Tips to Know Before Investing in the Real Estate in Cebu Philippines

Published Date : May 30, 2018 Buying Tips Financing Property Recommendations Real Estate 101

Are you pondering on buying a piece of real estate in Cebu Philippines? You are making a sound decision—after all, Cebu is one of the fastest-growing provinces in the country and is the business capital of the Visayas region. It can be profitable to invest in a property in this province if you know what you’re doing. Keep these tips in mind if you want to buy real estate in Cebu Philippines.

  1. Browse online real estate platforms for property listings

The easiest and quickest way to see available real estate in Cebu Philippines is to check out properties listed on reliable online property portals. This will quickly show you your options and give you a clear idea of the choices and price points available. You can also compare different properties and see which one is the best suited to your budget and requirements.

  1. If you are a foreigner, find out what properties you are allowed to buy

Philippines laws do not allow foreigners to buy land in the Philippines. But don’t worry—non-Filipinos still have several options. One, you can just lease a public or private land for 25 years (renewable for another 25 years). You can also buy landed property through a Filipino spouse or a legal trustee. The third way to buy property in Cebu is to form a corporation with 40% capital coming from you and 60% coming from a Filipino.

You can also simply buy a condo. Foreigners are allowed to buy condos in the Philippines because these types of real estate properties do not involve land.

  1. If you want to buy a beach property, note that the shoreline is owned by the government.

Cebu’s beaches are some of the best beaches in the world but do note that you only own the property that you are buying—not the shoreline. You will need to get a Foreshore Lease from the government if you want control over the beach from the high tide mark to the low tide.

About the Author:

This article is written by Aakanksha Sangtani, working as an Executive Assistant at Housal Inc., an online platform for real estate, addresses the unfulfilled needs by harnessing technology and bringing all-related solutions under one roof. For buyers, tenants, sellers, brokers, agencies or developers, it encompasses all their answers from property matching, listings, management, analytics and much more. Housal Inc. is the evolution of the real estate process – empowering the real estate industry for the future.

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Tips to Know Before Buying an Apartment in Manila Philippines

Published Date : May 29, 2018 Buying Tips Property Recommendations Real Estate 101

There are a lot of things to consider before you buy an apartment in Manila. You need to do your research to be able to get the best deal for your money. Before you make any rash decisions, here are some things to keep in mind:

  1. Don’t just look at the price

First-time buyers of real estate are usually tempted to buy apartments in Manila that have relatively low prices. But they fail to look at the other aspects of living in that area of the city. A budget is definitely important when searching for a property to invest in, but it should not be the only basis for your decision.

  1. Check out the neighborhood

Think about your daily routines and your overall lifestyle, requirements and look for the nearest market or mall, when you buy an apartment in Manila. You should think about the schools in the vicinity if you have kids. Is your place within a few minutes hospitals and other amenities? If you want to rent out the apartment to tenants, think about what their needs might be.

  1. Find out the age of the building

Any building has a specific lifespan. Before it reaches its limit, the owner must have done repairs and reinforcements to add more usable years to the structure. Ask the owner what major repairs have been done in the past few years. It is recommended that you get a report from inspection experts to determine if the property is still feasible.

  1. Look at the space and flow of the apartment

This is particularly important for families who have future plans to have more kids. You may need at least 2 to 3 rooms to accommodate everyone. You should also have enough space for kids to run around, play, and study.

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Purchasing a Foreclosed House and Lot in The Philippines – Get to know its Benefits

Published Date : May 28, 2018 Buying Tips Community Guide Financing Industry News Property Recommendations Real Estate 101

Are you considering a foreclosed house and lot in the Philippines to be your new home? Is it safe to live in a foreclosed property? Do you really get to save a lot of money by buying one? Buying a foreclosure and selling it for a higher price later can certainly be profitable if you know what you’re doing. Here are just some of the many benefits of doing so:

  • You can get a foreclosure at a lower-than-market price, in most bases. The bank that now owns the real estate will do everything it can to sell the property. It needs to earn off the house and lot. The bank may offer low down payments, long payment terms, lower interest rates and others.
  • You don’t have to worry about the title because it is sure to be clean. All the documents have been prepared by the bank that owns the property. This is one of the many benefits of buying a foreclosed house and lot in the Philippines.
  • Foreclosed properties are generally cheaper than brand new houses. You can save more when you buy this type of real estate as opposed to purchasing or building a new one. But you should see the actual property to check the needed repairs to be done and to determine the total cost that you will incur.
  • You are purchasing a ready-to-move-in home. Compared to new houses that don’t have electricity and water connections yet, these houses are usually already fitted for utilities.
  • Take advantage of lower mortgage payments. If you have set a budget for a new home but found a nicer and lower-priced deal for a foreclosed house and lot in the Philippines, then you will have lower monthly payments.
  • It provides an investment opportunity. If you want to get in on the real estate game, buying foreclosures is one of the best ways to start. Choose properties that need minimum repairs to earn more revenue.
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Planning Ahead Before You Buy A Commercial Lot for Sale in Manila

Published Date : May 24, 2018 Buying Tips Community Guide Financing Industry News Property Recommendations Real Estate 101

If you want to buy a commercial lot for sale in Manila then it’s always more prudent to work with a licensed realtor. This will ensure that everything is aboveboard and that you are investing on a legitimate property. Planning ahead is also important if you want to buy a commercial lot for sale in Manila.

Take time to study the trends

Buying a commercial property usually means spending tens or even hundreds of millions. Before you buy a land, be sure that you understand the local and national trends that may affect its future value. Go to the local city halls to see if there are any on-going plans to build malls, hospitals, and other amenities in the area. You may also ask the city planning if the lot that you wish to acquire will be affected by the government projects such as the construction of new trains and subway stations.

Analyze the risks.

You should not only focus on the benefits of buying the lot. You must also list all the risks of buying a commercial property for sale in Manila. How long before you see returns on your investment? How much will you allocate for the development of the land? Should you construct a building on your own, or just lease it out to tenants? Determine what businesses will thrive there.  A commercial lot is not just useful for retail shops or shopping malls. It can also be used for office buildings and even hotels. Look at the possible customers in the vicinity. Check out potential competition and see if it is really feasible to buy the commercial lot for sale in Manila. These are just some of the factors to think about when analyzing possible risks and opportunities.

Find the right financing

You need a reliable bank or financial lending institution if you are looking to take out a loan when buying a commercial lot for sale in Manila. Compare the interest rates, the payment terms, and other benefits that these organizations offer.

Investing profitably

Investing profitably takes a lot of consideration and the right investment expertise. Study and plan the investment market yourself or get consultation from specialists; Find what works for you and invest smartly for a bright future.

About the Author:

This article is written by Aakanksha Sangtani, working as an International Business Analyst at Housal Inc., an online platform for real estate, addresses the unfulfilled needs by harnessing technology and bringing all-related solutions under one roof. For buyers, tenants, sellers, brokers, agencies or developers, it encompasses all their answers from property matching, listings, management, analytics and much more. Housal Inc. is the evolution of the real estate process – empowering the real estate industry for the future.

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Important Things to Consider When Buying Beachfront Property for Sale in Philippines

Published Date : May 23, 2018 Buying Tips Community Guide Industry News Property Recommendations Real Estate 101

A beachfront property for sale in the Philippines may be an opportunity that you are looking for if you want to retire in a home by the sea, or if you want to invest in a property that can potentially yield exponential earnings in the future. But it’s a big investment, and you must take into consideration a lot of factors such as the following:

How close to the beach do you want your property to be?

If you aim on building a commercial structure like a hotel or resort on a beachfront property for sale in the Philippines, choose a piece of real estate that is only a few meters from the beach. Beach access will make your business more attractive to guests. But if you just want to relax and avoid tourists, and your next option is to buy a real estate a little bit further. Find a beachfront property for sale in the Philippines, where you can enjoy beautiful sea views and the tranquility of the surroundings. Do note that generally, as the property gets nearer to the beach, the more expensive it will be.

