Top Opportunities for Real Estate Agents in the Philippines

Imagine being a member of a network where individuals get to sell thousands of property listings nationwide all the while enjoying top-rate rewards, perks, and incentives. Members get to live the lifestyle they’ve always hoped for with the ELITE Network.

Ohmyhome expands its offerings to include the all-new ELITE Network this February 2022. The network aims to gather exemplary real estate professionals and provide them with the widest property inventory in the Philippines at their disposal. It should also allow homebuyers to transact in a faster, safer, and more efficient manner.

“What is exciting is that the platform offers a wide range of properties from Luzon to Mindanao,” says Ohmyhome Product Manager Thor Carillanes. “Another game-changing part of this inclusion is that sellers can primarily focus on selling and our team will be there to assist every step of the way.”

The network is open to all licensed brokers, accredited salespersons, or referral partners who aspire to have empowered selling expertise and lifestyle. Members get exclusive access to Ohmyhome’s extensive roster of products, partners, deals, and services. The ELITE portal should also help its members find the right match for their buyers’ preferences and requirements.

“Ohmyhome’s ELITE Network enables its members to elevate their property selling expertise through our new portal. Here, they can browse listings, manage sales transactions, and monitor their incentive payouts with ease,” says Ohmyhome’s Strategic Partnerships Manager and ELITE Network Project Lead Cielo Dumlao. 

Each member will be given access to the ELITE online portal and its dashboard, where they can view project information, sales numbers, presentations, and the like. A dedicated Ohmyhome team will also be managing clients so members can focus on selling.

“The ultimate goal is for members to make the sales transactions process more convenient for them. Through the ELITE Network, everything they need to close a sale can be found on the portal, from property listings and inventories, presentation materials, and documentation requirements. Members can even hold and reserve a property through the platform.” adds Dumlao. 

Top-performing earners are set to receive lucrative rewards and incentives from their sales. This includes cash, cars, mobile devices, and more. Members are also encouraged to expand their own network of ELITE members so they can maximize their earning potential with referral incentives. 

“Each ELITE member will be treated like a VIP. They will be given comprehensive assistance on their sales transaction process, conduct exclusive training and seminars to develop their selling expertise, and incentives for every sale and member referral,” explains Dumlao.

The ELITE network is a pioneer, revolutionizing the local real estate industry with its dynamic new platform. 

The ELITE Network aims to provide earning opportunities through Ohmyhome’s roster of services, deals, and products. It allows members to better transact with their buyers in a faster, safer, and more efficient manner. The portal should also serve as members’ gateway to finding the perfect property match for each client.

Ohmyhome was launched in the Philippines in September 2020, following the company’s establishment of a tech team in the country in 2017. Ohmyhome was originally founded in 2016, and subsequently rose in Singapore as a leading PropTech solution and licensed real estate agency.

Ohmyhome expanded into the Philippines so that Filipino home seekers can have a real estate partner that they can trust to have their best interests at heart and can be relied upon to provide exceptional services throughout the entire property journey.

Featuring thousands of properties across many of the Philippines’ major real estate brands, Ohmyhome differs from other local platforms by going the extra mile and extensively helping buyers narrow down their choices and find the property that best suits their budgets, home needs, and lifestyle preferences.

The company prides itself on top-caliber real estate professionals who have a wide range of expertise in the industry. These professionals are committed to providing turnkey solutions, including property inspections, negotiations, the finalization of the Conditions of Sale, deposit collection, the submission of property documents, as well as providing buyers regular updates.

Ohmyhome helps every Filipino find their much-awaited dream home, all while making sure that each real estate transaction is complete and efficient, and most of all, an enjoyable experience!Stay connected with Ohmyhome Philippines by following our official Facebook, Instagram, and LinkedIn accounts.

5 Simple Ways To Spot Undervalued Properties in Singapore 2022

The real estate market in Singapore is becoming more and more of a mystery to buyers and investors alike. Despite the ongoing pandemic, property prices reached record highs last year which led to the raised ABSD rates and other cooling measures introduced in December last year.

So spotting an “undervalued” home may seem challenging for buyers. An undervalued property is usually priced lower than its market value or bank valuation.

5 tips to spot “undervalued” properties

7 attributes that improve en bloc potential

1. Study the price gap between a new and resale property in the same area

How different are the prices between a new launch and a resale home in the district you are looking at? If the gap is at least 20%, the resale property is worth looking at.

Apart from being either public or private housing, and freehold or leasehold, most homes in Singapore are priced according to their location, so a decent price gap shows that you are getting a similar property at a better value.

2. Look for older listings

Check for listings that have been up for a while. These tend to have higher chances of being undervalued as most sellers have a given time frame to sell their property.

As the deadline draws near, they might be more open to negotiation.

3. Figure out the seller’s motivation

There are often multiple reasons why a person wants to sell his or her home. They may have already purchased a new property, or they may be in financial trouble.

These sellers will likely accept lower offers and sell their properties below the bank valuation as they need to let their current one-off quickly for cash.

4. How many listings are there?

It is harder for sellers to get rid of their current place in areas with more listings due to competition. Sellers may be more willing to let their homes go at lower prices to entice buyers.

5. When is the Additional Buyer’s Stamp Duty (ABSD) deadline?

There are two ABSD deadlines to take note of.

Developers’ ABSD: Developers have to pay a 40% stamp duty on the land they build their project on. They can get 35% of that stamp duty back if they meet the conditions set by the Inland Revenue Authority of Singapore.

Some developers may sell their units at a cheaper rate close to the five-year mark as they want to avoid the extra cost. The same goes with home sellers.

Sellers’ ABSD: If you currently own an HDB flat and are looking to purchase a private property as a new home, or if you’re buying another private property, you’ll need to pay for the ABSD upfront (in cash or CPF) within 14 days of signing the Sale and Purchase Agreement.

You can apply for an ABSD remission upon selling your existing home within six months.

The ABSD rate has been raised from 12% to 17% in December last year.

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But if you’re buying a new Executive Condominium (EC), you won’t have to pay ABSD upfront. You will, however, need to sell your home within six months after collecting your keys or after it has received its Temporary Occupation Permit.

These sellers may offer a discount on the property if their ABSD deadline is coming soon.

Stay Sharp

Remember to calculate the number of years the property has left on its lease. It may seem sufficient currently, but it may become much harder to sell in the future, especially after your property turns 30 if it has a 99-year lease.

Even if you are not looking for a home right now, keep studying the property market. Higher or lower transaction volumes are usually a sign of whether the market is getting hotter or headed for a downturn. This will tell you if you should strike while the iron is hot, or to hold back for the time being.

This article was originally published on Planner Bee.

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