@@OwnPropertyPHhello po. Naliwanagan po ako sa pag explain u po about pasalo. Im planning na ipasalo po ang unit ko sa ilo2x nasa DP stage po xa as now. Nxt year po ang turn over around october to november 2024. Ang ganda po ng location. But i realize im not ready yet for home loan stage nxt year. 😥
Tama nga si Madam. Dapat talaga dont rush and bigyan ng 2weeks of deep thinking before buying condo or sa house. Sabi nga wag ka muna tumalon sa tubig kung di mo alam kung gaanu kalalim. And your life will revolve by paying the DP and loans pero di mo naman matirhan kasi need pa bayaran.
just watched this.. grabe super clear and detailed ng explanation.. very helpful information, so much learning from this video. thank you so much for sharing. God bless you!
Ang hirap maghanap ng informative vids sa yt na no non sense. karamihan, ang unprofessional tska masyadong focused sa sarili. etong vid na to, sobrang informative at hindi hard sell. salamat po, continue helping others by spreading worthwhile infos and vids
Hello Ann!! You are amazing! Very informative. I am currently in this dillema. But your video has somehow enlightened my confusion and fear as I am selling my condo which I am paying for the past 12 years! If I could just hire you 😂❤ Thank you ma’am!
My husband bought a condo thinking it was only 10k/month. Our lives have revolved around that condo for the past 10 or 11 years now. All our struggles, quarrels, major decisions have actually been because of that. To think, that we’re not even living there!
It’s sad to hear po that your husband ended up buying without knowing that he’ll eventually pay more than P 10k per month. Buying any kind of real estate property is a major decision which usually is life-changing. So thank you for sharing your predicament. I hope everyone else who reads your comment will learn from your experience and be encouraged to be more financially prepared before purchasing any property 😊
Sad to hear that po. Nalaman ko lang rin nung nag babayad na ako na ang titignan mo pla dapat is the TCP (total contract price kung 4m, 5m or 6m ba) kasi the monthly payment changes tlga
same experience po , ang alam q nung una yung TCP lang yung babayaran q sa 20 years at akala q kasama n yung interest dun ng bank ,kaya nung ngapply nq ng bank loan nagulat q sa magiging monthly q, still deciding kung itutuloy q pb or give up q nalang yung na DP q n
Eye catching po kasi ang nilalagay nila na monthly amortization....un pla eh for DP lang yun like for 24 months. Pagkatapos, dun na po madadale sa bank. Kasama pa un condo fees. Hindi pla talaga biro ang mag-acquire ng ganitong assets.
hi ms mean i just finished watching your vlog and its helps a lot.. could you refer me to one of your license real estate broker by the way im a condo unit owner. appreciate it if you will.. more power GODbless
Very informative and comprehensive po ang video. Thank you Mam Me-an! For clarification lang po… For example. (Seller perspective) 1. I have paid the developer the DP amounting to 500k (10% of Condo Amount). The remaining 90% was Bank-Financed and the developer was already paid; also, the CCT was already under my name. Remarks: Developer 100% paid. 2. So now, I’m paying the Bank for the Home Loan with monthly amortization. Let’s say, nahulugan ko na si Bank ng 1.5M. So, in total may 2Million na akong nailabas from my pocket. Tapos balak ko siyang ibenta na walang profit. 3. Provided na assumable yung Loan ko, ibig bang sabihin pwede kong singilin si Buyer ng 2Million and itutuloy nya yung Loan ko? 4. Or 500k lang ang sisingilin ko kay Buyer then si Bank ang magbabalik nung 1.5M na nahulog ko? Then si Buyer na magtuloy nung Loan? 5. What if ibabalik nga ni Bank yung 1.5M pero may mga deductions siyang gagawin. Pwede ko bang ipa shoulder kay Buyer yung deductions? My only goal is mabalik yung expenses ko out of my pocket na 2Million if ever and ipapasalo ko lahat kay Buyer including yung Transfer Fees and other processing fees like notarization and all. Is that a good deal or is that too much? Appreciate your good advice Mam. Thank you!
Answers to your questions, starting with no. 3… Since the bank loan is nearly paid, it is best to ask the buyer to pay your balance with the bank so the mortgage gets cancelled. And then the buyer can secure a home loan to pay the P 1.5 million. Mahirap maghanap ng cash buyer kapag ganyan po ang market segment. At mas makakapaglabas sila ng pera kung mas mababa ang amount at sa situation na ito, kaunti nalang plus interests matatapos na ang loan. Dahil kailangan pa ring magbayad ni buyer ng taxes and fees para malipat sa pangalan niya ang titulo po, all the more na yung P 1.5 million ang utangin niya dapat po. No. 4 Hindi na po ibabalik ni bank ang P 1.5 million with deductions not unless ipapa-foreclose niyo. Siyempre, lugi ka po rito. No. 5 refer to no. 4 answer plus kapag nag-home loan po ang malaking bahagi ng binayad ay sa interest napupunta. No. 6 It won’t be too much for the buyer if he has the financial capacity to pay and he sees your unit as valuable. P.S. linawin niyo po kay buyer na siya rin ang magbabayad ng capital gains tax para hindi mabawasan ang P 1.5 million mo 😊
I need a buyer got my condo in Amaia step mandaue cebu fully paid the 10%downpayment torn over this December I bought it 2019 for 4.1M the current value now is around 4.7M
Just found this helpful video. I was looking for ways how to resell my condo since I want cut our expenses, and I found this. Just Liked and Subs. Thank you!
