What You Need To Know About Real Estate

 Cebu Real Estate News, Real Estate FAQ, Real Estate Guide & Tips  Comments Off on What You Need To Know About Real Estate
Sep 202014
 

Tips On Successful Real Estate Investing

Tips On Real Estate Investing

Tips On Real Estate Investing

Whether you are a first-time home buyer or entering the marketplace as a repeat buyer, you need to ask why you want to buy. Are you planning to move to a new community due to a lifestyle change or is buying an option and not a requirement? What would you like in terms of real estate that you do not now have? Do you have a purchasing time frame?

Here are some real estate tips from Warren Buffett, the third richest human being on the planet, who spun quite a bit of wisdom on real estate.

1. Homes Increase In Value Over Time

“It’s a totally sound premise that houses will become worth more over time because the dollar becomes worth less,” Buffett declared.

Home ownership is asking the following questions :

Are you ready? Do you know what you want? Do You Have The Money? Less money down means higher monthly mortgage payments, so most home buyers choose to buy with some cash up front.

2. Buy Low (And Now Would Be a Good Time for That)

For many investors while buying low and selling high sounds great in theory, in practice it’s hard to implement. How does one know when an asset is priced cheaply? It’s not easy to know when assets are trading at bargain basement levels. But sometimes, knowing that something has dropped a lot is enough to make it a good investment.

3. Don’t Wait Too Long To Take Advantage of Low Prices

Pre selling stage, Is this a good time to buy your first home? It depends on whom you ask.

Do you have a stable job you expect to keep? Do you have money saved for a down payment and repairs? Are you likely to stay in the house at least five years? If you’re living in a one-bedroom apartment and expecting your second child, this may be an excellent time to buy a house, before you lose your mind unless the circumstances of your life and of your community make renting a better bet.

4. Important elements to look for in real estate investing

Searching for a new home to buy including all factors in buying a home in a different place is sometimes tiring. You are not only to focus on the home structure itself but as well to the location and the establishments nearby.

Time and time once again, the leading 3 requirements with the household purchasing procedure arrives again to area, place, and location. You must consider the following factors :

  • Net to Seller. Forget price. Don’t get hung up on price. What really matters is, according to the terms of the offer how much are you going to net. Many offers include the sellers paying all or part of the buyers closing cost. Every offer should be evaluated in terms of the net amount the seller is going to receive against the current market conditions and comprehensive analysis of the house against comparable properties.
  • Timing. Does the buyers offer fit well with the sellers parameters for timing. Timing is part of evaluating offers that many buyers and sellers don’t consider strongly enough, or in some cases may let a good offer fly bye because they will not consider.
  • Risk. Is the offer loaded with contingencies for every aspect of the prospective buyers purchase or has the buyer done their homework and answered many of their questions in advance of making the offer? Many factors enter into the risk assessment, including how hot is the property in the market place? In a buyers market, an offer in hand, maybe worth a little more risk than not having any offer at all.

HERE ARE A LIST OF ARTICLES YOU MAY KNOW ABOUT CEBUREALESTATEAGENT.COM

  • Can a real estate agent help me find a rental?
  • Advantages of condominium ownership
  • Investing in real estate rentals, most attractive ways of making good money

Basic Housing Loan Requirements

 Real Estate FAQ, Real Estate Guide & Tips  Comments Off on Basic Housing Loan Requirements
Sep 202014
 
Basic Housing Loan Requirements

Basic Housing Loan Requirements

Bank Housing Loan Requirements

Bank housing loan requirements and Pag ibig Housing Loan Requirements Philippines are important documents that a new housing loan applicants must know before engaging into investing in real estate rentals.

There are standard requirements asked from the applicant upon Loan Application and prior to Loan Approval.

