New Beginnings: Four Incredibly Silly Reasons You Cannot Buy a Home

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“That house you looked at today and wanted to think about until tomorrow may be the same house someone looked at yesterday and will buy today.” –Author Unknown

Buying a home might seem like a fairly straightforward process.

After all, just how hard can it be? All you would need is to have a set of wants and needs for a home and then look for the ideal one that comes as close to your list as possible. While it all sounds easy on paper, the task of finding an ideal home that ticks most of your qualifications and best befits your lifestyle is more difficult than you originally thought. Those considerations in conjunction with real estate being a significant investment would mean that this is an endeavor you should approach with much contemplation and scrutiny insomuch that at times, buying a home can take up to months. In this regard, you would be a hundred percent certain that you will be happy in your choice.

Unfortunately, some homebuyers—most especially first-time homebuyers who are pretty much novices in this entire ordeal—tend to make incredibly foolish decisions in the process. More often than not, a homeowner’s error in buying a home can be attributed to their lack of sense and foresight—all of which easily avoidable are had they done enough research and educated themselves. The good news, however, is that this article has compiled a list of some of the dumbest reasons why people cannot buy a home so that by the time it is your time, you would not be committing the same mistakes. So before jumping the gun and going for that Ametta place for sale, try to review on what you should avoid doing when it comes to home buying in order to be happier to your decision:

1.) Waiting to line up financing

When it comes to buying a home, your first question should be how you should pay for it. After all, real estate property is a significant investment insomuch that reviewing your financing options would be paramount to buying the home that you want. In this regard, your first step in the home-buying process should be the take a look at your financing options and discuss it with a mortgage lender. You would not know how much you can truly afford until you have met a professional who has the necessary expertise to tell you about your options. With this in mind, just because you think you can buy an exorbitantly priced home does not mean your loan for that same home would be approved.

2.) Using a fly-by-night mortgage lender

Much like any industry in the world, the mortgage industry is rife with scams. This means you need to be meticulous in selecting your lenders and ensure that you can trust them. Review their credentials and look for reviews and recommendations as placing your trust in a bad lender can cause a potential deal to fall through. Sometimes, it is not necessarily your fault why your offer was rejected, but rather it is because you decided to partner up with an unreliable or fake lender.

3.) Getting pre-qualified rather than pre-approved

Although they sound about the same, there are distinct differences between getting pre-qualified and pre-approved. Almost anyone can get pre-qualified for alone because all that it involves is a conversation with a lender about the state of your finances sans the exchange of documents. On the other hand, getting pre-approved would entail the gathering of all the essential documents which run the gamut from your tax returns to bank statements, pay stubs and more. All of these would then be submitted for review and only when everything checks out would you have a pre-approval for a certain loan amount that is good anywhere from three to four months (or in some cases, even more). Shrewd sellers would not entertain prospective buyers if they cannot present a letter of pre-approval from a reliable lender which means securing a pre-approval would be pivotal in your home buying venture.

4.) Shopping outside your price range

Having a budget prior to your home search is not only a recommended step to take, but a paramount one as it ensures that you do not fall in love with homes beyond your price range. Unfortunately, having a budget does not guarantee that prospective home buyers would be proof against beautiful homes that are outside their price range. To mitigate this possibility, try to limit your property viewings online or at least refine your searches to only include properties that would fall within your budget. After all, there is nothing quite like the feeling of frustration in seeing a property you can already picture yourself out living in only to find out it is exorbitantly priced.

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Home Buying: Four Reasons Why the Seller Might Have Rejected Your Offer

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“Home is a place you grow up wanting to leave, and grow old wanting to get back to.” –John Ed Pearce

Finding your dream home is no easy feat which is why if you have finally found the house of your dreams, you would jump at the opportunity to finally make it yours.

After all, it only took you quite a lot of viewings and a myriad of offers to get to this point. Unfortunately, just as you already had set your heart out on that one property, you would find that the home seller has rejected your offer. After an intense search for the perfect home that is often fraught with stress and emotion, having your offer rejected can feel like a crushing letdown—especially if you had been banking on securing a purchase. Luckily, most home sellers would extend you the courtesy of explaining and substantiating why your offer was flat out declined. However, there will be times wherein prospective homebuyers would not be so lucky leaving you wondering as to what went wrong and what your offer was lacking.

