Rent to Own

[rv]

good day fellow tsikoteers

i have a brand new 58sqm loft type 2br & 2tb condo unit RFO at xavierhills granada st. corner n domingo new manila qc. rent to own at 23k monthly amortization for 8yrs more. parking not included but can be rented or bought for 500k. i got it in april 02 and was turned over only last jan 06. so far i have put in a little over 1.2m all i ask is my ROI plus 50k then anyone can assume the in house financing with empire east. i can also give terms within a reasonable time frame. if anyone wants to see the unit let me know. i can also send you pictures. just pm me your email or you can reach me at 09228783653 thank you and good day to all god bless

[theveed]

rv: Please dont make this a classified thread, I suggest you edit your post and just send PM or whatever.

Ads are not allowed.

[rv]

sorry po

[theveed]

walang kaso pare

That's a nice neighborhood btw, used to live sa may N.Domingo area as well... Syang di kaya ng budget ko yung offer mo hehe.

[rv]

no prob my bad bro. will visit big berts one of these days at the ortigas area. saw it one time cause my friends owns the resto beside you (jj's inasal) and the badminton courts down by auto camp (smashville) booming area that place! good luck and more power

[mazdamazda]

theveed... ayaw mo mag financing through pag-ibig para mahaba ang payment terms?

[orly_andico]

ok nga pag-ibig. most of the better developers are already accredited with pag-ibig and they handle everything (appraisal, pre-screening, and so forth). all you have to do is attend the pag-ibig seminar (half day, afternoon) and cough up your credit documents (ITR, certificate of employment with compensation.. although theveed also has a bizness, i dunno how that works).

pag-ibig pros:
1. seamless integration with developers
2. not-so-strict credit rating
3. loooooong payment terms

pag-ibig cons:
1. capped at 2M or 2.5M (don't try buying a serendra unit on pag-ibig..)
2. at higher loans (e.g. 1M+) lower % loanable (90%)
3. higher-than-bank-average interest rates (about 1 point higher)

pero for the credit-unworthy such as yours truly, pag-ibig is teh bam!

[revoGSX]

ako dun plano ko din yung rent-to own na yan.. we are currently renting a condo and syempre parang sayang yung every month na bayad mo.. then you have to renegotiate the contract every year which is isang hassle din.. tapos lipat din ng mga gamit which is another hassle din..

yung utol ko kumuha sa GA towers dyan sa edsa mandaluyong... 15 years to pay.. forgot the loan terms nya sa pag-ibig..

[orly_andico]

GA Towers is on the expensive side.
bad thing is tower 1 is completely sold out na.

tower 2 ginagawa pa.

makakamura ka ng malaki if you buy and start paying habang hindi pa tapos. pero wait ka ng 1.5 years minimum.

[theveed]

M2: Malamang PagIbig, but have to find out how they'll consolidate my contributions from 3 different companies the past 7 years...

Bad trip condo medyo, just found out about their parking rates hehe, sobrang dagdag sa presyo. To think na you can get a bigger house and lot with parking na in some subdivisions...

Hanap din kasi namin as much as possible Pasig/Marikina area... Sarap ng walang coding kasi kung bahay at work mo walang coding :P

Usually ba ilang years to pay ang mga housing loan?

[mazdamazda]

M2: Malamang PagIbig, but have to find out how they'll consolidate my contributions from 3 different companies the past 7 years...

nakupow... sakit yan sa ulo.

AFAIK... walang centralized account number sa pag-ibig... iba iba ang ibigay na account number sa iyo when you move to another company.

how much ba yung contribution mo sa pagibig? yung basic P100 or may dagdag?

