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Should I get a real estate agent?

Should I get a real estate agent?

A few years ago when we were looking for our house, we did not want to get a real estate agent.

We thought that the price is higher if you buy the house from the real estate agent compared to going straight to the developer.

And it’s not true.

The agent cannot jack up the developers price. Whether you go straight to the developer or hire and agent, the price is gonna be the same but you lose the advantages of getting the services of an agent.

Here’s why.

When we were looking for a house here in Lapu-Lapu, we spent like 2 weeks going around Cebu and Mactan even in Liloan. We were looking for the right house that fit us.

We were checking online and it’s very cluttered, can’t find anybody to contact and if you contacted anyone it’s an agent. As I told you before, we were scared to get an agent, so we look for the address physically and it was a very time consuming process.

When we went there, nobody would entertain us, sometimes there’s just the guard and you just look at the house. It was a very time consuming process. If we had an agent, the agent would ask:

What’s you target budget?
What’s your target location?
What are the things that you need in your house?
How many people are staying?

So the agent who has all the real estate knowledge here in Cebu, they would know which property would match your needs. That’s the main thing about getting an agent, that’s the number 1 thing.

Narrow Down Your Property Buying Checklist

Because we’re all busy to scour Cebu and look for the property, your agent can narrow down just two or three that would match your requirements, your budget and location.

You can communicate with that online through Facebook, WhatsApp, Viber so you can do that. You can get the prices, you can get the location, you can get all the details. How long will it be turnover? What are the payment terms and requirements?

You will get that without leaving your house, that super super easy.

What’s the main benefit is that because we’re all busy, you get to save all the time rather than scouring it up, going to the office or the site yourself.

If you don’t have a car or transportation, if your agent has his own car, he will take you from your house or meet you somewhere convenient and take you to the property. If your looking at a few properties he will take you to the properties that you want.

Free Tour Guide

He’s like a FREE Tour Guide, he will take you to the property that you want and he knows everything about that project so he will tell you the price, all the details, amenities, turnover date, he knows where it is. He knows the staff their cause he’s been going there for the longest time. And it’s Free you don’t need to pay your agent.

Another advantage of an agent, for example if you are an agent who doesn’t have a vehicle, he or she will call the developer. The developer has a service unit like a van or a car that could pick you up, he will do that for you.

Not all developers do that but your agent will know. If you are by yourself, you have to hire a taxi ride, tricycle or a jeepney. You waste a lot of time and money.

You also have the sales support of an agent or your property endorser. Your agent knows all the requirements from the developer and will give to you and will follow you up.

It’s actually for your benefit that you have a good agent. For example, if you don’t have a TIN number, you will get an agent who will get the TIN number for you, either he will go to BIR himself or he will hire a bookkeeper for you so that you don’t need to go the developer.

If you get a top notch agent, you get almost like a butler quality, just similar to batman’s butler that he will take care of everything that you need for your property. He knows your schedule, he will pick things up for you with reason just like what I’m doing now. For the clients convenience I will do it for him for Free, no charge, no commitments.

If you get an agent you get that top notch service that your NOT getting if you buy the property yourself. You go to the developer and you buy and then you get the list of the requirements but you missing out on a lot of service from the agent.

If you have a good agent it’s really good to have one. It’s a very big advantage.

Whether your looking to purchase your 1st home, your 2nd home or selling your property, call me at 0995 461 5272 email me at marc@myhouse.ph or visit our website at myhouse.ph for a personal tour.

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What Keeps You Motivated? (Real Estate Agent in Cebu)

What Keeps You Motivated? (Real Estate Agent in Cebu)

So I’m here in our swing in our subdivision. I usually walk an hour everyday just to keep the blood flowing and wake up the body.


Good morning everyone this is Marc of Myhouse.ph and Filipinohomes.

In this blog I’m going to talk to you about motivation.

I’m a real estate agent and we sell properties.

There are 3 things involve why you do your job, why you do things.

  1. What do you do?
  2. How do you do it?
  3. Why do you do it?

There are times in the morning when it’s hard to get up in bed.

