how to buy a home in an easy way

7/31/2019 How to buy a home in an easy way

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Researched and Compiled to make your first home-buying so Easy

Step by step procedure in home buying

Articles and tips from Better Business Bureau, John Scaub, David Bach and more.

Also include HDMF Citizen Charter for your convenience

Projects located in Rizal, Laguna, Cavite, and Manila

How To Buy a Homein an Easy Way?

D r i v e n M a r k e t i n g G r o u p

Guidelines on how to buy your firstinvestment Your Own Home


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For Inquires, call or text: Catherine Dizon0942 463 55 36

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Introduction

Having his own home is the first investment that an individual should make.

This is a quote based on the book ofDavid Bach, Start Late, Finish Rich. Many Filipinos

have realized this but only a few have the guts to make it and take actions to make their dream

home a reality. Most keep on renting, and renting until theyve noticed that they have grownold and yet they keep on renting. Many years pass and they just flushing they hard-earned

money or pass it to the pockets of their landlord or land lady. It is not suggested that Land

lording is bad, in fact it is one of the best way of investing. And it is a hoped that someday you

become one.

The information herewith is from the real estate books and blogs Ive read, and from the re-

spected brokers here in the Philippines. The following are the topics that might help you in

making your decision to buy a property. If not today, someday.

The Advantage of having an agent, and who pays themThe things you must consider in finding your home

How easy it is to Finance your home

Debt is good.

Why you need to have your home as soon as possible

I hope that this book will educate you in acquiring your first home, and continue to buy every

year as an investment. If you find this helpful, dont hesitate to pass this.

Thank you and happy reading.

Catherine Dizon

Marketing Executive

Driven Marketing Group


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Table of Contents

Title Page.....1

Introduction..2

Table of Contents.3Why Find an Agent.4

The Location..7

Choose the type of House8

Investigate The Developer..11

Financing your home...12

Take a tour..17

Projects in Rizal..19

Projects in Laguna.23

Projects in Cavite...25Projects in Manila..27

HDMF Citizen Charter Housing Loan Availment.30

Reference.50


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Why Find an Agent?

By defining your dream house, you should look first for an agent

who can help you out during your home-buying process. He will

be the one who will guide you in purchasing your dream house.

The following information is from the book of Bette Business Bu-

reau- Buying a Home.

Why do you need an agent?

Although 85 percent of first time home buyers use an agent, you

dont have to. But keep in mind, though, that technically, the fee

for your agent doesnt come out of your pocket- the seller pays. So

going solo doesnt necessarily save you money. But it will only

make your home-buying a little bit harder than having your

agent.

How can you find an agent?

Someone you know

Its good to work to people you know and trust. When you look for an agent, think of

someone you know in real estate that may provide you with honest information. Its

easy to be true to people that you know personally.

Referrals

Ask your friends and relatives if they know someone in real estate that can guide you in

the buying process. Your friend will not recommend someone if he is not credible andreliable enough.

Through the Internet

You can find agents thru e-commerce sites like sulit.com.ph, but beware of these

agents because you do not know whether or not they are genuine. Look for the ones

who can provide an after sales service.


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How to look for the best one

Educates you about the home-buying process. A good agent takes the time to an-

swer all your questions and to instruct you about the ins and outs of the particular market

you face.

Has a compatible personality. Choose an agent you feel comfortable with. Youll be

providing this person with intimate details about your finances and lifestyle. And depend-

ing on the type of market of market, how particular you are about the property you pur-

chase, or the terms of the contract, you may be spending quite a lot of time with your

agent. Make sure hes someone you like.

The Duties of Real Estate Agents

Showing Properties. An agent has relationships with the developer to show properties.

Without an agent of your own, you would have to contact the sellers agent( also called in-

house agent) for each piece of unit you wish to look at.

Providing a comparative market analysis (CMA).A CMA compares, feature for fea-

ture, amenities to amenities, the prices, the monthly amortization against similar proper-

ties in the same neighborhood that have recently been sold. Your agent prepares a CMA

for every home you are interested in so that you can judge its value relative to others on

the market.

Giving the list of requirements needed

Coordinates the closing. If any last-minute complications arise, your agent helps you

deal with them.

Real Estate Real People

Real Service


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Takes the time to find out your needs and wants. You should be able to tell from

the very first meeting whether an agent is listening or not. Are they focused on you as you

explain what you want? When they show you properties (virtually, as in online tour, or in a

real visit). Do they fall into the range of what you want? If not, move on.

