A real estate transaction hard to navigate
A real estate transaction hard to navigate I had a real estate sale last December 2020 and it was bit of a pain to navigate. I had a listing that took almost 9 months prior to sale. A land located in Sun Valley Residential Estates in Antipolo City, Rizal Province. The owner of the property was my aunt. Last August, i had five weekend viewings through 5 different people. My aunt trusted my services although i opened the sale also to them. All of them wanted a bank loan sale. As standard with bank loan sale, the person who loans can have up to 70% of the appraised value, or 100% of selling price, depending on the credit score of the buyer. None of the five people were able to purchase the lot. It did not proceed as my aunt needed a higher return for the idle land despite the low price as advertised. I had lots of viewings back then. Come November, someone is eager to get the property. The buyer is an old woman, close to 60 years old. The buyer is an architect by profession and...