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Feb 13 20, 1:10 pm

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Tips to re-sell your condo unit

by | Feature, Finance

Feb. 13, 20 | 1:10 pm

Many Filipinos, especially Overseas Filipino Workers (OFWs) in the UAE are going into the business of property investment. Having your own property allows you to build your dream home, as well as helps you get a passive income once you retire.

And when it comes to passive income, condominiums are the ones that prove to be the most profitable. With so many renters looking for a place with amenities and accessibility, condominiums have become in demand anywhere in the Philippines. In fact, condo units are the most talked and about at the Philippine Property and Investment Exhibition (PPIE)—the biggest, longest running and most trusted Philippine business and investment forum in the Middle East—with many people registering via: http://events.ppie.ae/register/.

And if you’re one of those who have already bought your own condo unit, how can you assure that it will attract potential buyers in the future? Check these tips out:

Tell your friends and families about your desire to sell your condo

Recommendations from families and friends, or even colleagues, can heighten your chances of selling your condo—simply because there is more confidence on the part of the seller if it came from someone they know personally.

Take advantage of advertisements

Whether it’s through notes on your building’s bulletin board, the newspaper, or through online selling sites and social media, advertising is a great way to gain traction about your desire to sell. Especially if you’re a social media savvy, you can easily promote your unit just by posting a photo and good captions about the features of your unit.

READ ALSO: 5 Reasons why OFWs should look into purchasing pre-selling condo units

Consider your market

The one thing that can help you effectively sell your condo is by knowing who actually needs it. It’s important to know your market so you can narrow down who might buy the unit in the future. Is your condo near universities? Then make sure your advertisement targets students. Is it near offices? Then target the young professionals. Is it near schools and hospitals? Starting families are your best bet.

Highlight your condo’s best features

You can’t possibly sell your condo if you don’t highlight what it can offer your target market. Make sure you post good photos, talk about its convenience and amenities, how near is it to important establishments, and how safe it is. Consider what people look for in a condo, and make sure you highlight your unit’s features that answer those concerns.

READ ALSO: House essentials first-time condo owners should prioritize

Flip it!

People would most likely buy a property that’s in good condition and is fully-furnished. Make sure to fix your unit and make it attractive for potential buyers.

Know your price

Know the current market value of your condo to determine how much you can resell it. If you don’t know your condo’s real value, you’ll end up asking for an unreasonable price—which can make it longer for you to sell it because buyers may think it’s too much. Or you may end up selling it way too low—robbing you off your chance to actually make the profit you deserve.

READ ALSO: Busting the myth about a condo’s lifespan

Learn to negotiate

Be a good sales-talker and find a way to convince the buyer that your unit is a great one. It’s also important to find a way to compromise and negotiate with what they want, without looking desperate. A smooth communication will assure a great selling transaction.

Philippine Property and Investment Exhibition (PPIE), the biggest, longest running and most trusted Philippine business and investment forum in the Middle East is now on its eight edition which will be held this coming April 10-11, 2020 at Crowne Plaza - Sheikh Zayed Road.

The past seven editions of PPIE made a history in the UAE and in the region by bringing in more than 24,500 quality visitors.

This event has been continuously attended by the leading most reputable property developers; banks; insurance companies; government-backed financial, investment & savings institution; money remittance centers; and services providers.

To know more about PPIE 2020, visit www.ppie.ae , or contact:
Rain Dimalanta
New Perspective Media Group
[email protected]
+971 4 244 9642

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 2.5 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

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