Is Low Downpayment a SCAM?
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- Опубліковано 29 лип 2023
- I myself encountered this kind of scheme (or scam) and sad to say may mga developers pa rin na only after profit but what they don’t realize is in the long run - they’re setting up their clients for failure to pay their property. In the end, sayang ang naipundar na property coming from your hard-earned money.
This is one of the main contributing factor of a housing market bubble: A Dishonest or a Lazy Agent.
Kapag nag-crash yan dahil sa sobrang dami ng tao na hindi na makapagbayad, it is partly the developer's or agents' fault.
Ganito dapat ung mga trending videos. Kaso wala eh, mas gusto lang ng pinoy ung napapangiti sila. Thank you sir for making this kind of videos. You deserve more subscribers!
Thank you!
I wish I'd watched this before reserving a unit. Thank you sir Chris. Always informative and helpful to buyers. More power!!!
Agree. Kaya overtime I developed hate to many real estate agents na nagpopost ng very low monthly payment and hiding the truth na merong malaking yearly lumpsum. And everytime they convince me na "by next year may price increase yung property at malaki daw kaagad kikitain ko". What? How come? As long as it is not flipped to a higher price at nabenta, I don't gain anything. Even making the unit for rent, still I'm not gaining anything pa, kasi kailangan pang makarecover sa capital cost. Nakakaawa yung mga nangangarap magkaroon ng unit na hindi nagcacalculate ng maigi ng magiging total cost. Nakakainis yung mga agents na for commission lang talaga ang habol tapos ang lakas pa makapost ng achievement sa fb. Hays.
Thank you sir Chris sa mga ganitong infos, malaking tulong lalo sa mga may planong bumili ng property. 😊
Very well said and informative sir! Thank You for telling us the truth and transparency on condo or other investments!!! 🙏🏻
My pleasure!
Salamat, sir, at ginawa niyo itong video na ito. Kailangan ito malaman ng nakakarami na may pangarap din magka-bahay. I should have done my due diligence. Pasalamat na lang ako na-promote ako at nag-qualify ako sa loan for the balance by the time na i-turnover ung condo unit sa amin. Kawawa ang mga tao kasi di sila binibigyan ng chance to make informed decisions. Hugas kamay ang mga agents at developers kapag yung buyer di pala qualified ung income sa financing ng balance.
thank you sir cris
Thank you for this! very helpful! :)
Hope you can share properties/investments near manila. Because prices in manila have skyrocketed.
great video!!
Thank you for this po!! You made it so simple and very understandable!! You enlightened me po super!! :)
You're welcome 😊
Agree. These are the reasons why maraming nagpapasalo.
how to be a broker here in philippines . and san ako makakakilala nang mga broker ?
Hi Sir Chris . Tanong ko Lang kung normal lang ba na ang developer ay ok sa hind ako nag loan sa bank Pero nag ok sila na mag down payment ako ng more than their required and then babayaran ko ng buwan buwan ? Nag exist ba yong Ganoon set up of payment sa mga condo developer ? Salamat
sobra dami na ang pasalo condo OVERSUPPLY na kaya ingats palapit na ang property crash sa pilipinas
Tama ka oversupply and overpriced condo sa pilipinas maraming ng ofw ang nauuto ng mga agent after makuha ang commission goodbye 😢
@@jameslim3980 ZERO DOWNPAYMENT SCAM hehehe dami OFW nabiktima
Mga property agent tinamaan ba kayo? Ano masasabi nyo?
pano naman po kung yung developer ay nagooffer sa mga unit owner na kapag nabayaran n yung DP sila na daw po ang bahalang maghanap ng magrerenta sa unit tapos pde din ipa airbnb yung unit maggegenerate po ng cashflow kikita ndaw po yung mga unit owner totoo pba yun? salamat po sa sasagot.
Hmmm... maraming factors to generate cashflow. I don't think it's fitting for a developer to guarantee cashflow to their clients.
@@ChrisSuarezRealEstate salamat po sa sagot sir tanong lang po ulit sir sa tingin nyo po tama pba yung decision ko kumuha ng condo kahit ang monthly salary ko lang po at 30k natatakot npo akng magtuloy kaya habang maaga palang po makapagdecide na ako at dpo masayang yung hard earned money ko salamat po ulit🙂🙂🙂
Thankyou sir...at nagbabalik kana ulit sa pag-upload.. Pero SALUDO ako sayo sir.. Sa pagsasabi mo ng real talk na minsan pinupush ng agent dahil sa quota..,
Correct hehe!
Never trust a sales person that are says that whatever the f they are selling are "Good investment"
I agree on you on some parts, but long term equity down payment can also help us a buyer. Instead of saving specific DP amount for 24-42 months and then realizing that the property has already increased by 10-40% by the time you’re ready to purchase. Most of the agent/broker I’ve encountered has fully explained the details and requirements prior to buying their property. Investor must exercise smart decision making thru careful financial self assessment and evaluation before buying a property. It’s a shared responsibility after all, for both agent and investor. Thanks 🙏
Yes, I think the value appreciation aspect is already over emphasized in our market (and in my vlogs too), but there’s a lack of information and awareness on how these schemes can be dangerous especially now that job security can’t no longer be guaranteed.