Your target market is the most important thing you need to know when setting up your business. The same step applies to Real Estate. If you take Real Estate as a business, you should know who are you dealing with. Not to mention other competitive agents and brokers, knowing the type of homebuyers who you sell properties to is very important.
You don’t offer huge houses to two people who are just starting their life together. Or promote a limited space place to a family with five members. These homebuyers vary with their needs, including budget, location, and designs.
To make it easier for vigilant Realtors and brokers, here are the type of home buyers in the Philippines that you need to know deeply. The list can guide you with offers, strategies and transactions to close a deal.
First time buyers
First time buyers are flooding inquiry forms and ringing all contact numbers about properties. But don’t be too aggressive with these buyers, because even if they are new to the industry, they know what they need, what they want and when to buy a house. They may picky at times but don’t be deceived by their numerous choices because believe it or not, they already know what to buy.
Couple Home buyers
Couple home buyers are unmarried partners who decided to take their relationship to the next level. This type of buyer may take a while to decide on the house they want, but do not get bored because they are just as decided as First buyers in home ownership. They just often neglect the idea that they are now about to live together in one place, talk about fees they can afford, and decide which stuff they need and don’t need at all. A 2 bedroom house is good to start up a deal.
Newlywed Home buyers
Newlywed home buyers are the sweet couple you should always look after. Buying a new home is one of the top priorities of married individuals. They will need a new place to live in together, but keep in mind that this type of buyer is cautious in searching and buying a house. This house will be their first investment and most expensive purchase in their lives. They will avoid properties that they think will not fit their needs and most importantly their budget.
Married Home Buyers
These are buyers with two or more children and maybe a pet, which is usually a dog or cat. They are looking for a bigger place to live in due to the growing family needs. A 5 bedroom house is a perfect offer you can make to ease their dilemma in search for a larger house. It’s important to be knowledgeable with this type of buyer because they have all sort of expenses. Make sure they have listed everything they want and they are financially prepared.
Returning Home Buyer
The returning home buyers are the wise investors who keep track of the changing mortgage rates in order to take advantage of other low-cost homes. Returning home buyers already have their own properties, so they are not discouraged by the rising mortgage rates because the value of their owned properties are increasing too. These buyers don’t rush things when it comes to home ownership to make sure they close the best possible deal.
Balikbayan Home Buyer
Balikbayan home buyers are the hard working Overseas Filipino Workers who saved enough money to buy a new house. These home buyers are excited to go home and reunite with their family. Home investment is their number goal after they have returned from hard labor. They are the loving Filipinos who wish to surprise their families with a new home.
Undecided Home Buyer
This type of homebuyer may take longer time to decide on buying a house because they are unsure of the property. Undecided buyers are usually busy weighing the pros and cons, despite the seller’s full effort in explaining everything about the house.
We’ve come up with 3 big preparations you should do before you buy a house. One of which is listing down all the features you want for your dream home. In choosing the right house for the family, there are important things that you already considered even before you decided to buy the property.
Creating a house wishlist will help you picture the whole property and help you decide whether it fits your needs or not. If you are not familiar what does a house wish list looks like, here’s a Camella Homes house wishlist that you can use to prepare for your first site visit.
A Cul-de-sac lot is perfect if you want a larger backyard. This type of lot has a curved turnaround that allows more space for the yard behind the house and more privacy.
Think of the Size
Ex: 3 bedrooms or 2 bedrooms
You already have the number of rooms, bathrooms and floors in your mind. All you need is to find the house that fits the feature you want.
Affordable houses in the Philippines are now available in two-storey from 5 to 2 bedrooms with 3 to 1 bathroom. They also come with one to two-car garage or carport provision, so the choices are all on you.
perfect place where you want your dream house to stand. Keep it close to schools, hospitals, public markets, malls and other major establishment.
Your convenience in traveling from work to home is a big reason why you should consider planning the location of the property. You don’t just buy a house because it’s cheaper in that place, but because you want to live in there.
Do not adjust with the availability and prices of sale house and lot in the country. Let your personal preference be the basis of the purchase and not anything else.
List the amenities you want
Ex: Kitchen area and living room features
Make a list of the features you want in the kitchen, living room and bathrooms. If you want to have a built-in cabinets in your kitchen, it’s better to plan how to match it with the counters, dining set and flooring you want.
Imagine your living room with the most beautiful interior design that match your entertainment set and furniture. Plan how bathrooms will look like with showers, toilet, built-in cabinets and tile flooring.
Finish it on planning the outdoor and landscape lighting in the garden or backyard. Do not forget about ramps and car garage that also need little touch of creativity.
Pattern your own house wish list using this sample and find the right home easier and faster. There are various modern house designs offered in the real estate market and all of them will blow you away. Stick to your list and save yourself from being confused.
If after several years of asking yourself when is the perfect time to buy a house and haven't decided yet, then you've been missing a lot of good properties out there every year. Yes, there are many community developers sprouting in the market, but have you ever thought of the number of people who also want to buy a house and the group of businesses that buy properties for investment? Their number is increasing every year, day and night you comfortably sleep over the “buy a house now” plan!
