If you are running a social media group like our OFW UsapangPiso Forum, one of the most moderated posts are those ads of houses and condo units that local real estate brokers and agents are selling. The problem is that they don’t read our posting guidelines/rules first before flooding our walls. Nothing against selling of properties as I myself do sell some passively. (Yes, I don’t like competition). 😛
Seriously, agents and brokers target OFWs and OFW communities in selling their units, boasting of easy installment plans and low interests. There are also a lot to choose from. Pretty tempting for most OFW’s whose goals include owning a house or run a house-for-rent business.
However, people need to examine their situation first whether it’s already the right time for them to buy their first house. Just because everybody’s buying and news of a good economy keeps on popping up your TV screen, doesn’t mean you have to buy now also.
Ask yourself the following questions to know if you are really ready to make that once so elusive dream of owning a house come true. Continue reading Are You Really Ready To Buy A House?