Here are some basic documents required upon Loan Application:

  • Housing Loan Application (HLA) notarized with ID photo original copy
  • Approved Membership Status Verification Slip (MSVS) original copy
  • Certified true copy of Transfer Certificate Title (TCT) of the property by the Registry of Deeds (latest title)
  • Photocopy of updated Tax Declaration
  • Location plan and Vicinity map

PAG IBIG HOUSING LOAN REQUIREMENTS PHILIPPINES

If Employed or Self-employed:

  • Community Tax Certificate
  • Proof of Billing (original)
  • T.I.N. (Tax ID Number)
  • Latest pay slip of borrower and spouse (original)
  • 2 pcs HDMF Premium Contribution Certificate (original)
  • Marriage Contract or Birth Certificate (Photocopy)
  • W2 BIR form (photocopy)
  • 2 pcs Notarized Certificate of Employment with Compensation (original)
  • Post dated checks for down payment
  • 24 month Pag-ibig contribution for members. For non-members, pay 24 months contribution upon reservation

If OCW:

All of the above plus the following:

  • 3 pcs Notarized Special Power of Attorney (SPA)
  • Income Tax Return and W2 confirmation receipt for the last 2 years immediately preceeding date of loan application
  • Notarized Employment Contract and Employer’s Certificate of Income duly certified by employer.
    Note: All original

BANK HOUSING LOAN REQUIREMENTS

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 months)
  • Marriage Certificate (if married) (Photocopoy)
  • Proof of Billing
  • Post Dated Checks

If Borrower is permanently abroad:

  • Federal Income Tax Return (latest)
  • Bank Statement (for the last 6 months)
  • Special Power of Atty. (SPA) (consul authenticated)
  • Certificate of Employment with compensation (consul authenticated)
  • Proof of remittance
  • Business Permit (if self employed)
  • Marriage Certificate (if married)
  • Post Dated Checks
    Note: All original except marriage certificate

IN-HOUSE FINANCING REQUIREMENTS

Different Developers have different set of requirements so it is advisable to check with your Developer their own list of requirements.

In-house financing requirements is said to be of less hassle than Pag-ibig and Bank Financing. Usually the equity is lesser and moving in your acquired property is faster. Below are common requirements for in-house financing :

  • Credit Investigation Fee and Mortgage Redemption Insurance
  • Complete Post Dated Checks and other documents
  • Fire Insurance

FOLLOW THIS LINK FOR MORE REAL ESTATE TIPS 2012

 

Bank Housing Loan Requirements

Guide in Buying Real Estate in the Philippines

 Real Estate Guide & Tips  Comments Off on Guide in Buying Real Estate in the Philippines
Sep 122014
 
internet vs newspaper advertising

Your Guide In Buying Real Estate Properties In The Philippines

CEBUREALESTATEAGENT.COM is your Guide in Buying Properties in the Philippines. This site provides Real Estate Tips Selling Home for New Agents, Buyers, Sellers, Owners in Cebu Philippines. It provides Free House For Sale Listings of cheap and affordable pre selling and ready for occupancy homes or Houses, Condos or Condominiums, Beach Residential Farm Lots for sale and Private Properties or Real Estate For Sale By Owner in the Philippines.

If you are looking for real estate property in Cebu City, Mandaue City, Liloan, Consolacion, Cordova, Talisay, Minglanilla, San Fernando, Lapu lapu City, Bohol, and other part of the Philippines, you can find it here at Ceburealestateagent.com, your online source of real estate information. Cebu Real Estate Agent provides basic residential real estate home selling and investing tips for new agents, buyers and sellers in 2012-2013 that includes Investing in Real Estate Rentals which we consider as the most attractive way in making good money.

Cebu Real Estate Agent is an online resource that offers various Cebu real estate properties for sale. it offers house and lot for sale in Cebu, Talisay, Mandaue, Lapu-lapu, Mactan, Consolacion, Minglanilla, Liloan, Bohol and other areas. also offers condominiums for sale in Cebu, beach lots for sale in Cebu, memorial lots for sale in Cebu, commercial lots, residential lots and other real estate properties for sale in Cebu Philippines.

Cebu is one of the best places in the Philippines where people who are looking at Cebu real estate more as an option for leading their life rather than an investment option. Explore this site for you to find real estate tips 2012 important information and discover for yourself the opportunities that investing in real estate rentals can offer you.

