PASALO CONDO | How to Assume Balance Condo (Documents & Process)

CONDO PASALO!!! ASSUME BALANCE! BELOW MARKET VALUE! SACRIFICE SALE!
In this video, you can learn how to sell or buy condo pasalo without a real estate agent.
I'll talk about the following:
INTRO 00:00
✔️ What is pasalo condo? 1:37
✔️ Condo Pasalo Process for Selling Condo that is in downpayment period (or balance) with Real Estate Developer 2:50
1. Determine condo's market value
2. Determine real estate developer's transfer fees
3. Sell your condo
4. Execute a Deed of Assignment and Transfer of Rights
5. Submit real estate developer requirements and pay the transfer fee
6. Receive balance after the transfer or release of Notice of Approval
✔️ Transfer fee price range 4:40
✔️ Condo Pasalo Process for Buying Condo that is in downpayment period (or balance) with Real Estate Developer 7:13
1. Ask for a copy of the Contract to Sell and a copy of the updated Statement of Account
2.Pay at least 50% of the selling price
3. Execute a Deed of Assignment and Transfer of Rights
4. Submit real estate developer requirements to the seller
5. Wait for the release of the New Contract to Sell
✔️ Condo Pasalo Process for Buying/Selling Condo with an assumption of loan balance 10:07
1. Determine if Loan is Assumable
2. Execute a Deed of Assignment and Transfer of Rights
3. Submit a Notice of Assignment of Contract
4. Wait for Written Consent of Loan Provider
5. Deed of Sale with Assumption of Mortgage
6. Waiver of Relinquishment of Rights
✔️ TIPS for Condo Pasalo Buyer 11:57
✔️ Condo Pasalo Process with Internal Agreement Only 13:30
✔️ Risk in Buying Condo Pasalo with Internal Agreement Only 14:40
✔️ Risk in Selling Condo Pasalo with Internal Agreement Only 15:17
✔️ Process of buying a condo with a loan that is not assumable 15:45
Me-An Clemente (PRC Licensed Real Estate Broker accredited with different developers)
PRC REBL No. 0021476
📱 0976 003 5684 (Mobile/ Viber)
📧 [e-mail]
♪ Tiktok: / ownpropertyph
📷 Personal Instagram: / curlymean
📚 Facebook Page: / ownpropertyph
📷 Business Instagram: / ownpropertyph
#OwnPropertyPH #PasaloCondo #RealEstateInvesting #CondoPasalo #AssumeBalance #RealEstatePhilippines

[@clintmarkbanes5747]

Helpful video! The most informative and complete explanation so far about pasalo

[@OwnPropertyPH]

Wow! Grabe po yung comment na ito. Salamat po 😊

[@ChelaxinKorea]

​@@OwnPropertyPHhello po. Naliwanagan po ako sa pag explain u po about pasalo. Im planning na ipasalo po ang unit ko sa ilo2x nasa DP stage po xa as now. Nxt year po ang turn over around october to november 2024. Ang ganda po ng location. But i realize im not ready yet for home loan stage nxt year. 😥

[@kaoppacreativecookingchann2533]

Wow ang galing ng video na ito..

[@valerie-mt1xt]

Thank u so much for all ur informative vids!

[@tesscad1]

Thanks for v informative video

[@jasonisidoro1981]

maganda informative siya very informative thumbs up

[@homesearchfh]

Thank you for sharing.

[@genr89]

very informative. Thank you so much!

[@SoNooobGamer]

salamat sa very clear and informative video

[@ShawnBurgos-me7xj]

Thanks for this video. Very informative. I love it!!!

[@ericksfajardo]

Thank you. Subscribed!

[@OwnPropertyPH]

Thank you so much for subscribing 😊

[@snlalbit3216]

Thank you, God bless po for sharing

[@shyrellsr21]

Thank you Ms. Me-ann dami ko po na learn sainyo

[@Honeybenkoloom]

Very informative content. Thanks for sharing

[@RqOutandAbout]

Love this video! Very informative!!

[@OwnPropertyPH]

Thank you, ma'm 😊

[@rhynelcahilig9976]

thanks for this one i learned a lot from this.

[@OwnPropertyPH]

Great to know that you learned a lot po 😊

[@luningningaspera6148]

Thanks po sa information..

[@OwnPropertyPH]

Welcome po 😊💕

[@MarudsTV]

I like your transparency

[@OwnPropertyPH]

Thank you so much po 😊

[@ivyivy2447]

very helpful..thank you.😀

[@OwnPropertyPH]

I’m happy you found it helpful 😊

[@RichardCarvajal]

Good video! Thank you neighbor!

[@OwnPropertyPH]

Thank you 😊

[@MJ96063]

Thank you so much!

