Housal News and Articles

First-time Homebuyer? Here Is How You Can Avail Tax Benefits

One of the most expensive purchases you will ever make is buying a home. Although it may seem daunting, many tax benefits are available for first-time homebuyers. Many first-time homebuyers are unaware of their tax benefits when buying a house. Well, if you have plans to buy a home for yourself, it is highly recommended that you talk to an accountant or a financial advisor and discuss the available tax benefits.

The government has several schemes and policies to make buying homes more affordable. These schemes are mainly aimed at first-time homebuyers. If you borrow money to buy or build a family home, you can deduct the mortgage interest from your taxable income. Sonny Angara, a senator, introduced Senate Bill No. 2148 to address this issue. It proposes tax breaks for qualified first-time homebuyers in mortgage interest deductions.

Explanation of the Bill

According to the bill’s explanatory note, a home provides a person with a sense of security and stability. However, many people rent rather than buy their own homes, not because they want to, but because they don’t have a choice.

Houses are indeed a substantial financial burden. As per a recent study by the National Economic and Development Authority’s Statistical Research and Training Center, 1.5 million of the 21.5 million Filipino households are renters.

According to the bill’s author, many developers currently offer reasonably priced housing options with easy payment terms and low down payments for homebuyers. However, Angara pointed out that financing is still one deterrent to homeownership. High-interest rates charged by developers and banks deter many potential homebuyers from purchasing. As a result, the senator proposes this new bill, which will provide a tax break to people who want to buy a home.

How Will the Bill Benefit Filipinos?

One of the bill’s standout features is the Home Mortgage Interest Relief. It intends to provide tax breaks to individuals who purchase a home. The bill’s goal is to assist Filipino families in finally purchasing their first family home. As a result, any interest paid on loan to acquire or construct a family home during a taxable year is deductible from your gross income.

Furthermore, when this bill becomes law, it will eliminate the interest rates on your loan. As a result, you will only be required to pay the principal amount of your property. This means you will no longer need to worry about increasing interest payments. Furthermore, you will benefit from tax savings due to this relief.

The bill intends to encourage more lenders to provide affordable financing to first-time homebuyers who are the most in need of shelter.

Senator Angara hopes that this legislation will address the country’s housing shortage, which is currently estimated to be 3.9 million housing units. It hopes to persuade more lenders to provide affordable financing to first-time homebuyers who are the most in need of shelter.

However, once enacted, the law will only cover loans that meet the following criteria:

Loans from reputable Philippine banks, the Home Development Mutual Fund (Pag-IBIG), and duly approved cooperatives.
Loans that are used solely to construct or purchase a family home.
Loan amounts not exceeding Php2.5 million.

As a first-time homebuyer, you have to take advantage of the tax benefits that come with buying your home. The government is offering attractive tax breaks to those who buy their own homes, and it’s only fair that you make use of these breaks. Take some time today to learn more about how you can avail of tax benefits when buying homes in the Philippines.

Home Buying Guide: Steps & Tips for First-time Home Buyers

Published Date : Article Buying house Buying Property Buying Tips Community Guide Housing tips Investment Tips Property Recommendations Real Estate 101

Buying a house is a substantial step in anyone’s life, and it can be an even bigger process than you expect. It’s not just about the house itself; it’s about the neighborhood, schools, access to public transit, and more. There are a lot of intelligent decisions to make, but with some research and planning, buying your first home can be rewarding. This guide will be helpful to those who are new to the home buying process; regard these steps for finding your first home.

Considerations Before Making a Purchase

Your long-term objectives should be your guiding force in deciding whether to become a homeowner. Some people view homeownership as converting all their rent payments into mortgage payments, leading to the ownership of something tangible and valued. Other people view homeownership as a symbol of independence, and they relish the prospect of being their landlord. Then there’s the angle of viewing homeownership as an investment.

House Type Best Suited to Your Requirements

Several types of residential property are available for purchase, including single-family homes, duplexes, townhouses, condos, and residential buildings with between two and four units. Depending on your homeownership goals, each option has advantages and drawbacks, so you must decide which type of property will help you achieve those goals.

Convenient Location and Daily Commuting

Access to transportation is one of the most important factors to consider. A property buyer should consider the time it takes to get to work or school. It is advised that buyers ensure that a location is surrounded by commercial establishments, emphasizing that these are the things that will add value to one’s property, especially when selling or renting it out. It is critical to have excellent amenities such as shopping malls, grocery stores, gyms, and hospitals.