In any case, there is a myriad of reasons why your offer to purchase a property would be rejected. Knowing what these could potentially be would enable and encourage you to refine your offers and ensure that you can secure the sale next time. Furthermore, it helps you make your future and prospective offers more attractive in such a way that the home sellers would not only be more inclined to sell to you but would be enticed by your offer insomuch that they would start closing the deal. So, had your offer to buy an Avida Towers Centera unit or a property elsewhere been declined without being substantiated by the property owner, one of the reasons listed below could possibly be why:

 

Your offer was way too low

You might be interested to buy however, your interest in a particular property should be reflected in your offer for it. In this regard, your interest buy should be directly proportional to how much you are willing to offer for the property. If you offer too little, a seller can potentially feel insulted and may even think that you are not taking him or her seriously. Unfortunately, when a property seller takes offense, they would often reject your offer outright without even substantiating their refusal to sell to you or explaining to you why your offer was rejected. Furthermore, if the property listing is fairly new, home sellers would overlook poor offers thinking that it would be too early to consider them.

They received a better offer

One thing you should know about sellers is that they are likely to sell their homes to the one who can offer them the highest price with the least amount of inconvenience in their part. Of course, sellers want to make the most money out of their properties. If you think that the property is an ideal home, there is a likely chance that other prospective home buyers think so too. With this in mind, you should consider that the seller might be considering a myriad of offers for their property. In this regard, you need to ensure that your offer stands out and would contain better terms than the rest. Remember, the less effort a home seller would have to expend just to sell their home to you, the more likely they will sell the property to you.

Your offer to purchase contained too many contingencies

You might think that you are offering a home seller a price that they could not resist. Unfortunately, this is not always the case as the best price does not always guarantee that you get to purchase a home. Sure, you might have offered the highest price possible but it also comes with contingencies which the home seller would need to consider. In this regard, a seller might balk at the idea of selling to you considering that your contingencies would spell a number of inconveniences for them. Resultantly, they would be constrained to accept an offer that is slightly lower than yours but is not tied to any demands. In any case, having a seller commit to a myriad of stipulations would often reduce your chances of purchasing the home—regardless of how much you put in.

The seller has unrealistic expectations

More often than not, if a property receives innumerable offers within hours or days of going live, a seller would be under the erroneous belief that they had priced their properties too low. In an effort to get more and higher offers, they would be perfunctorily rejecting offers while waiting for a bloated one as unrealistic as that sounds. Indeed, a seller’s mind can be a fickle thing. If they think that they have offers coming in at an existing price, they would likely think they can get more in the following weeks. It does not matter whether your offer to buy the home is at the full asking price, if the seller believes he or she can get more, they would likely decline your offer.

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Home Buying: What Kind of Homebuyer are You?

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“If I were asked to name the benefit of the house, I should say the house shelters daydreaming, the house protects the dreamer, and the house allows one to dream in peace.”-Gaston Bachelard

Just as there are different types of houses, so is there a diverse set of homebuyers one would encounter in their lives—especially when you are in the real estate industry wherein you deal with these sorts of clients every single day. However, determining what kind of home buyer you are, should not be the job of your real estate agent but yours as well. After all, identifying the type of home buyer you are would significantly narrow down your options when it comes to choosing homes and would make the entire process a lot easier, simpler, more streamlined and straightforward. Furthermore, having an awareness of the sort of buyer you are would enable you to find out not only what you need and suits you, but what befits your budget as well.

So, before you zero in on a Makati Condo for sale, try to assess what kind of buyer you are first. In any case, below is a list of descriptions about homebuyers out there. Take a gander at them and see if any of them best describe you before you take that plunge in buying real estate:

1.) Move-in Ready

At a moment’s notice, you can move in. As a consequence, it is only natural for you to wish to move in as soon as possible. You are dead set on an immediate move-in—so much so that you do not really have the luxury of time to wait. In fact, you would much rather look for a home that is already built than wait several months to have it erected and built from the ground. If you find yourself relating to this kind of buyer, check full-furnished properties where all you would really need to do is move-in sans the shopping (or shipping) of furniture. Before deciding to move out, prepare a list of what you must have in your home so that have an idea where you will commence your search.

2.) Fixer-upper lover

You are the type of homeowner who has an ardent proclivity for making dilapidated properties look fresh and new again. In fact, you are never deterred by any renovation, reconstruction, and maintenance work. If anything, they challenge and motivate you to try out some new ideas. If you have a penchant for home improvement projects and find that kind of work ensnaring, then you would most likely fall for a fixer-upper kind of house. If you can relate to these, scour your location for some foreclosed properties that might appeal to you. However, do not forget to create a grand master plan to aid you in creating the final look for your home.

