Home Buying Guide Exclusively for Overseas Filipino Workers
Owning a home is a dream not only for OFWs, but also to all Filipinos of all walks of life. With plenty of housing options to choose from in today’s real estate market, it’s easier to
find your ideal home at the best price. And for those who are working abroad, buying a new property in the Philippines has never been easy with the current availability of trustworthy agents and companies in the real estate industry.
Buying a Home in the Philippines While Abroad
If you don’t have the luxury of time to go home in the Philippines just to buy a house, you can always ask help from trusted people such as an attorney or real estate agent. These people will provide you with the right information you need before choosing a home investment. The following are the best tips you need throughout the buying process:
Determine the exact situation of the real estate market in the Philippines. Of course, you would first want to know if it’s the best time to buy a home in your country. Do your homework and compare the prices in your research. Contact some professionals that can help you decide which type of home is the most ideal to purchase at the moment. You can also visit some websites that offer reliable home listings to guide you in making decisions.
Understand the legal matters required in buying a property in the country. For instance, you need to know how to register your newly acquired property in the Philippines while you’re overseas. Read and understand before signing any papers related to the home buying process. Always make sure that you know your rights as a buyer. Getting a lawyer for this is most helpful.
Look for the most reliable developer. When finding a new home, it’s essential to choose the developer that understands your basic needs as a home owner. They must serve you your best interests in order to achieve your goals in the long run. One best way to find a trustworthy developer is by asking for referrals. Perhaps, your friends back in the Philippines have excellent recommendations for the ideal developer you can work with.
Secure all important documents in one place. Some of the most common requirements are consularized and signed SPA, photocopy of passport, driver’s license, or other valid IDs. You might also need your proof of income and utility bills, tax identification number, and certificate of employment.
To make the buying process more successful, always do some research before making any final decisions. There’s no need to worry if you’re miles away from home while getting a new property if you’re with the right people. So if you are an OFW who only wants to secure a good home in the Philippines, just follow these guide and you will find the perfect house you need. After all, your hard earned money deserves to be in the right investment.