Driven Marketing Group

How To Buy a Home in an Easy Way?
Guidelines on how to buy your first investment– Your Own Home

Researched and Compiled to make your first homebuying 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

Page 2

For Inquires, call or text: Catherine Dizon 0942 463 55 36

Introduction
“Having his own home is the first investment that an individual should make”. This is a quote based on the book of David 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 they’ve noticed that they have grown old 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 I’ve read, and from the respected 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 them The 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, don’t hesitate to pass this. Thank you and happy reading.

Catherine Dizon Marketing Executive Driven Marketing Group

Page 3

Driven Marketing Group

Table of Contents

Title Page………………………………………………………………………………………………...……………..1 Introduction…………………………………………………………………………………………………………..2 Table of Contents…………………………………………………………………………………………………….3 Why Find an Agent………………………………………………………………………………………………….4 The Location…………………………………………………………………………………………………………..7 Choose the type of House…………………………………………………………………………………………8 Investigate The Developer………………………………………………………………………………………..11 Financing your home……………………………………………………………………………………………...12 Take a tour……………………………………………………………………………………………………………..17 Projects in Rizal..……………………………………………………………………………………………………19 Projects in Laguna………………………………………………………………………………………………….23 Projects in Cavite…………………………………………………………………………………………………...25 Projects in Manila…………………………………………………………………………………………………..27 HDMF Citizen Charter– Housing Loan Availment…………………………………………………….30 Reference……………………………………………………………………………………………………………….50

Page 4

Driven Marketing Group

Page 4

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 Bureau- Buying a Home.

Why do you need an agent? Although 85 percent of first time home buyers use an agent, you don’t have to. But keep in mind, though, that technically, the fee for your agent doesn’t come out of your pocket- the seller pays. So going solo doesn’t 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 It’s 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. It’s 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 and reliable 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.

Page 5

For Inquires, call or text: Catherine Dizon 0942 463 55 36

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 seller’s agent( also called inhouse agent) for each piece of unit you wish to look at. Providing a comparative market analysis (CMA). A CMA compares, feature for feature, amenities to amenities, the prices, the monthly amortization against similar properties 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.

♦ ♦

How to look for the best one

Educates you about the home-buying process. A good agent takes the time to answer 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. You’ll be providing this person with intimate details about your finances and lifestyle. And depending on the type of market of market, how particular you are about the property you purchase, or the terms of the contract, you may be spending quite a lot of time with your agent. Make sure he’s someone you like.

Real Estate

Real People

Real Service

Page 6

For Inquires, call or text: Catherine Dizon 0942 463 55 36

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 won’t pressure you to make an offer on a home you don’t like or a property that’s 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 agent’s 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 particular 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.

Page 7

Driven Marketing Group

Page 7

The Location
Now that you’ve 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 don’t care whether it’s in rural or urban areas as long as it’s quite cheaper. They are betting that its value will rise more quickly than if they purchased in an established one. A wrong move I guess. In real estate, it’s not the property or the type of house that matters; it’s 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 accessibility 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 location. Also ask if the neighborhood gets affected by floods. The presence of Markets, Groceries, Municipality. Accessibility to these establishments 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 themselves 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.

Page 8

For Inquires, call or text: Catherine Dizon 0942 463 55 36

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 in the midst of suburb. It can be a high-rise condominium in the middle of a major metropolis. The kind of dwelling you choose depends on the characteristics of the local market, your budget, your lifestyle, 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 of similar or identical design, situated side by side and joined by common walls.

Town House 1. A comfortable-to-luxurious dwelling in an urban environment. 2. One of a series of houses constructed in an unbroken row, separated by party walls, often with a relatively flat roof. 3. An upscale row house.

Page 9

Driven Marketing Group

Page 9

Single-attached House Is considered to be near full-sized house that is attached on one side to other house

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 family residences

A condominium, or condo, is the form of housing tenure and other real property 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 associated with the individual ownership and controlled by the association of owners that jointly represent ownership of the whole piece.

Page 10

For Inquires, call or text: Catherine Dizon 0942 463 55 36

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 hallway, the elevator or any common areas found in a condominium building including the lot. RFO or Pre-selling

Advantage RFO (ready for occupancy) You can live here anytime, Available units are already present and you can inspect it immediately Easy and no problem in turn-over.