[@OwnPropertyPH]

Welcome po 😊

[@konyoqueen]

This is super helpful! Hello, Me-An! 💜

[@OwnPropertyPH]

Thank you, Raina, the one and only Konyo Queen 😊

[@DEXTERSANGALANGILAGAN]

Thank you Me an! This really helps! 🤩🙌

[@OwnPropertyPH]

I'm so glad that you found it helpful po 😊

[@fredericgavino1383]

Thank you sa good info ng Yong video

[@OwnPropertyPH]

Maraming salamat sa panonood po 😊

[@otamiranda4856]

Very informative im looking for a real estate broker with experience in condo pasalo thank you! You video is really helpful!

[@lyndelacruz1754]

just watched this.. grabe super clear and detailed ng explanation.. very helpful information, so much learning from this video. thank you so much for sharing. God bless you!

[@andyfrancisco9115]

Very detailed process. Thank you. I think this information is very helpful specially in these days of Covid-19 surge. The bonus dance enhanced the video too.

[@OwnPropertyPH]

Thank you so much for your comment. It made me smile 😊💕

[@H24seven]

Hello watching from Japan informative

[@OwnPropertyPH]

arigato gozaimasu 😊

[@kerveethefriendly8614]

Super galing and detailed ng explanation..

[@OwnPropertyPH]

Salamat po 😊

[@bastemimi8520]

Super helpful and malinaw ang explanation!

[@OwnPropertyPH]

Thank you so much po 😊💕

[@natanieljames6998]

Been searching for this kind of video🥰 thank you po😍

[@OwnPropertyPH]

Glad you found this video helpful 😊💕

[@markanthonyceleste]

Galing mo maam..more of this pa!

[@OwnPropertyPH]

Maraming salamat po 😊

[@exowye]

Just found this helpful video. I was looking for ways how to resell my condo since I want cut our expenses, and I found this. Just Liked and Subs. Thank you!

[@OwnPropertyPH]

Thank you 😊

[@marktammyBartolo]

Thank you for this informative content. 10/10 Congrats. dami ko natutunan.

[@OwnPropertyPH]

Salamat po 😊💕

[@therealestateguy1960]

Galing! Very detailed lahat. Thank you for this ❤️🙏

[@OwnPropertyPH]

Awww... Thank you po 😊

[@carlitoswayph]

Salamat dito! :)

[@OwnPropertyPH]

Welcome po 😊

[@amarigreys]

Very informative video thank you marami akong natutunan about pasalo process po. GODBLESS

[@OwnPropertyPH]

God bless din po 😊

[@roxanneacevedo4229]

thank you!

[@OwnPropertyPH]

Welcome po 😊

[@bearybestcoffee5422]

Salamat ang ganda ng pagkaka explain mo po nagka idea ako about sa condo pasalo maraming salamat ulit more videos to come

[@OwnPropertyPH]

Opo, tuloy tuloy po akong gagawa ng videos 😊

[@noelgohiong]

Matalino, may sense at pretty yung vlogger

[@OwnPropertyPH]

Salamat po 😊

[@socrisssy]

Thanks for putting this together! I've been looking for tips on condo pasalo properties and I've learned a lot from this video. Keep it up!

[@OwnPropertyPH]

You’re most welcome po and thank you so much for the encouragement po 😊

[@MaryLindo]

Sobrang thankful ako that I’ve found your channel. Hulog ka ng langit. KEEP IT UP. Stay safe Godbless. Dami ko natutunan sa’yo❤️

[@OwnPropertyPH]

Maraming salamat po sa comment niyo 😊 Nakaka-encourage pong gumawa ng marami pang helpful videos.

[@bonglui66steelmore]

The best!

[@OwnPropertyPH]

Thank you po 😊

[@TheMarlonOdejar]

very informative Ma'am. Thank you sa video na ito.

[@OwnPropertyPH]

Welcome po 😊

[@arnoldsobrevinas9561]

New sub here, thank you for the info :)

[@OwnPropertyPH]

Welcome po 🙂

[@louielmtd1653]

Very timely as I am selling/pasalo my unit. Buti I watch this video. Thank you so much for sharing this info. God bless

[@OwnPropertyPH]

Thank you po 😊

[@millennialinmanila5621]

Thank you! Ang galing mo mag explain sis! Big help since Im going to buy pasalo condo.

[@OwnPropertyPH]

Thank you 😊💕

[@MC-bx5bv]

Hi Ms Me-An....Sa dami po ng napanood ko discussing this topic, super linaw po yung explanations nyo. Thank you for sharing.🥰

[@OwnPropertyPH]

Thank you so much 😊💕

[@RexPujanesBartolome]

Thanks for the info 👍 Big help ito sa kagaya ko na seller 😀

[@OwnPropertyPH]

I’m happy po na nakatulong po ito sa inyo 😊

[@johanssen832]

Thnk you it help me a log panay ako hanap internal transfer kasi nangyari sa amin ng bestfriend ko

[@markanthonydalman66]

Hi ma'am Me-An, thank you for this informative video content I have watched it helps me a lot even I'm not a license real estate broker. Thank you.❤️

[@OwnPropertyPH]

Thank you for your comment po 😊

[@markanthonydalman66]

Okay your welcome po ma'am.

