Bacolod City Home You Love

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Own a condo unit in Bacolod City for as low as 5k per month . Limited units only.

Amazing📣 Own a CONDO unit in BACOLOD for as low as 4K monthly, very limited units only, HURRY‼️
First come First serve📣

Probability to win the 6/58 lotto? 0.00000002%.

Probability to win in a real estate investment? 100%.

Dito na tayo sa sure win. 😉

A home is the single most important investment you'll ever make in life – whether you're buying or selling,
Filipino Homes can help you guide through the process that comes with real estate transactions.

Here are the tips every aspiring homebuyers need to know.

Be Safe. Talk to your trusted Realtor

Advantages of Buying Pre-Selling Properties:

The term “Pre-Selling” is popular these days in the real estate industry. It basically means the property you are buying is not yet built, you are buying something that is to be built or completed in the future.

There are many reasons why developers do “pre-selling.” Some developers do this to help finance the actual construction, while others to ensure that the property becomes sold out once it is completed. This practice is legal and acceptable but has certain conditions, like the procurement of License to Sell by these developers.

For some property buyers, especially the first time buyers, buying an expensive thing that is totally non-existent can really be hard to understand. But as I will enumerate, there are advantages to buying pre-selling properties. Hopefully, this can guide you in your decision to whether or not purchase that property you have in mind. (Although these advantages apply only to those developers that are reputable as I will try to explain later in my next articles.)

1.) Affordability - Properties in pre-selling stage is almost always cheaper than if you buy properties which are ready for occupancy (RFO). Some are even half the price! One of the reasons for this is that your are buying something which still does not exist. You can’t use the home just yet! It takes faith in the developer for you to give them your money even with this fact, so the buyer is rewarded with lower price.

Most people are put off by the fact that they need to wait two or more years before they can use the property they purchase, but are surprised when they realize that properties that are RFO are much more expensive and the available units are too few. Planning ahead can really save you a lot of money.

Another way that makes buying pre-selling properties more affordable is that these properties offer easier payment schemes. Some gives you the option to pay the contract price in equal installments until the property is RFO at no interest! Others give “special/promo payment schemes” that basically makes it very easy for the buyer to purchase.

2.) Good Investment - To illustrate how buying properties in pre-selling stage can be a good investment, let us assume that the year is 2007. Property A is in pre-selling stage and it’s selling price is 2 Million. Let us also assume that you chose to pay in deferred cash or around Php 27,000.00 for 72 months (five years). This year, 2012, the property is turned over to you, and you have fully paid the 2 Million already. If the current selling price of your property this year is 3 Million, you have basically earned 1 Million in just five years by buying in pre-selling! Even if you consider inflation rate, that is still a good investment.

3.) More Choices - When you buy a project that is in pre-selling stage, you can choose the unit that you really like, one that is perfect for you. You want the side with sunset, the corner unit, the unit with the lucky number... these are all possible only during pre-selling stage when there are still only a few buyers and the units available are plenty.

This is unlike when you go to a property that is already RFO, the units left available are almost always the not so good ones. Buying a property is one of the single most expensive purchase for most of us, surely you wouldn’t settle for anything that is less than the best.

Casa Mira is set to reach MORE families in Western Visayas! Can you guess where? Browse through the photos for a hint of where the next Casa Mira development will be, and comment down your answers.

Can a foreigner buy a property in the Philippines?

Short answer is yes, but with restrictions. Buying a property in the Philippines is possible for a non-Filipino; however, there are limitations as to what property and how much a non-Filipino can buy.

By law, foreigners do not have the right to own land in the Philippines. Only Filipino citizens can own land. Despite pressure from the expatriate communities to amend this ruling, the law remains unchanged. The easiest way for non-Filipinos to own land remains through spouses of Filipino nationality.

Foreigners can own condominium units
Foreigners may purchase and own condominium units in the Philippines. Condominium projects are treated as a corporation setup. The Condominium Act of the Philippines (R.A. 4726) expressly allows foreigners to acquire condominium units and shares in condominium corporations, but the ownership of condominium units is still subject to a 40-percent restriction for foreigners. This means foreign ownership in a single project should not exceed 40 percent, and 60 percent must be Filipino-owned.

Real Estate Investments.

Sure ka Dito.

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Dear friend, Please help us fight for a great cause. Pls sign the petition.

I am personally, sincerely appealing to you to spare at least 2 mins of your time to sign this petition.

SIGN UP FOR PETITION HERE:
https://www.change.org/p/president-rodrigo-duterte-change-anti-poor-anti-filipino-anti-progress-anti-technology-resa-law?recruiter=1162052409&utm_source=share_petition&utm_medium=facebook_messenger_mobile&utm_campaign=psf_combo_share_message&recruited_by_id=ec0cb860-20b8-11eb-86c2-51714ce22f91&share_bandit_exp=message-25707795-en-US&share_bandit_var=

When you sign this petition, you are able to help me keep my way of living to support my family and countless others who depend on real estate to support our Families.

Thank you for supporting. It means so much to me and my family.

