The main reason why Filipinos prefer working abroad is because they want a better life. OFWs (Overseas Filipino Workers) strive and beat their bones so they can live the life they’ve always seen. One sign that that dream is right in front of them is by acquiring or buying properties. But do they need to go back here for them to buy houses or properties? Or can they proceed in buying even if they’re abroad? To answer that question, Yes, OFWs can most definitely buy houses/properties while they’re working overseas.
Most OFWs ask their families here in the Philippines to search for properties because they themselves cannot do it; it’s physically impossible because of course, they’re working overseas. But they can actually seal a deal even if they’re working abroad. If they already have the money, why not invest it immediately so it won’t be lost?
Developers are one, if not the most trusted source of real properties. So if you’re an OFW and you’re planning to buy a house with the help of a developer, then continue reading because you’re in the correct webpage.
The very first step of this is to have an entrusted person or representative to act on your behalf. The SPA or The Special Power of Attorney is what we call this person. In documentation, you will see this as Attorney-in-fact. So what this person does is that he/she will sign the deals and documents needed to be signed on your behalf. It’s just like your extension.
This person could be anyone from your siblings, parents, relatives, even friends. The important note that you need to have with this person is that you really trust them. Furthermore, this could be your children only if they are of legal age.
The next step would be completion of registration or reservation process. You need to have your SPA working with a real estate agent to accomplish this.
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