Finds you the home that best suits your needs. A good agent wont pressure you to

make an offer on a home you dont like or a property thats outside your budget.

Can brief you on the ins and outs of particular neighborhoods. A diligent agent

wont wait until a client asks to see a particular piece of real estate. He will have visited that

property as soon as it came on the market- either during an agents tour or on their own.

An agent who will specialize in particular neighborhood can sometimes even alert you to

the possibility of purchasing a property before you decide to reserve for it.

Tells you the truth.When you are trying to ask an agent about the neighborhood, he

will give you an honest information.

A quick tip:beware of agents who are overly opinionated and who try to push you to buy a particu-

lar house. Buying your home is still your decision, and any agent who tries to bully you into making a

choice you are not comfortable with should be dispensed with immediately.


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The Location

Now that youve been able to find your agent, the next

thing you should consider is the location.

I have seen some home-buyers that are willing to transfer

from northern area to southern one just to have their

home. They dont care whether its in rural or urban areas

as long as its quite cheaper. They are betting that its value

will rise more quickly than if they purchased in an estab-

lished one. A wrong move I guess. In real estate, its not the

property or the type of house that matters; its the location.

If the location provides an ideal neighborhood, then that

would be a wise option.

Here is the checklist that can guide you in finding an ideal neighborhood:

Short commute time. The distance between home and work- and the time it takes to

travel between those places. Consider the length of commute that you and your family can

tolerate.

Schools. If you have children or planning to start a family, you should consider the acces-

sibility to schools. Aside from this, quality of the school district is one of the prime drivers

of real estate value.

Safety. Consider if the place is near a police station or if there are curfew hours in the lo-

cation. Also ask if the neighborhood gets affected by floods.

The presence of Markets, Groceries, Municipality. Accessibility to these establish-

ments makes your stay more convenient.

Medical Services. If you need to be close to medical care facilities, make sure the

neighborhoods you are considering have the facilities that can meet your needs.

Neighborhood. Consider your neighborhood. Whether residents mostly keep to them-

selves or regularly hold parties. In the end, location depends on the lifestyle you have,

whether you can tolerate this or not.

According to John Schaub, better-located properties appreciates more. Identify the

neighborhoods that have the most potential for appreciation in your town, and set a

goal to buy a property there, if not today, maybe someday.


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Choose the type of House

A home can be many things. It can be a single-family house with a yard and white picket fence inthe midst of suburb. It can be a high-rise condominium in the middle of a major metropolis. Thekind of dwelling you choose depends on the characteristics of the local market, your budget, yourlifestyle, and your desire to be close to or away from neighbors.

There are different types of houses offered in the Philippines, and here are the most common:

Row House

One of a series of houses, often ofsimilar or identical design, situated

side by side and joined by common

walls.

Town House

1. A comfortable-to-luxurious dwelling in an urbanenvironment.

2. One of a series of houses constructed in an unbro-

ken row, separated byparty walls, often with a rela-

tively flat roof.

3. An upscale row house.


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Single-Detached House

A single family residence offers

greater privacy, no common walls, less

intruding noise from neighbors

Usually includes a yard which may

include enough space for a lawn,

swimming pool, RV parking, horse

stables or other amenities

May be able to be expanded

Garages are common in newer single fam-

ily residences

Single-attached House

Is considered to be near full-sized house that is attached on one

side to other house

Acondominium, or condo,

is the form of housing tenure and other real prop-

erty where a specified part of a piece of real estate

(usually of an apartment house) is individually owned

while use of and access to common facilities in the

piece such as hallways, heating system, elevators,

exterior areas is executed under legal rights associ-

ated with the individual ownership and controlled by

the association of owners that jointly represent own-

ership of the whole piece.


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Many people do not want to own a condominium because they think that they are only buying a

piece of the building which depreciates. Condominium ownership is a perpetual ownership. If you

acquire a condominium unit, you are a part owner of the swimming pool, the jogging path, the hall-

way, the elevator or any common areas found in a condominium building including the lot.

RFO or Pre-selling

Advantage Disadvantage

RFO (ready for occu-pancy)

You can live here anytime,Available units are alreadypresent and you can inspectit immediately

Easy and no problem inturn-over.

Prices are higher than pre-selling. Once that the build-ing or a house was near toconstruct, the prices tendsto increase about 5-10%whenever a new block wasbuilt.

A few units available. Youcannot choose what unityou want because mostunits are already occupiedby the other buyers.

Shorter term, bigger downpayment is needed.

Pre-selling Price is lower than RFO.You can choose what unit is

available since there areonly a few buyers in pre-selling.