3.) Tiny House Hunter

You love adopting a minimalist lifestyle that you are hardly bothered by houses of diminutive size. In fact, you find them subtly charming and a lot easier to decorate and style. You do not wish to spend so much money on extra space you probably will never need and merely make do with what available space you can. Moreover, you love redecorating now and then and you find it easier to do when you are living in a tiny home. If you are this type of homebuyer, perhaps finding a studio-type condo would be your best choice. After all, you have everything you need just in a single room.

4.) Life-time Buyer

Starter homes are a thing of the past, and you no longer feel like it is something you should be investing in—especially since you are starting to grow out your family. You want a home that would last you—not only for years but until your retirement and when your hair eventually turns grey. If you are this kind of buyer, check for properties that are strategically situated near business districts, entertainment hubs and schools as well to ensure the optimal growth and development of your family.

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Philippines Real Estate: Things You Need to Know About Buying a Condo in the Philippines

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“Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.”-Theodore Roosevelt

In modern Philippines, you would be hard-pressed not to find a condominium tower in major cities. In fact, it may be argued that you can find one (or one about to be erected) in almost every nook and cranny in its biggest metropolis, Metro Manila. Of course, this rising trend of condominium living is to be attributed to the proliferation of these real estate projects. After all, with a Filipino’s perpetually busy lifestyle, living in a condominium unit would not only be convenient but ideal. With this in consideration, the Philippine condominium market remains as robust as ever and shows no signs of slowing down. After all, with the ever-increasing demand, condominium developers must endeavor to address that exigency.

As Manila is rife with individuals seeking condo units (seeing as it is a premier spot for professional and career growth), it would inevitably be area developers would be so keen to develop. Makati, Fort Bonifacio, and Ortigas are three prime spots where condominium units are the most prevalent. However, with a myriad of options to select from, buying a condo can easily get tricky. How can you ensure that the unit in two serendra is ideal for you? Is there any way of knowing whether the property in question would make a sound investment? While there is no telling for sure, it would be best if you armed yourself with information as regards the property you are looking to buy.

Otherwise, here are a few things you should consider to help you decide where you should put your money:

When in doubt, check the rental yield

Experts in real estate would argue that rental yield is a paramount criterion for real estate investment—and they are right. The Asian average is around 4.2%, but this number is nothing in comparison to those of Metro Manila where rental yields are at an all-time high. Manila is a prime spot for condominium investment as investors can expect a yearly influx of individuals who are looking for condo units to rent—from the students to young professionals.

Consider those places that are near to BPO offices, central business districts, techno-hubs and significant developments as these will be driving factors in raised rental yields.

When looking for condominium units to invest in, consider smaller units

Most individuals looking for a condo unit to rent would hardly be looking for a full-blown condominium complete with three rooms, a suite, and a rather spacious bedroom. Considering as they will mostly be living alone, renting a big condo unit would not only be impractical but unnecessary as well. Save for a few exceptions, it has been determined that the rental demand for one-bedroom and studio type units are higher than two-bedroom units and up—most especially in developments in or in proximity to central business districts.

This is because most potential condominium tenants would likely be looking for only enough space for themselves only making the extra rooms extraneous. So, instead of investing on condos with big spaces and some rooms, choose the single unit ones.

In sum

If you are looking to invest in real estate in the Philippines, breaking ground with condominium units is an excellent way to start. Condominium units are known for their affordability and high rental yields as compared to the Asian average. Select premier areas where the working and student population remains the highest. Furthermore, choose properties in proximity to business districts, schools and BPOs and you are guaranteed a good investment.

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10 Quotes on a Twenty-Somethings’ Journey to Finding Home

Home can mean different things. It can be a Lerato for rent condo, a suite in Holiday Inn, or a villa in Quezon City.

Whatever it is, different things make us feel that we are homeSometimes, we feel that home is where we spent our childhood. It can also be where we found our partner or where we forged friendships. But because of time and the winds of change, we are forced to leave the place we love and a new one.

If you’ve been away from home for some time and you don’t know where it is anymore, here are some quotes that describe how it feels to leave home in your twenties and come back again.

 

  1. The moment you left your humble home for a rental.

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“After you leave home, you may find yourself feeling homesick, even if you have a new home that has nicer wallpaper and a more efficient dishwasher than the home in which you grew up.” 

– Lemony Snicket

 

 

  1. When you’re denying you aren’t lonely but deep down want to come back.

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“Home is not where you live but where they understand you.” 

– Christian Morgenstern

 

  1. The inner-battle of self-sacrifice and freedom.

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“I used to dream about escaping my ordinary life, but my life was never ordinary. I had simply failed to notice how extraordinary it was. Likewise, I never imagined that home might be something I would miss.”