But you can consider buying a house far from civilization if you want to get out of the chaotic world and require peace.

Examine Your Financing Options

Keeping your finances in order will be in your best interest. In general, you must have a good credit history of paying your bills on time. Lenders nowadays prefer to limit housing expenses to approximately 28 percent of the borrowers’ monthly gross income. However, this figure may vary based on the local real estate market.

Once you’ve decided on a lender and submitted an application, the lender will verify all of the financial information you’ve provided (checking credit scores, verifying employment information, calculating -income ratios, etc.). The lender may pre-approve the borrower for a specific amount.

Get a Home Inspection

A trained professional’s inspection for quality, safety, and overall condition are essential, even if the house you want to buy seems perfect. If the home inspection reveals serious flaws that the seller failed to disclose, you should be able to withdraw your offer and receive your deposit back. If you find yourself in this situation, you could try negotiating with the seller to repair or reduce the selling price.

Make a Proposal

Depending on how much you want to pay for the house, as well as any conditions you wish to impose, such as having the buyer pay for the closing costs, your agent can help you determine how much you want to offer. Next, your agent will present your offer to the seller’s agent, who will accept or counter your offer. You can then take or continue to negotiate until you reach an agreement or decide to call it quits.

Examine your budget again before submitting your offer. This includes estimated closing costs, commuting costs, and any immediate repairs or mandatory appliances you may require.

This outline should get you started on the right track toward filling any gaps in your homebuying knowledge. Remember that the more you know about the process ahead of time, the easier it will be for you to get the house you want at a price you can afford.

Buying a home is a tricky process, but there are plenty of resources out there to help you get through it. These are some valuable tips for buying your first house. If you’re ready to put these tips into action, reach out to the best real estate platforms in the market to get started today!

How to Improve Your Credit Score?

Published Date : Article Buying Tips Financing Industry News Investment Tips News Real Estate 101

A credit score is the most critical indicator of your financial well-being. Credit scores provide lenders with a quick insight into your credit usage. A high credit score will make getting additional credit lines or loans easier. You may be able to get the lowest interest rates if you have a higher credit score when you borrow to buy a new house or make a real estate investment.

There are some basic things you may take to boost your credit score. Of course, it will take some time and effort. Here is a step-by-step guide to improving your credit score.

Examine Your Credit Reports

Knowing what may work in your favor can help you boost your credit. That’s where a credit history check comes in handy.

A history of on-time payments, low credit card balances, various credit card and loan accounts, older credit accounts, and minimal credit inquiries contribute to a higher credit score. Credit score detractors include late or missing payments, excessive credit card balances, collections, and judgments.

Credit Usage Rate

Aim for a credit usage rate of 30 percent or below. It’s the second most crucial factor in credit score calculations, behind payment history.

Paying up your credit card balances in full each month is the simplest approach to keep your credit utilization in check. If you can’t always do that, a decent rule of thumb is to maintain your total outstanding balance at 30% of your overall credit limit or less. You can then get it down to 10% or less, which is optimal for increasing your credit score. With a reasonable credit usage rate, you can fulfill your dream of buying a house.

Debt Consolidation

If you have a lot of bills, it might be beneficial to take out a debt consolidation loan from a bank or credit union and pay them all off at once. You’ll only have to worry about one payment, and if you can secure a reduced interest rate on a loan, you’ll be able to pay off your debt faster. With credit utilization ratio and, as a result, your credit score may improve.

Your credit score does not rise by a fixed minimum, maximum, or average amount of attributes each month, and each action does not gain a set number of points. The time it takes to improve your credit is determined by the reasons for your low credit score. Your credit score might rise dramatically in a month if the biggest problems on your credit report are credit overuse and you pay off your balances. If your credit score is not good due to frequent collections and poor payment history, it can take several months of on-time payments to notice any improvement in your credit score.

Improving your credit score is an excellent objective to have, especially if you want to apply for a loan to make a large purchase, such as buying a home, or if you want to qualify for one of the top rewards cards available. When you start taking action to improve your score, it can take several weeks, if not months, to see a substantial difference.

However, the sooner you start working on improving your credit, the faster you’ll notice results.