Thank you for the suggestion 😊 But I think it’s still better to use technology than the traditional whiteboard. Mas visually appealing ang information kaysa kung handwriting ko lang. Feel ko ma-bobored ang viewers. Anyway, viewers can pause the video or adjust the speed of the video so they can follow the discussion 😊
watching from LA, I learned so many things here since I am interested with Condo pasalo. Salamat for sharing your knowledge, very informative and I will take notes b4 venturing with Condo pasalo. New subby here!
Wow LA! That makes me miss In-n-out. Anyway, if you’re a real estate investor, what you should be focusing on is condo flipping or leasing and not condo pasalo. You don’t earn from condo pasalo po since this for those who can’t continue paying for the condominium they are about to purchase or they have already purchased.
@@GenandJoeStories hi po, I can’t offer consultations yet since I’m not yet a licensed real estate consultant 🥺 I still have to wait for three years before I can take the board examination (REVALIDA and written). 10 years of practice as a real estate broker is part of the requirement.
Hello, thanks sa info malaking tulong sakin to , dahil balak ko ipaassume ang unit ko, may ask lng ako , mas mabilis ba ma process ipaasume ang unit ko na nakaloan na sa bank pero hindi ko pa pinalipat sa name ko? O mas mainam ipalipat ko muna from developer to sa name ko mismo ang title bago ipaasume? Sana masagot nyo mam. Thankyou in advance🙂
Question po. Yung seller may broker, should we also hire the help of a real estate broker to help us? For safety and convenience po ba since hindi namin kabisado
Then the buyer can just pay first for the mortgage balance then the remaining balance will be paid once the mortgage annotation has been cancelled and the Deed of Absolute Sale has been executed 🙂
this is my 3rd video fr ur blog I watched n I must say it's soo very informative.now how about a blog re buying a foreclosed property.is it cheaper buying this n what are the risks involved?ur response is highly appreciated.stay safe.salamuch..
Hi, sir/ ma’m, thank you so much for watching my videos. Yes, I’ll definitely make a video regarding it sometime in the future po. But just to give you a brief answer, foreclosed properties may not be necessarily cheaper. When a foreclosed property is sold, it’s on an “as is where is basis” so if there are unpaid utilities and even unpaid real property taxes, the buyer would have to shoulder it 😊 Another risk is that the property might be infested with termites. Sometimes that can be missed even with a house inspection.
Nice content, very helpful. But you forgot to mention if selling happens during downpayment period, seller might need to pull out the cheques provided by the seller to the real estate state developer.
Ah, yes, apologies that I forgot about it because almost all of my clients have auto-debit arrangement or just send a screenshot of their monthly payment with the real estate developer 🥺 So thank you for this comment 😊 Those who purchased and paid via PDCs will find your additional information useful 💕
Just to share, what happened to me, pero 2 PDC na lang naman yun naiwan sa developer so nagkaroon na lang ng agreement na kasama yun sa babayaran ng buyer, yun lang meron talaga need mag paubaya if buyer will trust the seller na popondohan ang checque 😁 may notarkzed agreement naman para safe ang buyer
Good content. Question po: 1. Fully paid na ang DP, on-time payments for 4 years already pero plano nang ibenta yung unit as pasalo. Paano ang tamang pag-compute ng selling cost considering na marami nang renovations na ginawa sa unit with better fixtures, and fully furnished na rin? 2. Is it acceptable sa industry na ibenta/pasalo yung unit for a higher price? For context, meron pang 3 new buildings under construction sa condo complex na ito, at yung same unit specifications sa new buildings at unsold units ng same building is now worth P1M higher. Thank you for replying.
Hello po. Answer sa question niyo po: 1. DP palang po fully paid meaning naka-mortgage po sa bank yung unit. For computation, depende po sa klase ng renovations. Paminsan kasi mahal yung ginastos pero wala naman talagang contributory value po. Tapos walang pakiang buyer sa furnishings. So pag ganito, mas okay ipa-appraise niyo sa real estate appraiser. 2. Pag ibebenta at a higher price, hindi po yun pasalo, considered condo flipping na po iyon. Although you can’t use the price of the units sold at the newer buildings as the basis of your selling price. Most of the time, hindi po yun market value at kasama sa pricing yung financing para sa stretched down payment term.
