Author: Genevieve (Gigi) Bonquin REB 2309 REA 5754 REC 92

TWOSTOREY For Sale in Greenview Executive Village

• 

314 sqm

twostorey

FOR SALE 

160000 USD .

P8M

Single detached house and lot (pre-owned)

Location: NIA Village, T. Sora, Quezon City

Price: 8,000,000

Lot area: 240 sqm

Floor area: 314 sqm

Details:

2 storeys plus spacious attic

3 bedrooms, all with en suite toilets

Mini-library/office

1 ground floor multipurpose room/bedroom

1 ground floor toilet and bath

Maid's room with toilet and bath

Front garden space

3-car garage

Strong water supply

Infrequent brownouts

Available PLDT DSL line

One jeep ride to Trinoma, SM North

Three exit options via private vehicle

24/7 security

Distances:

UP Diliman – 7 km

Ateneo – 9.2 km

Trinoma, SM North EDSA – 7 km

Quezon City Hall – 6 km

NSO/SSS/LTO – 6.8 km

Hospitals:

Metro North Medical Center – 3.8 km

East Avenue Medical Center – 6.4 km

Philippine Heart Center – 6 km

National Kidney and Transplant Institute – 5.6 km

Location: NIA Village, T. Sora, Quezon City

Property information

APARTMENT For Sale in Newport City, Pasay City


Fully furnished!

• 

36 sqm

,
1 bath

,
1 bdrm

apartment

FOR SALE 

76000 USD .

P3.8M Still negotiable! Must sell asap!

This is a 1 bedroom unit located at Princeton Cluster. A 36.50 sqm unit furnished with customized cabinets on the kitchen, dining, bathroom for more storage. It comes furnished with the following items – 6 seaters wooden dining set (good quality), Large Mirror (in between dining and living area), Sofabed, ref, Closet, Aircon, Alarm, Queen Bed with pull out, 2 ceiling fan in the living and dining area, Electric stove, Electric Kettle, Microwave Oven, Windows with venetian blinds

Asking price is P3.8M still negotiable a little. Seller must sell asap! For viewing schedule, please allow a day notice. Direct inquiries only. Licensed Brokers are welcome on 50-50 sharing.

Property information

Brand new house for Sale in Tagaytay Highlands, Tagaytay

Brand new! View of Taal Lake and Mt Makiling

612 sqm

,
5 bath

,
5 bdrm

twostorey

FOR SALE

980000 USD .

net to seller

This brand new home sits inside one of the best kept secret of Tagaytay Highlands where you have the serenity and beauty of Taal Lake and Mt Makiling. This house was finished in April 2016. Owner’s built by retiree couple from US. The house has five (5) bedrooms, two of which are Masters bedroom, one on the ground floor for elderly plus one room used a gym. All rooms has ensuite bathroom. Spacious living spaces both ground floor and second floor.

Property information

Apartment For Rent/Lease in Shaw , Mandaluyong

Photo Link
Fully furnished

•  45 sq. m., 1 bath apartment – $900.00 USD. P45T/month Monthly

– For lease on long term basis. Fully furnished studio units!
One Shangri-la Place in Shaw Boulevard beside Shangri-la Mall.

One Shangrila Place Ortigas is a luxury twin-tower residential development that will stand atop a six-level mall on the podium levels featuring exclusive retail establishments. The six-level mall is envisioned to add additional leasable retail space to Shangri-La Plaza Mall.

The newest quality residential development of Shang Properties Realty Corporation, One Shangrila Place Ortigas is a mixed-use retail and twin residential 60-storey building project with basement parking levels.,

One Shangrila Place Ortigas embodies 5-star living and masterfully blends luxury, convenience and comfort to create a place that will truly feel like home. It will showcase comfortable units, meticulously designed by a team of known architectural consultants, with high ceilings and roomy interiors for a relaxing and luxurious feel.

Experience luxurious 5-star urban living at One Shangrila Place Ortigas “Where Luxury is Standard”.

Top Rate Amenities include :
Pools
Fully equipped gym
Changing rooms
Play area
Game Rooms
Clubhouse
Spa treatment room
Four-level parking podium
Residents will also appreciate access to Shangri-La Plaza expansion mall, which will feature popular and exclusive retail establishments.

Property information

Tips to avoid being scammed in real estate transactions (Part 1)

ako-si-korina-sanchez-handa-na-ba-kayo-colorled

ako-si-korina-sanchez-handa-na-ba-kayo-colorled

Real estate purchases be it for your residence, business or investment means not a small amount of money… not peanuts. Though for some, a small home can be peanuts. But for one buying the small home for his family, it can mean a lifetime savings or a lifetime of payment for all his productive years. And so, we should be careful in making those decisions of purchasing homes we buy and carefully choose the people we buy those from.

 Here are some tips to avoid losing money or making mistakes in your home or any real estate purchases. Avoid being fooled or scammed. Many times its hard to get out when you’re trapped. The money that was lost is hard to recover or maybe not at all.

A. Hire Real Estate Service Professionals

If this is your first time to buy and you think you are ready, seek the help of professionals. In the Philippines, real estate service is now a profession through RA 9646 or the Real Estate Service Act of 2009. There are now more than 31,000 licensed Real Estate Brokers and they will be happy to work with you in finding the real estate investment that you need according to your budget and preferences.

As real estate service is now a profession, you should hire professionals. You can search for them in this link . Or if you are searching on the internet, avoid those ads who only give phone numbers or ads that requires you to first register before they give you information. Illegal practitioners are hiding behind these numbers or aliases. You will be purchasing millions of peso worth of properties so it is best to check first who you are dealing with, his credentials and qualifications or expertise.  Here are the information that you need to check –  Full name, PRC License Number, HLURB (list of brokers and agents) Registration (for developers projects), Contact details and background of his expertise in real estate.

