Location, location, location, It is a mantra most real estate investors use. For a prudent investor, this rule, guide, and standard must still be subject to professional appraisal, study, and analysis. A wise investor often consults experts before going to site acquisition, lease, or joint venture.
Professional Real Estate practitioners are required to be well educated in utilizing the tools so as to help in their rendering a proper professional opinion. Mathematics of investments, Real Estate financial analysis, and other financial and economic references are needed to come up with a scientific conclusion.
This was recently presented by a Real Estate guru and expert in math investment, Mr. Eric Manuel, Founder and Principal Advisor of BRYCG Group.
In his seminar workshop, Master Eric demonstrated new mathematical techniques and financial/ economic models for coming up with decisive solutions for real estate investors. So, if one is faced with the dilemma as to buy in downtown Manila or invest in uptown Manila, Mr. Ramon C.F. Cuervo III suggests using the Appraisal Tools of Valuation and Master Eric’s formulas of Real Estate investment.
Professor Roque Sorioso shared his experience and I quote “So, if faced with having something to decide, shall I go downtown or move uptown, well show me the math. Numbers don’t lie.”
But one thing numbers won’t tell you- The more that yield rates, ROI’s, cash flow, and the like, is the qualitative know how, expertise and well informed informal data and information that one gathers from being familiar with local environment, customs, traditions, and even superstitions like in the need for Fung Sui.
Therefore, after the math, what an investor must know is the data and information one gets from knowing the streets, the people, and the market. This can only be done by the Professional Filipino Real Estate Practitioner.
There’s also a Real Estate Research firm that can help the Real Estate Professionals meet the demand for reliable, independent with professional data, and information of real estate industry. The Real Estate Research Institute Foundation, Inc., one of the aggressive real estate organizations supporting the industry, is a non-profit organization created to stimulate high quality research on real estate sector that will elevate the quality of real estate decision making.
The foundation supports and assists the Real Estate Industry through research works, supply of economic indicators, etc. that this information are vital for the planning and analysis of the development projects in different parts of the country. It also offers assistance and support services on various research works and development to members and clients in terms of management services, property administration, surveys and studies for the strengthening and improvement of Housing and Real Estate Industry.
Mr. Cuervo, during an interview at the APREA Summit, stressed on the need for PRC Licensed Professional Real Estate Consultants. The answer to Real Estate market concerns and questions are in the details. It is in the proper use of creative solutions, decisions, must be based on facts, and gathered from credible research methods. It is in the Quantitative Analysis to assist clear thinking and qualitative
logic reason, with the power of “gut feel”. That in Mr. Cuervo’s experience – spells failure or success in Real Estate Investment and Advisory Services.
“ For even if we face the pending foreign invasion of real estate colorums , we on the other hand are with the advantage of being “Pedestrian” that is. We have our footprints on our land,” Mr. Cuervo said.
Mabuhay ang Filipino professional!
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