Superbly renovated, three-bedroom unit at AIC Gold located in Ortigas Center, has maid’s room, parking slot, aricon units, floor space of 167.19 square meters, high floor. Asking Php8.9Million. Owner open to negotiate on price and terms.
For viewing: email us at philretprop@gmail.com or textPerry+639204841883
Location: Salcedo Village, Makati City.Unit faces Tordesillas Street. Renovated unit, nicely done, three-bedrooms, fully furnished, floor space of 187.55 square meters, with 2 parking slots. Rental at Php98K plus association dues. Owner is open to sell to right parties too.
For viewing: email us at philretprop@gmail.com or textPerry+639204841883
Very good location, Mid Floor Unit for Sale directly facing the amenities area of The Residences @ Greenbelt. A Two-bedroom unit, 119 square meters of floor area, includes two parking slots, turn-over unit.
Email us at philretprop@gmail.com or textPerry+639204841883
LOT AREA : 570 SQUARE METERS
2STY 4BR PLUS DEN HIGH CEILING WELL MAINTAINED, WITH SWIMMING POOL
ASKING PHP28MILLION
Inquiries & Viewing Schedules : email us at philretprop@gmail.com or textPerry +639204841883
NEWLY RENOVATED 2STY 4BR SWIMMING POOL
LOT AREA : 401SQM
SALE PRICE: Php25Million
Inquiries & Viewing Schedules: email At philretprop@gmail.com or textPerry+639204841883
2STY 5BR 4TB 2 TO 4CG WELL MAINTAINED, OPEN SPACES
LOT AREA : 480 SQM FLOOR AREA: 400+SQM
SALE PRICE : php21Million
Inquiries & Viewing Schedules: philretprop@gmail.com or textPerry+639204841883
New listing!!!!
Valle Verde 5 House & Lot
Description : Two-storey house with 5-bedrooms and 4 toilet&baths, 2 car garage convertible to accommodate 4 cars,very well-maintained as single owner-occupied, with garden infront, and fruit-bearing trees at the back lawn, centralized water heater, interior street.
Lot Area : 480 square meters
Floor Area : est 400 + square meters
Asking Price : Php21Million
Other Houses Available for Sale
1. With Lot Area of 401 sqm, renovated, 2 storeys @Php25M
2. With Lot Area of 570 sqm, 2 storeys, high ceiling, 3 bedroom upstairs, 1 bedroom downstairs, plus den @ Php28M
3. With Lot Area of 400 sqm & Floor area of 480 sqm, new house @Php32M
4. Brand new house @ Php33M
For Inquiries and Viewing:
Email us at philretprop@gmail.com or textPerry +639204841883
Updates:
Beautiful, elegant townhouses in a perfect location. LAST 28 Units Available ( Plans 168/194/204, Ave
http://www.philippine-retirement.com/celadon_residences.html
Source: YAhoo! Real Estate
A Conventional wisdom says that you need to stay in a home a minimum of five years to ensure that you recoup your purchasing costs. But with some markets soaring, this advice doesn’t always apply.
Market conditions play a huge part in any decision about when to buy. Housing market values have varied widely from region to region in recent years. While the Florida market has seen meteoric rises in home values, Ohio has seen its real estate prices go into negative territory in the last year.
Do not buy high and sell low - if your market is softening or has hit its peak and is heading south, you may want to wait on your purchase.
The magazine Smart Money has created a worksheet to compare the costs of renting vs. buying using market appreciation calculations to determine at what point you come out ahead. Plugging in the price, down payment, your income bracket, interest rate, and current market appreciation rates, the worksheet will break out what you will gain.
For example, say you were to buy a $400,000 house in Boulder, Colorado and you estimate the market will soften from the current 11% appreciation to about 9 percent annually. If you stayed in the house three years, you would recover $88,750 in equity at the end of that period; if you stayed five years, you’d realize $120,360.
The top three reasons people file for bankruptcy are change of job status, divorce, and unforeseen health expenses. If you face any of these challenges and don’t have a financial cushion, this may negatively impact your ability to pay a mortgage. Big life events dictate your readiness to buy now or to wait for a little more stability.
If you answered yes to any of these questions, or you are experiencing other life-changing events like illness, marriage, divorce, or breakup, you may want to wait.
Aside from life events contributing to your decision, getting your financial house in order before you begin your home search is key. Even with all the programs available for buyers with a low-or-no down payment, if your debts are growing steadily and you don’t foresee an increase in your income, you are putting yourself in greater financial risk by taking on a mortgage.