How popular is the nearest beach?

For a quicker return on investment, choose a property that is located at popular beach tourist spots in the Philippines. Some of the well-known beaches can be found in Batangas, Cebu, Aklan, Palawan, and Bohol. But if your target is a secluded beachfront property for sale in the Philippines that is not as crowded, you can find available lots in Camarines Norte, Zamboanga, Cagayan, Sorsogon, and Tawi-Tawi.

Is the structure that you are buying built according to the standards?

If the property that you are buying includes a building, make sure that the structure is compliant with local standards. The property should be able to withstand typhoons accompanied by winds reaching 300 km/hr or more. Be sure to hire an expert home inspector when assessing a property.

Who doesn’t want to have a relaxing home that is facing the beach and away from the hustle-bustle of the city? But, while you are fantasising about lounging on a relaxing chair in your new home, you must also focus on the aspects of buying a beachfront property that is a good investment for you.

About the Author:

This article is written by Aakanksha Sangtani, working as an International Business Analyst at Housal Inc., an online platform for real estate, addresses the unfulfilled needs by harnessing technology and bringing all-related solutions under one roof. For buyers, tenants, sellers, brokers, agencies or developers, it encompasses all their answers from property matching, listings, management, analytics and much more. Housal Inc. is the evolution of the real estate process – empowering the real estate industry for the future.

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Foreclosed House and Lot for Sale in Cavite – Tips for Home Investors and Real Estate Professionals

Published Date : May 22, 2018 Buying Tips Financing Property Recommendations Real Estate 101

Home investors and real estate professionals are always on the lookout for properties that have a potential to earn. Are you interested in joining the game? One of the options that you can consider is buying foreclosed house and lots in Cavite. This province offers all kinds of business opportunities if you know where to look.

The province of Cavite has showed impressive economic growth in the recent years. It is also a booming tourist destination known for its festivals, museums, and historical sites. Employment opportunities abound as various industries and manufacturing plants establish their headquarters here. It’s easy to see why many residential developments are rising to cater to the demand.

Ready to cash in on the trends? Here are the tips that you can consider when looking for a foreclosed house and lot in Cavite:

  1. Use online real estate portals

It’s easier than ever to find potential properties to buy because all you need to do is go online and search for Cavite foreclosed properties. Online platforms give you a comprehensive evaluation of all foreclosed properties that are available on the location that you indicate. They will also list the price, the agent you should contact, and all other basic details regarding the foreclosed property.

Some websites offer a price comparison feature to make your life even easier. You can put two foreclosed properties side-by-side to compare the attributes. You can also look around the location with the help of an agent to determine the prices of other properties in the vicinity.

  1. Prepare for additional expenditures

Any foreclosed house and lot in Cavite is taken on an as-is, where-is basis. It is not maintained by the institution that owns it. If you want to invest in this type of property, be sure that you have some money ready for repairs.

  1. Always do an actual inspection

Do your homework and look at the structure that you are buying. Bring an engineer or a home builder to check out the overall condition of the building. Will you actually earn from the property after all repairs and upgrades are done? Do the math to determine if the property is truly a good investment.

Buying foreclosed properties in Cavite can be tricky, but if bought after proper consultation and research, can be a very promising investment.

About the Author:

This article is written by Aakanksha Sangtani, working as an International Business Analyst at Housal Inc., an online platform for real estate, addresses the unfulfilled needs by harnessing technology and bringing all-related solutions under one roof. For buyers, tenants, sellers, brokers, agencies or developers, it encompasses all their answers from property matching, listings, management, analytics and much more. Housal Inc. is the evolution of the real estate process – empowering the real estate industry for the future.

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Factors to Consider When You Buy Property for Sale in Cebu

Published Date : May 21, 2018 Buying Tips Community Guide Financing Industry News Property Recommendations Real Estate 101

Cebu is classified as a highly urbanized city located in the region of Visayas. Buying a property for sale in Cebu can be a wise move if you want to be a part of this busy business district. But, you must be prudent when making any investment in Cebu real estate.