1. What do I do?

  • Me and Angie are real estate agents.
  • We help people buy their dream house, it’s a nice job.
  • We help them sell their house.
  • We help people who needs us because in a way we become experts in the industry.
  • We can help people market their house give them advice which is the best units.

That’s what we do.

In a normal average human that’s not the core of what you do, That’s what you do but that’s not why you do your job.

2. How you do it?

  • We help people out.
  • We market their houses.
  • We looks for properties for them.
  • We give them advice.
  • We give them warnings about which not to buy here or buy this one not this unit choose this one because of our experience in the industry.

That’s how we do it. That’s how we sell a lot of properties that’s how we market our clients properties.

That’s not exactly the motivation you need to get up in the morning. The real essence of WHAT and HOW you do it is WHY you do it.

The real reason that will make you get up in bed and do you work and do it passionately is WHY you do it.

3. So why?

  • Why did we become real estate agents?
  • Why do we work so hard?
  • Why do we get up so early in the morning?
  • Why do we answer our clients even late at night?
  • Why do we go travel 4 hours a day to help out 1 client and then go back home and then work again?
  • Why do we do it?

Because we think about our dreams all the time.

  • We want to travel.
  • We want to start a family.
  • We want our kid to have everything he/she wants.
  • We want him/her to have the BEST experience BEST childhood and adulthood that he/she can have.

Keep on remembering why you do what you do everyday.

We have an upcoming baby. We want to provide our kid he/she with the best future possible so that’s why we work so hard we help our clients.

It’s all about family it’s all about giving love

So if you’re tired going getting up in bed to work. THINK about why do you do it. Don’t think about the work, the bosses, the clients (we love our clients). Just think about why you do it, who are you doing it for, why you are doing it and that will keep you motivated to do your job well.

Wether your looking to purchase your 1st home your 2nd home or selling your property. Call me at 09954615272 email me at marc@myhouse.ph for a personal tour.

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What Types of Houses Can You Buy in the Philippines? (Right Now)

What Types of Houses Can You Buy in the Philippines? (Right Now!)

What types of houses can you buy in the Philippines?” Townhouse? Single Detached? Duplex? Condo?! Are you confused about the types of houses for sale? Learn a little bit more about real estate by reading this blog. Enjoy!

What’s up everyone.

In this episode we’re going to talk about the type of house that you can buy in the Philippines and in Cebu.

This is Marc of Myhouse.ph where we go BEYOND real estate and this program is also brought to you by Filipinohomes the Philippines LARGEST real estate portal.

How are you guys? How was last week’s holiday?

I hope you enjoyed your holiday.

One of my friends is a very responsible guy he’s getting married next year and he want’s to buy a house for him and his future wife so that they can settle down after they get married.

He was asking me ‘What kind of house you can buy with this particular budget?’ so I said; That would be a great idea for a video.

One type of real estate property we can own here in Cebu is a Condominium – A condominium is a unit space inside of a building it could either be a Studio, 1, 2, 3 Bedroom condo.

One of the MOST important features of a condo is it’s usually located in a VERY convenient location. Each unit owner has his OWN condominium title.

Another type of property you can buy is a Townhouse – A townhouse is a ROW of houses built with a common wall. This is usually an AFFORDABLE option for starting family.

Another property you can buy is a Duplex – A duplex is a single building with houses SIDE BY SIDE one another.
Similar to Duplex we also have Triplex building which are 3 building side by side one another. These are usually MORE expensive and a little bit bigger than townhouses.

Another property you can buy is a Single Attached house – A single attached house is a house where part of the house is STICKING or ATTACHED to one of the properties borders.

Last but not the least is a Single Detached house – A single detached house is a house that’s NOT CONNECTED to any of your properties borders there’s open space in the front, side and back.

So now that you know what kind of house you can buy.

Which ones do you think is for you? A Condo? Townhouse? Single Attached? Single Detached? or Duplex?

And as always may the force be with you.

Wether your looking to purchase your 1st home your 2nd home or selling your property. Call me at 09954615272 email me at marc@myhouse.ph for a personal tour.