[@manoi54]

this is my 3rd video fr ur blog I watched n I must say it's soo very informative.now how about a blog re buying a foreclosed property.is it cheaper buying this n what are the risks involved?ur response is highly appreciated.stay safe.salamuch..

[@OwnPropertyPH]

Hi, sir/ ma’m, thank you so much for watching my videos. Yes, I’ll definitely make a video regarding it sometime in the future po. But just to give you a brief answer, foreclosed properties may not be necessarily cheaper. When a foreclosed property is sold, it’s on an “as is where is basis” so if there are unpaid utilities and even unpaid real property taxes, the buyer would have to shoulder it 😊 Another risk is that the property might be infested with termites. Sometimes that can be missed even with a house inspection.

[@tenderella15]

Very informative. I’m looking for Licensed Real Estate Broker around Quezon City, Manila. 😊

[@doniecindy]

thanks for the informative content. ask ko lang kung magpasalo ako ng condo na still under bank loan, do i need to pay CGT? thanks for the response.

[@Mendozjp9]

Up-to-date parin ang info kahit 2023 na, thanks for sharing the knowledge

[@OwnPropertyPH]

Welcome po 😊

[@mucaaco1]

Nice Video. One comment though. I think it's better to remove the subtitle zoom animation effect. It will increase readability a lot.

[@OwnPropertyPH]

Sige po. I'll fix the subtitle 😊 Thank you so much.

[@harryxxzone5949]

hi ms mean i just finished watching your vlog and its helps a lot.. could you refer me to one of your license real estate broker by the way im a condo unit owner. appreciate it if you will.. more power GODbless

[@anthonyuy6781]

Tama nga si Madam. Dapat talaga dont rush and bigyan ng 2weeks of deep thinking before buying condo or sa house. Sabi nga wag ka muna tumalon sa tubig kung di mo alam kung gaanu kalalim. And your life will revolve by paying the DP and loans pero di mo naman matirhan kasi need pa bayaran.

[@OwnPropertyPH]

Pwede naman na pong tirahan ang unit kahit binabayaran pa po ang loan basta na-turnover na ang condo o house 😊

[@TheHappyMelo]

Nice content, very helpful. But you forgot to mention if selling happens during downpayment period, seller might need to pull out the cheques provided by the seller to the real estate state developer.

[@OwnPropertyPH]

Ah, yes, apologies that I forgot about it because almost all of my clients have auto-debit arrangement or just send a screenshot of their monthly payment with the real estate developer 🥺 So thank you for this comment 😊 Those who purchased and paid via PDCs will find your additional information useful 💕

[@TheHappyMelo]

Just to share, what happened to me, pero 2 PDC na lang naman yun naiwan sa developer so nagkaroon na lang ng agreement na kasama yun sa babayaran ng buyer, yun lang meron talaga need mag paubaya if buyer will trust the seller na popondohan ang checque 😁 may notarkzed agreement naman para safe ang buyer

[@OwnPropertyPH]

@@TheHappyMelo Thank you for sharing po 😊 At least everyone knows po na important yung pagkakaroon ng notarized agreement 😁

[@rbs69]

Can you help with a pasalo in sync y tower

[@Ate_Mo_G]

watching from LA, I learned so many things here since I am interested with Condo pasalo. Salamat for sharing your knowledge, very informative and I will take notes b4 venturing with Condo pasalo. New subby here!

[@OwnPropertyPH]

Wow LA! That makes me miss In-n-out. Anyway, if you’re a real estate investor, what you should be focusing on is condo flipping or leasing and not condo pasalo. You don’t earn from condo pasalo po since this for those who can’t continue paying for the condominium they are about to purchase or they have already purchased.

[@Ate_Mo_G]

@@OwnPropertyPH do you offer consultations sis?

[@OwnPropertyPH]

@@Ate_Mo_G hi po, I can’t offer consultations yet since I’m not yet a licensed real estate consultant 🥺 I still have to wait for three years before I can take the board examination (REVALIDA and written). 10 years of practice as a real estate broker is part of the requirement.

[@Ate_Mo_G]

@@OwnPropertyPH got it, be there in 2 weeks to scout. Salamat sa mga videoes mo. More power!

