For OFWs: Top 4 Crucial Things to Learn When Buying a Home in the Philippines

“Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.” – Theodore Roosevelt, U.S president

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Whether you realize it or not, the rapid growth of OFW homebuyers is increasing. Of course, investing in their own home is one of the things they want to do to make sure that they have a secure and nice future. Sad to say, not all OFW knows about home buying process in the Philippines. As a result, they regret investing in a real estate.
Well, if you are one of those OFWs who wish to have their own home, then you should know at the least the basics of real estate. Whether you plan to invest in a pre-selling condo in Manila or any real estate in the Philippines, you should know what to do to make sure that you will get the right home for you. And to avoid such unfortunate scenarios, below are some of the things you should know to achieve the desired outcome of your home buying process.

Research, research, research

Do not ever decide to choose and buy a particular property if you don’t know anything about it at all. Of course, before you can choose one, you should also know what kind of property that you are going to invest. If you think that you are still not satisfied with the quality of property that you have found online, then you should do your research more. With that, you will eventually find a good and suitable place for you. You just have to be patient in searching.

Return home or work with a trusted representative

There are a lot of OFWs who invest in a home even if they are not around in the country. With that, there might be unwanted situations that may arise. To avoid such, there is a need for you to return home or work with a trusted representative. Of course, you have to since it will definitely be difficult to transact real estate investments when you are out of the country. However, if you think that you still can’t go back home, then the best way to ensure that the investment is in good hands is to work or hire a broker. With that, it will be easier for you to achieve your desired home.

Value for money

As an OFW, even if you have the budget intended for your home, you should also consider other expenses. That means you need to choose a property which you can afford to have. Moreover, even if you can afford such property, there might be other add-ons that you don’t know. That is why you also have to make sure that you know every single detail of the transaction process. That is also for you to know what is already going on with your investments.

Find a reliable and reputable developer

There are a lot of real estate developers in the Philippines; you might not recognize some of them. Making sure of your investments also means making sure who you trust. Placing your trust to a developer who you don’t know anything at all, then this might jeopardize your real estate investments. When you choose a designer who is well-known with a good reputation, then you will definitely have a brighter side of your future.

 
If you are one of those OFWs, when you know the basic of real estate process, you will eventually realize that investing such is not as hard as you think it is. Of course, making sure that everything is going smoothly is a must for you to do.

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Real Estate 101: A Brief Guide To Make Your Online Listings Get Noticed

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One of the most common ways to sell a home is through listing it online. Agree? Indeed, it is! In fact, it is one of the fastest ways to publicize your property that is put on sale. And it is amazing how the social media help us achieve in finding the right and interesting homebuyer. Of course, it will be a lot easier to search and make a transaction through online.

However, although listing your property online is a convenient way for you to sell your home, remember, there are also thousands of home sellers who are also competing to sell their homes. Whether you plan to invest in High Park or any real estate property, you will succeed in a competitive world of the online listing when you know who it works. Below are some of the real estate advice on how you can make your online listings successfully get clicked and read.

Do not skimp on the details

The information about your property is one of the most important things that you should not forget to include. What kind of property that you have? How many rooms? How about the kitchen? Does it have a second floor? This might be simple information, but these should not be missing on your details. You have to make sure that your potential buyer can already imagine what kind of property that you are selling just by giving them the exact information about it. And with the given information, they will know whether the criteria of your home fit on their lifestyle or not.

Give complete contact details

Usually, aside from the necessary and essential information that you have given to them, there will be other concerns or questions that they want to ask from you. As a home seller, you have to expect a call and follow-up questions from home buyers, especially buyers who are meticulous when it comes to the property that they want to have. You don’t want to let the opportunity slipped away from you, right? That is why you have to make sure to put your complete contact details.

Give them the best photos

Your photos are as important as your information. It doesn’t matter how detailed and convincing you are when it comes to the information that you gave to them, but if you don’t have any pictures to prove what you are talking about, then it is useless. And homebuyers will not be impressed when you don’t have the right and best angle in your photos. If you think that this part your property has an appeal and is unique, then you have to flaunt it by taking pictures of that particular angle. Good pictures are there to tempt them to decide and buy your property. That is why you should have your best shot!

Sell the neighborhood as well

Aside from your property, what interests your potential buyer the most is the neighborhood. Of course, they don’t want to compromise the quality of lifestyle they will be having. They are mostly concern about what kind of surroundings or community your property belongs to? What kind of people are they going to interact if they decide to buy your property? Is it safe for the children to play and roam around? When they know that you have a good and friendly community, there will be higher chances that they will buy your house.