Disadvantage Prices are higher than preselling. Once that the building or a house was near to construct, the prices tends to increase about 5-10% whenever a new block was built. A few units available. You cannot choose what unit you want because most units are already occupied by the other buyers. Shorter term, bigger down payment is needed. You cannot view your unit. All you have to do is imagine about it since this haven’t yet constructed. Monthly amortization and Down payment may overlap once your loan is granted. Turn-over may get a little bit delayed

Pre-selling

Price is lower than RFO. You can choose what unit is available since there are only a few buyers in preselling. Longer Terms

Page 11

Driven Marketing Group

Page 11

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 provided 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.

MANGUNGUPAHAN KA NA LANG BA?
TERRAZA DE ANTIPOLO 6.2K / MONTH

Page 12

For Inquires, call or text: Catherine Dizon 0942 463 55 36

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 sensitivity 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 developers, 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, It’s a simple process: either eliminate expenses until you have a surplus, or earn more income. It’s a lot easier and less timeconsuming to spend less rather than taking on a second job.” For example, stop spending 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

Page 13

Driven Marketing Group

Page 13

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 equity to your home. But do not worry about this sudden-bigamount 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 payment 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 payment 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 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. This consists of the following Principal Amount- the loanable amount (LA) that you will owe either to Government (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

Page 14

For Inquires, call or text: Catherine Dizon 0942 463 55 36

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 interest rate compared with banks and in-house financing, so PAGIBIG members 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 requirements on how to avail this offer. Interest Rates– This is the price you pay for the use of the money you are borrowing. 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 Registration fees, 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?

Page 15

Driven Marketing Group

Page 15

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- especially if you delay until the houses are finished and filling up- the more you’ll pay.

Totoo, 60 PESOS A DAY! Uupa ka pa ba?

Page 16

Driven Marketing Group

Loan Available in the Philippines There are many organizations that offer a housing loan program, but here’s the most common loan that the developer was offers: Interest PAGIBIG
4.5% to 12%

Term
Maximum of 30 years

Description
They are very strict in requirements. But they are offering the lowest interest in longest possible term. Many requirements need to comply. Down payment should be 20% of Total Contract Price

BANKS IN-HOUSE

8% to 12% 12% to 25%

Maximum of 20 years Maximum of 15 years

Fewer requirements than PAGIBIG. The easiest way to process. This is highly recommended by real estate brokers for the individual 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 by Robert Allen, popular speaker, multimillionaire and author of the all-bestselling real estate book Nothing 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 can’t 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.

Page 17

For Inquires, call or text: Catherine Dizon 0942 463 55 36

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 living in abroad or far from the location, better to ask a relative 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 servant’s room? Do you prefer a

Camera or Video recorder
A picture is still worth a thousand words. Take your camera and photograph everything: the interiors of the rooms, the exterior of the property (all four walls, whether it’s 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 don’t 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 was he 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 don’t.

Page 18

Driven Marketing Group

Page 18

_____________________________________________________________________ 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. I’ll appreciate if you give feedback.

Catherine Dizon
Driven Marketing Group SUN: 0942 463 5536 Globe: 0916.885.6914 Smart: 0909.349.0663 Email: catherine.a.dizon@gmail.com catherine_a_dizon@yahoo.com.ph

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

Mangungupahan ka na lang ba?

Page 19

For Inquires, call or text: Catherine Dizon 0942 463 55 36

Projects located in Rizal Area
UNITS

End unit Inner Unit

Corner Unit

FLOOR PLAN (GROUND FLOOR)

FEATURES AND AMMENITIES
• Entrance gate with Guard House • Club House • Basketball Court • 2 Swimming Pools • Parks and playgrounds • Concrete Roads (10m- and 8mwide roads) • Underground Drainage System • Centralized water distribution system (Mla Water) • Centralized power distribution system (Meralco) • 24 – Hour Security and CCTV • Perimeter fence

FLOOR PLAN (2ND FLOOR)

Page 20

Driven Marketing Group

Page 20

MODEL UNIT

Alyssa Regular Unit

Elysse Regular Unit 54 sqm 63.65 sqm

Alyssa Corner Unit 129 sqm 88.97 sqm

Lot Area Floor Area

54 sqm. 63.65 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 10 yrs 15 yrs 34,543.70 22,323.65 19,064.39 36,715.21 23,726.97 20,262.83 66,615.23 43,049.66 36,764.4

