Step by Step Condo Buying Process Philippines [PART 1 BUYING PRE SELLING CONDO]

[@laragermar3832]

Thank you so much po for this detailed discussion on buying a condo unit! I'm actually planning to buy a condo unit po and luckily napadaan ako sa vlog mo. Sobrang informative po ng videos mo. Keep posting! :)

[@andat1600]

Pretty good explanation. Thanks

[@OwnPropertyPH]

Thank you😊

[@ChonaBorja]

Thanks for this! Helped me when I was considering Kai Gardens by DMCI Homes. It isn't my first time buying a condo but good to have a refresher from time to time.

[@OwnPropertyPH]

I’m glad it helped you 🙂

[@jeraldb2868]

Very informative. I am considering proprty in Cebu or BGC. This video was very helpful in understanding the process, more importantly the fees required at the time of purchase/turnover. Thank you

[@DYAnzures]

Watching this in Aug 2024. Very informative video. It would have been great if I had seen this before I purchased real estate properties in the Philippines. Do you have any videos covering the nuances of selling properties by foreign investors? Are there challenges or special arrangements that need to be followed to repatriate proceeds of sale back to home country? By the way, I really enjoyed watching your video.

[@cebucreation]

Very detailed po. Salamat po ng marami.

[@pahinante_euro4truck]

Salamat maam..

[@j.r.6517]

Very Informative. Thanks 👍

[@meloimagpantay9949]

Napakagaling na video. Must watch for all. Very detailed. Magandang channel kesa sa cong tv hahahhah

[@OwnPropertyPH]

Salamat po 😊💕

[@yawebb45]

Very thorough! Thanks for the needed info!😊

[@micsnz]

thanks for the video!

[@pinoy_pageants]

Very helpful thank you

[@OwnPropertyPH]

Thank you for finding it helpful as well 😊

[@maricelbondoc6950]

Very Informative and Nice Video.

[@OwnPropertyPH]

Thank you, ma'm 😊

[@matheresadass4161]

omg this is a course. siksik ang info. thank you so much for this

[@OwnPropertyPH]

I'm glad you learned a lot po 😊

[@LemTanTV]

I learned so much from your very detailed and informative videos. Thanks po mam 👌😇🙏

[@OwnPropertyPH]

I’m glad that you learned a lot po 😊

[@taylor_eqt]

Very good and clear explanation! I wish you were my broker!

[@OwnPropertyPH]

Thank you so much 😊

[@zekzek03]

Ate content naman po about Real Estate Industry and Prices after pandemic or its timeline of prices as time goes by... Thanks po.

[@OwnPropertyPH]

Sige, I'll try to make this content 🙂 Thank you for the suggestion. It is very much appreciated.

[@zekzek03]

PS. It's like forecast in the real estate industry and real estate investment in the future years. Btw, salamat po

[@OwnPropertyPH]

@@zekzek03 medyo mahirap mag-forecast habang may pandemic pa nga lang. We’re still uncertain when this will end. May lambda variant na 🥺

[@zekzek03]

@@OwnPropertyPH like after po ng pandemic kaya naman po diba and for sure baka tapos na din yung mga subway and new railways.

[@sakuracuti3]

Hi! To answer your question, it might take 2 years pa. We also need to consider kase kung sino papalit sa current admin, from there we could forecast. SKL.

[@peter.erispe]

Correction lang po sa 3 Common Lending Sources sa chapter 10 starting at 16:20, it should be Pag-Ibig and not Deferred Payment (as shown in the screen). Overall, this is very informative and thank you for taking time to provide the full detailed steps. This is very useful and good reference in purchasing a condo unit.

[@OwnPropertyPH]

Thank you so much. Now ko lang din napansin sayang lang di ko na ma-eedit 🥺 In the past, I don’t watch my old videos after editing and publishing because it felt awkward to watch myself so I have videos with minor corrections. But now as I feel more comfortable, I watch my newer videos so it’s less prone to mistakes. For 16:20, I think I was supposed to discuss the deferred cash payment which is rent to own but I wasn’t able to discuss it. Anyway, thank you so much leaving a comment and I’m glad that you found this video to be informative and helpful 😊

[@mdnahidkhan1779]

Your explanation is very helpful sis po.