Do not forget about the price

The price of your property found in your details serves as a deciding factor of your potential homebuyer. This is the time where they will decide to buy your property or not. However, if you don’t include the price on the listings or in your information, your potential buyer might think that your property is overpriced. Of course, you don’t want that, right? Also, you should also state whether the price is negotiable or fixed.

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Homebuying 101: Top 5 Secrets Your Realtor is Keeping From You

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When it comes to home buying, hiring a real estate agent will always be an advantage. Perhaps, some of you are planning to do all the work to save you from any commission rates, but for most home investors, going solo might not be a good idea. It does not matter if you want to invest in pre-selling condo in Manila, you do not want to end up committing costly mistakes.

Although realtors play a significant role in the home buying process, there are just some things they hide from us – either they just don’t know how to say it, or they simply just do not want us to know. However, keep in mind that without proper communication between you as the buyer and your realtor, there might be some misunderstandings and complications in the long run. That is why, to give you some ideas, we list down some things most realtors won’t tell you about.

  1. The agent’s commission is negotiable

While some people believe that agent’s commission rate is a 50/50 between the seller’s agent and the buyer’s agent, sometimes, other realtors would demand higher rates than the others. Although commission rates would depend on both parties, what you do not know that it can be negotiated. However, if you want to deal with homeowners who do not want to work with a buyer’s agent, then there’s no reason for you to carry the burden alone. Moreover, it won’t cost you if you want and decide to engage with the services the real estate agent can offer.

2. The agent has little control

Perhaps, you think that realtors can do anything for you to achieve your dream home or find a rightful buying of your home, but what you do not know that they only have a little control of the situation. Yes, they can help you achieve a desirable outcome, but there is certain process for you to take. Keep in mind that real estate agents do not have any hold of what’s going to happen. For as long as they do what they need to do, then they will definitely help you achieve that matter.

3. You can’t afford this property

A real estate agent can help you buy or invest a house. But if you are not financially prepared for it, then your agent might have a hard time offering you a good deal. As a home investor, you also have to remember that agents are just there to help, guide and assist you with the transaction you made. However, they can’t help you when it comes to financial matters. It is your responsibility to provide such for any monetary needed.

Before anything else, you have to assess yourself on whether or not you can afford to invest in a real estate. If so, then you can proceed to the next step which is the transactions. And another thing, you should also make sure that you have a real budget for it for as not to face financial problems later on.

4. People are petty over refrigerators

Whether you are aware of it or not, there are home investors who would definitely be interested when you have good appliances at home, especially when it comes to a refrigerator. This attracts the buyer since the fridge falls into a gray area, where it can also be a deciding factor of a homebuyer on whether or not the fridge will stay or goes with the seller. That only means, make sure to impress your potential buyer with the appliances you include in your house.

5. Do not ask your real estate agent about race or ethnicity

Asking out from curiosity might not be a bad thing at all. However, keep in mind that it would definitely be unethical and unprofessional when you ask your agent about their race or ethnicity. Before you ask, you should consider their feelings if they are going to be offended or not. Also, never ask them about it especially when you are in the middle of the transaction. This kind of action is definitely rude on their part.

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Four Common Questions About Philippine Real Estate

 

 

Owning a home is a keystone of wealth… both financial affluence and emotional security. ~Suze Orman

One of the most crucial aspects when it comes to buying real estate in any part of the world is to know your legal rights. This applies true for house and lot buyers Philippines. It makes potential homebuyers more vigilant about their real estate purchases and aware whether the contract they are signing has legal color. Additionally, it would help prospective buyers weed out unscrupulous people such as scammers and unlicensed agents.

However, most Filipinos are lefty unaware of what their rights as a buyer which would render them vulnerable to bad deals and underhanded transactions which is why it would very much benefit them to have a general knowledge of our local laws.

The Philippines has an excellent set of legislation that would protect buyers from bad real estate agreements. Instead of the usual jargon found in real estate law books, this article aims to make it clearer to its readers as regards their legal rights as a homebuyer and a homeowner by elaborating on the most common questions about the Philippine real estate.

1.) Do foreign spouses or family members have the legal capacity to acquire property in the Philippines?

Unless they are renting a place such as in one of the condominium units for rent, the law is explicit when it comes to foreigners owning land and property in the Philippines. It has been stated that only Filipino citizens are allowed to buy real estate property in the Philippines regardless of whether such property is a condo or a home.

The rationale for this law is to keep Philippine lands from transferring ownership to foreigners lest we get overrun by properties owned by foreign nationals. However, foreign nationals can own property through co-ownership with his or her Filipino spouse or if the foreigner owns a corporation or an ownership where sixty percent of it is Filipino owned.