Page 21

For Inquires, call or text: Catherine Dizon 0942 463 55 36

Projects located in Rizal Area

Page 22

Driven Marketing Group

Page 22

Page 23

For Inquires, call or text: Catherine Dizon 0942 463 55 36

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 25 years - P6,079/month 30 years - P5,805/month Net Disposable Income: P15,000.00

Page 24

Driven Marketing Group

Page 24

INNER UNIT
PAGIBIG FINANCING LOT AREA : 36 SQM FLOOR AREA : 46 SQM Total Contract Price - P664,227.50 Reservation Fee - P5,000.00 Equity - P67,227.50 Payable in 15 months - P4,151/month Pagibig Loanable Amount - P597,000.00 Pagibig Monthly Amortization 20 years - P4,628/month 25 years - P4,219/month

END UNIT
PAGIBIG FINANCING LOT AREA : 52 SQM FLOOR AREA : 46 SQM Total Contract Price - P822,137.50 Reservation Fee - P5,000.00 Equity - P84,137.50 Payable in 15 months - P5,275/month Pagibig Loanable Amount - P738,000.00 Pagibig Monthly Amortization 20 years - P5,271/month 25 years - P5,216/month

CORNER UNIT
PAGIBIG FINANCING LOT AREA : 59 SQM FLOOR AREA : 46 SQM Total Contract Price - P890,192.50 Reservation Fee - P5,000.00 Equity - P101,192.50 Payable in 15 months - P6,412/month Pagibig Loanable Amount - P789,000.00 Pagibig Monthly Amortization 20 years - P6,847/month 25 years - P6,353/month

Page 25

For Inquires, call or text: Catherine Dizon 0942 463 55 36

Cavite

Page 26

Driven Marketing Group

Page 26

Page 27

For Inquires, call or text: Catherine Dizon 0942 463 55 36

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 TOTAL CONTRACT PRICE RESERVATION FEE ESTIMATED DOWN PAYMENT per month 12 months 24 months 30 months 32,500.00 16,250.00 13,000.00 19,166.66 9583.33 7666.66 2,000,000.00* 10,000.00 STUDIO TYPE 1,200,000.00* 10,000.00

Page 28

Driven Marketing Group

Page 28

Page 29

For Inquires, call or text: Catherine Dizon 0942 463 55 36

WE are giving REFERAL FEE for every successful referral. Terms and Conditions Applied. Email or Text for Details.

Page 30

Driven Marketing Group

Page 30

Page 31

For Inquires, call or text: Catherine Dizon 0942 463 55 36

Page 32

Driven Marketing Group

Page 32

Page 33

For Inquires, call or text: Catherine Dizon 0942 463 55 36

Page 34

Driven Marketing Group

Page 34

Page 35

For Inquires, call or text: Catherine Dizon 0942 463 55 36

Page 36

Driven Marketing Group

Page 36

Page 37

For Inquires, call or text: Catherine Dizon 0942 463 55 36

Page 38

Driven Marketing Group

Page 38

Page 39

For Inquires, call or text: Catherine Dizon 0942 463 55 36

Page 40

Driven Marketing Group

Page 40

Page 41

For Inquires, call or text: Catherine Dizon 0942 463 55 36

Page 42

Driven Marketing Group

Page 42

Page 43

For Inquires, call or text: Catherine Dizon 0942 463 55 36

Page 44

Driven Marketing Group

Page 44

Page 45

For Inquires, call or text: Catherine Dizon 0942 463 55 36

Page 46

Driven Marketing Group

Page 46

Page 47

For Inquires, call or text: Catherine Dizon 0942 463 55 36

Page 48

Driven Marketing Group

Page 48

Page 49

For Inquires, call or text: Catherine Dizon 0942 463 55 36

Reference:

Start Late Finish Rich, David Bach Creating Wealth, Robert Allen Building Real Estate Wealth in a Changing Market, John Schaub Insider’s Guide to Success– Buying a Home, Better Business Bureau www.pagibig.gov.ph American Heritage Dictionary Webster Dictionary

Suite 3C, NCC Building, 586 Sierra Madre St., Barangay Malamig, Mandaluyong City 1550

Phone: 0942 463 5536/ 0909 349 0663 E-mail: catherine.a.dizon@gmail.com catherine_a_dizon@yahoo.com.ph Website: www.catherinedizon.com

Sign up to vote on this title
UsefulNot useful