[@OwnPropertyPH]

Thank you po 😊💕

[@mariacristinadulay6492]

Very clear and helpful video. Thank you.

[@OwnPropertyPH]

Welcome po 😊

[@brokerbob7326]

Very Informative! ❤️

[@OwnPropertyPH]

Thank you, sir 🙂

[@ricksanchez9232]

Excellent discussions, thanks.

[@OwnPropertyPH]

Thank you 🙂

[@andyfrancisco9115]

You deserve a double like!

[@OwnPropertyPH]

Thank you so much 🙂💕

[@hannahedano3796]

This was very helpful! Hi I'm a student planning to rent out a condo, can you please do a step by step video on how it's done? Or at least give me a short answer on how it's done? Would really appreciate it! Thank you!

[@OwnPropertyPH]

Short answer: Set a budget, determine the property type you will rent, walk around the area to look for rental properties (or if you’re renting a condo, look for listings online), do a property viewing, ask for the terms and conditions, and once decided, the landlord or the broker will prepare the contract for you to sign 😊 I’ll probably make a video of the renting process in the future 😁

[@herbs369]

Hello, are you still looking to rent a condo? I have studio unit at Manhattan in Araneta City.

[@batangkulot7972]

thank you po

[@torqueboymechanic]

Very informative mam. Pydi ko copy

[@OwnPropertyPH]

Thank you po 😊 Panong copy po? 😁

[@missgjourney6835]

Thanks

[@coronaffordablehotelsandtours]

Galing!!!😊❤️🙏

[@glaicelgamil1312]

Yey! Very informative. Kaya napasubscribe ako HAHAH 🤩 I've been looking for rent to own condo for 2mos now dito sa metro manila, pero wala pa din kami nakukuha. Lagi ko po sinasabi Yung monthly income is 30k lang pero lagi naooffer mas mataas dun sa kaya namin iafford per month😟 kaya naisip ko manood muna ng mga ganito para alam ko na pag may nakausap na ulit akong real estate agent😊 but maybe you can help us po😊

[@OwnPropertyPH]

Hi, magkakaroon po ako ng video tungkol sa rent to own po. Hoping abangan niyo po. For sure makakatulong sa inyo 😊

[@thegooplife]

Watching this in 2024! 😮

[@vthel4]

Thank you!!!!!❤

[@ludwigclaridad8755]

New subscriber here... I am thinking to get one for passive income...any thoughts po about income replacement condo? Thanks!

[@jasonbyala]

This is very helpful! Im glad to have found this video 😊 May question lang po ako, hope you can help clarify... If for example Im done paying with my down payment and turnover was delayed, will I be compelled to settle the remaining balance right away? Or can I also delay my payment until the unit is ready for turnover? I understand in most cases these usually happen simultaneously. Thank you in advance 😊🙏

[@OwnPropertyPH]

Hi, yes, it usually happens simultaneously. So it really depends on what is written on your Contract to Sell with the real estate developer. You'll have to read the fine print on what their terms are if the turnover is delayed 🙂 Apologies in advance if this doesn't help much.

[@mary-ann1834]

Hi sir goodmorning i am working in japan po but kumuha po ako ng unit condo sa cebu and i think di kopo kaayo ipagpatuloy unit ko can i get reund unit is not turnover yet .

[@minmin_213]

Thank you for sharing in your video maam. Very informative 😊 If it's ok, Ask ko po feedback niyo regarding RLC (Robinsons)? Planning to get a pre-selling unit from them in Pasig. Thank you!

[@OwnPropertyPH]

Hi, RLC is one of the top developers in the Philippines. If the unit you plan to get is SYNC Residences, you may want to watch my latest video. I made a video about it 😊

[@asukaaano8113]

Hi pls make a video na condo in sucat. Im actually looking around sucat

[@OwnPropertyPH]

Will do. I'll soon feature a condo project in that area 😊

[@danieldemayo2785]

Hello po maam ask ko lang po if looking pa po kayo available din po yung condo namin sa sucat. Avida towers sucat RFO units po, but if naka kuha na po kayo kay maam Me-an mas great po 🤟😄

[@pointdexter3435]

This is so helpful and informative. Pwede po bang ibenta yung condo just before the turnover?