Longer Terms

You cannot view your unit.All you have to do is imag-

ine about it since this have-nt yet constructed.

Monthly amortization andDown payment may over-lap once your loan isgranted.

Turn-over may get a littlebit delayed


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Investigate the Developer

Judge the developer or the builder, not the

house.

Suspect the true-good-to- be-true offer of the

developer. There might be a hidden agenda like

why this developer are offering an irresistible

proposal.

Information about the developer can be pro-

vided by your agent, but you should do your

homework as well to be safe. Ask a friend about

this; read your local news papers; search in the

net, or read blogs. Also, find out if the owner of

the property is credible enough to entrust your

hard-earned money to them.

TERRAZA DE ANTIPOLOTERRAZA DE ANTIPOLOTERRAZA DE ANTIPOLOTERRAZA DE ANTIPOLO

6.2K / MONTH

MANGUNGUPAHAN KA NA LANG BA?MANGUNGUPAHAN KA NA LANG BA?MANGUNGUPAHAN KA NA LANG BA?MANGUNGUPAHAN KA NA LANG BA?


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Financing your Home

Here lies the important part of the process, how to finance

your home. This will take a number of pages due to the sensi-

tivity of the topic. But knowing the following may equip you

in your financing decision. Ask your real estate agent about

this and decide whether its suits your budget or not.

Total Contract Price

Reservation fee

Down-payment

Monthly amortization

Total Contract Price

This is the amount of the house and the lot or the unit you about to purchase.

Reservation Fee

It can range from P 5,000 up to P 80, 000 or even higher depending on the price of the

property. This money is used to secure the unit under your name. With a most devel-

opers, the reservation fee is deductible from the down payment you need to pay or

from the total contract price.

To be honest, you must not delay this; I recommend bringing this with you once you visit

the place. According to John Schaub, If you cannot give this, or do not have extra cash

for this fee, you better stop reading now and write down changes in your life you are

willing to make so that you can have one or both, Its a simple process: either eliminate

expenses until you have a surplus, or earn more income. Its a lot easier and less time-

consuming to spend less rather than taking on a second job. For example, stop spend-

ing money on the Starbucks-fancy-cappuccino, a so-reliving-spa, or that so-excited-out

-of-town-tour, or any expense that can be sacrificed for a while


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Down-Payment.

After 30 days of giving a reservation fee, the next thing is the down payment, a portion you

have to pay to the seller in order to get a loan. This is usually 20% of the total contract

price. This is also your equityto your home. But do not worry about this sudden-big-

amount down payment. There are developers who are offering a 6-month to pay down

payment, there are 12, or even 48 months. In RFO units, after paying the down pay-

ment and other charges and processing the document, you may already occupy the

unit.

Beware of agents who are putting pressure on you to pay half of down pay-

ment immediately. They are only securing that they can get half of their

commission when you pay your down in half.

Monthly Amortization

This is the loan that you will pay monthly upon settling the down payment. You can recal-

culate this with your agent: just give him what financing scheme you prefer, and how

long the term is and he can recalculate your estimated monthly amortization for you.

This consists of the following

Principal Amount- the loanable amount (LA) that you will owe either to Gov-

ernment (PAGIBIG), Bank, In-house (Developer). Example:

Total Contract Price: P 800,000.00

Down payment 20%: 160,000.00

Principal Amount (LA): 640,000.00


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Term of the Loan. This is how will long or short you will pay your loan. When

rates are low, always borrow for the longest term that you can negotiate.

Lower Payments make the loan safer. PAGIBIG offers the lowest possible in-

terest rate compared with banks and in-house financing, so PAGIBIG mem-

bers should take this opportunity to pay with lowest interest in a longer term.

Ask your agent or see the PAGIBIG section of this ebook for the require-

ments on how to avail this offer.

Interest Rates This is the price you pay for the use of the money you are bor-

rowing. Obviously a lower interest rate is better. Often you have to choose

between a lower rate and a longer term. Typically a longer term loan will

have a slightly higher interest rate than a short-term loan.

You can recalculate this with your agent; just give him what financing scheme you prefer, and

how long the term is and he can recalculate your estimated monthly amortization for you.

Other Charges

These are the fees for the transfer of title, documentary stamp tax, RD Registrationfees, MRI/credit insurance and fire insurance. Always ask your agent if the

charges are excluded or already included in the total contract price.

Some buyers ask me if its okay not to pay these charges, and the answer is no.