Kindly send details at hello@ownpropertyph.com po para ma-check ko kung matulungan ko kayo o kung sinong real estate broker ang makakatulong po sa inyo 😊
@@OwnPropertyPH hi ma’am. I also need a RS broker po for my condo na nakuha ko for pre-selling. 2 years nadin ako nakapag pay and Di ko na kayang ituloy. Pa refer din po ako please 🙏
Execute means make the DOAS with assumption of mortgage legally binding. So sign and have it notarized then pay and comply with the required documents by the lender for the transfer of mortgage then register the DOAS with assumption of mortgage at the RD so the title can be annotated. That is the basic process but it can still vary depending on the circumstances 😊
Hi, para mapabilis po magbenta best to hire a real estate broker na nag-focus sa pasalo lots. Sila po kasi yung may ready network ng investors at mas mapapabilis ang benta compared kung kayo yung gagastos pa para maghanap ng buyer 😊
Hi Ms. Me-An. Stumbled upon this video on pasalo properties. And would like to ask if you know/can refer us to a licensed broker specializing in pasalo? we bought a property kasi na we will not be using anymore and would like to get rid of it. thank you so much in advance.
Hello, as of now, I haven’t met a licensed real estate broker specializing in pasalo properties. Most are generalists po but they concentrate in their area 🙂
Thank you for a very informative video i wish i watch this long time ago, coz it's very applicable to be. Question? I try to buy Condo at the Fort the Venice i put down and i make payment for like 2 years but when it time to take over i dont have enough money to pay the whole thing so i stop paying this is like 6 or 7 years ago do i still able to get some of my Money?
Under RA 6552, you should have been entitled to the cash surrender value of the payments on the property equivalent to 50% of the total payments you’ve made since you’ve done installments for at least 2 years. However, since it happened 6 to 7 years ago, I’m not sure if you can still compel the real estate developer to give what is due. They may have removed your records 🥺
Very detailed process. Thank you. I think this information is very helpful specially in these days of Covid-19 surge. The bonus dance enhanced the video too.
Very helpful video, for buyer like me living abroad and want a fast transaction dahil limit lang stay para maasikaso, what is the maximum time frame to do all this process if cash basis?
If cash basis, the longest time for transfer process should be four months😊 Pero merong times na lumalagpas pa rin ng four months kapag hindi inaasikaso at nag-fofollow up yung naglalakad.
No, ma'm/sir 😊 For pasalo, you're basically asking someone to assume your balance since you can no longer pay. But for flipping, you intend to sell it quickly for a profit.
Hi, Bago lang po ako sa group na eto but wanted sana makakuha ng insights. Kumuha kami ng unit sa SMDC Calm Residences in Laguna. For investment purposes. Naghuhulog po kami ng downpayment for almost 2 yrs. Ano po kaya magandang gawin? Option 1: PASALO Paassume namin ang unit while nasa downpayment stage pa para madaling TOR? Can we use the current market value? Or the TCP based sa CTS? Option 2: RESELL AFTER TURNOVER OF UNIT We will pay in cash then resell the unit based on current market value? Thanks po sa sasagot
I'm planning to assume a condo, which is through Pagibig financing,,however, I DO NOT HAVE A Pagibig,,,pls help me on what to do??,,I really like the condo which I saw on line and already check the unit and meet the owner...
PAG-IBIG approves loan depending on a borrower’s capacity to pay, requested loan amount, actual need, and the loan-to-value ratio.Since PAG-IBIG conducts background, employment, and credit investigation, you may want to do the following to increase your chances of approval: • make sure you can provide proof of income that shows you have a steady source of income for the past 2 years • make sure the property you are purchasing is within your financial capacity • make sure you have a good credit score • make a higher downpayment • get a co-borrower who has PAG-IBIG Hope this helps 😊
@@OwnPropertyPH woww,,thank u so much for Replying,, but I decided not to assume on the Unit anymore,,many advised me not to,,, with all the risks and everything... It's better to take a New Unit, and through Bank financing or in house,, since I do not have Pagibig... This is a much better option,,, yes?...
@@foodieallure3088 if you’re first time buyer, it’s better to buy a new unit instead of risking buying a condo pasalo. There are times when the lower cost is not worth the headache and trouble 😊 Just make sure that you will be qualified for the bank financing.
Hello po. I got a condo unit months before the pandemic, paid only the equity, actually hindi pa nga po fully paid, but I decided not to push it through since hindi maganda yung developer and the management itself. Now I have to send a back-out letter but my concern is hindi po ba ako mahi-hit or ban if I decide to get a new unit to another developer? I had just graduated from college when I got that condo and I admit that I didn't practice due diligence. May bearing na po ba ang hindi ko pagcancel ko sa first condo kahit hindi ko pa naman na-apply for bank financing/PAG Ibig?