― Ransom Riggs, Miss Peregrine’s Home for Peculiar Children

 

  1. When you decided to not return to the place where you don’t have to pay rent and mortgage because you found “home” in your significant other’s arms.

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“Home wasn’t a set house, or a single town on a map. It was wherever the people who loved you were, whenever you were together. Not a place, but a moment, and then another, building on each other like bricks to create a solid shelter that you take with you for your entire life, wherever you may go.”

― Sarah Dessen, What Happened to Goodbye

 

  1. But your relationship didn’t last long, and going home feels like the only way to ease your heartache.

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“The desire to go home is the desire to be whole, to know where you are, to be the point of intersection of all the lines drawn through all the stars, to be the constellation-maker and the center of the world, that center called love. To awaken from sleep, to rest from awakening, to tame the animal, to let the soul go wild, to shelter in darkness and blaze with light, to cease to speak and be perfectly understood.”

― Rebecca Solnit, Storming the Gates of Paradise: Landscapes for Politics

 

  1. Fortunately, it’s perfectly fine to come back.

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“The ache for home lives in all of us. The safe place where we can go as we are and not be questioned.”

― Maya Angelou, All God’s Children Need Traveling Shoes

 

  1. Besides the hardships of being a twenty-something from career, dating to finances, don’t lose hope.

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“Home isn’t a place, it’s a feeling.”

― Cecelia Ahern, Love, Rosie

 

  1. You still have your parents, relatives and supportive friends. Chin up and live in the moment. You still have a lot of time ahead of you.

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“Well, sometimes home is a person.”

― Beth Revis, A Million Suns

 

  1. The right person will come to sweep you off your feet and accept you for who you are. This person will make a home out of nothing and will make it seem that every place, as long as you are together, is home.

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“Home is the nicest word there is.”

― Laura Ingalls Wilder

 

  1. He or she will tame your rebel heart and make you see you and your family’s worth in your life. It will make you understand what home really is.

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“I don’t care if we have our house, or a cliff ledge, or a cardboard box. Home is wherever we all are, together,”

― James Patterson

Things You Can Do at Home That Help Reduce Electricity Bills

 

 

 

Most of us, if not all, paying our monthly electricity bills is just so frustrating, especially when our budget is on tight. We sometimes even have a hard time looking for money just to pay the said bills. Well of course, wherever you live—may it be in a condo Philippines, Makati area or not, you still have the need to pay your monthly electricity bills.

There are many things you can do to lessen the consumption of your electricity bills. Well, you do not need to totally cut off your appliances for you to have no electricity bills to pay. However, you can still use it in a moderate way.

Now, here are some simple and common things found in our house that can add up to your electricity consumptions when you don’t know what to do with these things.

Aircon

We all want to use aircon, especially when we feel that no wind can reduce the heat of our room. Using of aircon is our first thing in mind when we need to cool ourselves down. We even use aircon in our house, even if it is still in the afternoon. We can’t help it, right? We just need to use it.

Of course, even if we are reducing the consumption of the electricity bills, we can also contribute to reducing and or minimize the consumption by lessening the use of it. Like what you did for the fridge, you can also do it with your aircon. When you feel like you are already cool down or the room or the place is already cold enough, then you can turn the aircon off. In that way, you can the use of aircon is minimized since you had it turned off when you think that you are already satisfied with the coldness of the place.

Of course, as much a possible, try not to leave the aircon on when there is no one around in the room or the place.

Clothes dryer

Did you know that the clothes dryer is also one of the things that can add up to the consumption of the electricity bills? When you do laundry, if you feel like the heat can dry up your clothes, then as much a possible, try using the natural heat of the sun in drying your clothes. Also, make sure that you do laundry in the morning, or in the early afternoon for you to be able to use the heat of the sun still.

And as much as possible, use only the clothes dryer when you are in a hurry, and you need to wear or pack the clothes that you just washed. In that way, saving electricity bills can never be this convenient.

Refrigerator

We all have refrigerators, right?! Especially when we feel thirsty and we have the need to drink cold water to satisfy our thirst, our refrigerator helps us a lot when it comes to it. Of course, not just for storing cold water, we can also store some foods and other things that need to be refrigerated.

But to lessen the consumption of your refrigerator, if you think that your fridge is already too cold, which makes the food be frozen, you have to turn it off. And if you believe that there is a need to turn it again, then you have to do it. Also, if you think that there is a need to defrost, then you have to defrost it. With that, you can reduce the consumption of your electricity through minimizing the use of the fridge.