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Planning to Sell a Condo? Here are Three Things You Need to Know

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“Real estate investment is certainly a vote of confidence on a future activity” -Fiona Sigalla

 

The Philippines has seen a recent boom in the real estate market over the past decade—particularly in the condominium industry. It is no question that one can readily see condominium developments and properties being erected in almost every nook and cranny in most major cities. In fact, business districts such as Ortigas, Taguig, and Makati are premier spots for condominium developments seeing as this is where demand remains the highest. Seeing as condominiums are rife and are growing rapidly in the city, it is almost perfunctory that having a condominium unit to sell makes for a marketable and profitable venture. However, the logistics in the sale condo unit is not like selling a home. There are certain rules you have to consider before you can do so such as consulting the condo management and board for salient information potential buyers might want to see. Furthermore, there are things such as rules for pets, acceptable noise levels and alterations to the unit’s space and appearance may play a crucial role in affecting a potential buyer’s decisions.

So, if you have a BGC condo for sale or any other condominium property to sell elsewhere, here are some things you should consider:

 

1.) Best time to sell your condo

Before you can appropriately select a prime time for selling your condo, it is essential that you have a thorough understanding of how the property cycles move. Knowing so would help you have an idea or at least a rough estimate of how far along the property clock would yield a better profit. Although property cycles are largely erratic, there would be a series of events in which you would see prices rice, fall and eventually stabilize. Apparently, the best time to sell your condo would be during the boom phase or when the prices rise—a market peak that usually lasts up to six months.

2.) Open House strategy

While selling your condo is unlike selling your home, you would still have to stage it well to attract prospective buyers. Take note, a condo that shows well will sell much faster and would yield a better profit. Invest on small cosmetic touch-ups as even these can already make a significant difference. Additionally, if anything should be repaired then get on that immediately. Remember, an open house is an excellent strategy to make an impression—make sure you make a good one and make sure it lasts.

3.) Accentuate Premier features

Not all condominium units are the same; there are some features a unit possesses which others lack and makes it for a salable unit. These are the features you need to emphasize and accentuate to your prospective buyers. More often than not, one of the premier features that make a condo unit so salable is the ease of access that comes with it to everyday life—such is the case of having it in proximity to offices, entertainment hubs, and most offices. Similarly, unique attributes such as the amenities offered—may that be a hot tub by the pool, a fitness center, concierge services and the like should also be considered. Remember, if a prospective buyer is looking to buy a condo, he or she is probably looking for a living experience that is hassle-free and one that they cannot find in a residential house. So, exploit your unit’s best features. In a sense, explain to them what makes it worth it to be living there.

 

While selling a condo might present an avenue for a profitable real estate venture, it would be best if you considered the things above first to be successful in your endeavor. Apart from that, it is imperative to remember that if you want to sell your condo, you must be patient enough to worth through a lot of negotiations before you can successfully close a deal. This means you would spend a lot of time waiting around. However, you will soon find that your patience will reward you once you finally close an excellent deal.

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Independent Living Starter Pack

Finally, you’ve been able to move into your newly acclaimed affordable condo in Mandaluyong City. It surely feels great to say that you are free finally. Hooray! But we all know that independent living is not just all about the happiness and perks of living alone. If you are that person, or someone who is planning to live away from parents, relatives or guardians, for fun, here is your solo living starter pack:

I am so glad that I MADE this happen

happy condo living

Other people have that luxury or blessing to be given a new house or condo unit for his or her use (yes, you are super lucky!). And it’s a different wonderful story for those who had struggled for we-do-not-know-how-many-years before they were able to get their place finally. Since from renting to owning and paying his or her dues are difficult, the return of glee and happiness is priceless. So yes, you are so glad that you made that happen!

You will remember all the hardships you’ve been through to be able to see yourself in your dream home and thinking of all the possible countless things you can do since you are now alone. Yay, excited!