![Step by Step Condo Buying Process Philippines [PART 1 BUYING PRE SELLING CONDO]](http://i.ytimg.com/vi/9t4i0lK4jyU/mqdefault.jpg)
Helpful video! The most informative and complete explanation so far about pasalo
Wow! Grabe po yung comment na ito. Salamat po 😊
@@OwnPropertyPHhello po. Naliwanagan po ako sa pag explain u po about pasalo. Im planning na ipasalo po ang unit ko sa ilo2x nasa DP stage po xa as now. Nxt year po ang turn over around october to november 2024. Ang ganda po ng location. But i realize im not ready yet for home loan stage nxt year. 😥
Tama nga si Madam. Dapat talaga dont rush and bigyan ng 2weeks of deep thinking before buying condo or sa house. Sabi nga wag ka muna tumalon sa tubig kung di mo alam kung gaanu kalalim. And your life will revolve by paying the DP and loans pero di mo naman matirhan kasi need pa bayaran.
Pwede naman na pong tirahan ang unit kahit binabayaran pa po ang loan basta na-turnover na ang condo o house 😊
just watched this.. grabe super clear and detailed ng explanation.. very helpful information, so much learning from this video. thank you so much for sharing. God bless you!
Ang hirap maghanap ng informative vids sa yt na no non sense. karamihan, ang unprofessional tska masyadong focused sa sarili. etong vid na to, sobrang informative at hindi hard sell. salamat po, continue helping others by spreading worthwhile infos and vids
You said we can’t talk, so we can’t talk
Very timely. I will be selling pasalo smdc bloom residences 2 BR 4.7M current value is 7-8 M
Hello Ann!! You are amazing! Very informative. I am currently in this dillema. But your video has somehow enlightened my confusion and fear as I am selling my condo which I am paying for the past 12 years! If I could just hire you 😂❤ Thank you ma’am!
My husband bought a condo thinking it was only 10k/month. Our lives have revolved around that condo for the past 10 or 11 years now. All our struggles, quarrels, major decisions have actually been because of that. To think, that we’re not even living there!
It’s sad to hear po that your husband ended up buying without knowing that he’ll eventually pay more than P 10k per month. Buying any kind of real estate property is a major decision which usually is life-changing. So thank you for sharing your predicament. I hope everyone else who reads your comment will learn from your experience and be encouraged to be more financially prepared before purchasing any property 😊
Sad to hear that po. Nalaman ko lang rin nung nag babayad na ako na ang titignan mo pla dapat is the TCP (total contract price kung 4m, 5m or 6m ba) kasi the monthly payment changes tlga
Eto talaga ung nakaka sad. Ako rin eto problema ko. 57k monthly plus lahat ng fees. Haaays
same experience po , ang alam q nung una yung TCP lang yung babayaran q sa 20 years at akala q kasama n yung interest dun ng bank ,kaya nung ngapply nq ng bank loan nagulat q sa magiging monthly q, still deciding kung itutuloy q pb or give up q nalang yung na DP q n
Eye catching po kasi ang nilalagay nila na monthly amortization....un pla eh for DP lang yun like for 24 months. Pagkatapos, dun na po madadale sa bank. Kasama pa un condo fees. Hindi pla talaga biro ang mag-acquire ng ganitong assets.
Very informative. I’m looking for Licensed Real Estate Broker around Quezon City, Manila. 😊
Up-to-date parin ang info kahit 2023 na, thanks for sharing the knowledge
Welcome po 😊
Hi Ms Me-An....Sa dami po ng napanood ko discussing this topic, super linaw po yung explanations nyo. Thank you for sharing.🥰
Thank you so much 😊💕
very helpful content since we are acquiring a pasalo condo in alabang now..
Thanks for this info. May updated video po for req for 2024?
Wow ang galing ng video na ito..
Very timely as I am selling/pasalo my unit. Buti I watch this video. Thank you so much for sharing this info. God bless
Thank you po 😊
Thank you Ms. Me-ann dami ko po na learn sainyo
Very informative im looking for a real estate broker with experience in condo pasalo thank you! You video is really helpful!
Thanks for the info 👍 Big help ito sa kagaya ko na seller 😀
I’m happy po na nakatulong po ito sa inyo 😊
salamat sa very clear and informative video
maganda informative siya very informative thumbs up
Very informative video thank you marami akong natutunan about pasalo process po. GODBLESS
God bless din po 😊
very informative Ma'am. Thank you sa video na ito.
Welcome po 😊
Thank you Ms. Me Ann for this video
Galing mo maam..more of this pa!