Cebu can continously bank on its strong growth assets being located strategically in the country, as a transport hub, and a strong outward orientation such as large export manufacturing base, fantastic tourism attraction and the growing Business Process Outsourcing (BPO)sector.

With the Cebu real estate prices rising (as always), investing in Cebu real estate does seem like a great idea.

Thus, with this free house for sale listings and real estate tips 2012 provided in this site, one can start choosing the perfect property where all possible opportunities of getting a good deal can be earned without putting-in that much effort.

Welcome to Ceburealestateagent.com, your Guide in Buying Real Estate in the Philippines.

FOR MORE INFORMATION
(Payment Terms, Promos, Discounts, Updates, Site Viewing Schedules)
Please feel free to CONTACT US or
TEXT/CALL : 09228852455(Sun), 09155489732 (Globe)
EMAIL : admin@ceburealestateagent.com

Tips & Guide in Buying Real Estate Properties in the Philippines

 Real Estate Guide & Tips  Comments Off on Tips & Guide in Buying Real Estate Properties in the Philippines
Sep 122014
 

Tips and Guide in Buying Properties In The Philippines in 2012-2013

Residential Real Estate Investing Tips and Guide in Buying Properties in the Philippines in 2012-2013

Cebu Real Estate Agent Provides Residential Real Estate Investing Tips and Listings of Condominiums, Houses, and Lot For Sale in the Philippines. Ceburealestateagent.com is your Guide in Buying Real Estate Properties in the Philippines in 2012 and 2013.

Cebu Real Estate Agent provides comprehensive listings of cheap and affordable pre selling and ready for occupancy homes or houses, condos or condominiums, beach residential farm Lots for sale and private properties or Real Estate For Sale By Owner in the Philippines.

Post Free Real Estate Ads Online

Post A Free Ads online and get free exposure to millions of people searching for home. We have provided our visitors an easy navigation to all appropriate properties and a way to submit their own as provided in House for Sale by Owner page of this site. If you are a private person that wish to sell your property, please feel free to submit a detail of your property, Cebu Real Estate Agent is happy to help you in disposing it at the fastest time we can.

Comprehensive Listings Per Area

If you are looking for real estate property in Cebu City, Mandaue City, Liloan, Consolacion, Cordova, Talisay, Minglanilla, San Fernando, Lapu lapu City, Bohol and other part of the Philippines, you can find it here at Ceburealestateagent.com, your online source of real estate information.

Real Estate Tips 2012-2013 for Agents, Buyers and Sellers

Cebu Real Estate Agent also provides some basic residential real estate home selling and investing tips for new agents, buyers and sellers in 2012-2013 that includes Investing in Real Estate Rentals which we consider as the most attractive ways in making good money.

Ceburealestateagent.com is your guide in buying properties in the Philippines. Learn more about the latest Real Estate Tips in 2012 and 2013, selling your home and buying the best property that suits your need. Cebu Real Estate Agent is a complete listings of homes or houses, condos or condominiums, beach residential farm Lots for sale and private properties or Real Estate For Sale By Owner in the Philippines.

FOR MORE INFORMATION
(Payment Terms, Promos, Discounts, Updates, Site Viewing Schedules)
Please feel free to CONTACT US or
TEXT/CALL : 09228852455(Sun), 09155489732(Globe)
EMAIL : admin@ceburealestateagent.com

Residential Real Estate Investing Tips And Guide In Buying Properties In The Philippines In 2012-2013

About Cebu Philippines

 About, Real Estate Guide & Tips  Comments Off on About Cebu Philippines
Sep 042014
 

Cebu Real Estate For Sale Comprehensive Property Listings.

Get the latest update of the affordable, modern, beautiful houses in the Philippines real estate.

What You Need To Know About Cebu City Philippines?

About Cebu City Philippines – While the Philippine economy, as well as the giant economies all over the world, remains in a fragile state, Cebu’s economy on the other hand offers promising opportunities this year, something that Cebuanos should positively look forward to.

Cebu can continuously bank on its strong (growth) assets being located strategically in the country, as a transport hub, and strong outward orientation, such as large export manufacturing base, fantastic tourism attraction, and the growing Business Process Outsourcing (BPO) sector.