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What’s the Difference Between an RFO and Preselling House?

What’s the Difference Between an RFO and Preselling House?

I’m very excited to announce to you that we have a new video series segment called #askmyhouseph where we answer all of your real estate questions in Cebu and the Philippines.

First question that we have with one of our clients.

She said;

What’s the difference between RFO and Pre-selling house?

RFO house means ‘Ready For Occupancy’ which means the house or your condominium is already constructed and ready for you to move in.

Advantages & Disadvantages for RFO units

Advantages

  • You can view your unit since it’s already constructed.
  • You know where it is.
  • You can move in right away, you can move in from 2 weeks – 3 months.
  • You can start to have your unit rented. If you’re purchasing your unit for investment purposes you can have rental income right away instead of waiting for 2-4 years for pre-selling units.

Disadvantages

  • It’s more expensive than pre-selling. RFO units tend to be 20-30% more than pre-selling houses
  • Less flexible payment terms – You have to pay the 20% equity within 1-12 months only.

For a 2 million peso townhouse you have to pay 20% as equity or downpayment and then the 80% will be your loan. If you take out a Pag-Ibig loan or a bank loan. 20% equity is 400K.

Because it’s already RFO the developers would want you to pay the 400K within 1-12 months. If you divide 400k by 1 year it’s equal to 33K per month. After that you get to pay your loan.

Advantages & Disadvantages for Pre-selling units

Advantages

  • Pre-selling is the BEST price you can get for a particular project. It’s the lowest price you can get.
  • Pre-selling units in real estate prices goes higher and higher. The longer you wait, the higher the price becomes. The earlier you buy a pre-selling unit the lowest price you can get.
  • Pre-selling units are 20-30% less than RFO units.
  • Pre-selling units have very flexible payment terms. You get to pay your down payment the 400k by 2 – 4 years.

For example you buy the same 2M townhouse and you get your pre-selling very early so you get the 4 year term.

Instead of paying the 33K for 1 year you get to pay 8K per month for 4 years.

The total is the same 400K but it’s a lot easier in the pocket.

If you’re earning 30K per month and you’re going to pay 8K for your future house and the rest is for your living expenses.

It’s a good deal.

  • One more advantage for pre-selling units is you get to choose your unit early because you’re one of the first buyer of that particular project you get to choose a PRIME location.For example you want a corner lot or you can go for a condo unit for the sea view, a house near the pool.

You have to choose the BEST units cause you’re buying pre-selling

Disadvantages

  • Pre-selling units typically take 2-5 years to be completed
  • Sometimes there are some construction delays with the developers like bad weather and problems with the logistics.
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Thank you for your confidence

Thank You for Your Confidence

Helping my clients find the home of their dreams excites me the most. My reward is seeing their faces light up when they see the house for the first time. I am honored to be part of this journey. Thank you for your confidence.

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Understanding Millennials: Different Homes for Different Millennials

Understanding Millennials: Different Homes for Different Millennials

Millennials make up one-third of the population in the Philippines.

Politicians vie for their approval, marketers work hard to persuade and entice them, and companies want to hire them, or at least those who have yet to start their own company.

Truly, they are a force to be reckoned with.

Much has been said about millennials — that they are digital natives who have grown up in a rapidly evolving technological landscape, that they crave experiences and growth more than they do stability, and that they are as entitled as they are empowered.

While some of these points are subject to debate, one thing is for sure: millennials are taking over.

More than just defining their workplace and community, they are also raising a new generation.

SPENDING POWER

According to data from the Labor Force Survey by the Philippine Statistics Authority in 2015, millennials make up about half of the country’s workforce. 45% of the 39 million Filipinos who have jobs are millennials aged 15 to 34. The country has the youngest workforce worldwide, with a median age of 23.2 years old.

The numbers show that millennials have a high potential in terms of their spending power. Adding to this is the fact that millennials have a “wanting, therefore, needing” attitude, plus an apparent impatience over things. Millennials would have a tendency to invest in a property in one snap decision. Making this even more plausible is the easy access to the Internet, the proliferation of social media, and the digitalization of commerce. Millennials could easily look for housing loans and residential listings in a few clicks.