Maraming salamat po 😊
Sobrang thankful ako that I’ve found your channel. Hulog ka ng langit. KEEP IT UP. Stay safe Godbless. Dami ko natutunan sa’yo❤️
Maraming salamat po sa comment niyo 😊 Nakaka-encourage pong gumawa ng marami pang helpful videos.
LF: pasalo condo in Arca South 🙏 2BR po prefer
Hi, bka want nyo po un sakin 2yrs paid pde ko p po i discount ng 2months🙏 sonora garden residences 2 br at 2nd floor
hi ms mean i just finished watching your vlog and its helps a lot.. could you refer me to one of your license real estate broker by the way im a condo unit owner. appreciate it if you will.. more power GODbless
Salamat ang ganda ng pagkaka explain mo po nagka idea ako about sa condo pasalo maraming salamat ulit more videos to come
Opo, tuloy tuloy po akong gagawa ng videos 😊
Very informative and comprehensive po ang video. Thank you Mam Me-an!
For clarification lang po…
For example. (Seller perspective)
1. I have paid the developer the DP amounting to 500k (10% of Condo Amount). The remaining 90% was Bank-Financed and the developer was already paid; also, the CCT was already under my name. Remarks: Developer 100% paid.
2. So now, I’m paying the Bank for the Home Loan with monthly amortization. Let’s say, nahulugan ko na si Bank ng 1.5M. So, in total may 2Million na akong nailabas from my pocket. Tapos balak ko siyang ibenta na walang profit.
3. Provided na assumable yung Loan ko, ibig bang sabihin pwede kong singilin si Buyer ng 2Million and itutuloy nya yung Loan ko?
4. Or 500k lang ang sisingilin ko kay Buyer then si Bank ang magbabalik nung 1.5M na nahulog ko? Then si Buyer na magtuloy nung Loan?
5. What if ibabalik nga ni Bank yung 1.5M pero may mga deductions siyang gagawin. Pwede ko bang ipa shoulder kay Buyer yung deductions?
My only goal is mabalik yung expenses ko out of my pocket na 2Million if ever and ipapasalo ko lahat kay Buyer including yung Transfer Fees and other processing fees like notarization and all. Is that a good deal or is that too much? Appreciate your good advice Mam. Thank you!
Answers to your questions, starting with no. 3…
Since the bank loan is nearly paid, it is best to ask the buyer to pay your balance with the bank so the mortgage gets cancelled. And then the buyer can secure a home loan to pay the P 1.5 million. Mahirap maghanap ng cash buyer kapag ganyan po ang market segment. At mas makakapaglabas sila ng pera kung mas mababa ang amount at sa situation na ito, kaunti nalang plus interests matatapos na ang loan. Dahil kailangan pa ring magbayad ni buyer ng taxes and fees para malipat sa pangalan niya ang titulo po, all the more na yung P 1.5 million ang utangin niya dapat po.
No. 4 Hindi na po ibabalik ni bank ang P 1.5 million with deductions not unless ipapa-foreclose niyo. Siyempre, lugi ka po rito.
No. 5 refer to no. 4 answer plus kapag nag-home loan po ang malaking bahagi ng binayad ay sa interest napupunta.
No. 6 It won’t be too much for the buyer if he has the financial capacity to pay and he sees your unit as valuable.
P.S. linawin niyo po kay buyer na siya rin ang magbabayad ng capital gains tax para hindi mabawasan ang P 1.5 million mo 😊
Hello watching from Japan informative
arigato gozaimasu 😊
I need a buyer got my condo in Amaia step mandaue cebu fully paid the 10%downpayment torn over this December I bought it 2019 for 4.1M the current value now is around 4.7M
Is this still available Sir?
Just found this helpful video. I was looking for ways how to resell my condo since I want cut our expenses, and I found this. Just Liked and Subs. Thank you!
Thank you 😊
I like your transparency
Thank you so much po 😊
Can you help with a pasalo in sync y tower
Good video! Thank you neighbor!
Thank you 😊
Thnk you it help me a log panay ako hanap internal transfer kasi nangyari sa amin ng bestfriend ko
Matalino, may sense at pretty yung vlogger
Salamat po 😊
Lud suggestion ko lang. Next time mas maganda at least my white board ka. para mas masundan. Tx Lud!
Thank you for the suggestion 😊 But I think it’s still better to use technology than the traditional whiteboard. Mas visually appealing ang information kaysa kung handwriting ko lang. Feel ko ma-bobored ang viewers. Anyway, viewers can pause the video or adjust the speed of the video so they can follow the discussion 😊
Super galing and detailed ng explanation..
Salamat po 😊
Very informative content. Thanks for sharing
Thank you, God bless po for sharing
Thank you! Ang galing mo mag explain sis! Big help since Im going to buy pasalo condo.
Thank you 😊💕
Thanks for this video. Very informative. I love it!!!
The best!
