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How to Register your Sim Card


How to register: What SIM owners need to know.

SUBSCRIBERS of Globe, Smart or DITO have six months to register their SIM cards to avoid the deactivation of their existing numbers.

SIM cards that will be sold starting today will be in a "deactivated mode."

Registration is free.

Also covered by the registration are embedded SIMs, broadband modem and internet-of-things devices.

Globe subscribers are advised to visit https://new.globe.com.ph/simreg.

They can also use the Globe One app in order to register starting January 2023.

Smart advised subscribers to log-on to https://smart.com.ph/simreg

DITO subscribers can open the https://dito.ph/Register DITO or go to the Dito app.

Among the information required of subscribers are their full name, birthday, sex, present or official address, an identification card and ID number.

Documents that can be used to verify identification are valid passports, a Philippine Identification System ID, SSS or GSIS ID, driver's license, NBI or police clearance, firearms' license to own and possess ID, senior citizen card, voter's ID, UMID; PWD card, and IDs issued by the PRC, IBP, OWWA and BIR.

SIMs that are under a business or a company must provide the business name and address, and the full name of the authorized signatory.

Foreigners with Philippine SIM cards must present their full name, nationality, date of birth, passport, address in the Philippines, type of travel or admission document, and ID number or number of documents presented

SIM cards held by foreigners will only be valid for 30 days. They can be extended upon presentation of a valid and approved visa extension.

Minors will have their SIM cards placed under their parent or guardian's name.

They must present an ID including that of the minor's parent or guardian.

Postpaid subscribers are already considered registered, but they must confirm the existing information and data with their telcos.

If a subscriber lives in a remote area or has limited technology, the Department of Information and Communications Technology, along with the National Telecommunications Commission, Department of the Interior and Local Government, and Department of Education, as well as all telcos, will help them register.

Until when is the SIM registration in the Philippines?

All existing mobile phone and broadband subscribers are given until April 26, 2023 to register their SIMs with their respective telco. The Department of Information and Communications Technology (DICT) may extend the registration period for 120 days, though this has yet to be confirmed. Great!

How many months can a Sim be inactive?

When is a SIM card considered inactive? 

A SIM card is deactivated when it has not been used in the last 6 months.

If a SIM card is stolen along with the phone, the owner must immediately inform the telco and provide the following details: name, address, birthday, mobile number, and other relevant and reasonable information that can prove that the owner lost the SIM.

What happens if SIM card is not registered?

If you are getting the not registered on network error on your Android device, then it simply means that the Sim card of the phone is unable to connect to the carrier's network. And, due to this error, you won't be able to receive or make calls and text messages.

NEW & VIEWS
By benchvlogBRM

UDH COMMONWEALTH



Affordable Condo in Quezon City are now Open for Reservations!


Deca Homes Commonwealth
PRE-SELLING
INTRODUCTORY PRICE

Available Units:
•Studio - ₱1.6M (20.92sqm)
Reservation fee- ₱8,000

•1 BR - ₱2.1M (26.60sqm)
Reservation fee- ₱8,000

•2 BR - ₱2.4M (30.60sqm)
Reservation fee- ₱10,000

•3 BR - ₱3.1M (39.29sqm)
Reservation fee- ₱15,000

๐Ÿ“Œ₱100K SPECIAL INTRODUCTORY DISCOUNT FOR THE 1ST 100 RESERVED UNITS!

Nearby At:
•Commonwealth & Litex Market
•MRT 7 ( Manggahan Station )
•Commonwealth Main Brgy. Hall
•Schools
•Hospitals
•Church
•Malls

RESERVE YOUR DREAM HOMES.

✓Pwede sa Pag-ibig Financing
✓ In House Financing

For more details, Inquire Now!
๐—ฆ๐—˜๐—ก๐—— ๐—จ๐—ฆ ๐—” ๐— ๐—˜๐—ฆ๐—ฆ๐—”๐—š๐—˜ ๐—™๐—ข๐—ฅ ๐— ๐—ข๐—ฅ๐—˜ ๐——๐—˜๐—ง๐—”๐—œ๐—Ÿ๐—ฆ ๐—”๐—ก๐—— ๐—ฆ๐—œ๐—ง๐—˜ ๐—ง๐—ฅ๐—œ๐—ฃ๐—ฃ๐—œ๐—ก๐—š!
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What is RESA LAW?



Real Estate Service Act or RESA law: What you need to know

Buying a property is a life-long dream for many people in the Philippines, but it involves a considerable amount of money- the reason why many home-buyers/investors are so careful in transacting with just anybody. That is why the government ensures that the real estate profession is well regulated here in the Philippines, and that the people who introduce themselves are real estate professionals are licensed (like architects, lawyers, doctors, engineers, etc.). This is the primary objective of the Real Estate Service Act of the Philippines, more commonly known as the “RESA Law”.

What is RESA law?

Republic Act No. 9646 or the Real Estate Service Act of the Philippines, which is more commonly referred to as the RESA laws the law that protects the rights of those who call themselves as real estate professionals. This said law took effect on July 30, 2009 and it deals primarily with the acts considered to be real estate services, the penalties corresponding to violations of its provisions and the qualifications of those who may practice the profession. Furthermore, the law is meant to prevent the practice of “colorum” agents and also property sellers who are still patronizing to the so-called freelance illegal property agents to avoid paying taxes and proper commission rates.

Before the RESA Law was introduced in 2009, all real estate brokers were licensed under the Department of Trade and Industry (DTI). When the law was passed, the role of regulating the profession was handed to the Professional Regulation Commission (PRC). However, those already licensed under the DTI are still eligible to get a license from the PRC without taking the Real Estate Broker Licensure Examination (under the so-called grandfather clause).
What can be considered as “engaging in the practice of real estate service”?

Based on Section 27 of the RESA Law, acts constituting the practice of real estate service are as follows:

“Any single act or transaction embraced within the provisions of Section 3(g), Rule II hereof, as performed by real estate service practitioners, shall constitute an act of engaging in the practice of real estate service.”
” Furthermore, Section 3(g) states that:

“g. “Real estate service practitioners” shall refer to and consist of the following: 

(1) Real estate consultant – a duly registered and licensed natural person who, for a professional fee, compensation or other valuable consideration, offers or renders professional advice and judgment on: (i) the acquisition, enhancement, preservation, utilization or disposition of lands or improvements thereon; and (ii) the conception, planning, management and development of real estate projects.

(2) Real estate appraiser – a duly registered and licensed natural person who, for a professional fee, compensation or other valuable consideration, performs or renders, or offers to perform services in estimating and arriving at an opinion of or acts as an expert on real estate values, such services of which shall be finally rendered by the preparation of the report in acceptable written form.

(3) Real estate assessor — a duly registered and licensed natural person who works in a local government unit and performs appraisal and assessment of real properties, including plants, equipment, and machineries, essentially for taxation purposes.

(4) Real estate broker – a duly registered and licensed natural person who, for a professional fee, commission or other valuable consideration, acts as an agent of a party in a real estate transaction to offer, advertise, solicit, list, promote, mediate, negotiate or effect the meeting of the minds on the sale, purchase, exchange, mortgage, lease or joint venture, or other similar transactions on real estate or any interest therein

(5) Real estate salesperson – a duly accredited natural person who performs service for, and in behalf of a real estate broker who is registered and licensed by the Professional Regulatory Board of Real Estate Service for or in expectation of a share in the commission, professional fee, compensation or other valuable consideration.”

Who are exempted from the RESA Law?

Section 28 of the RESA law stipulates who are exempted from the said law:Owners of real property are not required to have a license in order to sell their own property. However, real estate developers are not included because they are regulated by the Housing and Land Use Regulatory Board (HLURB).
Trustees in bankruptcy or insolvency proceedings.
People who act pursuant to court orders and duly constituted attorneys that are authorized to negotiate the sale, mortgage, lease, or exchange of real estate.
Public officers who performs such acts in line with their official duties. Except that government assessors should have a license.
What is prohibited?

Let me quote Section 29 of the RESA Law below:

“SEC. 29. Prohibition Against the Unauthorized Practice of Real Estate Service. No person shall practice or offer to practice real estate service in the Philippines or offer himself/herself as real estate service practitioner, or use the title, word, letter, figure or any sign tending to convey the impression that one is a real estate service practitioner, or advertise or indicate in any manner whatsoever that one is qualified to practice the profession, or be appointed as real property appraiser or assessor in any national government entity or local government unit, unless he/she has satisfactorily passed the licensure examination given by the Board, except as otherwise provided in R.A. No. 9646 and the IRR is a holder of a valid certificate of registration and professional identification card or a valid special/temporary permit duly issued to him/her by the Board and the Commission; and, in the case of real estate brokers and private appraisers, they have paid the required bond as provided for in R.A. No. 9646.”
What are the penalties for violating RA 9646?

Section 39 stipulates that licensed real estate professionals who are proven guilty of violating of the said law, shall be penalized with a fine of not less than Php100, 000.00 or imprisonment of not less than two (2) years. However, if the offender happens to be unlicensed, the penalty shall be double (that would mean Php200, 000.00 or imprisonment of not less than four (4) years.

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The information set forth on this site is based upon information which we consider reliable, but we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, or withdrawal without notice. All dimensions and valuations are approximate and have not been verified.

MANILA STAYCATION

STAYCATION BA HANAP MO?
Very affordable Condotel only located at  Tondo Manila yet the safest place you can experience because the place is heavily guarded with a very strict rules . Plus their elevators are operated by the RFID, which means you can’t use it without the RFID that will be given to you by the owner of the unit. Try it yourself guys, you will definitely enjoy it with your family and friends. Staycation at its best of all the best.Only in Philippines. More fun in the Philippines. Yet all the glory to God alone.

FOR BOOKING AND RESERVATIONS
CALL OR TEXT 0932 352 6029

URBAN DECA TOWERS CUBAO


URBAN DECA TOWERS CUBAO

The MOST Affordable Condo in Cubao Quezon City

Get your unit for as low as 4,000+ monthly.

Project Details
  • 45 Storey Building
  • 43 Residential Floors, 2 Commercial Floors
  • 7 Parking Floors
  • 12 Elevators
  • Pre Selling Property
INQUIRE NOW!
MOBILE HOTLINE/VIBER/WHATSAPP/TELEGRAM
+63995203699

URBAN DECA TOWERS MANDALUYONG EDSA



Urban Deca Towers Mandaluyong Edsa is providing you easy access to everything that you need. 

 Its proximity to main business districts and cities make your life extraordinary.


Address: Sierra Madre Avenue. Deca Tower Edsa, Mandaluyong. (along EDSA)


Unit Size: 13.6 sq.m.
Unit per Floor: 28 units
Total Units: 1,148 units
Land Area: 900 sq.m
Total Floor Area: 25,375



NO DOWN PAYMENT PROMO


๐™‹๐™„๐™‰๐˜ผ๐™†๐˜ผ ๐˜ผ๐—™๐—™๐™Š๐™๐˜ฟ๐˜ผ๐—•๐™‡๐™€

๐™๐™€๐™‰๐™ ๐™๐™Š ๐™Š๐™’๐™‰ ๐˜พ๐™Š๐™‰๐˜ฟ๐™Š,

๐™‡๐™„๐™‹๐˜ผ๐™ ๐˜ผ๐™‚๐˜ผ๐˜ฟ!

✓ ๐™‹๐™ž๐™ฃ๐™–๐™—๐™–๐™—๐™–๐™ฃ๐™œ ๐™™๐™ค๐™ฌ๐™ฃ๐™ฅ๐™–๐™ฎ๐™ข๐™š๐™ฃ๐™ฉ ๐™ฅ๐™ฌ๐™š๐™™๐™š ๐™ฅ๐™–๐™ฃ๐™œ ๐™ž๐™ฃ๐™จ๐™ฉ๐™–๐™ก๐™ก๐™ข๐™š๐™ฃ๐™ฉ!

✓ Also Availble ๐——๐—œ๐—ฅ๐—˜๐—–๐—ง ๐—ฃ๐—”๐—š๐—œ๐—•๐—œ๐—š!

✓ ๐—ฆ๐—” ๐—œ๐—ก-๐—›๐—ข๐—จ๐—ฆ๐—˜ ๐—™๐—œ๐—ก๐—”๐—ก๐—–๐—œ๐—ก๐—š ๐—Ÿ๐—œ๐—ฃ๐—”๐—ง ๐—”๐—š๐—”๐—— ๐—œ๐—ก ๐—Ÿ๐—˜๐—ฆ๐—ฆ ๐—ง๐—›๐—”๐—ก ๐Ÿณ ๐——๐—”๐—ฌ๐—ฆ! 

Available Units :

STUDIO TYPE (22.95sqm)

5K RESERVATION FEE
Monthly Amortization Ranges 12K to 18K


1BEDROOM (27.42sqm)

5K RESERVATION FEE
Monthly Amortization Ranges 13K to 19K


2BEDROOMS (30.60sqm-45.90)

10K RESERVATION FEE
Monthly Amortization Ranges 15K to 25K

Easy Requirements and Process

✓ In-house Financing

✓ Pagibig Financing

For more details and inquiries, Call or Text
Mobile Number/Viber/WhatsApp/Telegram
+639915203699

Urban Deca Homes Manila




ABOUT URBAN DECA HOMES MANILA

Urban Deca Homes Manila is a 13 building medium rise affordable housing project in Tondo, ideal for growing families who want to stay near their current family homes. It is ideal for those working in the Port Area & Divisoria. It is also an alternative for renters who can use thier money as down payment for their own unit.

UDH Manila Embrace a world’s of living of much less but good life, Urban Deca Homes Tondo Manila, the rising underserved with a community of authentic and rich Filipino Culture, the after sought local in the heart of Manila which Tondo. Discover true and heartwarming people of Tondo Manila.

Urban Deca Homes Tondo Manila possibly the most practical choice community with its practical top security features, amenities and facilities, lowest equity option, low monthly amortization and supported by government housing finance institution.

No compromises. So enter, experience and embrace the best of both worlds only in Urban Deca Homes Tondo Manila.

Each unit at Urban Deca Homes Manila has spacious areas for living, dinning and kitchen areas. The two bedroom units, for example, is 4.5 meters wide and 7.25 meters long. This wide space is truly favorable for starting and upgrading families and for young professionals who want to start a family on his own. Every space at the Urban Deca Homes Tondo Manila will shape your destiny and it is a great starting point.

AMENITIES AND FACILITIES


Set against the majesty of Manila Bay near the Harbour Center Port Terminal, Inc., the elegant Urban Deca Homes Tondo Manila will be your new home in the city. Let this urban sanctuary engulfed in lush greenery amidst the concrete jungle of the city be your new beginning of a more pleasurable living.

- Community Mall

- Multipurpose Hall

- Basketball Court

- Swimming Pool

- Pocket Parking

- Children's Playground

- Entrance Gate with Guard House

- Perimeter Wall

- Concrete Roads

- Mailbox Per Building (for unit owners)

- Admin Office / Property Management

MODEL UNITS

There are different unit options for buyers interested in purchasing a property in the Urban Deca Homes Tondo complex. The first one is the studio unit, which clocks in at 22.95sqm. The second option is the one bedroom unit which offers 27.42 sqm of total floor area. The third option is the two bedroom unit which clocks in at a total floor area of 32.17 sqm, Fourth option is the two bedrooms 34.42 sqm, Fifth options is the 30.60 sqm and finally, there is the two bedroom unit which offers a total of 45.90 sqm of big living space.

CONDO TYPE:

STUDIO

Floor Area: (22.95 sqm)

Package Price

(inner units) 1,790,000.00

(outer units) 2,057,000.00


1 BEDROOM

Floor Area: (27.42 sqm)

Package Price

(inner units only) 2,102,000.00


2 BEDROOMS

Floor Area: (30.60 sqm)

Package Price

(inner unit) 2,383,000.00

(outer unit) 3,151,000.00)


2 BEDROOMS

Floor Area: (34.42 sqm)

Package Price

(inner units) 2,601,000.00

(outer units) 3,151,000.00


2 BEDROOMS CORNER UNITS

Floor Area: (32.17 sqm )

Package Price

(outer units only) 3,135,000.00


2 BEDROOMS

Floor Area: (45.90 sqm)

Package Price

(outer units only) 3,550,000.00



Unit Deliverables

- Finish TYPE

- Tiled Finish Flooring (Interior)

- Tiled Finish Flooring (T&B)

- Painted Wall (Interior)

- Tiled Wall (T&B)

- Aluminum Windows with clear glass

- Kitchen countertop, sink and base cabinet

- Toilet and bath fixtures(shower, water closet and lavatory with faucet)

- Equipped with sprinkler system and smoke detector



NEARBY Unibelt Universities
° University of Santo Tomas
° Asian Institute of Computer Studies
° Pamantasan Universidad ng Manila
° Universidad de Manila
° Far Eastern University
° University of the East
° Centro Escolar University
° Mary Johnston College of Nursing
Other Public and Private Schools

MALLS / COMMERCIAL BLDGS
° Deca Mall Tondo
° 168 Shopping Mall
° SM Mall of Asia
° Ayala Malls Sampaloc

CHURCHES
° San Pablo Apostol Parish
° Iglesia ni Cristo - Lokal ng H. Lopez Blvd.
° Archdiocesan Shrine of Sto. Niรฑo de Tondo
° San Rafael Parish

HOSPITALS
° Tondo Medical Center
° University of Santo Tomas Hospital
° Chinese General Hospital and Medical Center
° Philippine General Hosptal

Urban Deca Homes is an affordable condo housing project that caters mostly for those who are working in Divisoria, Port Area and the students that are studying in nearby uni-belt schools. The project is specifically located along Vitas St. and Velasquez St., Tondo Manila. This neighborhood is currently oe of the most peaceful parts of the district of Tondo, where the landscape is now modified to give this condo community a natural look and feel. With its amenities rivaling those high-end communities within the metro, you are sure that the kids will enjoy every moment on this immaculate dwelling place.



Are All Properties Rent-to-Own?




Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, real property, and engagement rings, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during the agreement. by Welkipedia

Lease purchase agreement A rent-to-own transaction differs from a traditional lease, in that the lessee can purchase the leased item at any time during the agreement (in a traditional lease the lessee has no such right), and from a hire purchase/installment plan, in that the lessee can terminate the agreement by simply returning the property (in a hire purchase the buyer has a limited time, if any, to cancel the agreement).[1] The usage of rent-to-own transactions began in the United Kingdom and Europe, and first appeared in the United States during the 1950s and 1960s.[2] While rent-to-own terminology is most commonly associated with consumer goods transactions, the term is sometimes used in connection with real estate transactions.[3] The newest law coming into effect known as "Physical control" is a progression towards owning something such as a parcel of land.

There are different ways to buy real estate like there are different properties, and knowing the differences can help better make buying possible. When purchasing a home, there’s a number of payment or financing options that buyers can make use of. Apart from home loans, which are typically government funded or offered by private banks, there are also choices to rent-to-own or to pay via in-house financing.

Understandably, the two only respectively apply to properties put on the market as for-rent-to-own, or are brand-new and being sold by the developer. Nonetheless, these are viable options when available, often offered on properties listed for sale online or featured in housing fairs. With the possibility of a great property buying opportunity just around the corner, it is beneficial to know how either of the two can help one acquire a dream home.

Rent-to-Own Rent-to-own or lease-to-buy is an agreement that guarantees a renter the option of buying a leased property within a pre-arranged duration. Basically, it is being able to rent a home while working toward buying it later on. A well-drafted contract is a key in buying via a rent-to-own scheme, where it must be ensured that both parties agree to all terms. These include rental rates plus a rent-to-own premium, purchase date, duration of the lease term, actual sale price, and other essential clauses. Renting-to-own is suitable for buyer who cannot afford to payor a huge down-payment in one go and to save for it during the duration of the lease—which normally lasts for two or more years—while also significantly paying off a part of the property’s price, and also build their creditworthiness for a better chance of being approved for a housing loan with better terms.

An advantage of renting-to-own is that the buyer can lock the property’s present price even though the actual purchase may happen after the end of the lease term. Also, in the event that the buyer finds the property or the neighborhood unsuitable, he or she can also decide to leave the property at the end of the lease term and look elsewhere. Expectedly, there are also some caveats to renting-to-own. For one, it is commonly stipulated in most rent-to-own contracts that a lessor/buyer pay a rent-to-own premium on top of the monthly rent, and amount of which is paid towards the down-payment at the time the lessor is to buy the property. For example, if the monthly rent of a certain condo in Makati is Php30,000, the rent-to-own contract may stipulate the lessor/buyer pay an additional Php10,000 per month as a rent-to-own premium. If the lessee has paid 24 months of this premium, then that is an accumulated Php240,000, which is credited as part of the down payment.

Another stipulation of a lease-to-own contract is the possibility of premium being forfeited if the buyer/lessor backs out before the end of the lease term. In-House financing buyers who want to pay for brand-new properties in a series of installments but not go the regular route of taking out a loan from a third-party institution like banks and other lenders, real estate developers also offer in-house financing. Technically in-house financing is not considered a loan but an extended way of payment. The application is easy as developers are generally less stringent than commercial banks; with just valid identifying documents and substantial proof of income commonly enough to apply and be approved for in-house financing. It must be kept in mind that this usually applies to pre-selling projects, but hardly for move-in-ready units. Another drawback is it commonly has steeper interest rates and shorter payment terms, which are significantly above the normal range common to banks. The duration for payment is also shorter than the usual 10 to 15 years offered by banks, and of course the up to 30 years offered by the Pag-IBIG Fund / HDMF.

For Sample Computation /quotation, Send us an inquiry or set an appointment to visit our model units! Contact Us @ 0991 520 3699

What are the Advantages of Buying PRE-SELLING CONDO?




Here are some of the benefits of buying real estate during its pre - selling stage:

If you are an aspiring condo home buyer who is actively searching for properties for sale in listing websites, online social media, or if you are actively on the rounds attending open houses, online forums you may have probably encountered the word pre selling at some point.

What is a preselling property and what are its advantages?

Pre - selling, or off-the-plan properties as it is more commonly known in the West, are pieces of real estate—either condominiums, townhouses, or a house and lots - that are being sold by a real estate developer in advance before their actual completion.

What is a “Pre-Selling” condo?

In real estate, a pre-selling condo is a condo being sold before its completion, during its construction, or while still in the planning stages. These mean that the property still does not exist and the developer is yet to break ground for the project. At this point, it seems that opting to buy a pre-selling condo would be like throwing money into a hole yet to be dug. The question really is not whether to buy or not to buy a pre-selling condo, but what are the risks? What makes people take those risks? 

What makes pre-selling properties attractive and even seductively desirable?While it may seem unconventional to a condo home buyer to buy a property that does not yet exist (save for actual site where the property will be built and a blueprint), presold properties afford homebuyers many advantages, such as discounted prices and the first pick of the best locations and/or units. In this article, we have put together a list of benefits of buying properties while they are still in its preselling stage.

Pre - selling Properties Are Normally Cheaper

In the absence of the physical unit, pre - selling properties are normally sold at a cut-rate price of 30–50 percent off compared to the price of a finished unit. Aside from its affordable introductory price, many property developers offer flexible payment schemes and even BIG DISCOUNTS on the down-payment price for their pre - selling projects. These developers also offer in-house financing in the event that the condo home buyer fails to qualify for a bank housing loan.
They Give Buyers the Best Unit Options.

In buying pre - selling properties, buyers are granted a privilege to choose their ideal lot or unit location at an early phase, usually during the project launching stage. When buying a condominium unit during the project’s pre - selling stage, the buyer is given the opportunity to pick the best unit, such as those facing the best direction and located on the perfect floor, or even one of the best units that are normally reserved for repeat customers. Some condo units are just highly sought-after either because they offer great views or they come at the right size that are highly attractive to future renters. Once Completed, They Can Provide a Steady Source of Income

Speaking of renters, once the property is completely done and is now ready for occupancy, the buyer can opt to rent it out, and through this, the buyer earns a steady cash flow. If buying a condo property to have it rented out after completion, it makes sense to buy a pre - selling one, especially during the project’s earliest stage, as it affords buyers the first pick of units—those that will be loved by future tenants. Alternatively, the buyer can also make more from his or her property by selling it once completed, by which time the property has increased its value.
They Are an Excellent Investment Option

Advantages of buying Pre-selling condos
Cheaper prices, flexible payment schemes, promising investment

Many buyers go for the pre-selling option, largely because of its lower introductory price, which can be (more or less) 30% cheaper than a finished unit. On top of that, developers might throw in a 10%-15% discount or offer flexible payment schemes where the down payment can be as low as 10% payable for 3 years (with most real estate companies), with the lump sum to be paid either through a bank financing, government sponsored home loan, or the developer’s in-house financing options.

If you are a real estate investor, pre-selling condos are a promising investment since their market value can increase by the time they are finished. Given favorable market conditions, you can resell the finished units for q higher price than you put down when they were in the pre-selling stage.The value of real estate, especially well-located ones, appreciates over time. This is true for pre - selling properties. At the time of their completion, the value of pre - selling condos or house and lots have increased considerably, that the buyer can earn a profit by selling them in the secondary market. It is not uncommon to see condos bought five years ago, especially those in Makati or Bonifacio Global City, for just over Php3 million, that can now fetch double this amount in the secondary market.

Some Tips Before Buying

As a smart condo home buyer, you must be vigilant that any offer that comes with great advantages also carries some risks. One of the most drawbacks of buying a pre selling property is that there is a chance that the developer you signed up with might back out from the contract and may not be able to deliver the unit at all. If you are unsure of investing to pre sold properties but does not also want to miss its perks, make sure to buy only from reputable real estate developers, those who have a good track record with delivering quality properties on time all the time.

This article was research and contributed by Real Homes Team

Ask us today and we'll make your Day extra special!
Call or Text:  0991 520 3699 or email us at decahomesmanila@gmail.com

Advantages of Buying Ready for Occupancy


1% DOWN PAYMENT TO MOVE-IN!
LOWEST CASH OUT!


WHY CHOOSE READY FOR OCCUPANCY?

8 ADVANTAGES OF BUYING READY FOR OCCUPANCY CONDO

Ready for Occupancy units have several benefits which make them an ideal real estate purchase for investors and aspiring property owners.

RFO VS. Pre-Selling

RFO or ready-for-occupancy refers to house and lot, condominium or apartment units which are available to move in anytime you want. While pre-selling units seem to be practical due to its lower selling price, RFO units also present a lot of advantages and benefits which makes it more enticing.

1. You can already see the finished project

RFO units as its term suggests are fully-constructed and developed and are ready for turnover. Unlike in pre-selling units, for RFO, you do not have to wait for years before you can actually get to move into the unit, or if promises will really be fulfilled such as the turnover date.

Since RFO units are already available for move in, what you see is what you get. These are FIT TO FINISH OR BARE UNITS, so you get to let your imagination work (decors, furniture and all) and visualize your future home.

2. Ready for inspection

Condo hunting is fun especially if you get to see and experience the unit right there and there. This is also known as tripping. During the visit, you get to inspect the units actual size, its condition, cuts, features, view from the window, and even the quality of the materials and the work itself.

By tripping, you get to evaluate if the unit is according to your standards—aesthetically and practicality. You can even visit all your options and eventually select the one that suits your preferences and budget best.

Should you wish to redesign or renovate, you already know what you are working with, therefore making the planning process easier.

3. Move in as soon as payments and paperwork are settled

One of the best advantages of an RFO Unit is the ability to move in as soon as possible. Unlike pre-selling units wherein you will have to wait for years before you get to move in, in an RFO unit, as soon as all the paperwork and requirements are submitted and signed, and payments are already settled, you can immediately move in. This is ideal for relocating families and individual, expats, foreigners, and immigrants.

4. Avail discounts and The Lowest Downpayment

Pre-selling units are not the only ones who can get the best deals, lower selling price, and discounts. Some real estate companies, brokers and even owners offer discounts and move-in promos for those who will avail an Ready for Coccupancy unit, especially if it’s a rush sale. Choose the lowest down payment and minimal investment to start.

5. Flexible payment options

Most RFO units offer flexible payment terms including rent-to-own, which is also known as lease-to-buy. That way, you can move in right away, pay it every month until the entire amount has been paid off. NSJBI condo projects offers the lowest downpayment to move - in (5% is the minimal investment).

6. Utility services are available

If you are buying an RFO unit which has been previously owned, it probably already has available utilities such as water, electricity, telephone, internet connection and even cable so you won’t have to worry about applications and installations, just changing of the name.

7. Amenities can already be used

Nowadays, one of the selling points of a condominium or an apartment is its complete basic amenities. The more amenities there is, and the better the quality, it’s guaranteed to get a huge demand from the market, especially for pre-selling units. Some projects get sold out immediately because of how premium their amenities are.

What’s good in an RFO unit though, is you get to enjoy your private space while getting the privilege to use the amenities in your building. Some of this include a swimming pool, fitness center or gym, function hall, and more.

8. Ready-made investment

Investing in real estate is a good decision especially if it’s a residential property because you get to earn in various ways—sell it or lease it out short-term via Airbnb, or long-term. Renting it out via Airbnb is one of the fastest ways to earn.

All you have to do is to furnish the unit with the necessary furniture, appliances, and a little dรฉcor here and there. Once you’re done, you list it online, advertise, and prepare to cater to staycationers and tourists.

Also, if a Ready for Occupancy unit is located in a prime real estate location, chances are, it has already appreciated in value the minute you have acquired it. This can be beneficial to you because condominiums or apartments in a prime real estate area have better saleability, which gives you the chance to sell it at prime real estate rates.

Purchasing an RFO unit may cost higher and require a significant amount of down payment, but with all these advantages, it can be a good idea to consider buying one. Especially if you’re aiming to move in immediately.

ALWAYS CHOOSE THE LOWEST DOWN PAYMENT OR MINIMAL INVESTMENT TO START!

We recommend the condo properties of URBAN DECA HOMES MANILAas the lowest down payment as low as 5% to movec- in.

VISIT www.affordablecondoinmetromanilaph.com

SOURCE: Financial Coach, Personal experience.

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FOR INTERESTED BUYER/AGENT PARTNER,
EMAIL US @ @decahomesmanilagmail.com

How to Decorate Your Condo Efficiently




Basic Tips on How to Decorate Your Condo Efficiently

Getting decorating ideas and inspiration is the fun part, especially now that we can easily draw inspiration from Pinterest or other decorating blogs. But after taking note of the styles you want, how do you make it happen? That’s when it can get pretty overwhelming.

The key to decorating your space is to break it down into steps and develop a system for working. If you plan on decorating your living space by yourself, here are some tips on how to give your room a quick and efficient makeover:

1. Do your measurements.

This lets you know how much space you’re working with. Taking measurements helps prepare you for the next step, which is ordering your materials. Measuring properly ensures that you don’t order too much paint or wallpaper, or get the wrong size of furniture. Mistakes like these can be costly on your part.

2. Order everything in one go.

Once you’ve chosen all your paint, furniture, fabrics or other working materials, order them all at once if possible. Some of these materials will take longer to arrive so you need to get a head start. It’s a big inconvenience if you start working on your decorating while having to wait for certain materials to arrive.

3. Call in your decorating team.

Identify the professionals you need, like a painter, electrician, or upholsterer. Do some research or get referrals ahead of time so you won’t be scrambling at the last minute. When you’re rushing, you may not end up with the best person for the job.

4. Start with the floors.

If you’re planning to sand or stain your floor, or even put down carpeting, always start with this first. This is so you minimize any damage to your walls.

5. Install cabinets before you start painting.

If you’re decorating your bathroom, kitchen or any space that requires cabinet installation, do this first before you start painting. Doing it in reverse can cause damage or scratches to the paint job.

6. Hang your light fixtures.

After painting your room, you can start hanging your chandeliers, sconces or other light fixtures. Install these first before your drapes or anything else so they don’t get in the way.

7. Arrange your furniture.

If you can, prepare a floor plan of where your furniture will go. In case your plan doesn’t go as well as you’d hoped, don’t be afraid to experiment and move things around.

8. Add the accessories.

After all the furniture is in place, add your artwork, figurines, lamps and other decorative items like books and pillows. These small items add touches of personality to a room, so be unique and have fun!

This is a simple guide to decide INVESTING A CONDO OR A HOUSE & LOT?
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TIPS IN CHOOSING YOUR CONDO



Choosing a Family-Friendly Condo

When envisioning your family’s dream home, where do you see yourself? The big dream used to be one where you own a house and lot, but the current state of real estate, more and more families are considering high-rise living.


The real estate industry is developing at a fast-pace to meet the changing priorities of today’s modern people. Of course, people will always want their own house, but there is a growing demand for condominiums. The offer of affordable luxury living is extremely attractive after all. But contrary to popular belief, condo living is not just for young professionals. More and more families are choosing condos for their convenience and affordability.

The perks of living in a condo

Many people think that retirees and young people are better suited for condo living, but families can definitely enjoy the perks of high-rise living. Space is no longer a big concern as more condos adapt to the needs of a growing family.
In choosing a condo that suits your family’s needs, here are some things for you to consider:

1. Location

One of the main reasons why families choose to live in condos is for the convenience the locations offer. Because condos are built in strategic locations, family members can be closer to where they work or go to school. Most of these properties are close to malls, supermarkets, and other recreational areas as well. Some condos even have their own malls, which can really save families the time and the stress of the commute.

2. Security

Families can also rest easy with the security features available in condos. Condos are typically well-guarded, with security guards, receptionists, and doormen in the property. If you want additional security in your unit, you can easily talk to the management about additional locks or other security features.

3. Space and amenities

We tend to think of condos as a place more suited for young professionals, but new developments are made to be more family-friendly. These properties have more bedrooms and amenities like swimming pools, playgrounds, gaming areas, and so on. Space is not much of a concern as more condos provide plenty of moving room in gardens and open spaces.

4. Price

While price is a major factor in the buying process, it shouldn’t be the sole deciding point. After all, you’re investing on something for your whole family. Aside from the price, also think about what your family members prefer and need.

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LEGAL DOCUMENTS IN PURCHASING REAL ESTATE PROPERTIES

 
With the advancement of technology, properties for sale can be viewed online with just a touch of our fingertips. In a few clicks, we can check out the numerous properties’ details, photos, the sellers and their contact details without having to leave the comfort of our own home or condos. With such ease, there has been a rise in real estate interest, which eventually leads to investment and purchase.  

But despite all the advantages that technology brings, there are still some aspects of the property buying process that can’t be automated—the drafting, checking, and signing of legal documents just a few of them. In order to save time (and your hard-earned money) and to make sure everything that goes with the purchase will be put into writing, it’s better to keep yourself informed on the documents you will need.


1. Intent to Purchase Real Estate document or Letter of Intent

Once an ocular inspection of the property has been done and the title of the property has been checked with the Register of Deeds, a letter of intent to purchase a property must be made and sent to the seller. A non-binding document, the Letter of Intent documents the buyer’s tentative terms and conditions in regards to price, reservation fee or initial deposit, and financing details. Also included in a Letter of Intent is the detailed description of the property you are interested in.

If the seller accepts the terms and affixes his signature on the Letter of Intent, the seller is expected to reserve the property for you unless the conditions and terms on the letter have been breached.

An earnest money or down-payment must then be paid, securing your hold on the property within the time frame agreed upon between you and the buyer.

2. Contract to Sell


The Contract to Sell, a document that binds both you and the seller, is where all the final terms and conditions are stated. This will be issued to you by the seller after you have given your down-payment. In this contract, you are assured that the buyer will exclusively sell the property to you and will take it off the market. However, until the full payment for the agreed price of the property has been made, the ownership of the property remains with the seller. The Contract to Sell must be attested by a Notary Public.


SAMPLE


3. Deed of Absolute Sale


After you have given the full payment of purchase price to the seller and settled other fees with the proper government agencies, a Deed of Sale will be created, filed with the Register of Deeds, and issued to you. It is a notarized document that legally transfers the ownership of the property from the seller to you after all of the conditions have been met and executed. Indicated in this document are the names and signatures of both parties, the Transfer Certificate of Title number, the technical description of the property, and the agreed selling price.





4. Certificate of Titles

You will be provided a photocopy of the new title that certifies you as the new owner of the property indicated. This document is issued by the Register of Deeds of the city or municipality where the property is located. A Transfer of Certificate of Title will be given to those who bought houses and lots, while condominium unit buyers will be given a Condominium Certificate of Titles.


5. Tax Declaration

As the new owner of the property, you will request a Tax Declaration from the Assessor’s office. You will need to present the new title and a photo of the purchased property for it to be processed. Once this has been released under your name as the new owner of the property, all tax obligations will now be under you. Along with the release of the new Tax Declaration is the success of the transaction of property purchase.
YOU CAN VISIT PHILIPPINES BIR FOR TAX DECLARATION ASSISTANCE.

If you're ready to purchase your new CONDO HOMES, here's a list of properties for sale that might include your dream condo living lifestyle!


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Default Payment Applies for Maceda Law RA 6552



As the COVID19 pandemic affect the real estate industry. How can we applies the default payments?The government have to support the default payments specially on the pandemic.

The Bayanihan to Heal as One Act, officially designated as Republic Act No. 11469, is a law in the Philippines that was enacted in March 2020 granting the President additional authority to combat the COVID-19 pandemic in the Philippines.[1] The word "bayanihan" is a Tagalog word for communal work.


Defaulting Payments – Know Your Rights under Republic Act 6552 (Maceda Law)

REPUBLIC ACT NO. 6552
AN ACT TO PROVIDE PROTECTION TO BUYER OF REAL ESTATE ON INSTALLMENT PAYMENTS

Knowing your rights as purchaser of a real estate property under the Maceda Law, will mean a huge difference. It can mean losing everything you have put in for your investment, or getting at least 50% of it back, when for some reason on your part, you cannot continue with your installment purchase. So in this post, we will discuss the most important points in the Maceda Law that are relevant to a distressed real estate buyer.

WHAT IS THE MACEDA LAW?

The Maceda Law, also known as The Realty Installment Buyer Act or Republic Act 6552 is the law that lays out a defaulting buyer’s rights in the Philippines with regards to his purchase of a real estate property, whether it’s a condominium unit or a house-and-lot unit in a subdivision development. This was initiated by lawmaker Ernesto Maceda and has taken into effect on August 26, 1972.

WHO IT APPLIES TO

Today, more and more people in the working class, especially OFW’s are buying condominiums or house-and-lots in subdivision projects. But paying them in full in just one payment is just too much.

So practically, they opt to pay the equity by installment since developers’ or contractors’ installment equity payment schemes have become increasingly affordable. This is through stretching their equity payment or down payment stage to 20, 30, 40 months or sometimes even longer. Then they just take out a loan from their bank for the remaining balance since banks usually have lower interest rates compared to in-house financing.

If you have taken advantage of this convenience in acquiring your property, everything is okay as long as you can keep up with your payments. But times are not always good. There are times when we face difficult situations and times when we just can’t make the payments anymore.

If you come into this situation, the Maceda Law was passed to help protect you. It established the rights of a qualified buyer who can’t continue with his payments anymore.

Under the Maceda Law, there are two qualification categories of buyers accorded protection. These buyers are:
Under Section 3 of Maceda Law, a buyer with at least 2 years of installments
Under Section 4 of Maceda Law, a buyer with less than 2 years of installments


RIGHTS OF A BUYER

Section 3
where the buyer has paid at least two years of installments, the buyer is entitled to the following rights in case he defaults in the payment of succeeding installments:

To pay, without additional interest, the unpaid installment due within the total grace period earned by him, which is hereby fixed at the rate of one month grace period for every one year of installment payments made; provided that this right shall be exercised by the buyer only once in every five years of the life of the contract and its extensions, if any.

If the contract is cancelled, the seller shall refund to the buyer the cash surrender value of the payments on the property equivalent to fifty percent of the total payments made… Down payments, deposits or options on the contract shall be included in the computation of the total number of installment payments made

Section 4

In case where less than two years of installments were paid, the seller shall give the buyer a grace period of not less than sixty days from the date the installment became due.

If the buyer fails to pay the installments due at the expiration of the grace period, the seller may cancel the contract after 30 days from the receipt by the buyer of the notice of cancellation or the demand for rescission of the contract by a notarial act.


In other words, Section 3 of Maceda Law indicates that the buyer has a right to a refund and grace periods as long as the buyer has paid at least two years. However, if there’s still less than 2 years of installment payments made, the buyer is only entitled to 60 days grace period as indicated in Section 4.

More importantly, there is a section in the Maceda Law that protects the buyers from the fine prints of contracts imposed by the contractors or developers. These fines prints are oftentimes neglected by the buyers to review during the contract signing.

Section 7 of the Maceda Law states that:
Any stipulation in any contract hereafter entered into contrary to the provisions of Sections 3,4,5, and 6 shall be null and void.

This section emphasizes the overriding power of the Maceda Law against the contract made by the developer and the buyer.

FREQUENTLY ASKED QUESTIONS

The following questions have been commonly asked by our readers:

Does it apply when I’ve been paying to the bank already?

A common practice today is for the developers to require only the equity to be paid in installments. This equity or also called “down payment”, varies from 10% to 50% (usually 20%), depending on the developer or the particular development project. The remaining balance after the equity, will be shouldered by some financing scheme.