[@OwnPropertyPH]

Opo, pwede po pag allowed sa contract. Usually may kailangan lang pong bayaran na transfer fees with the real estate developer po 😊

[@virgiliomagtalasiii7010]

Thank you for this guide😇❤️😊😊

[@OwnPropertyPH]

Welcome po 😊

[@itshanakin]

Very informational po. Kinuha po ng developer yung loan proceeds ko kahit wala pang turnover notice. Nagsign na ako ng deed of absolute sale kasi sabi June turnover but until now wala pa din. Nakukuha ba talaga ng developer yung balance kahit walang inspection man lang ng unit?

[@pstrophyhunter2862]

nosebleed ako sa dami ng info, beginner pa kasi 😄

[@OwnPropertyPH]

Pwede niyo pong ulit ulitin yung video at i-press sa parts na mas need niyong maintindihan po 😊

[@amelitabim4656]

sa spot cash payment mode po ba. ay magbabayad na (example of the tcp is 3M then magbabayad na ng 3m?) ganun po ba. kahit kaka launch pa lang ng project..paano kung di natuloy or na delay ang projecy. ano po ba ang protection ng buyer. dito.

[@nataliabeautyshorts]

Maraming salamat po sa libreng payo. Maari nyo po bang maliwanagan. Ang license to sell po ng condo nakasulat na maximum 4 milion po ang selling price. Pero bakit po binibinta nila sa akin ng 7 milion? Ang condo po ay in construction pa lng.

[@pynckx101]

what about Arcovia Palazzo in Pasig maam?

[@angelloc6236]

na bombarded ako sa mga info, ayoko nalang bumili

[@OwnPropertyPH]

😆😅 Ok lng din nman po. It all depends on your current finances and your goals 😊

[@kojimavinsmoke3584]

Thank you

[@OwnPropertyPH]

Welcome 😊

[@herviesarad3639]

Liked your video on step by step information. Though I have a question about getting the CCT certificate. Is it the buyer responsible to pay for it if it's still under developer?. I hoping for your professional response 😍

[@OwnPropertyPH]

Hi, when you purchase a property from a real estate developer, you also pay them miscellaneous fees which automatically covers the expenses incidental to the registration of CCT under your name 😊

[@wallylove]

Hello, thank you for your informational videos. I want to ask; would a bank finance a condo unit to a foreigner who does not live in the Philippines? If so, how would the qualification process work? Perhaps you can make a video on the topic.

[@OwnPropertyPH]

I regret to inform you that a Philippine bank won’t finance a condo unit to a foreigner who does not live in the Philippines not unless you will be getting a loan from your bank that has a Philippine branch. However, if you can get a home loan from your country, that would be better since chances are, the interest rates are cheaper or better 😊

[@wallylove]

@@OwnPropertyPH got it, thank you very much

[@JoeyPenuela]

Another great video! Wondering what are the average turnover and closing costs, other than the property’s actual cost.

[@OwnPropertyPH]

Hi, turnover and closing costs vary per developer. Some developers have miscellaneous fees (turnover and closing costs) which start at 4% of the contract price. Meanwhile, there are other developers whereby closing costs can be paid during the downpayment period, before bank financing or could be included in the loan amount, the rate depends on the chosen period the closing costs are paid. This may start at 3% of the contract price. And then the turnover fees depend on the prevailing rate of the utilities, etc. before actual turnover 😊

[@JoeyPenuela]

@@OwnPropertyPH Ok thanks Me-an. So typically, the upfront cost totals around 23-24% (20% down) before a buyer picks up the key?

[@christinemontegrejo2640]

​@@OwnPropertyPHHi Mam Me-an, would like to ask your expert opinion on what is Conversion Cost (paying equity for 12 months then start amortization on the 13th month from in-house to Pag-IBIG)? Thank you po.

[@cebucreation]

May I ask po, sa video time 10:40 kung saan napunta yung other 10% from TCP po. Dahil 10% lang po yung DP tapos 80% lang po yung ramaining, san po yung 10% .

[@gemjeweled]

Your videos arre so useful ma'am. I like the format that you used, short lang, titles are easy to look up pag gusto kong balikan. Question though, how do I check if a condo developer issues CCT when buying a condo? I am renting a condo now and one of the problems I found out is that the developer keeps on promising that they will issue the CCT over the years but they have never fulfilled their promise.