These charges are necessary for you to have the loan you wish. The title will serve as

collateral for the money you owe.

Antipolo city, 45 min drive to crossing

Mangungupahan ka pa ba? Kumg pwede

naman sarili mo na?


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Promotion

This is an incentive given to the buyer for purchasing the property. One might avail of the

promo if he is:

Able to reserve or give the down payment for a particular period;

An early bird buyer;

Able to buy in deferred payments;

Able to pay the property in cash.

These are the incentives that the buyer might enjoy: Discount in Total Contract Price;

Exemption from other charges fee;

Free finishing and furnishing;

Free items like security equipment, furniture and fixtures and more.

Promotions are usually given to pre-selling buyers. So if you are not in the

hurry, it is better to invest in pre-selling units. The longer you wait- espe-

cially if you delay until the houses are finished and filling up- the moreyoull pay.

Totoo, 60 PESOS A DAY!

Uupa ka pa ba?


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Loan Available in the Philippines

There are many organizations that offer a housing loan program, but heres the most common loan

that the developer was offers:

Interest Term Description

PAGIBIG 4.5% to12%

Maximum of 30 years They are very strict in requirements. But theyare offering the lowest interest in longestpossible term.

Many requirements need to comply.

Down payment should be 20% of Total Con-tract Price

BANKS 8% to 12% Maximum of 20 years Fewer requirements than PAGIBIG.

IN-HOUSE 12% to 25% Maximum of 15 years The easiest way to process. This is highlyrecommended by real estate brokers for theindividual who has a complicated status.

See the HDMF Citizen Charter at the back on how to avail Housing Loan

I know many will raise their eyebrows about the idea of borrowing money to have their dream home.But let me share with you an article written byRobert Allen, popular speaker, multimillionaire and

author of the all-bestselling real estate bookNothing Down and Creating Wealth.

He said, if you do not have money to buy a house, others have. This what is called leveraging. You

need a fulcrum and a lever to carry something you cant carry by your self. And in this case, the lever

is the PAGIBIG, the Banks, and the Developer himself. Here is what he says:

Debt is Bad. Avoid it Like a Plague.

Have you heard this before? There is truth to the statement, but it depends on

the kind of debt we are talking about. If we are talking about consumer debt, yes.

Avoid it like a plague. Avoid borrowing money to buy appearance of wealth which

loses value and are often worthless before the debt is repaid.

But investment debt is another story. In fact, self-made wealth never comes

without going to debt. I repeat: You can never become wealthy without going into

some form of investment debt. And probably a lot of it.


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Take a Tour

There are available pictures in the net that you can show

you glance of the property. But there is no substitute for the

to-see-is-to-believe saying. Photoshop and other editing

softwares are already available in the market add to this the

picture taking technique, the lightings, the contrast and

more, so better to see this in real. If you are working or liv-

ing in abroad or far from the location, better to ask a rela-tive who can view the property for you.

The first time you visit a property, even though it looks perfect, examine whether it suits your needs.

Does a pocket garden or a lawn matter to you? Do you really need a servants room? Do you prefer a

Camera or Video recorder

A picture is still worth a thousand words. Take your camera and photograph everything: the inte-

riors of the rooms, the exterior of the property (all four walls, whether its a house or a condo;the roof; the foundation), the yard if there is one. A visual record will also help you refresh your

memory in deciding what property you will buy.

Measuring Tape

Use this on anything that can be measured. Record the dimension of all rooms. If any of the doors

is smaller than the standard size, measure those as well. You dont want your cherished antique

aparador or refrigerator to get stuck in the front door, do you?

Reservation Fee, Your Identification Card and your Proof of Income

I remember when I was new to the real estate industry, part of my training was to go with a

real agent. That agent had a client who really wanted to reserve that time but the problem washe did not have the reservation fee with him. That morning the remaining units available were

still seven. We just ate our lunch for a while then he looked for an ATM machine to withdraw.

When we came back at around 3 pm, there were only two units left.

So to be sure, bring the reservation payment with you .Reserve if you consider the house is for you.

Do otherwise if you dont.


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_____________________________________________________________________

This is the end, now you able to understand the must and the basics in acquiring your

own home, you are now ready to have your very first property. The next thing you

should do is contact your agent NOW.

If you have any questions, please feel free to contact me. Ill appreciate if you give

feedback.

Catherine DizonDriven Marketing GroupSUN: 0942 463 5536Globe: 0916.885.6914Smart: 0909.349.0663Email: [email protected]

[email protected]

"Let us not become weary in doing good, for at the proper time we will reap a harvest if wedo not give up"- Galatians 6:9

Mangungupahan ka na lang ba?