Wait… am I really ready for this?

thinking condo living

So here comes self-doubt and anxiousness creeping in. From being so joyful and ecstatic about imagining yourself living independently, the thoughts of how will you be able to pay everything, have the time and energy to clean and cook, study and work at the same time, and much more kicks into you. This doubting stage is not just for a one moment, but it will get it into you a couple of times; possibly after a bad day, when you are sick, too exhausted or whatnot.

No worries, dear. This thought will not haunt you forever if you claim it yourself that you are really ready and your decision of living independently is nothing but correct.

Got to make my place clean and presentable

clean condo living

I don’t know if it’s just me or whenever we have something new. We want to make and keep it clean as much as possible. Moreover, you want to see your belongings beautiful and in pristine condition, because you know how precious it is for you and how hard it was before you finally get it into your hands. Same as with your new house, you do countless hours of cleaning and keeping it nice. Yes, hardworking!

Then that day of laziness

tired condo living

It’s not every day that you will choose to pick up the broom and sweep the floor, if it is, good for you and your home. But for those who struggle to get up and cook for themselves, there are times you would rather go lazy than tired. We all deserve a break and pamper ourselves in whatever way we are used to – not cleaning the house, ordering food instead of cooking, lay down and have a movie marathon – yes, whatever!

Your old things are still there

teddy bear condo living

Your favorite stuffed toy and lovely pillow are still in your bedroom. Your good-old cabinet also moved in with you. Of course, for practicality, you don’t need to have everything brand new. There are things you can leave with your previous home but decided to take it with you. Why? Because you need that sense of comfort, belongingness and companion to a “whole new world” in which you don’t know anyone but your old things. These materials will also give you the vibes of the home of your “faraway previous home” in your “new home.” Nostalgia and tears are coming right up!

And of course, a lot of adventures!

adventure condo living

No explanations needed. It’s for you to discover yourself.

 

So we hope that you were able to see yourself in this basic independent living starter pack. What’s in yours?

Where to Settle and Retire in the Philippines

As young as you are, you’ve been already interested in where to settle and retire – if it’s abroad or here in the Philippines. Like what others usually say, life is short, so you got to prepare yet enjoy all the things happening around you. Given that idea, of course, you would want to retire in a place where you are not just “resting” but also have an excellent time.

Here are our top three picks on where to settle and retire (and enjoy life) in the Philippines:

Cebu City

Cebu, dubbed as the “Queen City of the South” ranked fourth as the best place to retire in the country in a survey done last 2016. You can effortlessly find real estate in Cebu for sale and rent as Cebu has a booming economy and a welcoming environment for new inhabitants and investors too. This province is in the Visayas region and comprised of three big islands – Camotes, Bantayan, and Mactan. You’d get the mix of urban and rural vibes in Cebu as there are mountains, hills, and beaches surrounding the City.

The native language is Cebuano, and most locals are also fluent in English. You’d often hear Cebuanos mix their mother tongue with English, not with Filipino words. So if you are a foreigner or more comfortable in the English language, I guess you won’t be having a hard time with the language.

Batanes City

This is an unpopular choice, but if you are looking for a peaceful and scenic place to settle for the long run, you should go for Batanes City. Another well-known tourist destination, Batanes is rich in history and culture as well. The ancestors of the Ivatans, the natives of Batanes, came from Austronesians who migrated to the archipelago 4,000 years ago. Their ancestors are seafarers, boat-builders, and farmers too. Until now, about 75% of Ivatans are farmers and fisherfolks.

The province is vast in hills and mountains, given such beautiful landscape, prolonged flooding is most likely not going to happen. Given its incredible landscape, there has been a study which confirms the need for a national park in the province to keep safe and nurture Batanes’ protected landscapes and seascapes, proposed as a UNESCO World Heritage Site. The proposal was submitted on August 15, 1993 and they are eyeing to declare the whole province as a Heritage Site by the end of 2020.

The people there are accommodating and very honest. You’d actually spot some honesty stores where there are no sales person or tindera to take your payment, and you just get what you want to buy and leave your money there. The primary languages are Ivatan, spoken in the islands of Batan and Sabtang, Itbayaten on the island of Itbayat, and Ilocano. You’d probably need to make some adjustments with the language, but it would surely be worth it.