[Renelmac]

sir david,
Its good na yun yung area na hinahanapan mu, at the moment mura pa yung area na yan per square, downtown pasig area to marikina/marcos highway. im not an agent, ive just been researching heavily on real estate past few months. may area's dyan na below 5k pa ang per square in a subdivision na yun. What I would suggest is either go through bank process yung mga foreclosed properties (you can find some on the net like psbank.com.ph or sa manila bull classifieds pag sundays or buyandsellph.com) or talk to the developer, im sure sa area na yan maganda mga rates kasi maraming space but not many people. just keep in mind yung mga "act-of-god" possibilities i.e. marikina fault line, and traffic hell sa rosario area pag floods HTH

[oldblue]

bakit sobrang mahal ng serendra? pinakamababa 7M. pag titignan naman parang maliit ang space. add to the fact na ang lapit sa squatter's niyan market market.

[oldblue]

to those who are planning to buy homes at Cainta, Taytay or Antipolo area tapos daily travel sa ortigas ave. ext. eto lang masasabi ko monstrous traffic! as in everyday lalo na pag rush hour. wala pinipili oras kahit 10pm or 11pm, ang sikip!

one reason the G.Liner + RRCG monopoly. squeeze a fleet of Edsa-like bus liners sa 2-lanes highway like Ortigas Ave. Ext. minsan kasi I go home there at my in-laws.

from Cainta junction may kasabay ako RRCG bus, pagdating ko ng Medical City kasabay ko pa din! and to think ilan beses tumitigil ito! parang nag-commute din ako eh!

i even experienced observing this ***y girl who was in a waiting shed somewhere between cainta & rosario (can't remember). and I saw her boarding a Crossing-shaw jeepney. had my dad's driver drop me off sa shangrila-mall. pagpasok ko sa revolving door nakita ulit yun ***y girl umoorder na ng coffee sa starbucks.

[Renelmac]

old blue, i know what you mean about dun sa busses...worse is 3 silang companies may prince liner din..but to be fair naman, may jeeps din kasi and kahit yung mismong mga nag-cocommute garapal din minsan kung saan saan nlang naghihintay para maka-sakay, may trikes ka pa. choke point talaga yang area na yan dahil sa amount of public transpo plying that route.. serendra naman, i think malaki talaga ang hatak ng developer name, in my opinion ALI is the best real estate developer in the country..kahit siguro katabi nya squatters area mapapaganda pa din nila yung value ng land through service talaga

sir orly_andico
pa-pm din nung info if you don't mind..would love to know more kasi

[vq querol]

pag ibig pa din ang lowest inetrest and longest terms govt kasi, they even have condo.

[orly_andico]

actually hindi, bank rate is lower than pag-ibig. 13% to 14% ang pag-ibig. sa BPI published rate it can go as low as 11.x %

yun nga lang BPI is notoriously strict (mababa nga interest, di ka naman papautangin). the value proposition of pag-ibig/the government is the longer terms and the more accessible lending.

[chieffy]

theveed. kapag nadaan ka na lang ng bookstore buksan mo yung book ni Larry Gamboa na Think Rich Pinoy...nandun ata yung cell number at e-mail address niya...meron ako nyang libro kaso di ko matandaan kung saang kahon ko nailagay he he...he is into buying ang selling foreclosed properties...rent to own ang sistema nya...

[orly_andico]

yeah,
hindi issue yung pag-ibig contributions. 200 petot lang naman yun eh.

to apply for a 1.5M loan you have to be paying something like 2000/month to pag-ibig?
they will make it retroactive naman eh (meaning, kasama sa monthly amortization mo yung new pag-ibig membership contribution mo).

so it's not worth it to go digging for records of your past 100-petot contributions over the past 5 years.

[nemo's friend]

try nyo din po china bank - may offer sila ngayon housing loan for 9.75% interest (pero mahal processing fee P5k in all). ok din BPI, pwede approve up to 80% of appraised value depende sa banking history mo with them.

recently ended up accepting a PS Bank package for a housing loan. tinapatan yung BPI offer with interest protection pa. mabilis din processing nila.

better own than rent ... iba pag sa iyo. mas rewarding magsikap sa buhay :-)