Millennials grew up in a world that is fast-paced, and one that has everything within their reach. They are known for wanting to do more with the time they have. This influences their choice of where they would want to live. Many developments in Metro Manila have been adept at trying to meet the millennials’ quest for the elusive work-life balance. A study conducted by Lamudi has in fact revealed that millennials are searching for residential properties in Cebu and urbanized cities like Quezon City, and Manila.

While many millennials fall within the generalities attributed to them, they are still a nuanced generation. Learn more about the different types of millennials, and the type of home that would suit their personality.

HIP-ENNIAL

Millennials of this type tend to be cautious consumers, charitable, globally-aware, information-hungry, and team-oriented. They consume large amounts of online content and are highly active on social media platforms. Those from this category tend to have below-average employment as they are usually students or homemakers.

Hip-ennials are more likely to seek out trendy homes and will try to find affordable options near restaurants and shopping districts, such as apartments, low-cost and resort-style condominiums.

ANTI-MILLENNIALS

Those from this category rebel against the typical stereotype assigned to millennials. They tend to be conservative and apathetic to trendy and eco-friendly products and services. They would rather stay in the environment they have grown familiar to, and are averse to too much interruption, change or excitement.

Anti-millennials prefer to live in a quiet, comfortable and familiar suburban area that is located close to work.

MILLENNIAL MOMS

Millennial moms are generally the oldest and tend to have the highest income. They are digitally savvy, highly social, and confident. They are also known for being information-hungry. While they tend to feel isolated from others because of their busy routine, they are very driven and successful individuals who put prime emphasis on family.

Millennial moms prefer to have their homes in suburban areas that are conducive to family living and that are located within good school districts and near fitness and shopping centers like The Mactan Newtown in Lapu-lapu Cebu.

OLD SCHOOL MILLENNIALS

Old school millennials are the least wired among millennials. They are self-directed, independent, cautious consumers, confident, and charitable. They spend significantly less time online, and prefer to read instead. Millennials of this type tend to be on the older range of the generation.

Old school millennials would prefer a more traditional type of neighborhood, somewhere near the perks of the city but not at the center of things.

GREEN MILLENNIALS

These millennials are cause-driven, positive, environmentally-concerned, healthy, and impressionable. Although they make up only 10% of millennials, they tend to be the most visible online, often posting cause-related content. They make up for the youngest demographic among millennials.

Green millennials generally prefer to live in less expensive homes located near green spaces like Soltana Residences & Astele Subdivisionor the campus.

GADGET GURUS

Gadget gurus are often savvy millennial bachelors. They are generally single and earn above-average income. They are successful, confident, at ease, free-spirited, and wired. Many believe this to be their prime decade. These millennials own the most devices and contribute lots of content online.

Gadget gurus prefer to live near the pulse of the city, bringing them close to opportunities for networking, nightlife and innovation. Condominiums located within key business and shopping districts like 38 Park Avenue are especially ideal.

UNDERSTANDING MILLENNIALS

Millennials are often labelled the “instant” generation, expecting to hardly lift a finger but to get great rewards anyway. They are assigned derogatory terms like “entitled”, “narcissistic”, and “lazy.” These are unnecessary generalizations though, as quite a good number of millennials have already earned a good position in a reputable company or have started their own company or business. Most often than not, millennials are simply a bunch of people who are well aware of their rights and what is due them, and are willing to speak up and assert their worth. While they rely on technology to make things easier and more efficient, they are also willing to put in the hard work where it matters.

While they may appear to waste a lot of time on social media, millennials are actually a busy and driven bunch, and are serious about building a better future not just for themselves but the people around them. Just like most Filipinos, one of the many factors that drive them is family. They strive to be in a position that would provide for their family and to start a family of their own.

Millennials are poised to become an even more powerful force in the country’s economy. Understanding their ways and what drives them can go a long way in putting in the right marketing efforts and service/product development.

Written by Jason Garcia