However, the gains on the sale of the property are huge with the current buyer market for OFWs and the affordable Class D and E segments with the market for sellers of segments A, B and C (upper society or middle class high to medium low). There has been a slowdown in demand, yet people still dream of owning a property, either out of immediate need as a home or as a profitable rental business.
Anyway, here are some tips for finding a reliable real estate practitioner:
1.) Make an appointment – It would be wiser for sellers / buyers to meet the person you are dealing with first. Interview him and get to know him well.
2.) Qualifications: Is he / she a licensed real estate practitioner? You can show your qualifications at hand with a resume, a business card licensed to practice. In addition to contact numbers or if you have a website, you will have a lot of information about him / her in his / her short bio, etc. To this day, the majority of Filipino real estate brokers follow the Republic Law 9646: Real Estate Services Law of 2009, in which the implementing rules and regulations plus the 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 keep researching and researching on the person you want to contact by visiting the following websites for real estate professionals as genuine members of Certified Real Estate Brokers (CRB) who are members of the Brokers Association real estate agent in the Philippines. (REBAP), for real estate agents or members of the Board of the Association of Realtors of the Philippines (PAREB) and contact their organizational secretariats to verify.
3.) Knowledge and experience: You must know the current condition or status of the properties that you would be selling. Sometimes you will ask to meet with a seller and do a visual inspection on the property. It should also be updated with current tax laws and property zoning and valuation, especially for commercial properties. Do not forget to ask what your real estate specialization is to specify your interviews and the person you are looking for. There are real estate professionals who are very good at general brokerage, others may be focused only on the sale and marketing of projects in newly developed markets, others may be in the business of selling raw land or agricultural land.
4.) Marketing experience: he / she would ask questions ranging from the size of the lot area, the price for which you are selling your property and the terms or conditions of the payment modes, other relevant information such as the history of the house, tax return. and also request a photocopy of the certificate of transfer of title. A buyer should be open to some suggestions from a reliable real estate broker on payment terms, for example. A seller should also be flexible with some terms whenever feasible and would benefit the party in the property settlement.
5.) Network: A reliable real estate broker must be connected with clients who are looking for properties and at the same time, has built a great network among other brokers within the organization of which he is a member. Realtors / Realtors have a Multiple Listing System (MLS) for Realtors (Philippine Realtors Association Board Members or PAREB) and a Property Listing System (PLS) for Certified Realtors (CRB ) for members of the Association of Real Estate Agents of the Philippines (REBAP) where they can post online within their organization’s website or display the list during organization meetings for the broker to get help in marketing and selling of your property immediately.