Things Nobody Teaches You About Buying a Home

Published Date : February 16, 2022 Article Buying house Buying Property Buying Tips Community Guide Investment Tips Property Recommendations Real Estate 101

A great home is a dream come true. The decision to purchase a house is one of the biggest you will ever make. And it’s likely the most significant investment you’ll ever make. But what are the things that nobody teaches you while buying a home? We have gathered information about the home buying process from real estate buyers’ experiences to answer this question. Here are a few less known things you should know about when buying a property:

There Will Be Many Properties to Choose From

We start our home buying journey; we don’t know where to start looking. We only see the type of house and location we want, but not the properties available in the market. If you type “condominium for sale in Makati” into the Google search engine, you will be flooded with thousands of real estate properties in the Philippines on multiple online marketplaces. And some of the unnecessary information can create chaos in your search. Find a reliable real estate website where you can find your in-depth research.

Property Prices Are Open for Negotiation

Many first-time buyers face a situation of accepting the asking price or negotiating a better deal when buying a house. If you are in the market for buying your first home, then chances are you’ve already been confronted with the challenge of deciding whether you should go for the listed price or not. Making this decision is a difficult one, but one that will impact whether you get the best deal or not.

House prices are not set in stone and can be negotiated, depending on the market and your negotiation skills. If you want to get a better deal on your next property, compare that property with the similar ones in the locality; it will give you a better picture of the property’s value.

Encountering Unfamiliar Vocabulary While Home Search

There may be a language barrier that you have to deal with when looking for a new home. Not everyone will use the same terms and acronyms when talking about the home purchase process. If you are unfamiliar with these real estate terms, your search could be more difficult.

The best way to deal is to be prepared with the basics beforehand. Learn about the primary terminology of real estate, so you can comprehend the deals better and communicate effectively. Remember that communication is the key to grabbing the best deals.

Finding a home is exciting, but it’s also incredibly complex. There are many things nobody teaches you about buying a home, and if you don’t take the time to learn them now, you could end up spending more than necessary or even lose your dream house to another buyer. It’s never too late to learn and invest in real estate, so begin your journey today!

Popular Town in the Philippines With Best Shopping Sites

Published Date : Article Buying Tips Community Guide Property Recommendations Real Estate 101 Travel guide

If you are fond of shopping, the Philippines is a country that will never fail to amaze you. Aside from its picturesque white beaches and incredible tourist destinations, it also offers various shopping places to make your day-to-day life more exciting.

There are many things to consider before buying a home. For instance, you must find the right location for your home so that you can easily access the store where you want to buy your daily necessities and other things. You also need to understand the potential advantages of living around shopping centers or commercial areas because it will make your life easier as it restricts you from traveling from place to place.

Let’s check out some Philippine cities with fantastic shopping places:

Manila

The mall culture in Manila is the most prominent manifestation of the Philippines’ Americanization. With the world’s third-largest shopping complex, Retail in the Philippines is one of the most popular activities in this bayside city. You may find a shopping mall on practically every block in the Philippines’ capital city. Philippines pearls, bamboo products, silk products, abaca baskets, Barako coffee beans, and other items are available for purchase. The most luxurious malls are found at Greenbelt 4 and 5 at Ayala Center and Bonifacio High Street.

Cebu City

Cebu has some of the best shopping opportunities in the whole Philippines. The Ayala Centre, the Carbon Market, and the Robinsons Galleria are Cebu’s most popular shopping destinations. While shopping at these outlets, you may expect to find branded clothing, home furnishings, convenience stores, and other items all in one location. After you’ve finished your shopping binge, there are a variety of food vendors and restaurants in the vicinity that you may visit.

Mactan Island

You can expect a one-of-a-kind shopping experience on Mactan Island in terms of retail alternatives. The Alegre Guitar Factory is located on the island, and because the Philippines is known for its music, you will gain valuable insight into the creation of handcrafted guitars as well as a variety of other musical instruments. Another alternative is the Gaisano Grand Mall on Mactan Island. It is the island’s largest mall, and it offers a standard shopping mall experience, with supermarkets, various businesses, and a food court lining the mall’s floors.

Bohol

The Philippines’ Bohol province will astound you with the various shopping opportunities available. Bohol is famed for its weavers, and Antequera Market is known as the Basket Capital of the Philippines. Over the years, the province has created newer and better shopping complexes, providing a diverse range of possibilities for every tourist. Restaurants and bookstores are also plentiful in Bohol’s retail districts. So make sure you bring some extra shopping bags to bring home some of the top Bohol souvenirs.