[@OwnPropertyPH]

You mentioned that you are renting the condo not owning it so even if the real estate developer promises that they will issue a CCT, they won't be issuing you a CCT since you don't own the unit po. Only those who have fully paid the condominium will receive the CCT 😊

[@gemjeweled]

@@OwnPropertyPH Let’s take out the case of me renting out the unit, i just added that because I found out that issue while using the unit. Let’s assume that I am considering a purchase, what should be the answer to the question?

[@MariaFeEGemina]

Pamo po maka pira

[@linematz2000]

very imformative..! thank you miss pretty..! im so glad to found you here..! may tanong po ako.. na sobrang naka stress sa akin.. bumili ako ng condo , preselling pa lng.. din paid ko na rin ang 15% advance payment ng condo..pati yung Transfer Certificate paid ko na rin.. Now time na i turn over na nila sa akin ang condo unit.. kaso wla ako sa pinas.. hindi din mka uwi dahil sa pandemic... ask ko lng po... mag interest ba ang developer sa aking remaining balance na 85% sa contract price..? thank you po miss pretty...

[@OwnPropertyPH]

Hi, it depends po sa Contract to Sell niyo so better read po para malaman kung how much interest rate ni developer. I suggest magpadala kayo ng consularized SPA sa kamag-anak niyo o kaibigan para matulungan kayo sa pag-apply ng home loan at ma-turnover din sa inyo yung condominium unit 😊

[@jobelleferriols4678]

Gud am po noong last year pa po ba tong video po?

[@OwnPropertyPH]

Hi, ma’m, last year na-publish pero applicable pa rin hanggang ngayon po 😊

[@jessamarieremetio7623]

Thank you for the info ma'am. May question lang po ako about sa payment of equity. Nagpaiwan sila ng postdated checks para sa monthly payment, ask ko lang po if need ko pa humingi ng OR for the payment or ok na ung post dated checks? Yung contract to sell nabigay na dn po sa akin. Thank you and keep vlogging! 😊

[@OwnPropertyPH]

Supposedly may OR kang matatanggap at depende sa real estate developer, maaring hindi sila kusang mag-send ng OR. So need mong hingiin din po iyon for your protection 😊

[@fransfranz6190]

Napakainformative ng channel nyo mam. Sana po maidiscuss nyo rin yung mga Rent-to-Own condo or yung mga Condo Early-Occupancy-Program. More power po.

[@OwnPropertyPH]

All right po 😊 I'll add it to my list of topics to discuss. Salamat po 😊

[@TheHappyMelo]

hi, would you also know the process for the deed of cancellation? Planning to cancel my acquired unit before RFO.

[@OwnPropertyPH]

Hi, I assume based on what you said that you purchased your unit from a real estate developer. So you may ask help from the agent who assisted you with the purchase or you can ask the customer service of the real estate developer to let you know their process. Each real estate developer’s cancellation process varies but for the basic part, the Contract to Sell will be terminated on the document you must sign 😊

[@Kyleqsh]

Hello, Ms. Me-an, I'm such a fan of yours as I'm watching your videos while planning to buy a condo unit. :)) Just want to ask if the house loan will be offer by the real estate or should I be the one to find one?

[@OwnPropertyPH]

Hello, it depends on the real estate developer if they will be assisting you but if ever, I can also assist you with your home loan if you need one. I’m accredited both with BDO and BPI and rate is the same as the one offered in the market. I’ve established good relationships with the officers so I can help expedite the loan application 😊

[@Kyleqsh]

@@OwnPropertyPH Thanks for quick reply, I would happy to be helped. However I’m still on the process of searching a right unit for me.

[@joshgolo8370]

Any tips/ things to consider po buying "AFFORDABLE" condo? 1.9-3 M po. I'm eyeing kasi to buy from CDC holdings inc.

[@OwnPropertyPH]

Considering the price of the units, not bad naman na po siya kung iyon yung pasok sa budget niyo po. High density kaya maraming kapitbahay at marmaing kahati sa amenities pero affordable rin ang association dues at amilyar kaya extend patience po 😊

[@wilsongan9946]

Mam puede po makahingi ng payo nyo. Sapat na po ba nakasaad sa contract to sell ng condo unit na wala ng puede maghabol sa property kapag na notarize na ang doas. Hindi kasi ma produce ng seller ang cenomar nya. Single kasi nakalagay sa original deed of sale. Salamat po.

