Finding Commercial Lot for Sale in Manila

Posted by CLAIRISSA LAURETA on November 30th, 2017

Any real estate venture requires significant financial and time investment. Whether you are looking to buy and sell a commercial property or manage a working estate, it is important to remember that commercial real estate, in its truest sense, is a business. Expect much of your resources to go into it and while risks exist, the payoff is great if you go about the investment in the right frame of mind and with the right people behind your decisions. Here are some things you should keep in mind when finding a commercial lot for sale in Manila:

• Find a reliable, trustworthy, and credible real estate broker or agency. Only shake hands with professionals who are credible and qualified to provide you with good advice on your investment. Brokers can help you effectively forge connections with sellers. Depending on your arrangements, these professionals can even negotiate on your behalf to ensure transactions go smoothly throughout your real estate dealings. Brokers are beneficial for real estate investors as they have an extensive network of good contacts that can lead you to the hottest property deals in the market. Real estate brokers can also walk you through different aspects of your loan terms so you can get the best bang for your buck, according to the current trends. Licensed brokers in the Philippines are answerable to the PRC (Philippine Regulatory Commission), which protects you from unprofessional conduct as you do business with a certified broker.

• Seek the advice of your accountant. Typically, you want to go into commercial real estate to make money. An accountant can help you go over the books of your prospect property’s current owner to see how much money you stand to make minus all the expenses you’d likely shell out for the investment. This is a critical aspect to consider especially when purchasing a commercial property with existing tenants or when using the real estate for the same type of business as its current state.

• Find an experienced lawyer dealing in similar contracts. Remember that fairness isn’t automatic in legal contracts. Terminologies and clauses may also be difficult for a layperson to grasp, which is why it is important to have a lawyer explain meanings behind jargons and provide you advice on fair terms you should get/ask for. A lawyer can also help you verify whether or not the property or title is free of any legal issues or claims.

About The Company:

Housal Inc. is a real estate brokerage firm based in West Bonifacio Global City, Taguig, Philippines. Their offer brokerage services to investors, property owners, and even landlords who are willing to invest in the real estate sector in the Philippines. They are in partnership with some of the best real estate developers in the Philippines like Century Properties Group, Megaworld, Rockwell Land, Ayala Land, Ayala Land Premier, Robinsons Land, Federal Land, Avida Land, Alveo Land and DMCI.