Baguio City

The world-renowned summer capital of the Philippines or “The City of Pines” is another place to consider for retirement. Baguio is located within Benguet but has been administered independently from the province and known as a separate entity. As of 2015, the population of Baguio is 345, 366. You’d see a lot of local and foreign tourists visiting and residing for good, in the City.

Aside from the cold climate, you would also have healthier food options as the province’s environment is suitable for cultivating vegetables and fruits. Living there might be similar to getting used to a field trip in a great region like Baguio. About the transportation, jeepneys are also widely present as well as taxis. Cabs are way cheaper in Baguio, and the drivers always give you the change, and they don’t ask you for “extra” payment because of “traffic” and “place is hard to find” (the things we usually here in the Metro Manila!). Indeed, another people-friendly city to consider.

The Value of Living in Mixed-Use Developments

Mixed-use (residential + commercial) developments are rampant nowadays specially in the Philippines. In fact, mixed-use is the norm in the Philippine real estate industry today. Of course, these developments must have a value that owners can take advantage of. The article will discuss how valuable these developments are for both the developers and homeowners and even for the commercial establishment owners.

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Value for everybody

For the developers

Like what most developers will tell you, mixed-use properties offer the best of both worlds. The primary goal of these developers is diversifying and reducing risks especially after the economic crisis of 2008 when the demand for offices significantly declined. These developers realized better returns, and so other developers followed suit.

For these developers, such real estate development model gives them the opportunity of earning higher returns due to the flexibility in land usage notwithstanding the need for bigger tracts of lands. Self-sustainable as they are, the development risks are not only distributed, but there is a prospect to restructure the projects based on the current demands in the market for the type and purpose of the property.

Further, demands for both commercial and residential spaces tend to feed one another. Residents, who get to benefit from the commercial spaces, are not limited to the dwellers of the mixed-used projects alone. People living and renting nearby can also become the commercial establishment’s customers. This is more beneficial if there are other necessary services like hospitals and schools and other entertainment centers within the vicinity. In return, the demand for the residential spaces is created.

For the homeowners

Mixed-use properties are also advantageous because of the projects’ social infrastructures and commercial establishments. For some of them, the primary advantage is living in a community where the workplace is also situated, leading to lower travel time and cost.

Developers continue doing more mixed-used projects so they can cash in on the recent demand for self-sustainable dwellings that include basic physical and social infrastructures. Not only that, these projects capture all the segments from residential to commercial to retail that most of the homebuyers are looking for nowadays with their busy lifestyle.

An India-based real estate developer says that mixed-use developments provide homeowners with all sorts of possible conveniences within an area. Aside from the residences, establishments and offices, there will be facilities and amenities that owners and other occupants can maximize for personal and even corporate use.

If we are going to look at it from a long-term perspective, while the initial cost of paying for a unit is high (be it for a residential or commercial purpose) is high, the benefits of living, staying and communing with these facilities and nearby infrastructures will be immense.

Thereby, the commercial and residential combination creates investment-friendly environments. There are sellers and buyers under one roof which is unquestionably impossible to achieve for standalone residential or commercial development projects alone.

The way forward

Investing in mixed-used projects located in developed locations is more sustainable than those projects being drawn up on upcoming locations due to the presence of physical and social infrastructures. There will be higher appreciation on the part of the investors with these infrastructures, fueling the economic and social growth of the location.

If the developers can make the self-sufficient townships a much better living environment despite being located on upcoming locations, no doubt, homebuyers will seriously consider investing on the mixed-use project. This means well-planned and well-structured mixed-used projects still count.

Evidently, mixed-used projects create a win-win situation between the developers and homeowners, developers and business operators and owners and business operators. Indeed, such a development model gives an opportunity to experience the best of both worlds (residential + commercial) that no other property model can give.