With only a few exceptions, many loans for people who are still repairing their credit or recovering from bankruptcy carry higher rates than those available once your credit is in better shape. So the question comes down to this: Do you buy now, before prices appreciate higher than you can afford, but do so with an expensive loan? Or do you wait and repair your credit, then get a favorable loan, and pay more for your home?
That’s the sort of analysis you need to go over with a financial counselor or mortgage broker before you start hitting open houses.
On the other hand, if you are willing to buy a home that needs a bit of work and, over time, you can afford to get it done, your home could appreciate faster, strengthening your financial position. If you are willing to take on a roommate or renter, you can also soften the expense of a mortgage, which almost always costs more than rent. Buying a home is a risk, and it’s worth asking yourself hard questions about what you’re willing to do to protect yourself from getting in over your head.
If you answered “no” the life-change questions, and have the down payment or equity from your current home, you still need to look at interest rates and at how buying affects your taxes. You can’t time the stock market, but you can time interest rate hikes, as they are a little easier to predict. If they are going up fast, you can jump in before they rise too far; if they are already high, you will have to calculate how refinancing in the future affects your budget.
If you are anxious to get moving, be patient. You have a few things to do first:
Source: Yahoo! Real Estate
A home is one of the most expensive purchases most of us will ever make during our lifetime. Whether you decide to rent or buy, either choice comes with its own rewards and risks. Homeownership offers many advantages over renting including:
Advantages of Buying versus Renting
| Buying | Renting |
|---|---|
| Tax write-off | No tax write-off |
| You can upgrade your home as you see fit | Need permission to make any changes |
| Build equity in your home as value appreciates | Your money goes toward the landlords equity |
| Control of loan payment options | Rent can increase periodically |
| Pride of homeownership | You have no ownership |
While owning your own home has many benefits, there are still risks to consider:
Disadvantages of Buying versus Renting
| Buying | Renting |
|---|---|
| You’re responsible for property maintenance | Your landlord or manager handles general repairs |
| Need to sell, rent or lease property in order to re-locate. May have to wait until market conditions are right | Freedom to move once your lease expires |
| You pay for all your own utilities, property taxes and insurance | May include utilities, property taxes, and property insurance |
| Home improvement upgrades can run into thousands of dollars | You’re not financially responsible for improvements |
However, all things considered, homeownership is by far one of the best single investments you can make given the potential long-term benefits.
People, who have generally rented their whole lives, purchase a home for various reasons. Owning something of value with a chance of watching their investment appreciate is one reason. Purchasing a home to save money over the long-term is another.
Example
Let’s say you’re currently renting a two-bedroom, two-bath apartment. Your monthly rent is $1,000. You find a two-bedroom, two-bath at a market price of $250,000 (roughly the national average.) You have $25,000 saved - enough for a 10 percent down payment. For the purpose of this example, you’re looking to finance $225,000, which includes closing costs.
Using one of several mortgage calculators on the Internet, your monthly payment would be approximately $1,385 for a 30-year fixed loan at an APR of 6.20 percent (the national average). After taxes and appreciation in equity, your monthly payment over five years would average $499 per month.
Costs Savings of Buying versus Renting
| Calculations | Rent | Purchase |
|---|---|---|
| Monthly rent/estimated mortgage payment | $1,000 | $1,385 |
| Purchase price of home | $250,000 | |
| Percentage of down payment | 25,000 | |
| Length of loan term (years) | 30 | |
| Interest rate | 6.2% | |
| Years you plan to stay in the home | 5 | |
| Yearly property tax rate | 1% | |
| Yearly home value appreciation rate | 4% | |
| Results | ||
| Price of home after appreciation | $304,163 | |
| Remaining balance after 5 years | 209,887 | |
| Equity in house | 94,276 | |
| Tax savings (28% bracket) | 23,030 | |
| Avg. monthly payment over time | 1,047 | 499 |
| Total payments (over 5 years) | $62,820 | $29,973 |
| Total savings if buying | $32,847 | |
| Source: Ginniemae.gov. These calculations are estimates only. You should always seek the guidance of financial or tax experts before making any buying decisions. | ||
The outcome could dramatically change should an unforeseen economic downturn or financial hardship occur (e.g., home improvement costs, catastrophic damage, etc.). While, no one can predict if home appreciation values will spiral downward, or if mortgage interest rates will rise, it’s clear that under the right circumstances home ownership can be financially rewarding.