2.) What is a deed of sale and what are my duties as regards this document?

This crucial piece of document is essentially your legal proof of purchase. In essence, it indicates the transfer of property between the seller and buyer and shows that it has legally transpired. As a homebuyer, you should authenticate the document and have it notarized and recorded in the registry of deeds. After which, a homebuyer ould need to pay for transfer tax, registration fees, documentary stamp tax and other fees.

3.) What are my options when dealing with an unlicensed agent?

Before buying any property and dealing with an agent, it is best to check if the agent is registered with the Professional Regulatory Board of Real Estate Service. Unfortunately, there is not much recourse in dealing with an unlicensed agent apart from filing a fraud charge in the same manner as you would when you file a crime report.

4.) What are my rights as a buyer?

When it comes to property sales agreement, the rights of a homebuyer are essentially two things which are:

1.) The right to demand the developer to deliver the title of the unit or property upon full payment; and

2.) The right to be reimbursed with the amount you have paid which would include the amortization payments.

In essence, this would mean that it would be illegal for the developer to forfeit any installment payments in favor of the owner or the developer himself. Both laws are reflected in Presidential Decree No. 957- Subdivision and Condominium Buyers Protective Decree.

Condo Living 101: Four Reasons Why Condos are Ideal For Newlyweds

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“Living together is an art, it is a patient art, it is a beautiful art, it is fascinating” -Pope Francis

After saying your designated, “I do’s”, the next possible milestone and adventure would be choosing where you and your spouse would live. From the myriad of choices you and your partner have, it would be a challenge to zero-in on one. However, if you and your spouse are just starting out, your best tack is to start your familial life in a condominium unit. Expansion and some renovation constraints may be a problem, but if you considered the advantages of living in a condo, you would realize that it takes out so many of the complications and headaches that a single home ownership might bring to your relationship.

Additionally, condo living has been a growing trend among newlyweds, young professionals, and small families—and needless to say, with the proliferation of condominium real estate properties all over the city, you have a wide range of properties to choose from. From lush real estate properties such as Solstice and High park to affordable properties with flexible payment schemes, you do not have a shortage of options. Apart from those stated above, here are more reasons why living in a condo is ideal for newlyweds:

1.) More bonding time

Most condominiums are located near business districts and entertainment hubs which would mean that your regular commute from work to home is significantly shortened. If the convenience alone of living alone is not enough to convince you, consider how much this effectively cuts your commute and as a result, give you more quality time with your partner. Additionally, if you and your spouse are looking for premier amenities, you are granted unlimited access to the condo’s swimming pools, entertainment rooms, and the sprawling lawns. You and your spouse need not go out of town just to bond when you can do it right in your condominium.

2.) Sleep peacefully at night

One of the most integral characteristics a neighborhood and a home must have is excellent security. Knowing that you are safe and secure in your beds at night without fear of anyone trying to enter your property would make you sleep more soundly. In condominiums, they take their tenants security seriously and home safety is non-negotiable. Condominiums usually have security guards stationed everywhere from the gates to the common areas. Additionally, almost every nook and cranny except the units themselves are equipped with security cameras.

3.) Stay fit easily

If you and your spouse are fitness buffs, you will find that it is easy to maintain a healthy lifestyle in your condominium community. You are free to use the gym amenities that come with the condo and are free to sprint in any of the open spaces. The possibilities of designating time for a good workout are endless such as a quick jaunt before heading off to work, or even a yoga session at the rooftop garden on the weekends. No need to worry about any mishaps occurring as these amenities are always well-maintained by the staff.

4.) You can build mutual friendships easily

Starting and building your life together as husband and wife is an exhilarating and exciting chapter in your married life. Part of this is building and fostering mutual friendships together with your spouse which you can easily do in your own condominium. Living in a condominium community opens a lot of prospects for cultivating these kinds of relationships—most especially since most condominium units are populated with unique, zany and interesting individuals and newlyweds just like you. This would enable you to form lasting friendships and relationships with your neighbors who can potentially be your lifetime friends. Introduce yourselves to your neighbors and invite them over for an afternoon tea or dinner. You might not know it, but that could be the start of a lasting friendship.

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Things You Can Do at Home That Help Reduce Electricity Bills

 

 

 

Most of us, if not all, paying our monthly electricity bills is just so frustrating, especially when our budget is on tight. We sometimes even have a hard time looking for money just to pay the said bills. Well of course, wherever you live—may it be in a condo Philippines, Makati area or not, you still have the need to pay your monthly electricity bills.

There are many things you can do to lessen the consumption of your electricity bills. Well, you do not need to totally cut off your appliances for you to have no electricity bills to pay. However, you can still use it in a moderate way.