[@HAIRARTISTTv]

Hello, thanks sa info malaking tulong sakin to , dahil balak ko ipaassume ang unit ko, may ask lng ako , mas mabilis ba ma process ipaasume ang unit ko na nakaloan na sa bank pero hindi ko pa pinalipat sa name ko? O mas mainam ipalipat ko muna from developer to sa name ko mismo ang title bago ipaasume? Sana masagot nyo mam. Thankyou in advance🙂

[@armelflores5611]

Thank you for a very informative video i wish i watch this long time ago, coz it's very applicable to be. Question? I try to buy Condo at the Fort the Venice i put down and i make payment for like 2 years but when it time to take over i dont have enough money to pay the whole thing so i stop paying this is like 6 or 7 years ago do i still able to get some of my Money?

[@OwnPropertyPH]

Under RA 6552, you should have been entitled to the cash surrender value of the payments on the property equivalent to 50% of the total payments you’ve made since you’ve done installments for at least 2 years. However, since it happened 6 to 7 years ago, I’m not sure if you can still compel the real estate developer to give what is due. They may have removed your records 🥺

[@genewizco4011]

super helpful po nito, pero possible ba na yung sumalo eh papasalo nya rin? ano po yung steps na gagawin at risks associated? sana po mapansin nyo.

[@josephcruz8897]

I need a buyer got my condo in Amaia step mandaue cebu fully paid the 10%downpayment torn over this December I bought it 2019 for 4.1M the current value now is around 4.7M

[@SimplyJaneChannel]

My husband bought a condo thinking it was only 10k/month. Our lives have revolved around that condo for the past 10 or 11 years now. All our struggles, quarrels, major decisions have actually been because of that. To think, that we’re not even living there!

[@OwnPropertyPH]

It’s sad to hear po that your husband ended up buying without knowing that he’ll eventually pay more than P 10k per month. Buying any kind of real estate property is a major decision which usually is life-changing. So thank you for sharing your predicament. I hope everyone else who reads your comment will learn from your experience and be encouraged to be more financially prepared before purchasing any property 😊

[@maimaro1754]

Sad to hear that po. Nalaman ko lang rin nung nag babayad na ako na ang titignan mo pla dapat is the TCP (total contract price kung 4m, 5m or 6m ba) kasi the monthly payment changes tlga

[@stilnocs1114]

Eto talaga ung nakaka sad. Ako rin eto problema ko. 57k monthly plus lahat ng fees. Haaays

[@lesterchannel5507]

same experience po , ang alam q nung una yung TCP lang yung babayaran q sa 20 years at akala q kasama n yung interest dun ng bank ,kaya nung ngapply nq ng bank loan nagulat q sa magiging monthly q, still deciding kung itutuloy q pb or give up q nalang yung na DP q n

[@MC-bx5bv]

Eye catching po kasi ang nilalagay nila na monthly amortization....un pla eh for DP lang yun like for 24 months. Pagkatapos, dun na po madadale sa bank. Kasama pa un condo fees. Hindi pla talaga biro ang mag-acquire ng ganitong assets.

[@JoeyPenuela]

Hi, very informative video. Salamat sa iyong hard work in making this video! Just came across your channel and wondering if you’re actually helping interested buyers in purchasing a real estate property in the Philippines

[@OwnPropertyPH]

Hi, yes, I assist but it depends if the property is located in Metro Manila and if the buyer is purchasing either preselling or resale property with a clean title 😊

[@JoeyPenuela]

@@OwnPropertyPH Thanks Me-an! Appreciate your response to my questions. I actually found my answers as I watched a few of your very informative videos. I reached out to an agent in Palawan (through one of your vids) to find out about the newly built (pre-construction) condos in Puerto Princesa) Although I'm open to a great buy in Metro-Manila)

[@JoeyPenuela]

@@OwnPropertyPH I guess I meant (pre-selling aka pre-construction) if you could send me some info, I'll send you my contact info via messenger)

[@RexPujanesBartolome]

Hi sir ​@Joey Penuela if you are still looking for a Condo Pasalo in Metro Manila. You might check our 1 bedroom from DMCI in Quezon City. Property owner po ako. 😊

[@agapayjonalyn]

Very informative. Thank you May question po ako, may CGT na po ba pag ipapasalo mo ng under bank loan? Thank you.

[@OwnPropertyPH]

Thank you for all the support 🙂💕

[@jewgil9514]

Sound a like of Megan Young 😻

[@OwnPropertyPH]

hahaha! hindi ko po pansin 😊

[@markeduuvas6075]

Thank you for this info, looking for real estate agent who can help me sell my pre selling condo unit.

[@OwnPropertyPH]

Perhaps a real estate agent focusing on condo pasalo can reach out to you 😊

[@markeduuvas6075]

@@OwnPropertyPH thank you for the response, more power to your channel. Godbless

[@joannacarlallanillo1960]

Hello po. Question po, kung sakali po na magpapasalo ng unit tapos still paying under developer pa po ng monthly DP, during the transfer process po, sino na po magcocontinue ng payment ng monthly DP? Thank you

[@m4financialservicesinc427]

Hi Me-An very nice video I just finished watching these. I'm in the process of buying a condo which is under bank loan. The difference is I will be paying the full balance owed by the seller. Which process should be followed? Can you refer me to a real state broker specializing in this cases. Thank you.