Boracay Island

Apart from the Boracay island’s pristine beaches, there are also lovely retail alternatives to pick from. The City mall, D Mall, and the D’Talipapa market are just a few of the major shopping locations where you can load your shopping trolleys to the full. The City Mall was Boracay’s first fully air-conditioned commercial center, making it convenient to shop for fashion, cuisine, groceries, and pharmaceutical items. On the island of Boracay, there are a variety of hawkers from whom you may buy a variety of things, including souvenirs to take home after your holiday.

Several factors make specific shopping destinations more favorable for fashion sales. The main element is the amount of money people spend on clothes and other fashion accessories. The best time to shop for clothes and accessories is during a sale period. If you’re planning to buy new fashion wear, you must stay around the best shopping destinations to make the most of fashion sales.

If you’re thinking of moving to the Philippines and living in a city with great shopping, these will be good options. These are the top cities in the Philippines with the best shopping sites. When looking for a new place to live or relocate, it is essential to consider these factors about the market.

The Philippines is vibrant, and you can consider buying a house or renting a condo here if you want to be a part of bustling city life.

The Ultimate Guide to Buying a House

Published Date : February 10, 2022 Article Buying house Buying Property Buying Tips Property Recommendations Real Estate 101 Selling tips

Buying a house can be an intimidating task for anyone; it is an investment after all. But with the proper knowledge and some helpful tips, you can make buying your first home a lot easier.

Location

The house’s location is important because it will determine how far you will need to commute to work and school and how much time it will take to get there.

Price

It is also essential to consider the price of the house because people may not be able to buy their dream home, but they may find something more reasonably priced that they like.

Size

The size of the house is a crucial factor because it determines how many rooms there are for family members or roommates and what kind of house it is going to be.

Do I Need to Hire a Real Estate Agent?

A real estate agent can help you find a house that’s perfect for you. For example, if you have a specific budget, they can help you find something that suits your needs. The second advantage is that they can negotiate on your behalf. This means they’ll be able to get a better deal on the property and save you some money in the process.

The main disadvantage is that many different fees are involved in hiring an agent. There’s usually a commission fee that the agent will take from the property’s purchase price, and then there are also advertising fees that will need to be paid upfront or at settlement time if not already paid.

How Much Does Buying a Home Cost?

There are a lot of elements that can influence the cost of a home. These factors need to be considered when determining the price of a home.

The first factor that affects the price of a house is located. Homes in more expensive areas, such as major cities, tend to be more expensive than homes in rural areas. The second factor is size. Bigger homes tend to be more costly than smaller homes because they have higher upkeep costs and property taxes. The third factor is condition and amenities. A home with an updated kitchen or new appliances will cost more than one without those features.

While it is essential to do your investigation before making any real estate purchase, be sure to leave yourself enough time to make an intelligent decision. Buying a house is an exciting process, and we hope that you can find one that meets all of your needs and wishes.

If you are interested in buying a house, you need to do a lot of research and decide what type of house you would like. You also need to search for reliable online platforms to buy properties online.

Start your quest now!

Home Buyers and Sellers Real Estate Glossary

Published Date : February 3, 2022 Article Industry News Property Recommendations Real Estate 101

If you want to become a real estate agent, are looking into buying your first home, or learn more about the industry, you need to start from the basics. For understanding a language, we have to know the terminology first. So, before getting into real estate, you must be familiar with some terminology.

Real estate might scare you at first, but it will be effortless to get once you start learning. So, let’s learn a few real estate terms.

Adjustable-rate Mortgage

An adjustable-rate mortgage is a home loan without a fixed interest rate. With an adjustable-rate mortgage, the initial interest rate is adjusted with time. Then, the interest rate used to balance is revised periodically, annually, or monthly.

This can be a risky loan for homeowners who plan to stay in their homes for more than a few years as prices can rise sharply depending on market conditions.

Appraisal

Estimates are required to collect a limited amount of the piece of real estate. During the home sale, the buyer sends an evaluator to obtain an expert opinion on the property’s value. This helps the buyer determine if the property is worth the amount.

Backup Offer

If the buyer wants to purchase a property that is already under contract with another person. In that case, that buyer has the option of submitting a “copy of the repository” if the original work breaks down and the seller accepts; it is a legally binding contract that will put the buyer next to the home buy queue.

Buyer’s Agent and Listing Agent

Usually, there are two agents of both parties involved in a real estate business. The buyer’s agent works for the buyer, whose job is to find the next buyer’s property, representing their interests by negotiating on behalf of that buyer to get the best price and purchase status possible. This agent is a consumer fiduciary. Similarly, the listing agent represents the seller’s interests.