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Projects located in Rizal Area

FEATURES AND AMMENITIES

Entrance gate with Guard House Club House Basketball Court 2 Swimming Pools Parks and playgrounds Concrete Roads (10m- and 8m-wide roads) Underground Drainage System Centralized water distributionsystem (Mla Water) Centralized power distributionsystem (Meralco) 24 Hour Security and CCTV Perimeter fence

UNITS

End unit

Inner Unit

Corner Unit

FLOOR PLAN (GROUND FLOOR)

FLOOR PLAN (2ND FLOOR)


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MODEL UNIT Alyssa Elysse Alyssa

Regular Unit Regular Unit Corner Unit

Lot Area 54 sqm. 54 sqm 129 sqm

Floor Area 63.65 sqm 63.65 sqm 88.97 sqm

Total Contract Price 2,068,000.00 2,198,000.00 3,988,000.00

20% Down Payment 413,600.00 439,600.00 797,600.00

Reservation Fee 30,000.00 30,000.00 50,000.00

Net Down Payment 383,600.00 409,000.05 747,600.00

Payable in 12 mos. 31,966.67 34,083.45 62,300.00

80% Bal. Thru Bank Financing

5 yrs 34,543.70 36,715.21 66,615.23

10 yrs 22,323.65 23,726.97 43,049.66

15 yrs 19,064.39 20,262.83 36,764.4


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Projects located in Rizal Area


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Laguna

Ammenities

ENTRANCE GATE WITH GUARDHOUSE

SWIMMING POOL & CLUBHOUSE COVERED COURT & PLAYGROUND

PERFECT LOCATION:

ACCESSIBLE TO TRANSPORTATION

NEAR SLEX STA ROSA EXIT

EASY ACCSES FROM STA ROSA COMPLEX, TAGAYTAY CITY,MANILA, MAKATI, ALABANG

BEST VALUE FOR MONEY

FULL CONCRETE SLAB 2ND FLOOR WITH PROPOSED 3 ROOMS

A 2 STOREY TOWNHOUSE WITH FLOOR AREA OF 57.2 SQM

PAGIBIG FINANCING

LOT AREA : 43 SQM

FLOOR AREA : 57 SQM

Total Contract Price - P867,236.80

Reservation Fee - P10,000.00 Down Payment - P117,236.80

Payable in 15 months - P6,815.24/month

Pagibig Loanable Amount - P755,000.00

Pagibig Monthly Amortization

20 years - P6,552/month



Net Disposable Income: P15,000.00


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INNER UNITPAGIBIG FINANCINGLOT AREA : 36 SQMFLOOR AREA : 46 SQM


Reservation Fee - P5,000.00

Equity - P67,227.50Payable in 15 months - P4,151/month


Pagibig Monthly Amortization20 years - P4,628/month25 years - P4,219/month

END UNITPAGIBIG FINANCINGLOT AREA : 52 SQMFLOOR AREA : 46 SQM





Pagibig Monthly Amortization20 years - P5,271/month

25 years - P5,216/monthCORNER UNITPAGIBIG FINANCINGLOT AREA : 59 SQMFLOOR AREA : 46 SQM





Pagibig Monthly Amortization20 years - P6,847/month25 years - P6,353/month


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Cavite


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Manila

You can pay your down payment for as long as 30 months OR AS LOW AS P 7,666.66/MONTH!!

1 BED& 1 t&B STUDIO TYPE

TOTAL CONTRACT PRICE 2,000,000.00* 1,200,000.00*

RESERVATION FEE 10,000.00 10,000.00

ESTIMATED DOWN PAYMENT per

month

12 months 32,500.00 19,166.66

24 months 16,250.00 9583.33

30 months 13,000.00 7666.66


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WE are giving REFERAL FEE for every successful referral.

Terms and Conditions Applied.

Email or Text for Details.


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Phone: 0942 463 5536/ 0909 349 0663

E-mail: [email protected]

[email protected]

Website: www.catherinedizon.com

Suite 3C, NCC Building, 586 Sierra MadreSt., Barangay Malamig, Mandaluyong City1550

Reference:

Start Late Finish Rich, David Bach

Creating Wealth, Robert Allen

Building Real Estate Wealth in a Changing Market, John Schaub

Insiders Guide to Success Buying a Home, Better Business Bureau

www.pagibig.gov.ph

American Heritage Dictionary

Webster Dictionary

how to buy a home in an easy way

Documents