Sincerely,
HOME YOU LOVE

WE THANK YOU FOR BEING WITH US AT THIS MOVEMENT. 🇵🇭🇵🇭🇵🇭🇵🇭🇵🇭🇵🇭

WE TRULY APPRECIATE ALL YOUR SUPPORT AND MAY GOD BLESS OUR REAL ESTATE JOURNEY! 🇵🇭🇵🇭🇵🇭🇵🇭🇵🇭🇵🇭

Sign the Petition CHANGE ANTI-POOR, ANTI-FILIPINO, ANTI-PROGRESS, ANTI-TECHNOLOGY RESA LAW

Real estate group files petition for declaratory relief vs. ‘anti-poor’ RESA law
Published November 17, 2020 6:50pm
By TED CORDERO, GMA News
A property sector advocacy group on Tuesday filed a class action petition seeking declaratory relief to amend the decade-old Real Estate Service Act of 2009 (RESA), which it claimed have “anti-poor” provisions that contributed to a 6.75-million housing backlog.

The A Better Real Estate Philippines (ABREP) movement filed the petition before the Makati Regional Trial Court.

In a virtual press conference, ABREP president Anthony Leuterio said the filing aims to promote inclusivity and the use of technology in the real estate industry.

“RESA is anti-poor because it forces unnecessary educational requirements that drive the cost of becoming a practitioner astronomically high,” said Leuterio.

He pointed out that under Section 14 of RESA, applicants for the Professional Regulation Commission’s (PRC) broker licensure exam are required to hold a four-year degree in Bachelor of Science in Real Estate Management (BSREM).
He emphasized that the provision is an “unnecessary” educational requirement that “needlessly drives up the cost of becoming a real estate broker.”

The degree alone can cost up to P300,000 to complete, making it the most expensive and onerous broker licensure process in the world.

As an alternative, he suggested decreasing BSREM’s units to those that are required to the practice.

For his part, National Real Estate Association (NREA) president Benny Cabrieto said that such a requirement makes it difficult to sell units, therefore increasing housing backlog “due to the lack of salespersons.”

“There are less than 100 BSREM graduates per year, and not all pass the board. Even the good schools do not offer this course,” Cabrieto said.

ABREP also took note of the overlapping regulatory authority between the PRC and Department of Human Settlements and Urban Development (DHSUD) created by RESA, which, it said, not only makes the process of licensure inefficient but also exposes potential practitioners to redundant registration costs.

“Bakit pinapahirapan natin ang mga salesperson? At the end of the day, there is a developer and broker who monitor the agents,” said Leuterio.

“It will take you six months to one year to get licensed and there is a large amount of money involved. To comply with the accreditation for salespersons, it will cost up to P30,000 if you are far from any DHSUD or PRC offices,” he added.

Fewer available practitioners in an industry that is already notorious for fluctuating employee retention rates, Leuterio said, will only aggravate the backlog, which the DHSUD has previously stated will balloon to approximately 22 million by 2022 if unaddressed.

“Our intent with the filing of the petition for declaratory relief is to start overhauling the industry’s regulatory framework to make the profession more inclusive and accessible,” said ABREP partner and legal advisor Atty. Estrella Elamparo.

Among of the most controversial provisions in RESA is the Section 32, which requires that corporations have at least one licensed broker for every 20 accredited salespersons, a provision that Elamparo said is “arbitrary” and was not deliberated upon according to House and Senate records.

This is not the first time that RESA has been challenged.

The Chamber of Real Estate Builders’ Association (CREBA) also attempted to get lawmakers to pay attention to amendments in previous years.

CREBA national president Noel Cariño emphasized that the provisions not only affect practitioners, but also developers.

“We are not anti-regulatory, but the problem lies in the 1-is-to-20 provision. Where did you get that number?” said Cariño.

“Now, we are saying tech will allow you to reach as many people as you want, but how can you say that the ‘magic 20’ will ensure optimal real estate marketing?” he asked.

The 1-is-to-20 rule also has implications surrounding the development and use of technology in the real estate industry, said Leuterio.

The ABREP president suggested that there have been cases where web platforms designed to connect salespersons to buyers have been misconstrued as being structured the same as traditional brokerage firms.

As a result, salespersons have allegedly been falsely accused of violating the 1-is-to-20 rule.

“RESA is anti-technology as it was crafted in the pre-automation era, at a time where we couldn't imagine the level of technology we have now,” said Leuterio.

Leuterio also highlighted RESA’s failure to promote equal opportunity for local real estate practitioners, stating that the law’s stringency has resulted in much of the industry going underground, resulting in a breeding ground for “colorums.”

“It is anti-Pinoy because it fails to promote equal opportunity for Filipinos while unauthorized foreign agents continue to operate unchecked,” said Leuterio.—AOL, GMA News
https://www.gmanetwork.com/news/news/nation/764499/real-estate-group-files-petition-for-declaratory-relief-vs-anti-poor-resa-law/story/

A Better Real Estate Philippines

Join us in our movement for and sign the petition to amend the RESA LAW. Together we will create a better real estate in the Philippines and make Resa 9646 a better law. Let us be the beacon of hope to our fellow real estate entrepreneurs.
https://www.change.org/p/president-rodrigo-duterte-change-anti-poor-anti-filipino-anti-progress-anti-technology-resa-law?recruiter=1162052409&utm_source=share_petition&utm_medium=facebook_messenger_mobile&utm_campaign=psf_combo_share_message&recruited_by_id=ec0cb860-20b8-11eb-86c2-51714ce22f91&share_bandit_exp=message-25707795-en-US&share_bandit_var=

Sign the Petition CHANGE ANTI-POOR, ANTI-FILIPINO, ANTI-PROGRESS, ANTI-TECHNOLOGY RESA LAW

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Once you pick the general area where you want to settle down, it can be helpful to work with an experienced real estate agent who can show you various properties, help narrow down your choices and provide general guidance throughout the process. Your agent can also help you understand the rules regarding property ownership, and what you can and can’t purchase as a foreigner.

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