The Gen Y Homebuyer’s Guide

House for saleThe Filipino millennial isn’t just a fan of big city or condominium living. Some of them also aspire to be homeowners in quaint and quiet residential areas.

Millennial homebuyers have their reasons; ZipMatch.com offered the following statistics:

  • 4 out of 10 buy a house because of a job promotion
  • 2 out of 10 believe a new home is a necessity before marriage
  • 2 out of 10 consider homes as investments for their OFW earnings

With the fast-paced nature of today’s real estate combined with the competitive market and technology, buying a new house can be challenging for the Gen Y Filipino. Fortunately, it need not be too tricky, as long as you map out your home purchase with the right information.

Thanks to the Internet, this is easier to carry out.

Ask and Research

Landestimate.com.ph, a local price comparison website, recommends learning your options first before agreeing to a property. By gathering more information, you are sure to make an informed decision in the end.

Today, technology lends a helpful hand in your search. The Internet gives you access to a wealth of information, with websites offering property details and price comparisons. Apart from taking note of suggestions from family and friends, read up on online recommendations.

Real Estate Jargon and Too Many Properties

Before you begin your search, know that you’ll have plenty of property options. It’s only natural to not know where to start looking. When you type “house and lot for sale in Cavite,” thousands of real estate properties from that location will appear on your search results.

The sheer number of options may overwhelm you. Instead of searching for a needle in a haystack, find a trusted real estate website and seek their services.

While you’re at it, you can also learn more about property-related jargon. Familiarizing yourself with real estate terms will help you keep up with an agent or broker during discussions or negotiations.

Information is power—one you’ll need when buying your first home. Do not immediately say “yes” to the first house you see. Instead, whip out your phone and go on Google and learn more about your options.