Selling your property in the Philippines can be more stressful than you imagine. This is not only because of the paperwork involved in the process, but because certain things were not sorted out first before the process began. That is why we will talk about things you should know or at least ponder upon before putting up your property in the Philippines real estate market.
- A real estate broker: Selling a property in the Philippines demands a lot of work, energy, time, and money. This is what most people don’t know, so they usually feel that they can do it on their own. This doesn’t mean that it is impossible to sell your house on your own. After all, you will be increasing your profit, at least that is how it looks at first. So consider how you want to go about the sale, do you want to employ a broker? Or do you want to do it yourself? Employing a broker is one thing, and hiring the best is another. So make sure you research on the broker before employing one and be sure that he has a good number of sales recorded.
- Pricing: Every property owner feels their houses are the best, and so they want to put a high price tag on them. But there are certain things you must put into consideration before pricing your property. First, you have to compare the prices of other houses in the same area and place yours within that range. Your price should pursue potential buyers because there are a lot of properties in the market already.
- The medium of advertisement: How do you plan to make the public know about your property? Are you going online or offline? In the Philippines, there are numerous websites you can publicize your property to make the whole selling process faster and easier. You can decide to go offline if you wish, but whatever you decide to do, make sure you have beautiful images of your property either on social platforms, on listing websites, or as hard copy for your offline adverts. Also, consider where your prospective buyers are and be in their faces at all times.
- Are you ready? This is a very critical question. Being ready here does not mean ready to get the money and be on your way, but are you prepared to let strangers come into your property? This is especially hard for those who have lived or made their home in these houses. You have to be ready in every aspect, physically, with all the required documents, emotionally and otherwise.
- An open house event: This has something to do with the pricing and location of your property. If the price of your property is up to 10,000,000 and above, then you should consider an open house event. Also, an open house event should be considered for properties that are near traffic. If your property falls among this category, then you should start planning for an open house or at least have that in mind.
There is more to selling a house in the Philippines, but don’t be scared. Put the above into consideration, do the necessary research, and you will be just fine.