Ohmyhome’s ‘Buying From Overseas’ Page Allows Purchase of Property in the Philippines from Anywhere

Anjie lou delos Reyes
Purchasing properties in the Philippines used to be difficult, especially for prospective buyers and investors living in other countries. For starters, overseas Filipino workers (OFWs) trying to buy a house for their families were often daunted by the cumbersome paperwork involved. Similar worries deterred prospective property owners who are based overseas.

Ohmyhome’s ‘Buying From Overseas’ Page Allows Purchase of Property in the Philippines from Anywhere
Ohmyhome’s ‘Buying From Overseas’ Page Allows Purchase of Property in the Philippines from Anywhere

All these problems are now tackled by industry game-changer Ohmyhome’s newly launched ‘Buying from Overseas’ website, which is directly primed to help consumers abroad start their buying journey. The new service would definitely make the home buying process straightforward and quick for OFWs who want to purchase properties in the Philippines while encouraging overseas property investors to pursue opportunities.

According to Ohmyhome, users merely need to visit the Buying from Overseas page on its website and chat with one of Ohmyhome’s agents to begin their housing journey. Interested homebuyers or developers would then be led through all the stages of the process.

The Buying from Overseas page comes when data from Ohmyhome research reveal that Filipinos located abroad are taking a closer look at cross-border investment. This could be spurred by the government’s heightened confidence in the country’s economic recovery. For one, in a media conference in December 2020, Finance Secretary Carlos Dominguez III and his economic team expected a GDP (gross domestic product) increase of 6.5 percent to 7.5 percent in 2021.

According to the World Bank Group, the Philippines are likewise included among the forty-two most improving economies in 2018 and 2019.

Also, in 2020, net equity capital investments rose by 32.9 percent to US$107 million from US$81 million in 2019, with the majority of the equity capital placements spent primarily in real estate, manufacturing, banking, and science and technology industries.

Finally, the Department of Trade and Industry promotes spending in the thriving field of information technology and business process management (IT-BPM), which fuels office leasing and corporate housing.

Ohmyhome is also hopeful that with a bright forecast for the Philippine economy in 2021 and encouraging input from international and real estate transactions in the past year, prospective property buyers abroad can take advantage of the current economic environment and plan to invest in Philippine real estate now. Providentially, Ohmyhome’s Buying From Overseas page would make the process easier and more effective.

Among the first who are set to reap from this service are OFWs who have long yearned to buy a home in their country as they toil in Dubai, Doha, Abu Dhabi, Riyadh, Canada, Australia, Singapore, and Japan. These OFWs and owners can now look forward to the amazingly efficient home buying experience that awaits them.

Also Read: Ohmyhome Presents 'ShoutOut' for Easier and Faster Home Searching

Ohmyhome partners closely with developers to discover the right deals and obtain the best prices in the industry. The proptech firm will then have straightforward land planning reports until the acquisition is made.

Ohmyhome also details the path those prospective buyers will go through while availing of services through the Buying From Overseas page.

First, the professionally qualified consultants will support potential customers and work with an investment expert to provide clients with the latest industry research and shortlist assets that suit their needs. First, the property’s market value can be measured by the appraisal to ensure that investors secure homes at the correct price.

After the purchase, Ohmyhome will lead its homebuyers through the next phase of the property journey, such as review, turnover, and move-in. And after move-in, Ohmyhome will continue to support its clients in other potential home facilities.

OFWs would be delighted to know that properties from top real estate developers such as Avida of Ayala Property, SM Development Corporation (SMDC), and Vista Land International Marketing Inc. are available in the Ohmyhome application and website.

Ohmyhome’s Buying From Overseas website can also be viewed by foreigners interested in purchasing a property in the Philippines. Non-Filipino citizens can buy condominium units through Ohmyhome, as our laws provide for condominium purchases by foreigners. Moreover, clauses in the constitution provide for foreigners’ ownership of the real estate in the region.

Additionally, the proptech platform asserts that prospective buyers from Malaysia and Singapore enjoy added faith as Ohmyhome has offices in these countries.

Finally, buying from abroad is an enticing choice when Philippine property developers promise flexible payment schemes. With Ohmyhome standing by to assist buyers, it’s all systems go for property hunters, wherever they might be.

About Ohmyhome

Ohmyhome was launched in the Philippines in September 2020, following its creation of a tech team in the country in 2017. Ohmyhome was originally established in 2016 and subsequently grew in Singapore as a leading PropTech solution and licensed real estate agency.

Ohmyhome extended into the Philippines so that Filipino home buyers can have a real estate partner that they can trust to have their best interests at heart and can be counted upon to offer outstanding services during the whole property journey.

Featuring thousands of properties across all of the Philippines’ big real estate brands, Ohmyhome differs from other local channels by going the extra mile and thoroughly helping customers narrow down the options and locate the property that best fits their budgets, home desires, and lifestyle tastes.

The company’s Real Estate Agents assist with the shortlisting of opportunities and offer specialized services during the entire buying process. This provides help with property checks, negotiations, the finalization of the Conditions of Sale, deposit processing, the filing of property records, and giving buyers daily reports.

Ohmyhome helps Filipinos locate their dream houses, all while ensuring each real estate transaction is complete and is an effective and pleasant experience.

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