As another year draws to a close, many Filipinos are making purchases to have as holiday gifts. For overseas Filipinos who’ve been making a living abroad for some time now, there is no bigger gift to oneself and one’s family than a new home.
With that said, real estate is far from an ordinary item that is simply included on a gift list and bought when we have free time. Property is the largest purchase most anyone makes in their lifetime, and one mistake can lead to owning a home that is more liability than an asset.
Getting the most value at a fair price for real estate can be a cumbersome task, even more when having to do it from overseas. However, it isn’t impossible, and the process can be made to be a little smoother when you make sure to take the following into consideration.
Find a Reputable Real Estate Developer
Investing in new and upcoming real estate projects has become a common way for property seekers to purchase at lower prices because these homes are at the early or pre-selling stage and are far from ready from being ready-for-occupancy. For Filipinos making a living overseas, pre-selling properties are a popular option for buying a home in the Philippines since they are residing elsewhere and have the luxury of being able to wait for the development to be completed.
However, with no tangible property to inspect, and likely being out of the country for most of the property’s construction phase, it is important for you to be able to buy a home with a developer who has a great reputation with respect to quality, sales administration, and post-sales service to ensure you end up with the best property possible.
At Ohmyhome, property seekers have access to the latest homes for sale in the Philippines, including condominiums and other types of residences built by the most reputable real estate developers in the country.
These include the likes of wholly-owned Megaworld subsidiary Suntrust Properties, who specializes in affordable township development; Avida Land, a referred provider of integrated, master-planned and sustainable communities for middle income Filipino families; and Crown Asia, a company of Vista Land and Lifescapes, Inc. that specializes in creating communities for the upper-middle-class; just to name a few of the many properties and property developers being added regularly on the Ohmyhome app and website.
Do Plenty of Research
Research is considered the best tool an overseas Filipino has when buying a property in the Philippines. Even if a real estate developer or seller is deemed reputable, there are still some key considerations to make before the property can be completely deemed as a worthy investment.
The property’s location, how comprehensive the amenities happen to be within a condominium or subdivision development, and how accessible it is to key places like schools and hospitals are just some of the factors which help determine its value. What you need to know should be readily available with your chosen real estate developer or seller, but doing your own research can help you differentiate what is actually viable information and what is mere marketing.
Conducting your own property searches is made easy on the Ohmyhome platform. It has a unique algorithm to match your search criteria as a buyer with the property details listed by sellers, reducing the time required for manual searching. From there, you can conduct research on the property options that have been narrowed down to fit exactly what you need.
Work with a Trusted Real Estate Professional and be Covered Even When Away
While online research is helpful in identifying properties for sale in the Philippines that meet your specific needs and preferences in a home, it of course is beneficial if you can make it home and assess the property in person before signing on the dotted line. In the instance that the community is still in the early stages of development, then gauging the locale and checking out a demo unit may suffice for the meantime.
Still, it is understandable if you can’t quite come home, especially these days. This is when having a trusted representative take the reigns of scrutinizing your potential purchase. Granted, working with someone located at home and granting them a Special Power of Attorney is more or less par-for-the-course when you are buying from abroad, but also having an actual professional being part of the real estate process will best help ensure you not only find the best possible deal but that there are also no loose ends left untied.
When looking for a new home in the Philippines and doing so from abroad, Ohmyhome is with you every step of the way. You can browse the website or the app for the latest in both pre-selling, ready for occupancy, and pre-owned homes for sale; then receive professional assistance from an Ohmyhome agent to not only narrow down your property choices to the best one through personal and virtual tours and other property assessment services but also assist in the completion of the needed documents and fees to fulfill your purchase.
Should you be making a living as an overseas Filipino in Singapore or Malaysia, you can also visit the Ohmyhome offices in these countries and speak directly with the OMH team for a personalized real estate experience.
Have further questions about buying a new home with the help of an agent? Visit Ohmyhome to learn more about our agent services, or connect with an Ohmyhome agent to get started on your home buying process.
For convenient access to our solutions and the best and latest home for sale listings in the Philippines, download the Ohmyhome app today.
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 the choices and find the property that best suits their budgets, home needs, and lifestyle preferences.
The company’s Real Estate Agents not only help in the shortlisting of options, but also provide professional services through the entire purchasing process. These include assistance in 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 Filipinos find their dream homes, all while making sure each real estate transaction is complete and is an efficient and enjoyable experience.