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REALTORS® need to be watchful and always take safety precautions when they host an open house. Recently, it was reported that a visitor at an open house in Willow Glen was caught on a Nest security camera going through all the drawers and closets of the homeowner. The female visitor had told the REALTOR® she had a child sleeping in the car and asked if the REALTOR® could watch the car out the front door while she looked at the home. The individual then proceeded to enter the master bedroom, bathroom and bedroom and was caught on camera going through the nightstand drawers, dresser drawers and closets looking for valuables. Fortunately, the owners had locked away their valuables prior to the open house, so nothing was stolen.
These days with the short supply of homes for sale and rising rents, many buyers are scrambling to buy homes and this has caused more traffic at open houses. REALTORS® hosting an open house need to be on the alert. Open houses can be a great sales tool, but hosting one exposes you to unfamiliar people, and while more traffic increases the potential for crime.
Below is a list of safety tips for both REALTORS® and their clients from the National Association of REALTORS® Safety Resources Kit:
- Remind your clients that strangers will be walking through their home during showings or open houses. Tell them to hide any valuables in a safe place. For security’s sake, remove keys, credit cards, jewelry, crystal, furs and other valuables, including expensive electronics like computers and laptops, from the home or lock them away during showings. Also remove prescription drugs and don’t leave personal information like mail or bills.
- If possible, always try to have at least one other person working with you at the open house.
- Check your cell phone’s strength and signal prior to the open house. Have emergency numbers programmed on speed dial.
- Upon entering a house for the first time, check all rooms and determine several “escape” routes. Make sure all deadbolt locks are unlocked to facilitate a faster escape.
- Have all open house visitors sign in. Ask for full name, address, phone number and email.
- When showing the house, always walk behind the prospect. Direct them; don’t lead them. Say, for example, “The kitchen is on your left,” and gesture for them to go ahead of you.
- Avoid attics, basements, and getting trapped in small rooms.
- Notify someone in your office, your answering service, a friend or a relative that you will be calling in every hour on the hour. And if you don’t call, they are to call you.
- Inform a neighbor that you will be showing the house and ask if he or she would keep an eye and ear open for anything out of the ordinary.
- Be alert to the pattern of visitors’ arrivals, especially near the end of showing hours. In some areas, a group of thieves will show up together near the end of the open house and, while a string of “potential buyers” distracts the agent, the rest of the group walks through the house, stealing any valuables they come across.
Visit NAR’s REALTOR® Safety website for more safety tips at www.REALTOR.org/Safety.
“Doing Business in the Philippines,” hosted by the global business council of the Silicon Valley Association of REALTORS® in November, attracted more than 40 association members and guests. The Philippines is Asia’s second fastest growing economy today and the business of real estate there is booming, according to Philippine-based real estate agents.
The program, moderated by National Association of REALTORS® President’s Liaison to the Philippines Jennifer Tasto, had as panelists International REALTOR® Members from the Philippines from the Chamber of Real Estate and Builders’ Associations Inc. (CREBA). CREBA is the Silicon Valley Association of REALTORS®’ cooperating real estate association. It is the largest real estate umbrella organization in that country. The delegation included Bernard Umali, Evangeline Yia, Arlene Posadas and Connie Castellano. Their presentations focused on buying and selling property, estate settlement, project selling, ownership of land and registering property in the Philippines.
The Filipino REALTORS® said Philippine real estate is one of the best businesses today. They said the country has an estimated population of 101 million people. Top buyers of Philippine property are early nesters due to the country’s young population, business process outsourcing workers, overseas Filipino workers and investors.
Why buy real estate in the Philippines? They said the Philippine economy rebounded with a growth of 5.6 percent in the second quarter of 2015, defying a regional slowdown which has affected countries like China and Japan.
“Filipinos are among the most globally connected in the world,” said Tasto.
Tasto said over 10 percent of Filipinos (an estimated 10 million people) live outside the Philippines and work in over 150 countries. Overseas Filipino worker remittances are at a record high, posting $26.93 billion in 2014. Of this money, 60 percent is devoted to real estate investment.
The cost of real estate in the Philippines is much more affordable than in other Asian countries, along with the rate of return on investments, added Tasto. The panelists also indicated growth in business process outsourcing and tourism has spurred real estate sales.
The Filipino REALTORS® noted bank real estate loans hit $24.47 billion in 2014, fueled by sustained demand for new homes and office space. The migration rate in Manila also has made the country’s capital a favored location for residential condominiums.