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Real estate boom in Cebu to take peak in 2011 CEBU, Philippines – As big and small developers started to pour in their investments in 2010 to dramatically change Cebu’s real estate landscape, the year 2011 ushers in a new dimension of the industry’s boom. The renewed confidence of investors and market for the Philippine […]
What are the most common difficulties that agents or brokers experience with buyers? Common difficulties Silent objection – hesitancy of the prospect to express his objection thereby depriving the broker of the opportunity to answer or overcome it Presence of supposed advisers of the prospect who give negative remarks which tend to undermine the transaction Failure […]
HOW TO MAKE YOUR HOUSE SELL FASTER In order to sell your house fast, it is necessary to prepare the house for sale in order to sell fast even in a down real estate market. Here are a few things you can do when looking to sell your home. 1)Talk to a real estate broker […]
What are the Requirements for Bank Loan? BANK LOAN (General requirements of most banks, for specific, contact bank concerned.) If in the Philippines: * Income Tax Return (latest) * Certificate of employment with compensation * Business Permit (if self-employed) * Community Tax Certificate * T.I.N. (Tax identification Number) * Bank Statement (for the last 6 […]
Why is there a need of a Reservation Agreement when there is Contact to Sell, and why there is a need of a Deed of Sale when there is Contract Contract to Sell The Reservation Agreement pertains to the agreement that focuses on the terms and conditions on the payment of reservation fee. This is actually the […]
If I purchase a pre-selling condo or house and lot by monthly installment, what are the requirements and procedures if I want to sell it to a third party when the property is not yet fully paid. For pre-selling projects, the transaction always starts with a reservation fee and the document to be signed for […]
What are the requirements from Pag-ibig for loan application? PAG-IBIG LOAN If Employed or Self-employed: * Community Tax Certificate – This is easily secured at the City Hall, Barangay Hall. Your Real Estate Agent can help you secure this. * Proof of Billing (original) – Any utility bill like electric bill, waterbill, internet, insurance, etc. to show […]
What can be done if I have paid the lot propety in full but no contract to sell can be provided by the developer? “I purchased lot by 2 years installment without interest from a developer who promised contract to sell, but I have already paid the lot in full and it’s been more than […]
What is the standard practice in the sharing of expenses for the transfer of title? The following is the standard practice in the sharing of expenses between the buyer and seller when transferring the real estate property title to a new owner: ON THE ACCOUNT OF THE SELLER: Capital Gains Tax equivalent to 6% of […]
What is the procedure for the application of bank loans? Here are the steps in the bank financing of your house and lot unit in Fonte di Versailles 1) We will first check for the possible approval of your loan to ensure that before any payment is made like reservation or down payment, your application willo be approved. We will […]
