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Showing posts from November, 2017

Professionals whom OFWs should talk to when buying real estate

I talked to a lot of overseas workers in my 8 years of practice as a real estate broker/agent. Most of them prioritize buying a house or a condo once they earn abroad. Who wouldn't be excited to buy when you see your co-workers buying property at home. For those who lived through the 90s, it was common to know someone who knew someone who purchased a big house upon arriving from the middle east or elsewhere after a contract. Today, given the low monthly payment, no spot down payment requirement, of builders selling property, the faster transfer of documents and funds from one country to another, it is easier for those who are earning abroad to invest in property faster. While the real estate industry offers opportunities to save for retirement or increase wealth, OFWs should take care to ensure that what they are investing with reliable builders who can deliver the property they purchased. Here are the three types of professionals OFWs should talk to before buying or investing