[@OwnPropertyPH]

Hello, thank you 😊 This process is actually for sellers and I think I should make a separate video for buyers. Anyway, when you are paying the balance in full, what you just have to make sure is that CCT is already under the name of the seller and is no longer under the developer. Afterward, you need to request copy of valid IDs with specimen signatures, TIN No. and have a Deed of Absolute Sale ready and a SPAs before giving the money. You need a SPA from the seller that he authorizes you to claim the title from the bank and to remove the cancellation of the mortgage annotation. You also need a SPA that you will be the one to do the title transfer process 😊 I still haven’t met another real estate broker specializing in such kind of case but hoping this still helps 🥺

[@ramtiu-bolina5958]

Lud suggestion ko lang. Next time mas maganda at least my white board ka. para mas masundan. Tx Lud!

[@OwnPropertyPH]

Thank you for the suggestion 😊 But I think it’s still better to use technology than the traditional whiteboard. Mas visually appealing ang information kaysa kung handwriting ko lang. Feel ko ma-bobored ang viewers. Anyway, viewers can pause the video or adjust the speed of the video so they can follow the discussion 😊

[@titosotong]

thanks for the video. tanung ko lang anu ang usual rates of compensation ng mge real estate brokers and sino ba ang magbabayad sa kanila, yung buyer o yung seller? thanks. sana masagot.

[@OwnPropertyPH]

Hi, rate depends on the real estate broker. Pag mas malawak network ng real estate broker at mas magaling, mas mataas ang rate. But the usual rate is actually 5% of the selling price. The person who pays is the seller 😊

[@Cons2911]

Question po. Yung seller may broker, should we also hire the help of a real estate broker to help us? For safety and convenience po ba since hindi namin kabisado

[@andreaunarte8456]

Hi Me-An! I just discovered your channel and would like to say that your content is awesome. I just noticed that the general perspective taken in the video is coming from condo owners who can't make bank amortization payments so they are forced to sell the condo at little to zero mark-up / profit. Can I ask you if this is usually the case of those selling condos in the Philippines? What about those who can afford the bank amortizations, but simply want to sell to make a profit (i.e. flipping)? Do you think there is an existing market for that? Or based on your experience, will buyers always look to purchase at the original contract value? Thank you in advance.

[@OwnPropertyPH]

Thank you so much for finding my content to be awesome 😊 What you noticed regarding my video is correct. Because of the pandemic, a lot of the condo owners are currently selling their condos for little to zero markup in the Philippines. However, that isn't the usual case because some properties are ideal for flipping. Condo flipping, by the way, is holding the condo for a short period of time because the main intention is to sell it for a quick profit. I'm actually making a separate video for that. I just made the Condo Pasalo video first because it's more timely. Based on my experience, there are buyers who are willing to purchase a property above the original contract value. This is because some would love to stick to their preferences in terms of location, real estate developer, or unit type.

[@andreaunarte8456]

@@OwnPropertyPH Wow thank you so much for replying. What makes you more awesome is that you take time reply to your viewers. I’ll be sure to be on the look out for your video on flipping. Subscribed! 😊

[@OwnPropertyPH]

@@andreaunarte8456 Thank you po 😊

[@CristinaNPerez]

Hi, thank you for sharing :) May I ask po again what documents do I need to prepare for buying property by having an internal agreement? To avoid yung mga risk po. Contract to sell and should I prepare also the Deed of absolute Sale?

[@OwnPropertyPH]

Hello, it's best to hire a lawyer to draft the Contract to Sell in order make sure the internal agreement will go well. For the Deed of Absolute Sale, pwedeng papiramahin si seller kung sigurista si buyer at papayag yung seller. Pero that depends din sa time frame nung transaction.

[@bart192001]

salamat maam sa very informative video na ito, maam, baka may ma i recommend kayo na agent na nka focus sa pasalo, salamat

[@OwnPropertyPH]

Wala pa po akong ma-recommend so far. Baka may makakita nito po at mag-message rito na agent 😊

[@tectnique]

Hi😊 This video is really informative. However, may I just clarify if a pasalo property under a downpayment stage with its real developer without any profit is not yet subjected to Capital Gains Tax? Thank you so much.