Four Common Questions About Philippine Real Estate

 

 

Owning a home is a keystone of wealth… both financial affluence and emotional security. ~Suze Orman

One of the most crucial aspects when it comes to buying real estate in any part of the world is to know your legal rights. This applies true for house and lot buyers Philippines. It makes potential homebuyers more vigilant about their real estate purchases and aware whether the contract they are signing has legal color. Additionally, it would help prospective buyers weed out unscrupulous people such as scammers and unlicensed agents.

However, most Filipinos are lefty unaware of what their rights as a buyer which would render them vulnerable to bad deals and underhanded transactions which is why it would very much benefit them to have a general knowledge of our local laws.

The Philippines has an excellent set of legislation that would protect buyers from bad real estate agreements. Instead of the usual jargon found in real estate law books, this article aims to make it clearer to its readers as regards their legal rights as a homebuyer and a homeowner by elaborating on the most common questions about the Philippine real estate.

1.) Do foreign spouses or family members have the legal capacity to acquire property in the Philippines?

Unless they are renting a place such as in one of the condominium units for rent, the law is explicit when it comes to foreigners owning land and property in the Philippines. It has been stated that only Filipino citizens are allowed to buy real estate property in the Philippines regardless of whether such property is a condo or a home.

The rationale for this law is to keep Philippine lands from transferring ownership to foreigners lest we get overrun by properties owned by foreign nationals. However, foreign nationals can own property through co-ownership with his or her Filipino spouse or if the foreigner owns a corporation or an ownership where sixty percent of it is Filipino owned.

2.) What is a deed of sale and what are my duties as regards this document?

This crucial piece of document is essentially your legal proof of purchase. In essence, it indicates the transfer of property between the seller and buyer and shows that it has legally transpired. As a homebuyer, you should authenticate the document and have it notarized and recorded in the registry of deeds. After which, a homebuyer ould need to pay for transfer tax, registration fees, documentary stamp tax and other fees.

3.) What are my options when dealing with an unlicensed agent?

Before buying any property and dealing with an agent, it is best to check if the agent is registered with the Professional Regulatory Board of Real Estate Service. Unfortunately, there is not much recourse in dealing with an unlicensed agent apart from filing a fraud charge in the same manner as you would when you file a crime report.

4.) What are my rights as a buyer?

When it comes to property sales agreement, the rights of a homebuyer are essentially two things which are:

1.) The right to demand the developer to deliver the title of the unit or property upon full payment; and

2.) The right to be reimbursed with the amount you have paid which would include the amortization payments.

In essence, this would mean that it would be illegal for the developer to forfeit any installment payments in favor of the owner or the developer himself. Both laws are reflected in Presidential Decree No. 957- Subdivision and Condominium Buyers Protective Decree.

Bored at Home? Here’s How You Can Spend Your Time Productively While Staying in Your Comfort Zone

 

 

There are a lot of ways on how you spend your free time. It does not matter if you live in a condo in Alabang or any real estate property, you have the freedom to do anything that you want. It is your time; it is up to you what you want to do with it. You may waste it or spend your free time productively.

When we say ‘productively,’ according to the dictionary, it is doing or achieving a lot that produces good results. And when we say ‘spending your free time productively,’ it is doing the things that make you productive. Well, if you want to know what are the things that can help and make you productive, you might consider doing things brilliant ways.

Family bonding

This is also one way to spend a quality time, not just for you but also for the family. Having you around makes a family bonding complete and fun since it is when we tell or share our thoughts and experiences with our family. Cheesy as it may seem, but one way or another, we can have our moral support from them.

Eating together with our family is also a way to bond. Bonding with your families is not just for fun; it is also where we can have a heart to heart talk with them that can bring the family members closer to each other.

Listening to good music

Everyday, we are bombarded with the noise around us. Noises from the vehicles and the people, all these can make your day a living hell which can affect your entire day.

Listening to good music can put you in a good mood. Sometimes, even though you are stressed, it makes you feel relax and at ease. There were also times when you needed some inspirations; listening to good music can help. It can make you do better things when you are in the right mood.

When we say ‘good music,’ it doesn’t mean rock or hard rock. ‘Good music’ is when we listen; it is pleasant to the ears.

