money they need. City centre commercial land as well published values (some as high as 20,000,000 per rai). The houses that never move off the site are usually over priced, we tell them but they know better.
    Pattaya and such places has a market where farangs have a big say, up in Isaan its upto the individual. 95% and more of house sales up here are Thai and Chinese buyers and vendors. Its difficult to change the culture of 1000 years, people with money dont like paying. This is a different world.

  13. #13
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    Quote Originally Posted by Airportwo View Post
    Quote Originally Posted by whinkk
    Real Estate people here are more like 'relocation experts' providing information about schools, hospitals, the city etc. A mind of very useful information
    I have lived here over 20 years, have a few properties and simply havn't found this, very few have!
    Possibly Whinkk you are different, but you speak as if you are "all" dedicated proffesionals "here" simply not true.
    The commision the majority of real estate sellers want is 5%, that equals 800k using my calculator, what percentage are you charging?
    The commission up here never exceeds 3% (and thats split between 5) and usually that is negotiated down. If I could trust all the players involved I would put google maps on every property sit back and sell a house a week

  14. #14
    ding ding ding
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    Quote Originally Posted by whinkk
    The commission up here never exceeds 3%
    Exactly, no farang agent here has ever seen 5%, never, Mr Airport knows fock all as is usually the case with commission dodgers.

    Piman and Land and House "pay" 3% if you are lucky, no?

  15. #15
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    Quote Originally Posted by Spin View Post
    Quote Originally Posted by whinkk
    The commission up here never exceeds 3%
    Exactly, no farang agent here has ever seen 5%, never, Mr Airport knows fock all as is usually the case with commission dodgers.

    Piman and Land and House "pay" 3% if you are lucky, no?

    There is many misconceptions about commissions. Selling new houses personally puts 0.25% in my pocket or about 5000 baht for the referral, renting a house for one year gives me 20% of 1 months rent. Do the maths, the greed is from the vendors, not all of them. Presently its a great time to buy in Khon Kaen, new housing developments everywhere, dont expect major discounts, some freebies maybe!

  16. #16
    Thailand Expat
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    Quote Originally Posted by whinkk
    The commission up here never exceeds 3% (and thats split between 5)
    Why is it split between 5?

  17. #17
    Thailand Expat
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    Quote Originally Posted by Spin
    Exactly, no farang agent here has ever seen 5%, never, Mr Airport knows fock all as is usually the case with commission dodgers. Piman and Land and House "pay" 3% if you are lucky, no?
    Goodness me Mr Spin! that nasty motor-mouth of yours is in gear again!
    You manage to come over as a nasty, ugly aggressive piece of shit - well done!

  18. #18
    ding ding ding
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    Quote Originally Posted by whinkk
    Selling new houses personally puts 0.25% in my pocket or about 5000 baht for the referral, renting a house for one year gives me 20% of 1 months rent
    You are wasting your time. Go back to that tight bastard Channarong at Piman and tell him to give you the 3% that is the norm

    20% of one months rent? so 10000 baht a month house gets you 2000 baht?

    Sorry dude, you must be doing this for a hobby? You are never going to cover expenses with the numbers you are quoting.

  19. #19
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    Quote Originally Posted by Airportwo
    You manage to come over as a nasty, ugly aggressive piece of shit - well done!
    Better than being a cheap bastard though, isn't it????

  20. #20
    Thailand Expat
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    Quote Originally Posted by Spin
    Better than being a cheap bastard though, isn't it????
    Your a class act, that's for sure! is it not past your bedtime now?

  21. #21
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    Quote Originally Posted by Airportwo
    Your a class act
    Well yes, I would at least have the decency to make contact with the agents via the website and introduce myself, by name, as an interested party of any particular property. I think any decent person might act like this.

    If the only reason I am aware of a property is due to the prescence of an agents website then obviously the agent has supplied a service, in advance, and as-yet unrewarded.

    This whole idea you have where you are happy to learn about a property valued at 16 million baht for free but yet not reward the person who brought it to your attention could be described by some act the act of a douchebag.

    Are you one of these types who suddendly has to take a piss everytime it might be your round in the pub?

  22. #22
    loob lor geezer
    Bangyai's Avatar
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    Talking of estate agents, had a bit of an odd situation arise this evening.

    We're just moving into our new home and decided it was time to put our old place up for sale. As we're only selling for 820,000 we decided to sell it ourselves and not use an agent. Using the computer, I made some nice A4 ' for sale ' signs with a colour picture and started sticking them on lamposts ( like the Thais ) two days ago as well as placing it on a free website.

    This evening we got a call from an agent offering his services for 30,000 baht . We politely declined. A mere 15 minutes later, the same agent turned up in front of our house and put a notice on the lampost right outside saying ' house for sale, 710,000 baht ' ( but not saying who's house ) ?? Checking his website he only has one property in our village and thats for 980,000 . I mean....how rude is that ?
    We mean to find out if he actually has a house for sale or not by having a few friends phone to ask. If not we will consider how best to proceed with this nob.

  23. #23
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    hilarious

    it is called a spoiler! just take the sign down

  24. #24
    FarangRed
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    Theres one agent I know of here in Phuket 10% comm on sales, on rental is usually the first months rent as commission

  25. #25
    loob lor geezer
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    Quote Originally Posted by DrAndy View Post
    hilarious

    it is called a spoiler! just take the sign down
    Already done. I had just come out of the shower and happened to be looking out the front of the house when he was putting it up. Talk about furtive glances over the shoulder and rapid exit stage right. In retrospect, kind of amusing, but at the time my emotion was of unbelief and irritation.

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