Finding the right property for you in the Philippines 🇵🇭
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- Опубликовано: 28 июн 2024
- Our retirement journey - episode #6. Our approach to finding and buying property in the Philippines.
@buildingthephilippines
#retirement
#realestate
#property
You two are smart couple. Thank you for that valuable tips.
Thank you, appreciate it.
Re: the studio. Good decision. Much less echo.. I like the more formal approach you described. I think the main factor to your success was to sit-down (both of you) and have that long discussion about what you both wanted. (Characteristic of the lot, timelines, etc..). ANOTHER key factor was to write this list down and "sticking to your guns" . Also, I inferred that you two presented a unified front to realtors who, like car dealers, may try to exploit any signs of divisiveness to make the sale. Everything in this video is sound advice, and I thank you for it. Excellent. ( I have an off-topic request: If you ever have the time... I would appreciate having your thoughts on Home security and understand your reasoning for not building in a gated community. ) Salamat!
Thanks for the comment and will discuss that off topic suggestion in a future video.
@@buildingthephilippines Great thanks!
One reason could be that property in gated communities are at least 3-5 times more expensive. That is stopping me at least.
And the lots are usually much smaller 200 to 500 square meters.
Hello Wilma & Greg. Thank you for sharing your story on seeking land and ALL your tips. I completely agree on being very strict with all your realtors on exactly what you are looking for.
Thanks, appreciate the comment.
FB marketplace is how I found our 2nd home. Luckily we had my wife's family help check the house out. With SPAs, an Apostille and a Red Ribbon from the embassy we were able to buy this home in the Philippines.
Great to hear, congrats. FB is a great resource. Thanks for watching.
Thanks for sharing
You bet
Like your studio 👍, better sound quality. I wish I saw your videos before buying land a few years ago…but have better perspective now going forward 😅.
Thanks for that sound check, need to record there more often. Appreciate you watching our videos.
So knowledgeable and very informative ‼️
Appreciate the comment and thanks for watching.
You Guys are Awesome! Thank you so much for all that you've shared on this channel! We will take your advice to heart.
Thank you. Appreciate the comment.
I can really relate to your methodical approach.
Hello from Dwayne n Ria Texas/Bulacan
Hello, appreciate you commenting and watching our videos.
Thanks for more great information!
Thank you, appreciate it.
nice studio , the curtain backdrop brings the focus closer to the Hosts.
Thanks Rory, good to know. We used an external mic for the first time as well.
Still pretty echoey… you should use wearable mics.
In Philipine,Thailand Foreign Residents Are Not Allowed To Own Land It's Written Very Clear In Their Law I Personally Will Never Ever Risk My Hard Earn Money To Be Waisted
Many people feel that same way and many do not. Thanks for watching.
Thank you for your information ❤❤❤
Your welcome, appreciate it.
nice one Greg and Wilma 👍
you both did your due diligence
Thank you appreciate it.
A good video to help the 10% on keeping it real, when buying property for your future home in the Philippines. Stick to your requirements, and don’t let the realtor have you settle and waste time. All of those are really what everyone who is looking to build anywhere should be doing. If you don’t, you like you said, “but what if”. That is so true. Always happy to hear your story😊
Thanks Steve, stay warm up there in Northern NY. Been cold lately in your neck of the woods.
Great information. I appreciate your organization ❤
Thank you, appreciate it.
Salamat on the Facebook Market Place tip!!! Gonna start using that vs. the sites I’ve been googling etc. Learned many many many tips over the months from you two. Thanks so much. Can’t wait to leave USA in 35 months retire in Negros Oriental my Filipina wife’s home province.
Thanks awesome Mike, glad to hear your retiring to the Philippines. Appreciate you watching our videos.
Great video, thank you for sharing your insights on how to pick a realtor and the property you are looking for. Looking forward to your other videos especially how to pick a lawyer, architect and contractor.......Jim
Thank Jim, appreciate it. Thanks for watching.
Great idea using that 3 Realtor approach and being transparent right from the start! 😄
Yes, it worked for us. Created a bit of competition. Thanks for watching.
All great points Greg and Wilma. We’re in the process now, and we know how realtors would take us to properties that had no relation to the wish list we gave them, so we did the same and found one who listened. Same with lawyers. And yes, earnest money will never be returned.
Good luck in your search for land. Thanks for watching.
Hello Wilma and Greg！ Thank you so much for your video！ Very informative, this really helps me. I am looking for property in the surrounding Manila area. 👍
Very nice to hear, good luck in your search.
The result of your prcess is great, you achieved almost your goal. And 7 month of acquiring and building is very ambitious. So you didi the right things no doubt about that.
However, I am not sure if I go through the same process. It sounds to me hard work. In my country I am used to get documentation first with most of the relevant details. Your way you only get the details when visiting or even later what the papers are concerned. Is this really the way to go, is there no short cut to eliminate the unmatched?
What about making a tender? Put your specification book (with must have, nice to have) on a dropbox and mail to hundreds of agents, giving them access to your drop box? Will the agents make poweful documentations for you?
