Saturday, September 26, 2015

Selling a Condo in Makati: The Truth (and Hope for those selling)

Truth #1: People with sales quotas, or people whose lives depend on commissions, can or may be forced to LIE to make the sale.

As a licensed real estate professional myself, I hope to remove that stigma, but...

...try to put yourself in a position where the only income you have depends on commission-selling. You spend thousands on advertisements, IT costs, rent for office, bills, salaries, taxes, transportation fare, networking engagements and events - eventually you'd end up with 0 sale for the month.

Prolong the agony and make it five months.

Meanwhile, you have a foreigner who has never been to the Philippines, doesn't know what it's like to live here and you have a property that seems appealing to them. The foreigner asks, how's the traffic? Some people would say, "Oh, it's just five minutes away."

Failing to mention that the travel time is five minutes IF THERE ARE NO CARS ON THE STREET.

HOPE: As the Philippines strives to professionalize the industry, more and more real estate people are forced to disclose the truth. In my humble opinion, truth-telling should get a premium in this industry more.

Truth #2: This is actually what we are selling: