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Real Estate Decision

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1 Real Estate Decision on Thu Mar 14, 2013 1:26 pm

mikanp


Arresto Menor
Hello po,

I need your help/advice po sa situation ko ngayon. I bought po a condo last October sa SoleMare Park Suites, Tower C. Fully furnished at itturnover na po siya this December. Kaya lang po hindi ko pa po siya pwedeng tirhan kasi hindi pa po bayad yung 30%. Kung tuloy tuloy po yung hulog, matatapos ko siya sa April 2015. Kaya lang po gusto ko na po kasi siya bitawan kasi (1) mabigat po yung monthly and (2)nakabili ako ng rent-to-own condo (bare) sa Las Pinas.

Khapon po nakipagmeet up ako sa agent ko sa Solemare and he told me na wag muna daw kasi mabilis magappraise, and kung gusto ko daw pagdating ng December magloan ako sa bank for the rest of the 30% para magamit ko na yung unit or maparentahan.

Ang isa pa po kasing issue is yung 2nd condo ko na nabili is me baloon payment na mejo malaki at the end of the year. Eh sakto lang naman po kasi yung kita ko.

Kapag binitawan ko daw po yung condo, mejo malaki yung mawawala sa akin at hindi ko makukuha ng buo yung pera ko na nahulog (mejo me kalakihan na din po kasi) kay mejo nalungkot ako. Ano ano po ba ang mga ibabawas nila? And ano po bang magandang approach sa sitwasyon ko ngayon?

I can discuss po this in details pero hindi ko po alam kung how much yung consultation fee ng lawyer or kung tama ba na sa kanya ko itatanong to.

Yung Solemare po is maganda ang location kasi Bay City siya, yung second condo ko po ngayon is pang residential lang talaga (Royal Palm Villa).

Thanks po in advance!

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2 Re: Real Estate Decision on Thu Mar 14, 2013 5:41 pm

karl704


Prision Mayor
pwede mo ibenta yung 1st condo mo. Malaki nga mawawala kapag binitawan mo,more than half ng binayad mo.

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3 Re: Real Estate Decision on Thu Mar 14, 2013 6:28 pm

karl704


Prision Mayor
Kapag binitawan mo yung 1st condo mo,makakakuha ka ng refund of 50% of your payments plus additional 5% for every 5 years of payment,not exceeding a total of 90%. But take note that they will apply it on your payments for the principal and not on the interest payments; thus, it is not applied on your whole amortization payments. Say, for a 20k monthly amortization, around half of is applied to the principal amount, while the other half is for the interest. So, the percentage of the refund will only be applied to the other half.

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4 Re: Real Estate Decision on Fri Mar 15, 2013 2:04 am

mikanp


Arresto Menor
Thank you po, Arresto Menor.

Me mga kinausap po ako and they gave me an advice na wag na daw (muna) bitawan at magloan na lang sa bank pag malapit na yung December to pay for the rest of 30%, so pwede ko na daw maparentahan.

Actually kaya ko pa naman po bayaran yung dalawa. Kaya lang super tipid haha. Okay po ba na approach yun?

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5 Re: Real Estate Decision on Fri Mar 15, 2013 2:21 am

karl704


Prision Mayor
tama yun,dapat super tipid (delay your gratifications, konting tiis na lang)hehe.tpos paupahan mo nga.wag lang sana madelay ang turn over sa december kung hindi extended ang pagtitiis mo Very Happy

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6 Re: Real Estate Decision on Fri Mar 15, 2013 2:30 am

mikanp


Arresto Menor
Haha. Thank you po.

Eto pong 2nd condo ko is nakuha ko last month lang. rent to own po siya and I paid 50k+move-in fees. Ngayong month po ako magstart ng monthly payment ng 10k, and then for three years na ganun + 100k balloon payment every year. Pag tapos po ng 3 years lalaki na po siya kung hindi ko maloloan sa Pag-ibig. Pag halimbawa lang po na wag naman sana, eto ang bitawan ko soon, ano ano po ba ang idededuct sa akin, at anong fees po yung mga babayaran ko?

Salamat po talaga. Haha. Kakastress pala pumasok sa mga ganitong arrangements.

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7 Re: Real Estate Decision on Fri Mar 15, 2013 3:29 am

karl704


Prision Mayor
the same situation with condo 1 because it is also payable by installment.kya, maliit lang makuha mo. read the maceda law

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8 Re: Real Estate Decision on Fri Mar 15, 2013 3:38 am

mikanp


Arresto Menor
Ayun. NaGoogle ko na po yung Maceda law. Maraming salamat po sa tulong, Arresto Menor. Smile

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9 Re: Real Estate Decision on Fri Mar 15, 2013 3:41 am

karl704


Prision Mayor
anytime.goodluck Smile

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10 Re: Real Estate Decision Today at 4:17 pm

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