Have You Decided To Relocate To A New Place?

 

Few years back, Cebu attracted a lot of travellers from all around the world. It was the tourism industry of Cebu which made a lot of profit. According to a recent survey, it has been found that this city has the fastest economic growth i.e. 5% per annum. To keep pace with the rapid economic growth, it’s the real estate industry which is now offering excellent opportunities to the consumers. 

 

Important Factors To Consider Before Investing In A Real Estate Property

 

Nowadays, more and more people have decided to relocate to this city because of the excellent economic growth index. From luxury apartments to big mansions, the real estate industry of Cebu offers the best opportunities to people who have decided to settle in this industry. However, there are many factors you need to consider before you start investing in the property of Cebu market.

 

Get A Philippine Wife/Girlfriend

 

Obviously, it sounds like a lucrative offer. Isn’t it? However, you should have a Philippine girlfriend/wife before you purchase the property. It’s important because the property can only be registered on her name. Also, there are some particular restrictions for the foreigners who want to invest in a property in the Cebu Market.

 

Presently, there is a rule that the foreigners who are committed to a relationship with a native girl can only purchase the condominiums. It may sound strange, but it’s a real estate rule set by the local agents. That being said, you should first get committed to a relation before investing in a property.

 

Speak With A Local Agent 

 

When you have decided to invest in a property, speak with a local real estate agent who can help you find the best deal. There are many fake agents, and so you should be a little aware while looking for a real estate agent. Make sure to choose a reliable and trustworthy agent who can offer you a deal within your budget. 

 

Look for a professional who has a good website and can show you genuine reviews and client-testimonials. Even when you have hired a reliable agent, you should keep regular update of the deal so that you don’t become victim of such a scam. Do a complete inspection of the property. Just a visit to the property is not enough. You should check all the different areas of property before investing in it.

 

Look For A Property Inspector

 

This is one of the very first things you should keep in mind when you are buying a property. Speak with a local property inspector who can inspect the property carefully. Make sure that the property expert has a degree in architecture or civil engineering. Ask the property inspector to give you a detailed report before making any purchase.

 

Conclusion

 

First and foremost, you should set the price of the property before proceeding with any deal. Learn to negotiate with the seller. Keep all these excellent tips in mind when you have decided to buy a property in Cebu Market.