This is the Philippines, things are done very differently here. If you haven't spent significant time here, it's hard to get someone who hasn't to understand.
Great Info thanks. I want a jungle view on the side of a large hill {MT}.
Yes, the view behind us is amazing. I need to show it more on video.
Long live Countries Like America, England, Australia, Germany, France, Spain,Ireland & So Many Other Countries Where Foreign Residents Can Buy Land & Open Run Business 100% On Their Name
With Out Worries Of Joint Ownership With Locals Who Can Change Their Greedy,Selfish Mind Any Time & Easily Kick You Out Of Your Entire Life Savings
There's arguments both ways regarding countries allowing foreigners to buy up land and businesses. Regarding getting kicked off, that would only happen if you chose the wrong lady to be your wife.
Land is crazy expensive here. Even at 1k php per SQM. Good luck finding that! That’s 4046K php per acre or $70113. Most land in my area is 8k+ per SQM. So a 1000 SQM lot, 1/4 of a acre is over 8m php, or $138k
Agreed, land prices are quite expensive here.
PS. Did you know your channel and article about you was featured in Business Insider magazine? Nice.
Yes, Wilma and I were interviewed by the Business Insider in December. Thank you.
The studio audio is much clearer.
Thank you, we thought so too. Used and external mic as well.
What was the best area of Leyte you found land. My wife’s large family is in Biliran and Leyte is probably about as far away as I can get from Biliran? Thanks for always have great information on your channel.
We found some decent lots around Ormoc. However, quite expensive. Actually double what we paid here in Dauin.
Did you guys consider living near Wilma’s family? When my wife and I get our land, she’s not really sure if it’ll be close to her mom and siblings. I had thought it was just a given that we would be, a it seems most Filipinas so that.
Yes, we considered it and decided against it. To provincial for the both of us. 1 hour drive for a hamburger, 2.5 hours to a modern hospital.
We decided to find a place far from my wife’s family. First we wanted the beaches nearby and better services. Second we wanted more privacy and freedom. We chose Bohol and my wife is from Bicol Luzon. The downside for us is my wife doesn’t speak bisayan.
Ah yes different dialect, that's a bit of a challenge.
@@buildingthephilippines my wife’s from Guimaras, which isn’t bad and will be closer to the city if they ever do build those bridges to Bacolod and Iloilo. The only thing I’ve insisted on so far is to not retire IN Bacolod, but going out to the mountains an hour away might work.
Enjoy and good luck to you guys.
NORTHERN WISCONSIN HELLO .. CAN YOU SHOW US YOUR OCEAN VIEW ? SALAMAT
We have many many videos in our playlist showing our views. Go to @buildingthephilippines and watch our video on that main channel page. Lots of drone footage and video of land and house.
ruclips.net/video/-uN_WWsYYGg/видео.htmlsi=cDv1OZzKftn7uNkn
Their ocean view is from the sloping mountain side they have located in.
Great video.....did you guys pay cash or financed?
Cash sale, managers check from our bank.
@@buildingthephilippines thank you
Tricking us with the upload times LOL
The bosses idea, I just follow orders.
Good info Greg. Do you think at some point you could discuss the tax/asset implications for U.S. citizens who buy/own property abroad. I assume the money grubbing IRS has a way to get their slice of the pie at some point. Thanks!
Yes, we will go over taxes here and back in the US as well.
just found this channel join it
Thanks HB for finding our channel. Appreciate you subscribing.
We have a question about retiring in the Philippines how it works your sss retirement
Send me an email at buildingthephilippines@gmail.com
Did you fire the first realtor who tried to sell you the rice field? LOL
Lol, actually yes. We never used her again.
Real estate agents are the same the world over... you've got to do your own research!
You are spot on Toby, they just want to make a sale as quickly as possible. Buyer beware.
My real estate broker was awesome and super helpful, but the attorney was a huge waste of money from what I could tell.
@Landmantx very true, I have heard where attorneys have failed to tell tell the entire story for some foreigners in this area. Integrity is in short supply with some transactions. Others have no issues at all.
We were driving around your subdivision last week looking for property. Actually drove by your house,
Decided against buying there . We saw too many snakes slithering around. They don't bother me ,but my wife hates them. 😉 🤣
Seriously. Great information. You two have a beautiful home !
No snakes here, must of watched my interview with Mark.
yes I did haha @@buildingthephilippines
Am looking for land near you guys any suggestions
Reach out to Alma Almonte Fulco on Facebook messager.
I wish the Philippines government would reciprocate at least one of the many rights Filipinos enjoy in the USA such as allowing Americans to own at least 1 acre of land to build a retirement home and be at peace.
Without taking the risk of putting it in someone else's name.
Old habits/beliefs/customs/laws are hard to change here. Many people still believe in wok woks and white witches. Witch doctors still exist, probably wont change in our lifetime.
Hi Greg and Wilma i tried your email i could not get it to go through
Our email is buildingthephilippines@gmail.com all lowercase letters.