[@magtanggoljosejr3495]

What shall I do if I paid off my condo upon RFO . How long can I get my title from RLC who is the owner and developer ?

[@1mw4tch1ng]

Question, once the condo unit is turned over to the buyer/owner from the developer is there a warranty from the developer for issues found by the owner? If so, for how long and I assume all is covered within the condo unit?

[@farymaldonado3749]

Thanks, What’s the best bank for foreigners living in Philipines, to purchase condo? Thanks,

[@OwnPropertyPH]

Hello, Security Bank or BDO. However, if you are purchasing a preselling condo, you need to make sure that the real estate developer is accredited by the bank 😊

[@farymaldonado3749]

@@OwnPropertyPH Fillinvest

[@tasuux3177]

Very informative po! Thanks for making this video. Tanong ko lang po, during a condo pre-selling, if one decided to pay in full for the condo unit, the project would take at least 4 years, which means that the turnover would only take place a little over 4 years. When will one start paying the property tax? Thanks po in advance for your kind reply.

[@OwnPropertyPH]

You will start paying for the real property tax once ownership has been transferred to you. This means that the Condominium Certificate of Title and Tax Declaration is already under your name 😊 Since the condo unit is still pre-selling, usually developers retain P 50,000 of the total contract price, then they start the title transfer process after the unit turnover. So if your developer practices that, you’ll start paying for RPT after 4 years.

[@tasuux3177]

Many thanks po sa reply. This helps a lot!

[@davidw5761]

My brother purchased a condominium apt in Manila but he has no deed its the uptown ritz in the GBC area he is paying the realtor not bank or financial institution she gives the money to the developer but gets no receipt or proof of payments is this right ok. Thank you

[@sarahsermise1845]

Hi new subscriber po pag international property specialist po kailangan pa po ba Ng PRC licence? Kase hinde na daw applicable Ang batas Ng pilipinas

[@OwnPropertyPH]

Hindi po need ng PRC REB license pero dapat may kasama kayong REB at meron ka pong PRC accreditation. Kahit na sa ibang bansa ka po, Philippine properties ang binebenta mo po at kung hindi ka legal real estate service practitioner, wala kang habol sa real estate developer kung sakali na hindi niya ibigay ang commission mo po. Usually pa naman matagal matanggap ang commission lalo na kung preselling ang property na binebenta

[@amordominguez5224]

May part 2 na po ba ito? Thanks ☺️

[@OwnPropertyPH]

Hi, pasensya na po pero wala pa po 🥺 Inuna ko muna yung ibang videos na mas urgent po.

[@amordominguez5224]

@@OwnPropertyPH okay! Thank you pa rin po. Will wait for the 2nd one nalang 😊

[@OwnPropertyPH]

@@amordominguez5224 maraming salamat po 😊💕

[@Kimserrano8856]

Hi, I found this video very informative. Thank you for creating this. ❤ I am planing to buy 1 Bedroom unit in Modan Lofts-Taytay Rizal. May I know your thoughts regarding the project - like location & etc. Thank you, it would really mean alot if you notice my comment. 😊

[@OwnPropertyPH]

Hello, the location has room to increase in value since a train will be built near it. Meanwhile, the position and orientation of the unit you’ll choose would depend on the purpose of why you’re buying the unit. By the way, ma’m, I’m actually selling also Modan Lofts. If you would like to discuss further and you would like to know the latest available units and sample computation, you may email me at [e-mail] and we can set a virtual meeting po 😊

[@miniemoh]

New subs here. May I ask po if anu ang basis ni developer sa pagbigay ng due date when paying downpayment? Is it on the signing date of cts? Meaning 30days after? Or right after paying the reservation fee?

[@OwnPropertyPH]

Due date when paying downpayment depends on their terms and conditions. May mga developers din na late magbigay ng CTS pero ang tamang practice, a month after reservation ang start ng down payment at bago mag-simula ang monthly payment, dapat napirmahan na ni buyer ang CTS 😊

[@asiaryvi]

Is 5.4M studio unit in Avida Sola Towers, good? 22sqm lang.

[@OwnPropertyPH]

Hello, it is good naman po if you are buying in Quezon City area

[@torqueboymechanic]

Shout out idol

[@OwnPropertyPH]

Hala di naman po ako sikat para mag-shoutout 😆😅

[@cloud4462]

16Min. Nag stop ako. Grabe ung braincells ko over flowing na 🤣 BTW advance Thank you for this. Very helpful tips.

