Shopping for your next home is a tad easier these days by just going online. With the numerous property advertising sites and social media platforms, everybody gets a view of what the market has to offer. Anybody can post something for sale so there is a question that beckons, how factual is the information being posted and how credible is the person selling it?
Here in the Philippines we have to be really careful. As a broker, I have called on numerous bogus ads posted by unscrupulous people. They are on the lookout for buyers who are not knowledgeable to a property purchase and the transactions involved.
As much as home search in the Internet is advantageous, it still is best to remember that it also:
Can’t Give You The Full Tour
You might like how it looks in the pictures though you have no idea how rough the neighborhood or building is when you visit. Seeing it for yourself trumps any information you can get online.
Shows Duplicate Ads
There is a selling method done by owner wherein they will contact as much Real Estate Brokers and agents to sell their property. These people representing them will then put ads out for that one property. Most of the time they’re given a net price so there’ll be different prices posted. These ads can create confusion and will make you second-guess whom to contact. As an advice, just go with a Licensed Real Estate Broker and you’ll be in good hands.
Lacks Information
When you’re looking for your next home, never rely on the Internet only. Not all properties being sold are posted online. If you like a particular area or building then it is best to look there for yourself to expand your search.
Gives You Expired Ads
There are people who posts online and forgets to remove their ads once sold. Some do it intentionally so they can generate leads or offer a similar property. There are online property ad sites that set a maximum duration for ads along with the date posted and some doesn’t.
Has Some Fake Advertisement
There have been endless stories of fraud in the country. From false representations, faking of documents and concealing vital information about the property, these people are on the search for a buyer they can outwit. Most of them are looking for prey in the Internet.
Can Also Drown You With Information
It can help you tremendously with your search though reading all those websites and advertisements can also leave you reeling. There will be some inconsistent data given and there are no assurances of its validity. Consult with a professional so they can easily guide you to how the market really is.
Final Take
Searching for your next home is fun and exciting. You just have to go through the right process when you’re ready to purchase. Since it is a big investment for most, being cautious and finding the right people to help is a great way to start.
By: Peter Norrdell
If you enjoyed this blog post, share it with your family and friends! You may also follow us on Instagram @peternorrdell and Facebook @norrdellrealty for more real estate tips and updates.
