When it comes to buying a property in the Philippines, understanding the way to find a good real estate seller is important. The seller would help you by answering all your questions about the property and he would also guide you in the entire process so that you don’t have to waste your time Googling the details. A good real estate seller would also have a clear handle on the ins and outs of the housing market in the Philippines.
To Help You Out in This Process, in This Blog, We Will Discuss the Top 10 Points to Follow When Looking at the Accreditation of Real Estate Sellers.
Choose the Seller With the Most Listings
One of the direct as well as simplest ways to find a good real estate seller is to select the one with the most property listings in your area. Dealing with several properties and clients at a time indicates a certain level of hustle and ambition. Don’t forget to check whether the seller put equal attention to his every property for sale.
Check the Experience of the Seller in the Field of Real Estate Trading
The next thing you have to find out is how long the seller is operating in the field of real estate trading. Besides, find out the locations of the property and how many of those properties are already been sold. Another thing you have to check is the property types that the seller sells.
Get Referrals From Friends and Family Members
Word of mouth is another popular option when it comes to choosing a good property seller. So, ask the recommendations of your friends, family members, and neighbors to find out the seller’s accreditation. Ask them whether they would purchase another property from that seller if they want to reinvest in real estate in the Philippines.
Get a Referral From the Property Agent
This is another important point you must keep in mind when looking for the accreditation of a real estate seller. Ask the property agent you are working with to recommend a good seller to work with. If you are moving to a new place, then you can even ask your previous agent for a referral. Remember that the property agents work as a network, so they are one of the best people to refer you to the seller, who would be the best fit for your need.
Ask for a Referral From a Relocation Specialist
Often the cross-country or cross-state move becomes daunting, especially if you are unfamiliar with the real estate sellers or real estate agents of that area. In those cases, it is better to consult with a relocation specialist, who specializes in working with property sellers and property agents from across the country and who has access to the performance and production reports of the sellers and agents. So, if you are new in the Philippines, the relocation specialist will help you by collecting information on the property type you are searching for and then will use those details to match you with the top property sellers in your area.
Search for Community Leadership
This is an outside-the-box approach that would help you to find out the sellers, who have a record of remarkable investments in the area where you are searching for the property. It will also help you to shortlist someone, who doesn’t only sell a home but also believes in your community. For instance, it will help you to choose someone, who has invested in developing businesses, charities, or local schools.
Evaluate What Is “Good” to You
When it comes to choosing a real estate seller, your needs must be different from the needs of others. Therefore, it is very important to prepare a list of features that you want in the real estate seller from whom you want to purchase a property. Do you want the seller to be ethical, have the most experience, or have the highest sales volume? Or do you want to work with a seller, who focuses mostly on fulfilling your priorities by taking charge? Is customer service the most important factor for you? Always remember that property buying is a lengthy process. So, it is better to find a seller with whom you maintain a natural rapport.
Check Whether the License of the Property Seller Is up to Date
Before you choose a condo for sale Philippines or before you work with a property seller, you must check the license of the seller. To check the validity of the license, you can visit the website of the real estate department of your state and check the seller’s name. Here you will also be able to see whether the seller has faced any disciplinary action ever.
Ask the Seller About His Strategy
Check the strategy the real estate seller follows. For instance, check whether the agent uses a direct mail campaign, a for-sale sign on the property’s front lawn, or online marketing. It is important for you to learn the strategy and to be comfortable with that. So, when you are buying a property, you should also learn about the types of competing buyers in the same market, the seller’s intensity of activity, and how the seller can help you to look for a new property while dealing with multiple offers.
Check How Many Clients the Seller Has Represented to Date
This will help you to gauge how much time the seller would receive. Check whether the seller has represented many clients or not. Ask him directly about his earlier projects and client experiences. The answer will depend on your personal preference, experience, or time. And a good real estate seller will blend both.
Once you go through the above-mentioned points, also ensure that the real estate seller you choose to work with gives an effort to educate you about the property and makes you feel comfortable. Also, check the observation of the seller about your needs and his effort to explain to you the important terms without real estate jargon.
Related Blog: Step-By-Step Guide to Purchasing a Condo in the Philippines