Come to think of these four reasons why it's best to buy your house now.
It's disappointing to see the “SOLD” label displayed in front of the house you've always wanted to buy. And hearing that something like it is no longer available ruins all your dreams for a perfect home. So, if ever you come across another property which you think is the right one for you, don't wait until you see another “SOLD” banner raise because you might have missed another great house.
But do not always take the “SOLD” banner as a negative thing because it actually has good impressions to other potential home buyers. There are reasons why the house has been sold in just few days, weeks or months before you've made up your mind to buy it. So, the next time you see that banner, think straight because the house where it hangs might be saying these things to you:
It's strong. It's sold because its foundation is sturdy. Always remember the quality of the materials used to build the house is an essential feature that most meticulous buyers check for. Of course, the compliment of the house's durability goes to the developers. So, it's smart to consider the community developer when deciding which type of house you are going to buy. It's not a coincidence that most sold properties are built by a certain real estate developer. Something must be extremely good with house that's why it's not for sale anymore.
It's beautiful. The “SOLD” banner says, “NO VACANCY. The house designs are beautiful!” You are not the only person who appreciate wonderful designs. There are other people who will also fall inlove with it and be vigilant to buy it right away. Interior designers always put excellent modern house designs to make sure that every buyer will be pleased with the ambiance and setup of each house. So, don't let your chance slip away and hang that “SOLD” banner yourself.
It's affordable. Don't wonder if you see couple of “SOLD” banners hanging if properties are offered on very affordable prices. Most Real Estate developers today build home communities in the Philippines for the average-income families. Prices are great for mid-level earners of the country. For as low as P7,000 to P15,000 every month, you'll have your own house. You can check house for sale in Bulacan, Cavite, Laguna and Rizal.
It's accessible. Same with price and quality, the location of real estate properties matter the most for practical buyers. People always look for a house that is near to landmarks, schools and hospitals. So, expect those newly-developed communities of Camella Homes, Lancaster New City, and Micara Land with no vacancy five years from now. The best quality homes will not be available by the time you're done watching all these properties raise the famous “SOLD” banners.
What is a Realtor?
Most people often use “Real Estate Agent” to address sales individuals who guide and help in real estate transactions and negotiations. And sometimes, the word “Realtor” creates confusion to this job description.
So, let’s give a clear definition to this term. What exactly is a Realtor?
A Realtor is a professional agent who represents you for the purchase or sale of Real Estate properties.
Reading the description, you’re probably thinking of “Real Estate Agents” too. Yes. Realtors are real estate agents, but not all real estate agents are Realtors. Real estate agents are licensed individuals who can also represent you in buying and selling properties, but Realtors hold a higher standard than licensed agents.
Both Realtors and Real Estate agents are licensed individuals, but what distinguishes a Realtor from a Real Estate Agent is that a Realtor is a member of the National Association of Realtors. The National Association of Realtors is the largest trade organization in the country. Realtors are bound to follow a set of ethical obligations or Code of ethics.
Now, it’s on you who you want to hire. Their fees will definitely vary depending on how you negotiate and want them to work.
Most home buyers nowadays seemed to be in a hurry when it comes to buying a property.
You shouldn't be!
Buying a house is a very big decision that you should think for hundred or million times. It's not like any appliance or furniture that you can return for a better replacement. Think of every aspect that you want and picture everything in your mind like you're already living in it.
Do not rush things when it comes to buying a house because this is one of your lifetime investment and nothing can go wrong about it. One important thing you should remember is “Make yourself ready”. How to do this?
Read these 3 big preparations you should do before buying a house.
Find a Realtor
You might be asking why you should find and hire a Realtor before buying a house.
Here's the reason why.
Real Estate is very complex, especially when you know little about this industry. You cannot just go in a battle when you do not know what weapons you should bring. To save you from being ambushed in the wild, you will need a front liner who will represent you in all transactions and negotiations. Hiring a Realtor can guarantee your interests are at top and you get the best property you want. This means you have an expert who is bound to give and protect for the best of your financial interests.
Your Realtor can help you find the right home for you. There are thousands of house for sale in various locations and only its pros and cons can help you make a decision. Realtor lived through real estate; they can give you information about these properties and why you should or shouldn't buy it. These experts can also give you the latest prices of houses for sale. And when going through thick contracts, your Realtor can provide clear thoughts of the document that might be unfamiliar to you.
If you want a worry-free home buying, it's good that you have someone you can trust and depend on complex things like this. Find a Realtor and you're ready to go.
Slow down and think of it many times. Are you ready to buy a house now?
Opportunities may only knock once, but it's not worth it to waste because you're not ready. There are thousands of properties for sale, so you have plenty of time to think of it while you start saving money.
Camella Homes is the country's number 1 home builder that has developed communities linking the suburban living to the heart of the city. Building the country with quality and affordable houses, it highlights properties for sale that embody innovation and progress with family and community life.