However, the gains from selling the property are enormous with the current buyers market for OFWs and the affordable Class D and E segments with the sellers market of the segment A, B and C (Upper Society or Upper Middle to Middle Class Short). There has been a slowdown in demand, yet people still dream of owning property, whether it is for an immediate need like a home or as a profitable rental business.
Anyway, here are some tips for finding a trustworthy real estate professional:
1.) Set an Appointment: Sellers/buyers would be wise to first meet the person they are negotiating with. 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, a business card with a license to practice on it. Apart from contact numbers or he/she has a website, you will have a lot of information about him/her in the short bio of him/her etc. As of today, most of the Philippine real estate brokers/agents follow the Republic Act 9646: Real Estate Services Act of 2009 in which the implementing rules and regulations plus the code of ethics are still in process. The Philippine Real Estate 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 further and research the person they wish to contact by visiting the following websites for real estate professionals as bona fide members of Certified Real Estate Brokers (CRBs). in English) accredited who are members of the Association of Realtors of the Philippines. (REBAP), for real estate agents or members of the Board of the Philippine Association of Realtors (PAREB) and contact the secretariats of their organizations to verify.
3.) Knowledge and experience: You must know the current condition or condition of the properties you would be selling. Sometimes he will request a meeting with a seller and conduct a visual 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 selling raw or agricultural land.
4.) Marketing experience – He/she would ask questions ranging from the size of the lot area, the price you are selling your property for, and the terms or conditions of the modes of payment, other relevant information such as the history of the house , the tax return and also ask for the photocopy of the title transfer certificate. A buyer should be open to some suggestions from a trusted real estate broker on payment terms, for example. A seller should also be flexible with some terms, as long as it is feasible and they all benefit the party in the liquidation of the property.
5.) Network – A trusted real estate broker/real estate agent should be connected to clients looking for properties, and at the same time, have built a great network among other brokers within the organization they are a member of. Realtors/Realtors have a Multiple Listing System (MLS) for Realtors (Philippine Association of Realtors Board Members or PAREB) and a Property Listing System (PLS) for Realtors certificates (CRB) for members of the Real Estate Brokers Association 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.