The City of Cebu (Cebuano: Dakbayan sa Sugbo) is the capital city of Cebu and is the “second city” in the Philippines with the second most significant metropolitan centre and known as the oldest settlement established by the Spaniards in the country.

A strong indication for this year’s encouraging economic growth for Cebu, is the rising trend of local tax generation, and huge revenues in investments, among others.

About Cebu Philippines

About Cebu Philippines Culture

Cebu City is a significant cultural centre in the Philippines. The imprint of Spanish and Roman Catholic culture is evident. Cebuano culture is traditionally characterized as a blend of Malay[4] and tradition with influences from Asian culture, Spain, and the United States.The majority of its population are Roman Catholic[5] and there are also some followers of Islam, Buddhism, Hinduism and among others.

About Cebu City Philippines Government

Cebu City is a highly-urbanized city, which makes itself independent from Cebu province despite being the seat of the provincial government centered at the Cebu Provincial Capitol.

Cebu City is governed by a mayor, vice-mayor and sixteen councilors (eight representing the northern and eight representing the southern region). Each official is popularly elected to serve for a three year term. The chief of the Association of Barangay Captains and the President of the Sangguniang Kabataan Federation also managed in the city council. The day to day administration of the city is handled by a city administrator.

About Cebu City Philippines Tourism

The Cebu City Tourism Commission is organized by the City Government as its implementing arm in the conceptualization and actualization of tourism related projects. It has also been commissioned control of application of licenses of tour agencies, operations, tour guides, hotels, restaurants and other related institution.

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About Cebu Philippines, What You Need To Know

How To Check If You Are Qualified For A Pag-IBIG Housing Loan?

 Featured Real Estate Posts, Real Estate FAQ, Real Estate Guide & Tips  Comments Off on How To Check If You Are Qualified For A Pag-IBIG Housing Loan?
May 282013
 
pag-ibig housing loan qualification

You can personally determine if you are eligible for a housing loan based on the following:

Your Pag-IBIG Membership Status

  1. You must be an active Pag-IBIG member for at least 2 years and has contributed a minimum of 24 monthly contributions.
  2. Both the principal borrowers are subject to the above mentioned requirement.
  3. Up to three Pag-IBIG Members may avail of a single housing loan (same collateral) provided they are related within the second civil degree of consanguinity.TIPS: If you have been moving from one company to another, always make sure that you consolidate your Pag-IBIG contributions past and present. Don’t be in a hurry to get a housing loan. You need to establish a good record so that your application will be easier by the time you do it. To re-activate your Pag-IBIG Membership is very simple: just pay for the monthly contribution.

Your Age

  1. You must not be more than 65 years old at the time of loan application.
  2. You must not be more than 70 years old at the date of maturity.
  3. You must be insurable.
    NOTE: Advanced age really is a hindrance to getting a housing loan. And take note that this is true whether you are using Pag-IBIG or any Bank.
    TIPS:If you can afford it, apply for a housing at a young age.

Your Capacity To Pay

  1. Pag-IBIG Housing Loan Interest
    As a general rule, your monthly amortization should not exceed one-third of your gross income. This is the rule used by many financial institutions when qualifying a loan applicant.
  2. Pag-IBIG Financing
    Your monthly amortization (principal + interest) should not be more than 40% of your Net Disposable Income.
    TIPS:

    • Have your finances in order by saving enough for the Down Payment (or Equity).
    • You need to show some proof of income. Prepare the following documents: Pay Slips, Income Statements, Employment Contract (with indicated salary).
    • If your income is insufficient, you may take on a relative (within the second civil degree of consanguinity) or your spouse and tack-in your contributions then apply for a housing loan.

Other Pag-IBIG Loans

  1. You are only allowed one Housing Loan at a time. If you want to take another one, you have to pay your existing loan.
  2. If you have previously availed of the housing loan, make sure that it was not foreclosed, cancelled, bought back, or subjected to dacion en pago.
  3. If you have an outstanding Multi-Purpose Loan, your payments must be updated and it must not be in arrears at the time of application.