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Davaoeno

selling a house in the Philippines

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Could U give some advise regarding building your house in the best locations in case U decide to sell a decade later ?

 

thanks... 

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Davaoeno's OP is the reality of things that does occur to those who overbuilds and in a not so nice location! It comes with the territory, especially here in the Philippines! It's all about location, location, location and the appeal of one's home to prospective buyers!

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Davaoeno's OP is the reality of things that does occur to those who overbuilds and in a not so nice location! It comes with the territory, especially here in the Philippines! It's all about location, location, location and the appeal of one's home to prospective buyers!

 

Not so nice location??? I can see you've never been to Argao, huh !!!

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NOSOCALPINOY, on 24 Jul 2015 - 07:41 AM, said: Davaoeno's OP is the reality of things that does occur to those who overbuilds and in a not so nice location! It comes with the territory, especially here in the Philippines! It's all about location, location, location and the appeal of one's home to prospective buyers!  

 

Not so nice location??? I can see you've never been to Argao, huh !!!

Did I mention any specific locations in my thread? No I did not! So, don't get so defensive and start something out of it on here! :idontknow:  

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It's all about location, location, location and the appeal of one's home to prospective buyers!

Exactly! And although it might appeal to some, a Barbie Doll size house on a postage stamp size lot in a subdivision for a minimum of 2 million p more wouldn't interest me at all. I'd go for the cheaper western style house with a pool on a decent size lot surrounded by a wall all day long.

 

As for the sales terms if all the perspective buyer could scratch up for a down payment was $9,000 I'd be very skeptical about him being willing and able to make $1350 per month strokes for 5 years.

Sure, it takes the right buyer to purchase any house but I don't think a potential buyer that has liquidated his assets in another country and having $80k in his pocket is like finding a unicorn. Sure there are lots of foreigners here that don't have that kind of money and probably a lot of the ones that don't, don't have $1350 a month for a house payment either.

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Exactly! And although it might appeal to some, a Barbie Doll size house on a postage stamp size lot in a subdivision for a minimum of 2 million p more wouldn't interest me at all. I'd go for the cheaper western style house with a pool on a decent size lot surrounded by a wall all day long.

 

As for the sales terms if all the perspective buyer could scratch up for a down payment was $9,000 I'd be very skeptical about him being willing and able to make $1350 per month strokes for 5 years.

Sure, it takes the right buyer to purchase any house but I don't think a potential buyer that has liquidated his assets in another country and having $80k in his pocket is like finding a unicorn. Sure there are lots of foreigners here that don't have that kind of money and probably a lot of the ones that don't, don't have $1350 a month for a house payment either.

So why do homes like you mentioned above do not sell quickly? Again, it's all about location, location, location and appeal, let alone conveniences nearby! 

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The OP had some great advice and was not addressing any particular piece of property in general. Take it for what it was meant. :twocents:

 

 Now I'll sit back and watch the show :popcorn:

Edited by sugbu777

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