28/12/2023
10 Things to Consider in Property Buying:
1. Working Not Manifesting
Manifesting is just simply dreaming, but working is pursuing your dreams regardless of hindrances.
2. I will make it affordable rather than "I don't have that big income"
If you find a property that meets your needs but exceeds your budget, explore options to afford it. However, don't compromise your family's safety, comfort, and peace of mind in the pursuit of a home within your current financial capacity.
3. Location Matters
The property's value hinges on its location—everything else falls into place when it's in the right spot
4. Getting Ready for Financial Risk
Buying a property may seem like a significant financial risk, but many overlook the fact that in property ownership, you can earn more than you spend. Reach out via messenger, and I'll elaborate.
5. Payment options
Consider payment options wisely. Some seemingly affordable properties can end up costing more in the long run. Understand that the down payment and loanable amount together make up the total price. The lower the loanable amount, the more you can save.
6. Security and Safety
The primary goal of a home is to ensure your family's safety. Always prioritize this aspect when considering a property purchase. Make sure the property you're looking at guarantees long-term safety for your family.
7. Licenses and necessary Documents
Be cautious when buying properties in the Philippines, as some are sold without complete documents. Always prioritize properties with necessary documents and licenses to secure your hard-earned money.
8. Financial Evaluation
Don't worry about the total price; you don't have to pay in full cash. While paying in full is advantageous, concentrate on the monthly payments. Over time, you'll complete the required amount.
9. Loan Eligibility
People often overlook loan eligibility when buying property. Ensure all your loans, including credit cards, have updated payments. Having foreclosed loans (like housing or car loans) can pose challenges in getting another loan. It's advisable to settle them before pursuing a property
10. Appraisal Value
Check the property's price history, from pre-selling to ready-for-occupancy. Amenities within the subdivision significantly impact the property's appraisal value.
Contact:
Philip Albert Lagahid - 09225402661
Bachelors Realty
HLURB Accreditation Number: R7-A-07/21-6578