You will be hiring a real estate service professionals and will work for you to assist you in finding the home or real estate investment you need. And those investment could cost millions of pesos, so they should be well-qualified to assist you. The good thing, as a buyer you are not the one paying them but the seller from whom you will buy the property.

At HLURB (Housing and Land Use Regulatory Board), many complaints from buyers are mostly caused by poorly trained agents that developers recruit and train for few days then they are allowed to sell. Real Estate Salespersons now should be at least completed two years college and took 12 units CPE seminar to qualify to be registered with PRC and HLURB. Company IDs are not licenses. Look for PRC and HLURB IDs from the salesperson offering you real estate properties. Do not inquire from ads where you see only cellphone numbers. If they are legitimate practitioners, they should not hide their identities.

If you see agents using titles in their business cards, fliers or posts in social media that they are Real Estate Consultants (Who are Real Estate Service Professionals), Real Estate Brokers but without licenses indicated, they are most likely illegals. (Illegal real estate practice is punishable with fines and imprisonment).

Avoid headaches in purchasing home or real estate investment by dealing only with duly licensed real estate brokers and their registered salespersons. If you are talking to an agent, ask who is his broker and make sure you talk also to the broker to make sure that the transaction is in order. Be safe than sorry.

(Part 2 – Documentation – avoid fake titles)

Author : Genevieve Bonquin REB REA REC

Home Buying Process in the Philippines (Part 2)

How do I know if I can get a loan approval?

When cash is not enough to pay the house you want, the other option is to take out a loan from bank or if you are a PagIBIG member. Before you embark on a search for a house and save time, efforts and heartaches, it is best to know first if you can get a loan – be approved and how much.

Many buyers I encountered would look for house first without knowing if they can get a loan and how much. Then when they liked one, that’s the only time they will prepare their financial documents which most of the time takes time to secure like Certificate of employment. Then they submit these documents to the bank which also takes few days to few weeks. By the time they get approval, another buyer has bought the house they liked. They missed the chance and get disappointed.

In some cases, so that they get hold of the house they liked, the very aggressive broker would ask for earnest money. But processing of documents takes time before they can get approval or a letter of guarantee, then  their earnest money gets forfeited. It is fine if  they were able to get the approval and ask for extension. But what happens when you are disapproved? Or the amount the bank or PagIBIG allowed are much less than you expected? Are you prepared to add equity?

Best to request your bank for pre-approval so you know if you are qualified for home loan and for how much. The small fee that you will pay for application is nothing compared to the time wasted in looking for homes you think you can buy. When you know that you can make a loan and how much, then you can start looking on that range plus 20% or more because bank’s appraisal are always lower than selling price. You need to be prepared also to have cash for equity. For example, if you get a loan approval of P4M, then you search for homes that costs not more than P5M. And you have to be ready for the difference of P1M plus the transfer costs and other fees, which starts at 3%  plus bank charges.

What are possible reasons why you may not get bank approval?

bank-approval

         1. No existing or past court case. If you know you had one, get court clearance.
2. No other existing bank loan, like car loan or your credit card balances. If you still have those loans or always have remaining balances in your monthly credit card payments, that affects your loanable amount.
3. If you have existing loan and you have good paying record, you can still get a loan provided your income can support the monthly amortization of both loans.

How do I know how much loan I can get?

         Normally, the bank computes your loanable amount based on your disposable income from 30% to 40%. Depending on their evaluation, they can increase or decrease your loanable amount. It is your disposable income versus your monthly amortization. In the case of PagIBIG, they have a table of salaries with corresponding amount you can get.

Other expenses you need to include in your housing loan budget 

When you apply for bank loan, check also how much are the bank charges, plus you need to pay for transfer of title to your name before they release your loan proceeds. As a buyer, documentary stamp tax (1.5%) based on your deed of sale are for your account. Transfer tax to be paid to Treasurers Office is between .5% to .82% depending on the city or municipality where the property is located. At the Registry of Deeds, around .5% too plus IT Fees.

If you need assistance on bank loan, please feel free to approach this author. Would be happy to assist you!

 

Apartment For Sale in Sea Residences , Mall Of Asia

Photo Link
Furnished with 1 Parking!

•  28 sq. m., 1 bath, 1 bdrm apartment – $80,000 USD. P4M RUSH!

– RUSH SALE! Fully furnished 1 BR with Balcony and 1 Parking only at P4M! Clean title!

Located at Tower B facing Makati Area. All you do is move in with your personal things! For investors, rental rates is from P22T per month!

Parking alone already costs P1.3M. The unit is P2.7M only but seller wants to sell the unit with the parking included. Still negotiable!

RECREATIONAL FACILITIES AND AMENITIES

Multi-purpose / Function Room
Pool Deck Area and Wet Play Area
Children’s Play Area
Toddler’s Wading Pool and Kiddie Pool
Vast Garden Space
15-meter Lap Pool, 20-meter Lap Pool and 25-meter Lap Pool
Modern Tropical Garden
Provision for Spa and Gym

BUILDING FACILITIES AND SERVICES

Chambermaid Services (Maintenance and Housekeeping)
Vast Modern Australian Tropical Landscape Area
70% of the Units have Balconies
Automatic Fire Detection and Alarm System
Stand-by Generator Set for Common Areas, Select Residential Outlets
Natural Ventilation for Hallways
Sufficient Fire Exits
Environmental Feature of Rain Water Collection for Landscape Watering
Centralized Cistern Tank
Sewerage Treatment Tank

Property information