[@OwnPropertyPH]

Most real estate developers only charges an admin fee or transfer fees whatever they may call it. This means you don’t need to pay Capital Gains Tax yet. However, admin fees/ transfer fees of some real estate developers can be quite high which make it seem that you’re also paying CGT when in reality, it just covers the inconveniences in internal documentation 😊

[@tectnique]

Okay, knowing CGT is not yet required for this stage gives me more advantage to take over my friend's property. Thank you so much! I've been learning a lot of good stuffs thru your channel🥰

[@normamascarinasvlog7597]

hi there, thanks for your video, sana matulungan mo kming e-sell ang unit condo sa paranaque or e-refer mo nman ako thank you

[@OwnPropertyPH]

Kindly send details at [e-mail] po para ma-check ko kung matulungan ko kayo o kung sinong real estate broker ang makakatulong po sa inyo 😊

[@sydelisagermano1521]

Hi mam. Mas okay po ba ipasalo ang condo before maiprocess ang loan sa bank or pag ibig? Sana po masagot. Thanks po 🙏🙏

[@Ina-Ahn]

Hi, Bago lang po ako sa group na eto but wanted sana makakuha ng insights. Kumuha kami ng unit sa SMDC Calm Residences in Laguna. For investment purposes. Naghuhulog po kami ng downpayment for almost 2 yrs. Ano po kaya magandang gawin? Option 1: PASALO Paassume namin ang unit while nasa downpayment stage pa para madaling TOR? Can we use the current market value? Or the TCP based sa CTS? Option 2: RESELL AFTER TURNOVER OF UNIT We will pay in cash then resell the unit based on current market value? Thanks po sa sasagot

[@obet779]

Nice video. Tanong lang po. Paano pa calculation ng CGT pag pasalo po under bank na? Do we have to compute it po ba with current market value or yong loan amount lang po sa bank? Thanks

[@OwnPropertyPH]

Hi, yung CGT kasi po babayaran kapag i-tratransfer na po yung ownership at yung tax base ay kung anong pinakamataas, selling price, BIR zonal value o yung market value na assessed ng city o municipal assessor. May ginawa rin po akong video na may sample computation kung paano po i-calculate ang CGT 😊

[@daecheldaragranada9977]

Naghehelp po kayo maghanap ng sasalo ng condo? We have an Avida unit sa cloverleaf, turnover po April 2025

[@arden6849]

hello, please help me get Internal Agreement format for assume balance for relative who is willing to continue the payment. thank you in advance!

[@OwnPropertyPH]

Hi, there is no standard format for an internal agreement since it will be based on your discussion and conditions for the sale 😊

[@nznoman11]

Can a finished, ready-to-move-in condo be rented out by the Buyer? Would the bank allow it? see it as an additional income of the buyer and a guaranteed payment towards the loan? I am trying to invest now and rent it out, the condo.

[@OwnPropertyPH]

Yes, a Ready For Occupancy RFO condominium may be leased to tenants since a buyer who already owns the condominium may do whatever he pleases with his unit. But the buyer who buys a RFO unit should have an equity for it. Banks don’t lend money in the Philippines without equity and they don’t care whether the condominium unit generates income or not. The only guarantee they accept is proof of income and equity 😊 So those who don’t have equity, purchase pre-selling properties because the downpayment is payable in certain number of months instead of paying spot cash.

[@nekrataal14]

i have a question mam regarding sa internal agreement. yung mag iissue ng CTS and MOA so after ma fully paid po ba yung mortgage dun lang magbabayad si new owner ng Transfer fee?

[@ofwlifeinhongkong3672]

Madam Me_Anne,,,good day po.....meron po ba kayong kilala na expert sa Condo Pasalo assume balance po? Kasi benebenta ko uong Unit ko sa SMDC GREEN 2,,,STUDIO TYPE PO SYA..NASA 11TH FLOOR PO SYA...

[@Ms.Alexhiz]

Very helpful video, for buyer like me living abroad and want a fast transaction dahil limit lang stay para maasikaso, what is the maximum time frame to do all this process if cash basis?

[@OwnPropertyPH]

If cash basis, the longest time for transfer process should be four months😊 Pero merong times na lumalagpas pa rin ng four months kapag hindi inaasikaso at nag-fofollow up yung naglalakad.

[@Ms.Alexhiz]

@@OwnPropertyPH Thank you so much ma'am for this information.

[@paullazo205]

What if the value of the condo(with existing mortgage) goes up and the owner plans to sell it for profit. Can a buyer apply for his own loan to buy the condo? About loan. Let's say you where able to save enough money to pay off your mortgage but you're on the 3 year fixed term loan. Do you really have to wait 3 years to do pre payment? Thanks for your vids! Very informative.

[@OwnPropertyPH]

Since there is still an annotation of the bank on the title, the buyer can only assume the existing mortgage or pay in full the condo. Regarding your second question, you don't have to wait for 3 years to do a prepayment. You may do it anytime but you'll just have to shoulder the prepayment penalties 😊

[@douglascollison6098]

Laking gastos iyan baon ka sa utang

[@rommelalmeida1430]

Good content. Question po: 1. Fully paid na ang DP, on-time payments for 4 years already pero plano nang ibenta yung unit as pasalo. Paano ang tamang pag-compute ng selling cost considering na marami nang renovations na ginawa sa unit with better fixtures, and fully furnished na rin? 2. Is it acceptable sa industry na ibenta/pasalo yung unit for a higher price? For context, meron pang 3 new buildings under construction sa condo complex na ito, at yung same unit specifications sa new buildings at unsold units ng same building is now worth P1M higher. Thank you for replying.