Writing

Unfortunately, there are already few people who write. Writing is not that hard as what you think. You don’t have to write an entire article for you to start writing. Writing journals is a good start.

Writing can give you the benefit of telling or sharing what you feel where you cannot share it with others. You can write what you feel for the entire exhausting day, how annoyed and pissed you are, how your boss or friend sucks or how happy you are when your crush talks to you. You write it down.

You are the boss of your writing; you can write what you want and let your imaginations run wild. Just write it down, it is fun!

Reading

What comes to your mind when you hear the word ‘Read’?

When we hear the word ‘Read,’ a lot of people won’t do it since all they know, reading is boring, it can make you feel sleepy, it can make your eyes and head hurt, and it is not fun to read. I know you had those feelings too. But what if these ‘boring’ textbooks can make you productive, are you going to change your mind and read?!

Reading books, magazines, newspapers and other references give you a lot of information that other people don’t have. You know what the ins and outs of today’s are; you know who these particular individuals who contributed significant time to our community or our country, and you will know what to do when circumstances occur.

It is always an advance when you read. Reading can bring you to places where you haven’t been there yet, and it gives you better perspective and understanding of the world. You will also feel confident to whoever you meet since you know something that they don’t.

Living With Kids: Turning Their Mess into Success!

 

 

Cleaning your house while your kids are still growing up is like shoveling the sidewalk while it is still snowing. ~Phyllis Diller

Parenthood is great and living with children is nothing short of an adventure. However, kids growing up in the family home can be synonymous with perpetual clutter and heaps of mess—which surprisingly would end up anywhere from the kitchen to the bedrooms.

Often, you would find yourself excusing the state of disorder in your home—kids are making memories after all. But there are times wherein you would want everything organized as well, and the sight of endless untidiness would make you want to pull your hair.

Regardless of whether you are living in a house and lot at Sta. Rosa, Laguna or even in a lush condo unit elsewhere, living with clutter and mess can potentially stress you out. Before you lose your patience (or your sanity for that matter) over your kids’ disarray of toys and assortment of other stuff, you may need to establish some new cleaning habits and routines that would eventually clear the mess.

These five practices can also be emulated by your kids so they can help you around the house when you are sprucing up.

1.) Remember that everything has a place

Just as the kitchen utensils belong in kitchen drawers and the precious china have a place on the display shelf, their toys and other belongings have their rightful place as well. Remind your kids that the floor is not a temporary setting place for their stuff and that if they can take their toys out, they can certainly put it back where it belongs.

2.) Just do it

Undoubtedly, no one would really feel like cleaning up and doing a lot of chores—especially if you only have the weekend off. But the more you put them off, the worse the clutter will get seeing as it can accumulate over time. Just do it whenever you have free time, and you will be glad you did. Additionally, your kids can emulate your good example.

3.) Embrace the idea of clean enough

You have to live with the fact that having children could never be synonymous to perfectly spotless floors and an immaculately organized home—especially when you give your kids cleaning chores. They may not do a cleaning job to perfection but it is a lot cleaner than leaving it be, and if you do take over the job to do a more thorough cleaning, you will not spend as much time as you would had it not been cleaned in the first place. Remember that a cleaning job by your kids does not have to be flawless. After all, having it clean enough is better than nothing.

4.) Clutter attracts more clutter

The longer you delay cleaning up, the more they multiply. Notice how putting down a pile on a flat surface can result in an even bigger pile the next time you look at it? Well, that is because clutter is pretty much like a magnet and if there are more of it, the less receptive your kids will be at cleaning up. Remember the golden rule when it comes to things around the house, “Do not set it down, put it away and back in its place.”

5.) Everything off the floor

It may sound like an easy cleaning rule, but having kids around makes this harder to implement. Remind your children that nothing belongs on the floor apart from the furniture. Give them leverage over how they handle the mess in their rooms but be firm that you need to see the floor and that they are not dirty. In other areas of the house such as the living room, make sure your kids would put their shoes away in shoe baskets, electronics in a charging station and throw pillows on their corresponding furniture.