The real estate market in the Philippines is experiencing favorable conditions for sellers. There is a significant increase in buyer demand across the country. As pandemic restrictions ease, more buyers are actively looking for properties. This surge is particularly strong in suburban areas and smaller cities, where buyers can get more value for their money. The number of available homes is at a generational low, creating a seller’s market. With less competition, sellers can achieve higher prices for their properties. Property prices are also rising, with many sellers getting top dollar under current conditions. For instance, Manila’s luxury home market saw a 21.2% year-on-year increase in prices, the highest in the world. Additionally, Colliers reported that the average price per square meter in Metro Manila has increased by 4.9% from the previous year. This makes it an ideal time for selling Philippine properties.

Elsewhere in the Philippines, the economy continues to show signs of recovery. Businesses are reopening, and employment rates are improving. This upturn is boosting consumer confidence and encouraging more people to invest in real estate. The infrastructure boom aimed at decongesting urban centers is also making Philippine real estate an attractive investment. Meanwhile, the recovery of the tourism sector and increased interest from international investors are also driving demand. This influx of investment is expected to sustain property price growth and create more opportunities for those selling Philippine properties. 

Selling Philippine Properties the Smart Way

Selling Philippine properties can be a complex undertaking.  However, a strategic approach to selling instead of relying on your gut instincts can help make your ventures more profitable. Start by understanding the nuances of the local market. Doing so can help you set a realistic asking price. Instead of just checking the selling prices and rental rates in your own condominium, go one step ahead by finding out the selling and renting rates in the entire area. If you know where to look online, you won’t even have to get out of your house. Optionally, you can hire the services of a professional appraiser for a more accurate valuation. 

If you don’t have the time or the inclination to go solo in your selling adventure, you can engage a reputable real estate broker to simplify the process. These agents can provide you with in-depth market intelligence as well as tell you the inside scoop on properties being sold nearby. Plus, they have the experience and the patience to go through the legal and documentary requirements when selling Philippine properties.  

Before you open your house to potential buyers, make sure to clean up the place. Clients would want to see the property in the best possible light, so it helps to dust off the cobwebs and make sure fixtures and furnishings are working properly. While you’re at it, make sure to have all the necessary documents available, including the Certificate of Title and Tax Clearance Certificate. 

Marketing and Selling Your Philippine Properties Online

Marketing your properties for sale usually involves posting them on social media for a wider reach. When sharing photos, make sure to use high-quality, high-resolution photos for better impact. Writing clear and detailed descriptions can also remove any suspicions of hiding information or being vague. Leave your contact information (or your broker’s) so that they can approach you with any questions they have about your properties. 

Common questions will revolve around common themes. Chief among them is the price. Are you willing to negotiate or are you set on a fixed price? Either way, be gentle but firm in your reply about the cost. Another common question is the availability of utilities such as power, water, and internet. Be honest when providing an assessment, as many buyers planning on living there would need to know as much. Many potential buyers will also want an accounting of the available amenities within the area as well as commuting options. Finally, you’ll need to inform your buyers of which fees and taxes are for their account and which ones are you shouldering. Nothing is more annoying than being in a deadlock over a few thousand pesos. 

Use a Property Tech Platform Such as Ohmyhome to Streamline the Process 

Finding the right buyer offering the right price can be time-consuming. Instead of going over lists of brokers or boosting your social posts in the hopes of getting prospects, why not enlist the help of property tech platforms like Ohmyhome? 

Aside from listing your Philippine properties for sale, Ohmyhome offers additional professional services that highlight your properties and make them highly visible online. More importantly, you can consult with any of Ohmyhome’s licensed real estate professionals to get a better idea about the current market, property prices, and current trends. And if you finally seal the deal with a buyer, Ohmyhome’s customer service can help with the documentation requirements and assist in the paying of taxes and fees.

In case you want to turn the income you earned from selling your Philippine properties into a new investment, Ohmyhome has the listings you want. By partnering with over 200 of the country’s best developers, Ohmyhome has thousands of new and pre-selling homes available for purchase.  Start selling your Philippine properties the smart way. Simply register and create a free Ohmyhome account today and let the team do the rest.