Thank you po 😊
Thank you for sharing.
watching from LA, I learned so many things here since I am interested with Condo pasalo. Salamat for sharing your knowledge, very informative and I will take notes b4 venturing with Condo pasalo. New subby here!
Wow LA! That makes me miss In-n-out. Anyway, if you’re a real estate investor, what you should be focusing on is condo flipping or leasing and not condo pasalo. You don’t earn from condo pasalo po since this for those who can’t continue paying for the condominium they are about to purchase or they have already purchased.
@@OwnPropertyPH do you offer consultations sis?
@@GenandJoeStories hi po, I can’t offer consultations yet since I’m not yet a licensed real estate consultant 🥺 I still have to wait for three years before I can take the board examination (REVALIDA and written). 10 years of practice as a real estate broker is part of the requirement.
@@OwnPropertyPH got it, be there in 2 weeks to scout. Salamat sa mga videoes mo. More power!
Hi. Can you assist me. Gusto ko ng ipasalo ang pre selling condo unit ko sa mandaluyong ( light residence 2) 4 yrs na ako g naghuhulog. Thanks
Nice Video. One comment though. I think it's better to remove the subtitle zoom animation effect. It will increase readability a lot.
Sige po. I'll fix the subtitle 😊 Thank you so much.
Been searching for this kind of video🥰 thank you po😍
Glad you found this video helpful 😊💕
Thanks for v informative video
Thank you for this informative content. 10/10 Congrats. dami ko natutunan.
Salamat po 😊💕
super helpful po nito, pero possible ba na yung sumalo eh papasalo nya rin? ano po yung steps na gagawin at risks associated? sana po mapansin nyo.
very informative. Thank you so much!
Sound a like of Megan Young 😻
hahaha! hindi ko po pansin 😊
Salamat dito! :)
Welcome po 😊
Thanks for putting this together! I've been looking for tips on condo pasalo properties and I've learned a lot from this video. Keep it up!
You’re most welcome po and thank you so much for the encouragement po 😊
Super helpful and malinaw ang explanation!
Thank you so much po 😊💕
Hello, thanks sa info malaking tulong sakin to , dahil balak ko ipaassume ang unit ko, may ask lng ako , mas mabilis ba ma process ipaasume ang unit ko na nakaloan na sa bank pero hindi ko pa pinalipat sa name ko? O mas mainam ipalipat ko muna from developer to sa name ko mismo ang title bago ipaasume? Sana masagot nyo mam. Thankyou in advance🙂
Question po. Yung seller may broker, should we also hire the help of a real estate broker to help us? For safety and convenience po ba since hindi namin kabisado
Hi, pwede po bang ipalipat ang loan from sellers bank to buyers chosen bank?
Thank you Me an! This really helps! 🤩🙌
I'm so glad that you found it helpful po 😊
Galing! Very detailed lahat. Thank you for this ❤️🙏
Awww... Thank you po 😊
Hi ma'am Me-An, thank you for this informative video content I have watched it helps me a lot even I'm not a license real estate broker. Thank you.❤️
Thank you for your comment po 😊
Okay your welcome po ma'am.
What if the property is under bank mortgage and the buyer wants to buy in cash? thanks
Then the buyer can just pay first for the mortgage balance then the remaining balance will be paid once the mortgage annotation has been cancelled and the Deed of Absolute Sale has been executed 🙂
very helpful..thank you.😀
I’m happy you found it helpful 😊
Thank you sa good info ng Yong video
Maraming salamat sa panonood po 😊
this is my 3rd video fr ur blog I watched n I must say it's soo very informative.now how about a blog re buying a foreclosed property.is it cheaper buying this n what are the risks involved?ur response is highly appreciated.stay safe.salamuch..
Hi, sir/ ma’m, thank you so much for watching my videos. Yes, I’ll definitely make a video regarding it sometime in the future po. But just to give you a brief answer, foreclosed properties may not be necessarily cheaper. When a foreclosed property is sold, it’s on an “as is where is basis” so if there are unpaid utilities and even unpaid real property taxes, the buyer would have to shoulder it 😊 Another risk is that the property might be infested with termites. Sometimes that can be missed even with a house inspection.
thanks for the informative content. ask ko lang kung magpasalo ako ng condo na still under bank loan, do i need to pay CGT? thanks for the response.
Thank you so much!
Welcome po 😊
thank you!
Welcome po 😊
Nice ... explaination ... can u help me po iwant to sale my condo unit 😊
Hi, thank you for appreciating my video po 😊 I regret to inform you that I can’t po now. Maybe other real estate brokers can help you 😁
Nice content, very helpful. But you forgot to mention if selling happens during downpayment period, seller might need to pull out the cheques provided by the seller to the real estate state developer.