[@OwnPropertyPH]

Hello po. Answer sa question niyo po: 1. DP palang po fully paid meaning naka-mortgage po sa bank yung unit. For computation, depende po sa klase ng renovations. Paminsan kasi mahal yung ginastos pero wala naman talagang contributory value po. Tapos walang pakiang buyer sa furnishings. So pag ganito, mas okay ipa-appraise niyo sa real estate appraiser. 2. Pag ibebenta at a higher price, hindi po yun pasalo, considered condo flipping na po iyon. Although you can’t use the price of the units sold at the newer buildings as the basis of your selling price. Most of the time, hindi po yun market value at kasama sa pricing yung financing para sa stretched down payment term.

[@jersonpua6188]

Very informative and comprehensive po ang video. Thank you Mam Me-an! For clarification lang po… For example. (Seller perspective) 1. I have paid the developer the DP amounting to 500k (10% of Condo Amount). The remaining 90% was Bank-Financed and the developer was already paid; also, the CCT was already under my name. Remarks: Developer 100% paid. 2. So now, I’m paying the Bank for the Home Loan with monthly amortization. Let’s say, nahulugan ko na si Bank ng 1.5M. So, in total may 2Million na akong nailabas from my pocket. Tapos balak ko siyang ibenta na walang profit. 3. Provided na assumable yung Loan ko, ibig bang sabihin pwede kong singilin si Buyer ng 2Million and itutuloy nya yung Loan ko? 4. Or 500k lang ang sisingilin ko kay Buyer then si Bank ang magbabalik nung 1.5M na nahulog ko? Then si Buyer na magtuloy nung Loan? 5. What if ibabalik nga ni Bank yung 1.5M pero may mga deductions siyang gagawin. Pwede ko bang ipa shoulder kay Buyer yung deductions? My only goal is mabalik yung expenses ko out of my pocket na 2Million if ever and ipapasalo ko lahat kay Buyer including yung Transfer Fees and other processing fees like notarization and all. Is that a good deal or is that too much? Appreciate your good advice Mam. Thank you!

[@OwnPropertyPH]

Answers to your questions, starting with no. 3… Since the bank loan is nearly paid, it is best to ask the buyer to pay your balance with the bank so the mortgage gets cancelled. And then the buyer can secure a home loan to pay the P 1.5 million. Mahirap maghanap ng cash buyer kapag ganyan po ang market segment. At mas makakapaglabas sila ng pera kung mas mababa ang amount at sa situation na ito, kaunti nalang plus interests matatapos na ang loan. Dahil kailangan pa ring magbayad ni buyer ng taxes and fees para malipat sa pangalan niya ang titulo po, all the more na yung P 1.5 million ang utangin niya dapat po. No. 4 Hindi na po ibabalik ni bank ang P 1.5 million with deductions not unless ipapa-foreclose niyo. Siyempre, lugi ka po rito. No. 5 refer to no. 4 answer plus kapag nag-home loan po ang malaking bahagi ng binayad ay sa interest napupunta. No. 6 It won’t be too much for the buyer if he has the financial capacity to pay and he sees your unit as valuable. P.S. linawin niyo po kay buyer na siya rin ang magbabayad ng capital gains tax para hindi mabawasan ang P 1.5 million mo 😊

[@ophalyns2565]

Hi Ms. Mean, Any advise on how to PASALO the LOT only kung paano mapapabilis ang pagbenta? Thank you in advance.

[@OwnPropertyPH]

Hi, para mapabilis po magbenta best to hire a real estate broker na nag-focus sa pasalo lots. Sila po kasi yung may ready network ng investors at mas mapapabilis ang benta compared kung kayo yung gagastos pa para maghanap ng buyer 😊

[@genefreaksdaily8813]

Nice content! 🙂 Pwede po magtanong? Pano po Kung pang 3 npo ko sasalo tas nkaloan po sa Pagibig ung mortgage... SPA at MOA lng po ba yung Kaya ko Ipagawa para masecure ko po property? Matanda ndin po kasi Yung Original owner😅

[@OwnPropertyPH]

Kung pang-ikatlo ka pong sasalo, siguraduhin m po na wala na yung SPA at MOA nung mga nauna po sayo. Kung matanda na rin original owner, mas risky pa po iyan lalo kasi kapag namatay siya at di pa tapos ang loan, baka hindi mo na po makuha yung property. I-claim ng heirs. Yun lng inaalala k po

[@theexponent3834]

Hello, nasa real estate pa rin po ba kayo? I need help buying a condo po. Jay

[@dannyurian]