[@OwnPropertyPH]

😆 but I’m glad marami po kayong natutunan 😊

[@yourmusic5298]

Hi ms me-an good day! question lang po, curious lang po since I'm planning to enter the world of real estate 😊.What are the differences between in-house property specialist vs real estate sales agent?same lang po ba sila or not? Salamat po sa sagot. Btw subscriber mo po ako 😊.

[@OwnPropertyPH]

Good day! Similar lang po sila 😊 Pareho silang job tiles ng real estate developers. Depende nalang sa real estate developer kung anong itatawag nila sa employee nila 😊 Salamat sa pag-subscribe. Maglalabas ako soon ng video tungkol sa real estate agent commission. Hoping abangan mo yun 😊💕

[@yourmusic5298]

@@OwnPropertyPH thank you so much sa pag sagot at sa mga informative mong videos about real estate industry. Hoping na madami pa kung matutunan at makalap ng information about here. Aabangan ko lahat ng vlogs mo. Again thank and continue helping us na gusto pumasok sa mundo ng real estate.Godbless and keep safe! ❤

[@OwnPropertyPH]

@@yourmusic5298 maraming salamat 😊💕 God bless and keep safe rin 😊

[@lermadonnachie735]

​@Own Property PH Hello. I've watched this useful video before. Now I'm watching again because I would like to know or if anyone can share some information about how much commission your broker/agent (whatever their name is) gets during the turnover. I look forward to hearing from you and/or anyone in due course. Many thanks. Take care. God bless 🙏

[@czarina110]

I need your help, how to connect with you po?

[@CuteGoldenTiger7773]

Madam... On Spot cash buying, how much % discount given by the agent.

[@OwnPropertyPH]

Hello, it depends on how much discount the real estate developer is willing to give its buyers po 😊

[@JuliusSansano-b5j]

Hi, is it normal for the unit to be priced higher when it's facing the amenities area?

[@OwnPropertyPH]

Yes, it is common for units that face the amenities area to be priced higher compared to units that do not because it may offer better views and a more desirable living environment. However, a value of a unit is not solely based by its orientation or view. Other factors like size, floor level etc. should also be considered when purchasing a unit 😊

[@brickchaser5688]

...another informative video, altho I found myself "lost" in steps 11 & 12... no worries paying the turnover or one-time membership fees, but moving forward, how can a balikbayan or foreigner pay the monthly utility bills like electricity, water, internet connection, etc. if he/she lives in the condo for just a few months each year? What are the options, if any? ... I guess it's quite important for the owner (balikbayan/foreigner) to be present during the turnover so that the unit can be inspected to his/her satisfaction. Does this mean that it is only after the inspection can the owner go about hiring an interior decorator?... Maybe you could make a future video regarding this topic... thanks again Me-An and as always, keep up the "great" work!!!...

[@OwnPropertyPH]

Apologies for the confusion in steps 11 & 12, I think I need to create a separate video for that since it needs further explanation 😊 For your first question, because of the pandemic, businesses more than ever are embracing technology which gives their customers to pay bills online via their website, app, or other platforms. For example, for Meralco you just need your customer account number and you can pay via their website. Utility bills can also be paid via an online marketplace app like Lozada. But for those who still don’t want to be burdened with such an option is to hire a property manager. For the second question, indeed, it is only after inspection and formal acceptance of the unit will you be allowed to hire an interior decorator or designer. Only upon the formal transfer of the physical property can you put furnishings and make changes. Thank you so much for the encouragement. I really appreciate it especially that it’s time consuming to create videos 😊

[@brickchaser5688]

@@OwnPropertyPH ...no need to apologize, you're doing great and most helpful!... it's just that this particular video has so much (important) content that someone not familiar with the PH real estate process can somehow "get lost" and that's what happened (to me)... hehehe!!!... Like you said, you can probably make another/separate video by discussing Steps 11 & 12... I find these last two steps quite important due to the fact that each country has a different way of handling real estate ownership... ...as far as the subject of interior decorating and hiring an interior designer is concerned, that's another video you can dive into and share the process to your viewers, which I think is quite interesting, especially to foreigners thinking of hiring one; not to mention a big help not to be a victim of a fly-by-night designer... Looking forward to more informative videos... thanks a bunch!!!...