Bill of Sale

A Bill of sale is a document that details property sale or the transfer of property from one party to another. A Bill of sale serves as legal proof that full consideration has been provided to the seller and transferred the property rights to the buyer.

The auction bill sets out the specific terms of the agreement:

The final sale price
Buyer and seller names
Their contact details
Other essential details related to the auction/sale.

Covenants, Conditions & Restrictions (CC&Rs)

Typically, these are the rules and regulations that place a real estate agency (HOA), a neighbor’s organization, a developer, or a builder that sets any requirements and limits for what a homeowner can do with a property. It may also include monthly, annual fees, or special tests.

Dual Agency

A dual agency is a term for real estate, which means that a single agent represents the buyer and the seller in the same real estate business. A dual agent must travel in a narrow way so that they do not take sides on either side, and they may not disclose confidential information to either party.

Due Diligence

A time period is given to the buyer to thoroughly inspect the premises, usually by hiring experts to inspect the premises, conduct tests, other important factors, to decide how to proceed. These are the steps that everyone must adapt before finalizing an agreement on immovable property. By doing so carefully, you assess the risks associated with the property you plan to purchase.

FHA Loans

The FHA loan is part of a group of loans insured by the provincial government. This means that instead of actually lending money, FHA assures banks and private lenders that they will pay for the losses they may incur if the borrower does not repay the loan in full or on time.

Short Sale

A short sale is made when the homeowner is in a difficult position to repay the mortgage and, to repay the remaining part of his mortgage, agrees to sell his property for less than the right amount. All the proceeds from this sale go straight to the lender. The lender can go after the homeowner for the remaining balance or forgive the remaining balance.

Real estate is full of terms that are not easy to understand, and it is necessary to know its meaning if you are dealing in real estate. You can cover the whole process of buying a house or selling a property in the layer of confusion if you do not understand the basics. The real estate glossary does not end with these words; there are many words that you got to learn. So, before getting into real estate, get yourself acquainted with such terms.

Rent to Own Homes – Advantages You Need to Know

Published Date : Article Buying Tips Housing tips Industry News Property Recommendations Real Estate 101 Renting condominium renting house

Buying a house is something everyone dreams of at some point in their life, but you should have good credit points and a small down payment.Without this, the usual approach to homeownership may not be an option. But that is old news, and now there is another way. A Lease Agreement, in which you rent a home for some time and the opportunity to purchase it before the lease expires. Owner lease agreements consist of two parts: a standard lease agreement and a purchase option.

Owner lease agreements make sense for some buyers, but not others. If you have low credit or need time to save on low pay, rent-to-own may be the right decision for you. Everything else depends on your finances and the state of the housing market.

If you are considering, you can learn some advantages of rent-to-own homes.

Rental Money Becomes an Investment

In most cases, the rent goes into the homeowner’s pocket to pay for the house, to supplement his income, and there is no advantage to you. Part of the rent goes to buying a home with rent-to-own, making it easy for most tenants to invest in a home.

Price Value

The contract price in the contract is pre-decided and final. When there is a price appreciation, the purchase price remains the same, and the seller cannot raise prices during the contract period. While this is a tremendous advantage in rent-to-own, there may be some drawbacks when the market reacts differently.

No Movement Delay

Months of negotiations can fail if there is no agreement on the price, so there is always an issue of concern until all parties have reached an agreement.

Rent-to-own can delay this turbulent part of buying a home. Buyers instead can get to the house almost immediately, reducing the stress of moving home.

Home Test

In the event of a lease, you will stay home as a leaseholder, and you may choose not to buy when the lease expires. That allows buyers to experience the “nature” of the house and decide later if they want to buy that home or not.

The rent-to-own option proves to be a good decision for buyers who like to wait and see before the property is completed. It does not limit them to just one option and offers flexibility in choosing the right home. Consumers can adapt to market conditions. That is, they can stay on the lease until prices fall. Later, when prices are stable, they may arrange to buy house property.

If you are interested in buying a rent-to-own property, look at Housal. You may find a variety of property options you can choose from. Join Housal today!

4 Basic Steps to Buy Your First Home in the Philippines

Published Date : January 24, 2022 Article Buying Property Buying Tips Financing Housing tips Property Recommendations Real Estate 101

For first-time home buyers buying a house can be challenging. The process is full of anticipation and excitement. Buying a house is a significant decision of your life that needs your time. Here we will talk about the four steps for finding and buying you a home.