Maraming salamat! po.. very informative po 🙏🏼. Hingi po sana ako ng tulong kung may ma'rerefer po kayong masipag at very helpful ng Real State Broker (or kung pwde po kayo 🙏🏼🙏🏼🙏🏼) para pasalo po yung pre-sold po namin na condo tapos na po yung downpayment.. waiting na lang po ipasok sa bank. Reason po is plan ko na po kasi mag'early for good na sa Pilipinas, umuwi na po kasi si Wife at Baby ko last January dyan sa Pilipinas 😥😥😥. To cut the story short po, mag'ddiversify po kami for other investment and businesses. Sana matulungan nyo po ako. Maraming salamat po! Ms. Me-an, sana marami pa po kayong matulungan through your very informative content. 🤗🙏🏼

[@OwnPropertyPH]

As of now, sir, wala po akong kakilala na real estate broker na focused sa pasalo properties at hindi rin po ako makatulong kasi iba po yung focus ko ngayon. Ito lang talaga pinaka ma-help ko po ngayon, share information about the process and documents needed. If you have additional questions about the process, I can answer naman po 😊

[@pinaysaitalya]

Hi, medyo luma na itong video but i still hope na mapansin mo oa din ang tanong ko. Gusto ko ipasalo na lang ang condo ko sa Tagaytay kasi bihira naman din kami umuwi, at may bahay naman kami sa Batangas. More than 2 years ko na nahulugan sa banko. May site po ba pwedeng paglagyan ng ganitong paraan.

[@gureesushana]

Hello po. I got a condo unit months before the pandemic, paid only the equity, actually hindi pa nga po fully paid, but I decided not to push it through since hindi maganda yung developer and the management itself. Now I have to send a back-out letter but my concern is hindi po ba ako mahi-hit or ban if I decide to get a new unit to another developer? I had just graduated from college when I got that condo and I admit that I didn't practice due diligence. May bearing na po ba ang hindi ko pagcancel ko sa first condo kahit hindi ko pa naman na-apply for bank financing/PAG Ibig?

[@IOblivionl]

What if you bought a studio unit condo (pre-selling) for example for PHP2.4M, and upon turnover, the value has increased to PHP4M? Can you sell it for a profit if you have only paid 10-20% of the downpayment? Is this the same as pasalo? Thank you for your comprehensive video!

[@OwnPropertyPH]

Yes, you may sell it for a profit and that is called condo flipping. However, not all condos are ideal for flipping. Additionally, for you to maximize your earnings, you need to familiarize yourself with: 1. How it is done which includes how developers treat flipping, the assignment fees, etc. 2. Current market conditions and trends So I should actually make a separate video about it 😊

[@IOblivionl]

@@OwnPropertyPH In our developer (Empire East), it is said that there is a 250k transfer fee for such flipping. What is the normal practice, will it be the seller or buyer who will pay the transfer fee? YES! A comprehensive video about condo flipping will be great! If possible, can you include in the discussion the following: 1) Steps in flipping before turnover of unit (no bank loan yet) 2) Steps in flipping after turnover of unit (with bank loan) Thank you very much and happy new year! You're the best local real estate content creator who actually knows the real deal on the ground!

[@OwnPropertyPH]

@@IOblivionl It's usually the seller who pays the transfer fee. So a high transfer fee minimizes your profit. Yes, I have been planning to do a comprehensive video about that for sometime now. I'm just waiting for the market to improve 😅😊

[@travelspeedx]

@@OwnPropertyPH Hello mam. Is condo pasalo considered flipping? According to EE agent the 250k is transfer fee so even if there’s almost no profit with assume balance, seller still has to pay 250k? What if the Contract to Buy & Sell isn’t signed yet by the owner po?

[@mariegaudfr.5988]

Sa am I n patapos na po yunh 60 months pero gusto na namin ebinta kase nga walang mag alaga dito kase kami sa america kaya ebinta ko nalang. Now simcr tapps na kami sa 60 months pwede naba kami.mag stop magbayad kase nga ebinta na namin. Paano hindi me makahanap kaagad ng buyer .wala pa din clear when talaga mag turn over. Kase supposedly sa june na pero hindi pa tapos ang condo. Baka nga next year pa yan.

[@lermadonnachie735]

Sabi mo po, kung gusto mong ipasalo ang condo mo after 3 years (pre selling 5 years) mo nang binabayaran at ang price ay 4m, bakit 4m pa rin ang presyo? Ibig sabihin after 3 years mo nang binabayaran, ganoon pa rin ang market value o presyo (4m) - hindi nag increase? Thank you sa reply. Salamat sa video na katulad nito.

[@OwnPropertyPH]

Hindi po nag-increase kasi pasalo po. Ibig sabihin pinapasalo ang property para may mabawa sa mga perang nabayad sa developer o sa bangko 😊