However, the profits from selling the property are huge with today’s buyers market for OFWs and the affordable Class D and E segments with the sellers market for segment A, B and C (High Society or Upper Middle Class to Middle Class). Short). There has been a slowdown in demand, yet people still dream of owning a property, whether it be for an immediate need as a home or as a profitable rental business.
Regardless, here are some tips for finding a reliable real estate professional:
1.) Set an appointment: Sellers/buyers would be wise to meet the person they are dealing with first. Interview him and get to know him well.
2.) Qualifications: Is he/she a licensed real estate professional? You can display your qualifications handy with a resume, business card with license to practice on it. In addition to contact numbers or he/she has a website, you will have a lot of information about him/her in her/his short biography etc. As of today, most Filipino real estate brokers/agents follow Republic Act 9646: Real Estate Services Act of 2009 in which the implementing rules and regulations plus code of ethics are still in process. The Philippine Real Estate Services Regulatory Board under the Professional Regulations Commission (PRBES-PRC) oversees all regulations in the practice of the Real Estate Profession. Other suggestions for sellers is to dig deeper and find out about the person you want to contact by visiting the following websites for real estate professionals as bona fide members of reputable Certified Real Estate Brokers (CRBs). who are members of the Association of Real Estate Brokers of the Philippines. (REBAP), for real estate agents or members of the Philippine Association of Real Estate Agents Board (PAREB) and contact the secretaries of their organizations to verify.
3.) Knowledge and Experience – You must know the current condition or status of the properties you would sell. Sometimes he will request a meeting with a seller and conduct an eye inspection of said property. You should also be up to date with current tax laws and property zoning and valuation, especially for commercial properties. Don’t forget to ask what their real estate major is to narrow down your interviews and the person you’re looking for. There are real estate professionals who are very good at general brokerage, others may be focused only on selling and marketing projects in newly developed markets, still others may be into raw or agricultural land sales.
4.) Marketing experience: he/she would ask questions ranging from the size of the lot area, the price at which your property is selling and the terms or conditions of payment modes, other relevant information such as the history of the house , the tax return and also ask for the photocopy of the transfer of title certificate. A buyer should be open to some suggestions from a trusted real estate broker about payment terms, for example. A seller should also be flexible with some terms, as long as it is feasible and all are in the best interest of the party in liquidating the property.
5.) Network – A trustworthy Real Estate Broker/Realtor should be connected with clients looking for properties while also having built a large network among other brokers within the organization of which they are a member. Realtors/Estate Agents have a Multiple Listing System (MLS) for Realtors (Members of the Philippine Association of Realtors Board or PAREB) and a Property Listing System (PLS) for Realtors certificates (CRB) for members of the Association of Real Estate Brokers of the Philippines (REBAP) in which they can post online within their organization’s website or display the list during organization meetings for the broker to get help in the marketing and sale of your property immediately.