Research

You have a particular type of property and your mind that you want to buy. But still want to explore your options; that is why the research is essential. The investigation will tell you the available options and how much your budget allows you.

This is the first phase of your home buying process, so don’t let your emotions get the best of you. Try to make a reasonable decision in budgeting and deciding what you want.

Sorting Your Finances

To feel confident throughout the process, you need to get your finances sorted out. Get your pre-approval done on time if you’re getting a home loan to buy your house. Keeping your finances ready allows you to grab the best deals when possible.

If you feel you can’t handle the formalities of the loan process, you can have a mortgage banker assist you and make the process easy for you.

Finding a New Home

Now that you know what kind of property you want and your budget allows, it’s time to start looking for actual properties in the real estate market. While looking out for houses, don’t let yourself get overwhelmed by the various properties you see. Your time figuring out your requirements enables you to narrow down the choices. Keeping a checklist is also an intelligent way to keep track of and compare the property you have looked at.

To find affordable houses in the Philippines, look at housal.com and check the listings of the house for sale, condo for rent, and townhouse for lease. Housal is your one-stop solution for dealing in real estate in the Philippines.

Making an Offer and Finalizing

Once you find the home you like, and it meets all your requirements and falls in your price range, it’s time to offer the seller. The negotiating part can be a little tricky, but once you agree both on the same price, you can finalize the deal. This process is followed by many paperwork, formalities, and payments.

As you are done with this process, and you close the deal, it is time that you can move into your new house and enjoy your new home.

This four-step process seems a little easy, but once get into the first step, new aspects keep unfolding. There will be many certain events that you didn’t plan for. Finding yourself a perfect house is not accessible unless you do it online at a trusted portal.

10 Reasons Why Filipino EXPATS Are Buying Philippine Real Estate

Published Date : Article Buying Property Buying Tips Community Guide Housing tips Property Recommendations Real Estate 101

No matter what part of the country you are in, real estate investments are common throughout the Philippines. It is every Filipino dream of having a home, and as economic development progresses, the Philippine housing market is slowly growing as a promising investment option. Many Filipinos prefer to invest in a townhouse in Manila. Urban housing offers the easiest way to live a life of freedom and leisure, which attracts Filipino ex-pats.

These are the ten reasons why Filipino expats are buying Philippine real estate:

Worthwhile Investment

Property purchasing is an ideal investment for many. Even if you don’t do much, the value of your property will increase with time, giving you a good return on your investment. Investing in real estate is what every Filipino looks forward to, and that draws the attention of expats.

Additional Income

Buying a house doesn’t necessarily mean that you have to live in it. You can rent out your property to earn some extra income. If you need help finding potential tenants, you can list your house at Housal to attract interested people. It can be a great source of income for expats.

Retirement Home

Expats living outside the Philippines plan their homes for retirement. As the prices rise, it is best to buy property now than have savings to buy tomorrow. Having your own home gives you a sense of belonging.

Ownership Title

Owning a house is a lifelong dream of many Filipinos; they work so hard just to buy a home for themselves. They always look forward to investing in housing as it gives them a sense of pride. They need something to consider as a result of their hard work.

For Family

One of the apparent reasons expats are buying Philippine real estate is that everyone wants to earn and build for their family. They want to provide a place for their loved ones to stay. This is one of their prime reasons for buying Philippine real estate.

Less expensive

In the Philippines, you will find properties at a reasonable price compared to other foreign countries. Also, investing here is very beneficial as the county is always in demand for real estate properties.

Buying is Cheaper Than Renting

Long-term renting will cost you more than buying a house itself. If you calculate numbers, you will figure that investing in real estate today is an intelligent choice. The value of the property you will buy today will definitely be more tomorrow. It will be a smart decision to invest now.

Vacation

Filipino expats living out of the country want to stay at their own house when visiting for vacation instead of some hotel. Having your place gives you much freedom and comfort.

Allows to Earn Money

Having a housing property that you don’t use much can be a good source of earning. You can put it on rent, lease or even sell if you need. Buying and selling properties is a way to make good money.

Business Opportunities

The Philippines is a hub of many international companies and performs well in real estate. The country offers ample business opportunities. Having a home in a place like that opens many chances. The infrastructure is sound, and being a tourist destination makes it more attractive.