Ah, yes, apologies that I forgot about it because almost all of my clients have auto-debit arrangement or just send a screenshot of their monthly payment with the real estate developer 🥺
So thank you for this comment 😊 Those who purchased and paid via PDCs will find your additional information useful 💕
Just to share, what happened to me, pero 2 PDC na lang naman yun naiwan sa developer so nagkaroon na lang ng agreement na kasama yun sa babayaran ng buyer, yun lang meron talaga need mag paubaya if buyer will trust the seller na popondohan ang checque 😁 may notarkzed agreement naman para safe ang buyer
@@TheHappyMelo Thank you for sharing po 😊 At least everyone knows po na important yung pagkakaroon ng notarized agreement 😁
Thank you. Subscribed!
Thank you so much for subscribing 😊
Good content. Question po:
1. Fully paid na ang DP, on-time payments for 4 years already pero plano nang ibenta yung unit as pasalo. Paano ang tamang pag-compute ng selling cost considering na marami nang renovations na ginawa sa unit with better fixtures, and fully furnished na rin?
2. Is it acceptable sa industry na ibenta/pasalo yung unit for a higher price? For context, meron pang 3 new buildings under construction sa condo complex na ito, at yung same unit specifications sa new buildings at unsold units ng same building is now worth P1M higher.
Thank you for replying.
Hello po. Answer sa question niyo po:
1. DP palang po fully paid meaning naka-mortgage po sa bank yung unit. For computation, depende po sa klase ng renovations. Paminsan kasi mahal yung ginastos pero wala naman talagang contributory value po. Tapos walang pakiang buyer sa furnishings. So pag ganito, mas okay ipa-appraise niyo sa real estate appraiser.
2. Pag ibebenta at a higher price, hindi po yun pasalo, considered condo flipping na po iyon. Although you can’t use the price of the units sold at the newer buildings as the basis of your selling price. Most of the time, hindi po yun market value at kasama sa pricing yung financing para sa stretched down payment term.
New sub here, thank you for the info :)
Welcome po 🙂
Thank u so much for all ur informative vids!
Hello. Can you make a video po na kukuha ng condo pero instead na ang owner ang magbabayad is gagawin rentahan nalang? Thanks. BTW very helpful video
Clarify ko lang po rental process po yung video na gusto nyo as a tenant or as an owner paparentahan ang property? 😊
@@OwnPropertyPH owner owner. bali nakakuha na po kami ng condo. pero ipaparent namin po.
@@OwnPropertyPH update po
hi there, thanks for your video, sana matulungan mo kming e-sell ang unit condo sa paranaque or e-refer mo nman ako thank you
Kindly send details at hello@ownpropertyph.com po para ma-check ko kung matulungan ko kayo o kung sinong real estate broker ang makakatulong po sa inyo 😊
@@OwnPropertyPH hi ma’am. I also need a RS broker po for my condo na nakuha ko for pre-selling. 2 years nadin ako nakapag pay and Di ko na kayang ituloy. Pa refer din po ako please 🙏
Love this video! Very informative!!
Thank you, ma'm 😊
At the end of the video sa step 5 whuch is execute deed of sale with assumption of mortgate? How to to this po? Thanks
Execute means make the DOAS with assumption of mortgage legally binding. So sign and have it notarized then pay and comply with the required documents by the lender for the transfer of mortgage then register the DOAS with assumption of mortgage at the RD so the title can be annotated.
That is the basic process but it can still vary depending on the circumstances 😊
Thank you for this info, looking for real estate agent who can help me sell my pre selling condo unit.
Perhaps a real estate agent focusing on condo pasalo can reach out to you 😊
@@OwnPropertyPH thank you for the response, more power to your channel. Godbless
Pwede po ba, hingi ng advise
This is super helpful! Hello, Me-An! 💜
Thank you, Raina, the one and only Konyo Queen 😊
Hi Ms. Mean, Any advise on how to PASALO the LOT only kung paano mapapabilis ang pagbenta? Thank you in advance.
Hi, para mapabilis po magbenta best to hire a real estate broker na nag-focus sa pasalo lots. Sila po kasi yung may ready network ng investors at mas mapapabilis ang benta compared kung kayo yung gagastos pa para maghanap ng buyer 😊
is lower unit lesser value?
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It’s not always necessarily the case since if it is a garden unit or it has direct access to amenities it will have more value 😊
Who pays the liaison person, is it the Buyer or seller if it is net ?
Hi, buyer po usually 😊
Hi Ms. Me-An. Stumbled upon this video on pasalo properties. And would like to ask if you know/can refer us to a licensed broker specializing in pasalo? we bought a property kasi na we will not be using anymore and would like to get rid of it. thank you so much in advance.
Hello, as of now, I haven’t met a licensed real estate broker specializing in pasalo properties. Most are generalists po but they concentrate in their area 🙂
Hi just want to ask some important questions regarding sa condo na binili ko, how can I reach you?
Thank you for a very informative video i wish i watch this long time ago, coz it's very applicable to be.
