Residential condominiums are a robust sector of the real estate industry. Here are seven reasons why brokers should get into the game.
Developers roll out their own marketing for their condo developments. As a broker, you need not spend time and money on marketing paraphernalia, and you need not take pictures of the unit, or the development and its amenities. Often, you'll be able to get free brochures, flyers, and photos to promote the units you're selling.
No staging necessary
Likewise, developers often have model units that they hire professional designers to decorate. Instead of having to stage the unit yourself, take your buyers to see the model unit to impress them with the potential of its space.
Flexible payment terms
Payment terms can ultimately make or break your buyer's interest in the property. Most developers, however, provide convenient payment terms and even in-house financing so that young upstarts and professionals can afford the mortgage. It's a big draw that you can use to your advantage.
Likewise, big discounts, incentives, and flexible payment terms come with condominiums during the pre-selling phase. You can often provide your buyer the option of choosing the floor and exact location they want their unit to be in. Some developers also allow buyers to inspect construction progress on the unit itself and ask for allowable adjustments and improvements.
You'll have a good location to market to your buyers. Condominiums are a huge investment for developers. A top developer wouldn't build a condo project where they won't be able to sell it. They invest in good neighborhoods and they have experts, strategists, and researchers to consult with regard to a profitable location. Condominiums by the country's leading developers are often part of a mixed-use, masterplanned township that has a lot of retail, business, and lifestyle value.
The condominium boom in the Philippines came into full swing by roughly 2005. Most condominiums on the market are fairly new, and need little by way of repair .
Range of options
Every major developer has dozens of condominium projects all over the country, with different brands that serve varying income classes. As a broker, you'll have a range of options at your disposal.