Other than these ten reasons, there is much more to the Philippines that tempts people to come, stay, settle, and invest in Philippine real estate. If you want to invest in real estate in the Philippines, visit Housal.

Things You Shouldn’t Do If You Want to Sell Your House

Published Date : Article Community Guide Housing tips Industry News Property Recommendations Real Estate 101 Selling tips

If you plan to sell your property, do not let your house stay in the market for longer than necessary. With no experience and complex process, which can affect your feelings, it is easy for first-time home sellers to make mistakes. However, you can avoid many of these hitches with little knowledge.

According to real estate experts, here are six things you should not do if you want to sell your house:

Do Not Rush the Process

Although circumstances are often beyond our control when selling and buying a house, it is usually a good idea to keep things smooth if possible. This means deliberately planning a makeover, setting up your home to share the best opinion, and taking the time whenever adjustments or changes are on the table.

Do Not Decorate With Personal Items

If you want the home to be attractive and benevolent, you need to replace personal items. Personal preferences can influence a consumer away from home because of differences in beliefs and choices. Try to keep the things general and appealing; it will help your house to sell faster.

Do Not Ignore the Curb Appeal

A well-maintained exterior shows consumers that the interior is probably well maintained in the same way. Cut down trees, install new tree coverings, install footpaths, and wash dirty areas if necessary. Minor improvements, such as upgrading an old lamp, replacing a rusty mailbox, or painting the front door, can go a long way. A good curb appeal can get off your listing of a house for sale from the market way before you expected.

Do Not be Sensitive

It is easy to get annoyed with the sale of your home, especially the first one. You have spent a lot of time and effort to find the right one, saved your small payment and furniture, and created many memories. People often have trouble controlling their emotions when saying goodbye to their homes. Hold tight and look at the bright side of moving to a new home.

Don’t Overprice Your Home

It’s normal to want a top dollar for your house — after all, you know better than anyone else what a fine home it can be! But setting your home price too high can cause the listing to end. And if the house has been on the market for a few months, buyers will think there is something wrong with it, forcing you to lower your asking price to get the interest.

Lastly, it is crucial to stop underestimating what you have. Find creative ways to describe the good aspects of your property- highlight the features that made you buy that home in the first place. You have to be creative and extra prepared when entering the market to sell your property.

If you still find it hard to attract potential buyers, you can connect with authentic online real estate platforms. To get started, click here.

Things To Consider Before Proceeding With Cebu Real Estate

Published Date : January 18, 2022 Article Buying Property Industry News Property Recommendations Real Estate 101

The city of Cebu is growing. This growth is significant as the industrial development, increasing employment rates, international trades, and the rich dynamic of tourism. Many people worldwide come to the Philippines to settle in their beautiful cities like Cebu. If you are among the population of investors who want to invest with Cebu’s real estate, you are at the right place.

In this country, buying a house represents more than just property acquisition; it is an indicator of success. So, before investing in Cebu real estate, you should consider these things:

About the Developer

The developer’s prominence is a factor when considering investing in properties. Deep research about the developer and their related projects is a must. There are many incidents when a project has been left in the middle of insufficient balance. Aside from developers’ work history, also learn about their reputation in the real estate market.

Finances

Having savings prepared is excellent, but you need to be ready with the required documents and other mortgage formalities when considering a loan. If you are applying for a loan at a bank, you need to approve it in time. Otherwise, there is no point in finalizing a property deal and not making payments.

Make sure you are clear on your finances and budget before moving ahead. Take out some time to figure out the allocation of your funds.

Growth of the Property

Location, demographics, amenities, and weather conditions also play a vital role in the growth of the property. Everyone wants a significant increase in their investment, and the safety of returns is their top priority.

Cebu is a city that falls in tropical weather, so rainfall is experienced in most parts of the year. Be careful about the location you choose; you don’t want to end up in a place prone to flood or built-in earthquake lines. Find a reliable real estate agent to deal with such concerns and get the best property deal.

Know About the City

If the goal is to settle in the city, you should learn more about their culture and lifestyle. However, the cities of the Philippines are very vibrant, so you will find a mix of cultures there, making it easy for you to blend in. Filipinos are friendly, so you can learn about their traditions by asking them.

No matter how much you research, you will learn only when you invest and gain experience. Make diligent decisions and do detailed research about every aspect you will be dealing with. If you want to inquire about Cebu’s real estate properties, click here!