Question? I try to buy Condo at the Fort the Venice i put down and i make payment for like 2 years but when it time to take over i dont have enough money to pay the whole thing so i stop paying this is like 6 or 7 years ago do i still able to get some of my Money?
Under RA 6552, you should have been entitled to the cash surrender value of the payments on the property equivalent to 50% of the total payments you’ve made since you’ve done installments for at least 2 years. However, since it happened 6 to 7 years ago, I’m not sure if you can still compel the real estate developer to give what is due. They may have removed your records 🥺
Very detailed process. Thank you. I think this information is very helpful specially in these days of Covid-19 surge. The bonus dance enhanced the video too.
Thank you so much for your comment. It made me smile 😊💕
HI MS mean........where can i contact you? i need to ask something about the pasalo issues
Hello, sir, best to ask here rin po sana para makatulong din sa iba na may same issue
thanks for this one i learned a lot from this.
Great to know that you learned a lot po 😊
Very helpful video, for buyer like me living abroad and want a fast transaction dahil limit lang stay para maasikaso, what is the maximum time frame to do all this process if cash basis?
If cash basis, the longest time for transfer process should be four months😊 Pero merong times na lumalagpas pa rin ng four months kapag hindi inaasikaso at nag-fofollow up yung naglalakad.
@@OwnPropertyPH Thank you so much ma'am for this information.
Is pasalo the same as condo flipping? 🤔🤔🤔
No, ma'm/sir 😊 For pasalo, you're basically asking someone to assume your balance since you can no longer pay. But for flipping, you intend to sell it quickly for a profit.
@@OwnPropertyPH if ipasalo mo with a gain, it will be flipping
@@OwnPropertyPH Hi, is it the same procedure if we want to flip our condo pero hindi pa sya natuturnover?
Hi,
Bago lang po ako sa group na eto but wanted sana makakuha ng insights.
Kumuha kami ng unit sa SMDC Calm Residences in Laguna.
For investment purposes. Naghuhulog po kami ng downpayment for almost 2 yrs.
Ano po kaya magandang gawin?
Option 1: PASALO
Paassume namin ang unit while nasa downpayment stage pa para madaling TOR?
Can we use the current market value? Or the TCP based sa CTS?
Option 2: RESELL AFTER TURNOVER OF UNIT
We will pay in cash then resell the unit based on current market value?
Thanks po sa sasagot
salamat maam sa very informative video na ito, maam, baka may ma i recommend kayo na agent na nka focus sa pasalo, salamat
Wala pa po akong ma-recommend so far. Baka may makakita nito po at mag-message rito na agent 😊
Thanks po sa information..
Welcome po 😊💕
Sa 2nd iption po, kailangan pa po ba iupdate si developer regarding sa pagappasalo ng property?
I'm planning to assume a condo, which is through Pagibig financing,,however, I DO NOT HAVE A Pagibig,,,pls help me on what to do??,,I really like the condo which I saw on line and already check the unit and meet the owner...
PAG-IBIG approves loan depending on a borrower’s capacity to pay, requested loan amount, actual need, and the loan-to-value ratio.Since PAG-IBIG conducts background, employment, and credit investigation, you may want to do the following to increase your chances of approval:
• make sure you can provide proof of income that shows you have a steady source of income for the past 2 years
• make sure the property you are purchasing is within your financial capacity
• make sure you have a good credit score
• make a higher downpayment
• get a co-borrower who has PAG-IBIG
Hope this helps 😊
@@OwnPropertyPH woww,,thank u so much for Replying,, but I decided not to assume on the Unit anymore,,many advised me not to,,, with all the risks and everything... It's better to take a New Unit, and through Bank financing or in house,, since I do not have Pagibig... This is a much better option,,, yes?...
@@foodieallure3088 if you’re first time buyer, it’s better to buy a new unit instead of risking buying a condo pasalo. There are times when the lower cost is not worth the headache and trouble 😊 Just make sure that you will be qualified for the bank financing.
Hello po. I got a condo unit months before the pandemic, paid only the equity, actually hindi pa nga po fully paid, but I decided not to push it through since hindi maganda yung developer and the management itself. Now I have to send a back-out letter but my concern is hindi po ba ako mahi-hit or ban if I decide to get a new unit to another developer? I had just graduated from college when I got that condo and I admit that I didn't practice due diligence. May bearing na po ba ang hindi ko pagcancel ko sa first condo kahit hindi ko pa naman na-apply for bank financing/PAG Ibig?
Naghehelp po kayo maghanap ng sasalo ng condo? We have an Avida unit sa cloverleaf, turnover po April 2025
hello, please help me get Internal Agreement format for assume balance for relative who is willing to continue the payment.
thank you in advance!
Hi, there is no standard format for an internal agreement since it will be based on your discussion and conditions for the sale 😊