Now, here are some simple and common things found in our house that can add up to your electricity consumptions when you don’t know what to do with these things.

Aircon

We all want to use aircon, especially when we feel that no wind can reduce the heat of our room. Using of aircon is our first thing in mind when we need to cool ourselves down. We even use aircon in our house, even if it is still in the afternoon. We can’t help it, right? We just need to use it.

Of course, even if we are reducing the consumption of the electricity bills, we can also contribute to reducing and or minimize the consumption by lessening the use of it. Like what you did for the fridge, you can also do it with your aircon. When you feel like you are already cool down or the room or the place is already cold enough, then you can turn the aircon off. In that way, you can the use of aircon is minimized since you had it turned off when you think that you are already satisfied with the coldness of the place.

Of course, as much a possible, try not to leave the aircon on when there is no one around in the room or the place.

Clothes dryer

Did you know that the clothes dryer is also one of the things that can add up to the consumption of the electricity bills? When you do laundry, if you feel like the heat can dry up your clothes, then as much a possible, try using the natural heat of the sun in drying your clothes. Also, make sure that you do laundry in the morning, or in the early afternoon for you to be able to use the heat of the sun still.

And as much as possible, use only the clothes dryer when you are in a hurry, and you need to wear or pack the clothes that you just washed. In that way, saving electricity bills can never be this convenient.

Refrigerator

We all have refrigerators, right?! Especially when we feel thirsty and we have the need to drink cold water to satisfy our thirst, our refrigerator helps us a lot when it comes to it. Of course, not just for storing cold water, we can also store some foods and other things that need to be refrigerated.

But to lessen the consumption of your refrigerator, if you think that your fridge is already too cold, which makes the food be frozen, you have to turn it off. And if you believe that there is a need to turn it again, then you have to do it. Also, if you think that there is a need to defrost, then you have to defrost it. With that, you can reduce the consumption of your electricity through minimizing the use of the fridge.

Bored at Home? Here’s How You Can Spend Your Time Productively While Staying in Your Comfort Zone

 

 

There are a lot of ways on how you spend your free time. It does not matter if you live in a condo in Alabang or any real estate property, you have the freedom to do anything that you want. It is your time; it is up to you what you want to do with it. You may waste it or spend your free time productively.

When we say ‘productively,’ according to the dictionary, it is doing or achieving a lot that produces good results. And when we say ‘spending your free time productively,’ it is doing the things that make you productive. Well, if you want to know what are the things that can help and make you productive, you might consider doing things brilliant ways.

Family bonding

This is also one way to spend a quality time, not just for you but also for the family. Having you around makes a family bonding complete and fun since it is when we tell or share our thoughts and experiences with our family. Cheesy as it may seem, but one way or another, we can have our moral support from them.

Eating together with our family is also a way to bond. Bonding with your families is not just for fun; it is also where we can have a heart to heart talk with them that can bring the family members closer to each other.

Listening to good music

Everyday, we are bombarded with the noise around us. Noises from the vehicles and the people, all these can make your day a living hell which can affect your entire day.

Listening to good music can put you in a good mood. Sometimes, even though you are stressed, it makes you feel relax and at ease. There were also times when you needed some inspirations; listening to good music can help. It can make you do better things when you are in the right mood.

When we say ‘good music,’ it doesn’t mean rock or hard rock. ‘Good music’ is when we listen; it is pleasant to the ears.

Writing

Unfortunately, there are already few people who write. Writing is not that hard as what you think. You don’t have to write an entire article for you to start writing. Writing journals is a good start.

Writing can give you the benefit of telling or sharing what you feel where you cannot share it with others. You can write what you feel for the entire exhausting day, how annoyed and pissed you are, how your boss or friend sucks or how happy you are when your crush talks to you. You write it down.

You are the boss of your writing; you can write what you want and let your imaginations run wild. Just write it down, it is fun!

Reading

What comes to your mind when you hear the word ‘Read’?

When we hear the word ‘Read,’ a lot of people won’t do it since all they know, reading is boring, it can make you feel sleepy, it can make your eyes and head hurt, and it is not fun to read. I know you had those feelings too. But what if these ‘boring’ textbooks can make you productive, are you going to change your mind and read?!

Reading books, magazines, newspapers and other references give you a lot of information that other people don’t have. You know what the ins and outs of today’s are; you know who these particular individuals who contributed significant time to our community or our country, and you will know what to do when circumstances occur.

It is always an advance when you read. Reading can bring you to places where you haven’t been there yet, and it gives you better perspective and understanding of the world. You will also feel confident to whoever you meet since you know something that they don’t.