Real Estate, Real Issues

Hi, if you have plans to invest in real estate, you should be very meticulous with the way their sales representatives/brokers/account executives treat you on your first inquiry. I like to make inquiries because that's my way of updating myself with what is happening in the real estate world.

For me, first impressions last when it comes to real estate investing. If they didn't treat you right the first time, would you still want to put your money in their projects? Customer should be king here because when the investor puts in his money into real estate, it's mega-bucks. So don't settle for poor service.

Not only that, no matter how stable a company is, remember that almost 99% of the projects being sold out there are PRESELLING, meaning, they're actually using your money to pay for the construction of their projects. No corporate spin can convince me to think otherwise.

You, the buyer, is shouldering the cost, and RISK of the construction of a condominium project (or whatever project) that will be turned over only after what? 3? 4 years? So do you think it is right if they treat you like a person with no money upon first inquiry?

Service should still be excellent even if you don't pursue a project. The servicing broker or agent is the face of the real estate company. Some are only after commissions and you'll know it from the looks on their faces. So the blame may not entirely be on the real estate company, it can be on the agent.

I'd like to think that if the servicing is already a problem, I would be as paranoid when the day comes that they release the title/CCT, if at all.

Some of the worst I've experienced with regards to inquiry are the following:

Empire East Land
Megaworld Corp
GW Architects

Some of the best I've encountered are:

Ayala Land
SM Development Corp
Federal Land