[@OwnPropertyPH]

@@brickchaser5688 Yes, I’ll definitely make more videos 😊 Yes, I’m also thinking about sharing my experience with an interior designer, a contractor, and an interior decorator. As well, as the licenses that clients need to look for when working with them 😊

[@lisettelaresma1646]

Hi po maam, ask co lang po kailan mag start magbayad ng real property tax sa condo unit?after turn over ba?bgo ibigay yung title? And yung title nka name n po b s unit owner o sa developer p rin?

[@OwnPropertyPH]

Ang start sa pagbayad ng real property tax ay after turnover. Hindi kailangan na nasa unit owner na nakapangalan ang titulo po 😊

[@mccataylo8018]

thank you for this informative video. im planning to buy a condo parking slot, question lang, is parking slot a rights only or is it actual ownership?

[@OwnPropertyPH]

Hi, it depends on what is being offered by the real estate developer but most often than not, it’s actual ownership since there is a designated slot for each owner who purchased a parking space 😊

[@brendacayundaong5617]

Paano mis me-ann If yong mga staff ng developer walang pina kura sakin ng details ng condo at pinasok nalang nila ang pera ko sa developer?

[@OwnPropertyPH]

Ma’m, ano po “pina kura” at paano po nila napasok ang pera niyo sa developer?

[@tonicfortiredeyes185]

Im looking to buy a property in the Philippines. Can you assist me?

[@OwnPropertyPH]

Hello, ma'm/ sir. It depends if the property you intend to purchase is located in Metro Manila since I'm a Metro Manila based real estate broker 😊

[@roviejohnmundas3721]

Hi sir @Tonic What a wonderful day! I’m on a mission to help people find their dream homes by the end of the year. I’d like you to be one of those people and I want to be the person that finds your dream home in the shortest time frame possible. Would you be open to meeting with me tomorrow for a presentation or a virtual presentation? Rovie John J. Mundas Sales Property Consultans Filinvest Davao

[@jizellemontilla6235]

if you bought condo, sayo na po yan forevs? Thanks

[@OwnPropertyPH]

Opo unless otherwise stated pero majority ng condo sayo na po at pwede ring ipamana 😊 mawawala lang po iyon sayo kapag hndi ka nagbabayad ng association dues at real property tax (o amilyar)

[@bobaquino70]

Ma'am m planning to buy a condo in tagaytay. Could u b my sales agent. Ty po

[@OwnPropertyPH]

Hello, sir, may I know from which real estate developer you are purchasing? 🙂

[@seamandaragat6426]

hello maam..ask ko lang po regarding sa assumed balance ko na condo nakaloan po xa sa BDO and sw kanya po nakaname ang loan..ano po ba mga documents na dapat ko panghawakan para if matapos ko bayaran ay di ako magkaproblema sa pagkuha ng certificate of title sa bank..at para secured ang pagbuy ko

[@OwnPropertyPH]

Kailangan niyo po ng ready na Deed of Absolute Sale at ihanda yung pera na pambayad sa taxes para malipat niyo kaagad pagka-tanggal ng annotation sa Condominium Certificate of Title po 🙂

[@seamandaragat6426]

maam what if peke ang binigay na contract to sell ng SPA ko..kasi pinatuboan nya yong original price na inasume ko na condo..ang nkakagalit peke pa ang binigay sakin na contract to sell ano po kaya ang magandang gawin nito

[@fmar_0220]

💯

[@jeromeraymundo8255]

Is it possible to get approval for bank financing first before mag commit sa pag purchase ng condo para mas sigurado?

[@OwnPropertyPH]

Yes, you may get conditional approval but usually the banks entertain this if you are purchasing a resale condo 😊

[@danielhipolito9579]

Pag may itutuloy kang unit at gusto mo nang bayaran kagad nang buo ang interes ba ay baba?

[@OwnPropertyPH]

Opo, bababa po ang interest kasi wala na rin ang utang 😊 Pero check niyo rin kung may prepayment penalty po 😁

[@johnvencentadier5265]

Nag bebenta karin po ba maam re-sell condo?