Consider these factors to ensure that you are buying a good property for sale in Cebu:

  1. Use online platforms

 One of the easiest ways to find a property for sale in Cebu is to use online real estate portals that provide an avenue for buyers, brokers, agencies, and developers to come together and post or browse properties that are available for sale. By using these effective tools, you can readily sort the listings based on the type of property that you want to buy—whether that’s a house and lot, condo unit, a townhouse, a commercial building, a residential building, and even a warehouse or commercial space.

  1. Talk to the agent

Once you find the property that you are interested in, contact the agent that knows the exact location as well as the specifications of the property. Some websites indicate the name and number of the realtor whom you can contact for an easy and smooth transaction.

  1. Compare at least two properties

You should not settle for the first property that you find. It’s always more prudent to compare two or more properties to determine which one truly fits your requirements and is the best value for your money. You must evaluate properties side-by-side to know which of these options will be the right fit for you.

  1. Determine the costs of buying the property

Compute for the monthly amortization based on the interest rate and the loan program that you will secure from the bank or a lending institution. Loan calculators are available online so that you can use to get an idea of the amount that you need to pay each month.

Remember to be vigilant while investing in a property and always have a long term plan. Deciding which property suits your needs and is also a good investment is a long and important process. It is advisable you consult with specialists that have sound knowledge and experience about this industry. Consulting with experienced professionals today will ensure a bright future.

About the Author:

This article is written by Aakanksha Sangtani, working as an International Business Analyst at Housal Inc., an online platform for real estate, addresses the unfulfilled needs by harnessing technology and bringing all-related solutions under one roof. For buyers, tenants, sellers, brokers, agencies or developers, it encompasses all their answers from property matching, listings, management, analytics and much more. Housal Inc. is the evolution of the real estate process – empowering the real estate industry for the future.

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Condo in Makati For Rent – How to Find A Cheap Place

Published Date : May 20, 2018 Property Recommendations Real Estate 101

Work or school may prompt you to look for a condo in Makati for rent. Or perhaps you just want to enjoy everything that urban living has to offer. The city is known for its sky-high real estate prices, but contrary to what many people think, there are still cheap condos available in the area. Here are a few tips to consider if you’re in the hunt for one:

  1. Go online

This is the easiest way to find a condo unit within your price range. The best websites usually partner with brokers, sellers, owners, and developers to give you a comprehensive listing of available places to live in. The listings can be sorted and filtered based on your requirements, making the search process a lot easier. Using a good real estate website to find condos in Makati for rent allows you to analyze your choices based on price, amenities, number of rooms, and other features offered.

  1. Ask the owner if you can get a roommate or two

To save money, you can share a condo unit with one or more people. This is especially practical if you are renting a condo in Makati with multiple bedrooms. You can invite a friend or co-worker to split the rent as well as other utilities like water and electricity. Be sure to get clearance from your landlord.

  1. Consider living outside the Makati business district

Another way to save money on rent is to choose a unit that is located in a building or development outside the main business district of Makati, but still within easy commute. Such condos will likely be relatively cheaper compared to those near offices and commercial buildings.

  1. Think of renting a studio condo in Makati for rent

If you’re alone (or a couple) and spend most of your time at work or outside, then you don’t really need a lot of space. Look for condos that are small—such as studio types or a small one-bedroom. Not only will it be cheaper—it will also be easier to manage and maintain.

Do your research and rent a house that not only suits your needs but also doesn’t drill a hefty hole in your pocket.

About the Author:

This article is written by Aakanksha Sangtani, working as an International Business Analyst at Housal Inc., an online platform for real estate, addresses the unfulfilled needs by harnessing technology and bringing all-related solutions under one roof. For buyers, tenants, sellers, brokers, agencies or developers, it encompasses all their answers from property matching, listings, management, analytics and much more. Housal Inc. is the evolution of the real estate process – empowering the real estate industry for the future.

