In my 5 years in the field of Real Estate, I've met and talked to different people almost everyday. I have listed below things that 60 to 70% of them often tell me.
To them its a joke or just nothing at all. But for us who are dancing with demons just to close a sale, it's hard to take in and it breaks us down.
I am not expecting everyone to understand what I am saying but at least I can help educate some of you on who we really are, what we do, and hopefully encourage you not to say these in front of us again.
To them its a joke or just nothing at all. But for us who are dancing with demons just to close a sale, it's hard to take in and it breaks us down.
I am not expecting everyone to understand what I am saying but at least I can help educate some of you on who we really are, what we do, and hopefully encourage you not to say these in front of us again.
5. Bakakon man ka! ingun ka P5000 ra ang monthly ngano naa paman lain bayronon?
(Liar! your flyier says its P5,000 a month and now your saying I have to pay the Reservation Fee and the Downpayment?)
An Agent gave you a flier that says; "Own this House for as low as PhP 5,000 a month". You call him/her to ask questions about the property and when he/she starts explaining the details of the payment scheme you are shocked to find out that there are other fees to be paid and its not really PhP 5,000 a month.
Before you open your mouth to say nasty things (Liar!...blah blah blah), try to relax and listen to your Broker/Agent as he/she tries to finish his presentation. If there are things you can't understand ask politely.
Now to help you understand things, here are some things to guide you:
What's the "PhP 5,000 a month" (or whatever amount indicated on the flier) a equity or a amortization?
Equity or the Net Downpayment (minus the Reservation Fee) are exactly the same, it can be 20% or 30% of the Total Price.
Loanable is the remaining 70% or 80% balance of the Total Price
Amortizations are your monthly payments.
How long do you have to pay it?
It all depends on the Company or Developer. For example: an equity, can be paid 6 months - 36 months with no interest or spot payment. While the Loanable amount can be loaned through Bank or Pag-ibig Financing and can be paid depending on the Terms & Conditions approved by the financial institution for you.
Before you open your mouth to say nasty things (Liar!...blah blah blah), try to relax and listen to your Broker/Agent as he/she tries to finish his presentation. If there are things you can't understand ask politely.
Now to help you understand things, here are some things to guide you:
What's the "PhP 5,000 a month" (or whatever amount indicated on the flier) a equity or a amortization?
Equity or the Net Downpayment (minus the Reservation Fee) are exactly the same, it can be 20% or 30% of the Total Price.
Loanable is the remaining 70% or 80% balance of the Total Price
Amortizations are your monthly payments.
How long do you have to pay it?
It all depends on the Company or Developer. For example: an equity, can be paid 6 months - 36 months with no interest or spot payment. While the Loanable amount can be loaned through Bank or Pag-ibig Financing and can be paid depending on the Terms & Conditions approved by the financial institution for you.
4. Mopalit ko karon ug tolo pero ang duha kay ad2 nako ihatag sa kaila nako nga Broker
(I will invest 3 properties but I'll give the other 2 sale to my friend who is a Broker/Agent)
I've encountered clients who are like this and I call them A**holes. They've scheduled a site visit to the property, we gave them a good presentation, and a good deal that fits their budget.
After all we do for them, they tell us... WHAtTHE!@&#*$)#*#*#*. And what’s worse is we don't even know if their “broker friend” exists. We’ve never even met him/her. They’re not the ones who broke their backs rain or shine just to make sure you get the best property there is. They just call someone at the office and claim that it's their sale. Worst part is; when the Buyer & Developer agree with them and decide to split the sale.
If you want your agent to respect you, don't do this. You may be superior to them because you are the buyer, but trust me you’re never going to love the feeling if you were in their shoes. RESPECT!
After all we do for them, they tell us... WHAtTHE!@&#*$)#*#*#*. And what’s worse is we don't even know if their “broker friend” exists. We’ve never even met him/her. They’re not the ones who broke their backs rain or shine just to make sure you get the best property there is. They just call someone at the office and claim that it's their sale. Worst part is; when the Buyer & Developer agree with them and decide to split the sale.
If you want your agent to respect you, don't do this. You may be superior to them because you are the buyer, but trust me you’re never going to love the feeling if you were in their shoes. RESPECT!
3. Naa kay Rent-to-Own dha within the City? kanang Barato ha.
(Do you have a Affordable Rent to Own Property within the City?)
Every Broker/Agent hates to hear this (especially from someone they know). Yes, most of the people who ask for this are close friends, relatives or family members. When we say within the City... that word "CITY"... don't expect it to be affordable. It's very hard to look for an “affordable” House within Cebu City these days unless your budget is PhP10M above or if you are willing to settle for a condominium.
It will be easy for us to offer you a property if you are open on how much you are willing to spend on it. Rent-to-Own does not really mean you pay the usual monthly rent until you own it (nonetheless affordable/cheap), you still need to pay a reservation fee, down payment and other miscellaneous fees.
In Real Estate, the key is always the location. The best thing for you to do is to decide on a location where you want to invest in and ask your Broker/Agent on how much will it possibly cost.
It will be easy for us to offer you a property if you are open on how much you are willing to spend on it. Rent-to-Own does not really mean you pay the usual monthly rent until you own it (nonetheless affordable/cheap), you still need to pay a reservation fee, down payment and other miscellaneous fees.
In Real Estate, the key is always the location. The best thing for you to do is to decide on a location where you want to invest in and ask your Broker/Agent on how much will it possibly cost.
2. Tunga tas imo Commission, dako btaw na kaysa mangita kog lain
(Let's split your commission 50/50 or I'll look for another Broker/Agent)
This is a very serious matter we have here, I've been offered this thrice and instantly rejected it moved on. This is very rampant nowadays that there are Brokers who are converting their buyers into sellers just raise their name to the top. I don't really agree with this set-up, we hate it. Although some gamble with this because they are having trouble hitting their monthly quotas.
I would like to remind the buyers out there that we, Brokers/Agents, are normal people just like you. We have bills to pay, mouths to feed, clothes to buy for us to look good and etc. Yes our commission is big, but our income is not consistent. Not all of us are closing 10 sales a month. One is lucky to have at least one sale a month, and that’s hard to come by. Our commission will be released depending on how long you pay your equity and we have huge taxes deducted on our paycheck.
If ever you guys want to earn from us, we can give you referral fees. That way, its ethical and we can give it to you with a happy heart. If you can refer clients after you purchase a property from us, just ask politely and honestly.
I would like to remind the buyers out there that we, Brokers/Agents, are normal people just like you. We have bills to pay, mouths to feed, clothes to buy for us to look good and etc. Yes our commission is big, but our income is not consistent. Not all of us are closing 10 sales a month. One is lucky to have at least one sale a month, and that’s hard to come by. Our commission will be released depending on how long you pay your equity and we have huge taxes deducted on our paycheck.
If ever you guys want to earn from us, we can give you referral fees. That way, its ethical and we can give it to you with a happy heart. If you can refer clients after you purchase a property from us, just ask politely and honestly.
1. Oh Broker na d ay ka, dato na d ay ka?
(So your a Real Estate Agent/Broker, your Rich?)
From the very day that I took this job up until now, people have been telling me this. I really don't know where they got this idea. If they see a Real Estate Broker/Agent, they always say "dude, you’re rich!" and I always answer them "Yes I'm Rich as Hell, and you’re still poor?" Yes it sounds sarcastic, but if you’re someone in this field doing everything you can just to close a sale with blood, sweat, tears, heartbreaks and frustrations it’s kind of insulting to hear this. Why not give us some words of wisdom that will motivate us to do the best in what we do instead? If you are not capable to do that, then just shut the hell up.
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