[@OwnPropertyPH]

Opo pero within 2km lang from where I live kasi para madaling mag-property viewing po 😊

[@johnjimenez7840]

Mam me-an, tanong lang po, is it allowed po ba sa philippines to own a condo or land ang below 18 years old. If allowed po. Meron po ba disadvantages. Salamat po

[@OwnPropertyPH]

If below 18 years old, the underage may only own a property if the parent pays for it or the parent's donated it and paid donor's tax 😊

[@ninobercilla1071]

Ako mam gusto kopo first timer Po

[@kasm.pasaulan9672]

Hello. This is a very informative video. I just wanna ask if after paying the down payment, you weren't able to secure a loan to pay the remaining amount, would you be able to get a full refund from the developer? Thank you.

[@OwnPropertyPH]

Hi, you can’t get a full refund but you will be able to get the cash surrender value equal to 50% of total payments you’ve done so long as you’ve paid at least two (2) years worth of installments. If you’ve made at least five (5) years of installment, you are entitled to an additional 5% for every year of installment 😊

[@meloimagpantay9949]

Hi ate. Looking for pre selling condo within mandaluyong as I work there. San po maganda maghanap. Sang sites and may marerecommend po ba kayong real state agent? Thanks

[@OwnPropertyPH]

Hi, I'm based in Mandaluyong City and I'm a licensed real estate broker so I can offer you different preselling projects po. There is also a new project about to launch by mid-September 🙂 You may message me at [e-mail]

[@meloimagpantay9949]

wow. What a luck. I will work at Accenture mandaluyong soon. I will communicate with you for the following months. Thanks

[@Potathings]

Do I have to 1st look for a condo or do I have to check with pag ibig first to see how much I can afford?

[@OwnPropertyPH]

You can use the Pag-IBIG loan calculator www.pagibigfundservices.com/ac/ then look for a condo project that allows Pag-IBIG financing for the balance 😊

[@meloimagpantay9949]

Can you make a video about top 5 pre selling condos in 2022 hahahahahhah

[@OwnPropertyPH]

That would be quite challenging since each preselling project caters to a different market and varies in location. For example, a condo may be a top but not anyone would be able to afford it.

[@pepsijr8704]

I bought a condo unit at Major Homes in their condormitel project in CM Recto Avenue near Far Eastern University. I paid the 30% downpayment in 2 years as required. The promised handover was in December 2017, however todate it is not handed over to us because the project is not progressing. What is my right to refund with interest on my 30% down-payment which has been fulfilled in mid 2017. By now it has been 5 years ago. Can we refer this mater to RTIA

[@OwnPropertyPH]

If the real estate developer has not completed the project within the period of time fixed by DHSUD which is stipulated in the License to Sell, Contract to Sell, and advertising materials, you may notify the real estate developer that you will stop paying them because of their failure. And then under P.D. 957, you can demand the total amount you paid less penalty interest but with interest at the legal rate. If they refuse to do so, you may file a complaint with the Human Settlements and Adjudication Commission. I’ll be making a video about it to help you and other buyers who encountered the same problem 😊

[@erwanngq.c.3308]

❤👍🏽

[@OwnPropertyPH]

Thank you 😊

[@amielsena3649]

Sa dami ng kailangan asikasuhin at bayaran parang wag nalang 😂

[@ionutmititelu2083]

Presale buy in third world country is a big no no no. The developer raise money first from you and people , even before they get any license . The developer can go bankrupt by underestimate the cost of everything, they can face any trouble in the process of construction , they use your money to build and you can louse all if constructor get bust

[@OwnPropertyPH]

It’s not really a no no per se. It really depends on the real estate developer since reputable ones can really deliver on time and they don’t need to rely on the money of those who purchase pre selling because they have the equity to finish it 😊 Also, funding is important in condominium development because the taller it is, the more expensive it gets so there will be better foundation to support the whole structure. Some buildings also follow performance based seismic design and add innovations like a viscoelastic coupling dampler to be more resistant to earthquakes thereby protecting ones investments.

[@startupwebdotme]

Very helpful. :)

[@ronaldobenedicto-b7v]

Good day mam! May tanong po ako example po 24 mos ung term ng dp po for pre selling tapos po bglang nxt month ready for occupancy na kailangan na po ba bayadan ung remaining or drecho pdn ung 24mos dp bago mag bank loan :) many tnx po