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Baguio Property for Sale: Make Sure It Is Worth Your Investment

Published Date : May 19, 2018 Buying Tips Community Guide Financing Property Recommendations Real Estate 101

A Baguio property for sale can be enticing for most people, especially those who are looking for a vacation home or a retirement abode. After all, the beautiful highlands are still one of the most popular tourist spots in the Philippines. A property in Baguio is a great investment—you can rent it out, live in it, or sell it for a profit later. Buying a property requires a serious investment though, so you should be extra prudent.

Here are ways to ensure that you are making the right decision on a Baguio property for sale:

  1. Try to live in Baguio for a month

This tip is for those who are planning to actually stay in the property that they will buy. To make sure that a house is really the right investment for you, try to live in the same area in Baguio for at least a month. This is a good way to determine if this lifestyle is the best fit for you.

  1. Check the location.

Baguio City is composed of 129 barangays. It is a relatively small city spanning 57.5 kilometers and is known for its beautiful hills and valleys. You can’t go wrong with a Baguio property for sale that is near conveniences such as shopping and dining streets, especially if you plan to lease it. But, you can also purchase a property that is tucked into a quieter area to be used as a haven of rest and relaxation.

  1. Check the water supply.

 Since the city is built on mountains, water supply can be a little patchy at times—especially for properties that are located very high or very low. Ensure that you are buying real estate with a steady supply of water.

Ensure that the property suits your needs and has all available amenities, such as water and electricity supply and is well-connected to the city. You can connect with Housal Inc. – providing excellent real estate brokerage services, with just one click you would be one step closer to your dream home in the summer capital of the Philippines.

About the Author:

This article is written by Aakanksha Sangtani, working as an International Business Analyst at Housal Inc., an online platform for real estate, addresses the unfulfilled needs by harnessing technology and bringing all-related solutions under one roof. For buyers, tenants, sellers, brokers, agencies or developers, it encompasses all their answers from property matching, listings, management, analytics and much more. Housal Inc. is the evolution of the real estate process – empowering the real estate industry for the future.

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Tips on Owning a Mansion For Sale in the Philippines

Published Date : May 18, 2018 Buying Tips Community Guide Design Financing Property Recommendations Real Estate 101

For those who want to reward themselves for all their hard work by investing in a serious piece of real estate, buying a mansion for sale in the Philippines is the next logical step. There are plenty of options to choose from—and some of them are surprisingly affordable. Location is the biggest determinant of price, and as a general rule, the farther you go from major city centers like Manila or Cebu City, the lower you’ll pay.

Be sure to keep these practical tips in mind when you start searching for a mansion for sale in the Philippines:

  1. Do your homework

You are able to afford a luxury home because you’ve been wise in investing your money. You just have to exercise your usual diligence when you look for a mansion for sale in the Philippines. Use online web portals that show you numerous properties along with the number of rooms and other details. This can make your search easier and quicker.

  1. See it for yourself

Whether you plan on living in the mansion or selling it for a profit later, you still have to personally check the building. An expert carpenter or home builder can be extremely useful in these cases because such as expert can do a detailed inspection of every corner of the house and let you know of possible issues.

  1. Partner with a reliable lending institution

You can either choose banks or other private financial lenders if you plan to take out a mortgage. If you already have accounts with certain banks, ask them to give you better deals and terms.

  1. Document everything

As you purchase a mansion for sale in the Philippines you will need to prepare required documents to support your capability to pay. High-end real estate is a different ball game; be ready to divulge required information to lenders and possibly to the seller.

  1. Use your negotiation skills

The price of a mansion for sale in the Philippines is not set in stone. It is certainly negotiable, like most other things. Ask your agent to check out other properties that are similar to the property you are eyeing and this as a bargaining chip.

Happy Shopping!

About the Author:

This article is written by Aakanksha Sangtani, working as an International Business Analyst at Housal Inc., an online platform for real estate, addresses the unfulfilled needs by harnessing technology and bringing all-related solutions under one roof. For buyers, tenants, sellers, brokers, agencies or developers, it encompasses all their answers from property matching, listings, management, analytics and much more. Housal Inc. is the evolution of the real estate process – empowering the real estate industry for the future.

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