This financing scheme may be provided by:
Banks
HDMF (formerly PAG-IBIG)
“In-house Financing”, by the developer themselves
or other financing institutions

If you opt to pay your remaining balance using bank financing, that means you’ll be taking a housing loan from the bank.

When you start paying to the bank, that means you have already taken out your housing loan from them. When you took a loan from your bank, you basically borrowed money and then you used that money to pay the developer in full. But this all happened in the background and the money did not go through your hands anymore. The bank gave it straight to the developer. And this is what commonly confuses people.

So now, your property has been fully paid as far as the developer/seller is concerned. In fact, as far as the law is concerned, your property has been fully paid already. But your loan from the bank is what’s outstanding. Your debt is now to the bank — the money you borrowed, to pay the developer.

So the answer to the question on whether this Maceda Law will still apply, is no, it will not apply anymore. That’s because the property is technically, already paid in full.


Does it apply when I’ve been paying to PAG-IBIG already?

Please refer to the answer to the preceding question above.

My developer/seller is very slow or is already late in delivering the property, will Maceda Law apply if I back out from the purchase?

You check first when the developer is supposed to deliver the property to you — their supposed “deadline”. You may check your contract. Or you may also call your nearest HLURB office and check with them when is the deadline given to the developer, as indicated in their License to Sell for the specific project where your property is in.

After determining that your developer is at fault, you may file a complaint for recision of your contract and for total refunds plus damages, as appropriate, at HLURB.

But as far as Maceda Law is concerned, it is not the appropriate law to rely on, now. Read carefully the provisions of P.D. 957. This is what applies in cases like this.


My developer is for some reason, the one who’s at fault and I want to back out. Will Maceda Law apply?

The Maceda Law only assures 50% refund on all the payments you’ve made (or a little more as appropriate). If your developer is at fault, you should not ask for only 50% refund but for the entire amount you’ve already paid. You can even demand for damages as you deem fit.

If your developer is at fault, the provisions of P.D. 957 may apply; and/or the appropriate provisions of Book IV of the New Civil Code on Obligations and Contracts.

Below is the full text of the Maceda Law:

OTHER LAWS PROTECTING BUYERS OF REAL ESTATE IN THE PHILIPPINES

Further, there are other laws that protect the rights of condominium and subdivision property buyers such as The Condominium Act of the Philippines or RA 4726 and The Subdivision and Condominium Buyers’ Protective Decree or Presidential Decree 957 (more commonly known simply as PD 957).

Although both basically cover the same issue which is ‘refunds’, both laws cover different situations on how the refunds are supposed to be granted.

Depending on your situation, there are laws that protect you as a buyer. Know your rights and you don’t have to loose more money than you have to. You may not know it, but you might even be entitled to receive 100% full refund of all the payments you have made.


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TOP 5 REASONS WHY A CONDO IS BETTER THAN A HOUSE & LOT?




What is Condo?
Technically, a condominium is a collection of individual home units and common areas along with the land upon which they sit. Individual home ownership within a condominium is construed as ownership of only the air space confining the boundaries of the home.

Condos are popping up like mushrooms especially in the urban parts of the Philippines. They are the classy practical alternative of the expensive house & lot.

What is House and Lot
To simply put it, a house lot is a portion of land with an owner that was assigned to by a governing body. It is a long-term investment that owners can pass on to their children and other relatives. It is generally more spacious than other types of properties which serve as houses.

For those who are planning to buy a property but in a dilemma between buying condos and houses, here’s something to ponder on. Listed below are the top reasons why a condo is better than a house & lot.

1. Comfort and Luxury
Condos have first class amenities and great building features. Many may prefer a house and lot but condominiums are still good choices because of all the great perks that go with them. Such are comforts, luxury and security which make a condominium practical especially with those living a busy life. Amenities and luxury include fitness rooms, sky lounges, swimming pools and a lot more.

Though owning a house & lot may still be the initial tendency of many, having a condo already stands for one. Condominiums offer a similar kind of living; just without the long travel time to go to the city, repairing of fixtures and tending lawns or gardens.

2. Accessibility and Proximity
Acquisition of condos is now the latest trend in home-owning. Though it appeals more to singles, newlyweds or those with a small family, owning a condominium is practical. These days, many people in the Philippines look forward to experience city life. Those coming from the provinces mostly choose condominiums since they are more accessible to the city.

People who work in urban areas prefer condos than house & lots due to accessibility and location. Many developers in the Philippines such as New San Jose Builders Inc, build condos within cities. The condo’s strategic location – with easy access to commercial establishments, malls, entertainment areas, hospitals and schools – definitely offers trouble-free and hassle-free living.

3. City Workers’ Preference
Especially in the highly-urbanized places in the Philippines, daily long travel for working people is just stressful, tiring and less productive.

Those who live far from their offices may not be able to work overtime even if they want to, since they live far from work. Driving through heavy traffic every day is time-consuming. Commuting during nighttime can be difficult and dangerous. Thus, having a condo within the metro makes living in it more secure. Think about it, you also get security services included in the whole package.

4. Quick Reselling Features
Condos have quick-selling features. If the owner wants to re-sell the condominium in the future, its amenities, proximity, building features and lesser costs give it more chances for faster selling compared to a house and lot.

One of the condos’ best features is their location. Most houses are located far from business centers which can reduce the ease of access to major hubs. Condos are usually just minutes away from prime city hubs. Such can make a huge difference.

5. Wise and Sounds Investment
Condos in the city increase their values. Take for example:
New San Jose Builders Inc condominiums usually near malls, LRT / MRT. In the future, the owner can either rent the unit out or re-sell it. Thus, there is no need to worry about equities.

If one has to choose between a condo and a house & lot merely because of investment and not of occupancy, condominiums are more practical investments than a house & lot since they are less expensive.

In the long run, this investment type would also save the owner from stresses. Apart from less hassles in maintaining the property, he will be able to rest with the assurance that he has placed his bucks right where they would prosper.

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5 Quick Tips in buying Pre-Selling Condo



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