KINDS OF REAL ESTATE
KIND
RFO (Ready for Occupancy)
PICTURE
DESCRIPTION
These are units in buildings,
usually condominiums, that are
ready to move into at any
moment. They are typically
located near commercial
centers and universities, making
them an attractive real estate
investment for investors and
first-time home buyers.
KIND
LOANABLE AMOUNT
PICTURE
DESCRIPTION
This is the amount that the bank,
PAG-IBIG fund, or even the
developer can lend to the home
buyer.
KINDS
NON-RFO
These are units that are yet to
be built. It takes time before the
buyer will move to it
immediately because it will go
through the construction
period. It is also sold before its
completion.
FINANCING
It is the process of providing
funds for purchases or
investments. Like banks, for
example in lending money to
clients.
EQUITY/DOWNPAYMENT
It is an amount of money paid
by the buyer at the start of the
purchasing process. The down
payment is only a part of the
entire buying price, so the
buyer will most likely need to
take out a loan to cover the
rest.
INTEREST RATE
The interest rate is a proportion
of the principal that the amount
borrowed, that a lender
charges a borrower.
 REPRICING PERIOD
PICTURE
DESCRIPTION
It is the period or time for which the
interest rate will be applied. Interest
rates will be repriced after this
period and will either go up or down
depending on economic variables
at the time of repricing.
KINDS
AIF (Attorney in Fact)
PICTURE
DESCRIPTION
A person who has been given
authority to act on behalf of
another person, generally in
business or other formal
matters and with the use of
special power of attorney.
KINDS
DEFERRED PAYMENT
It is an agreement between a
lender and a borrower that
allows the borrower to take
possession of items right away
and begin making payments
later. It usually offered in 0%
interest rate.
SINGLE ATTACHED
It refers to a home that is built
immediately on the lot's border
on one side. Because you
share this boundary line with a
neighbor, you also share a
wall.
AMORTIZATION
It refers to the practice of repaying
debt over time in regular interest
and principal payments sufficient
to pay off the loan in full by the
due date.
SINGLE DETACHED
A single house that is not connected
to any other construction or house. It
is surrounded on all sides by open
space and has no houses above or
below it.
 TOWNHOUSE END UNIT INNER UNIT
PICTURE

DESCRIPTION
Homes that share one to two
walls with neighboring properties
but have separate entrances.
Those units that are in the end Those units that are constructed
of the row houses. between two or more other houses.
It is more regularly transacted on the
property market.

KINDS
INNER LOT CORNER LOT AMENITIES
PICTURE

DESCRIPTION
These are the lot in between of
the rows in the lot,
A lot that can be found in the
intersection of two streets. It's a
plot of land that sits at the
crossroads of two streets, giving
the house frontage on both sides.
It is a characteristic of a home
that makes it more appealing to
prospective buyers or tenants. In
the real estate market, amenities
are often utilized and may be
included in property listings.
 KINDS
COMMISION/PROFESSIONAL FEE ANNUITY AUTHORITY TO SELL
PICTURE

DESCRIPTION
It is the real estate sales person’s
compensation for performing his/her
duties in real estate practice.
It is a yearly payment of a sum of
money chargeable to the land or other
property charge. It is the present value
of a series of equal payments made at
fixed intervals over a fixed period of
time.
It is a listing contract
between the seller and
the broker to produce a
buyer for the property.

KINDS
RAW LAND LOCK-IN PERIOD BALLOON PAYMENT
PICTURE

DESCRIPTION
This refers to the lands that has not
been improved or developed
It is a length of time during which
pre-payment on a note is not
allowed by the lender. During the
period, a borrower is prohibited
from selling or transferring the
property secured by the note
It is a term used when the
final installment payment of
a note is greater than the
preceding installment
payments and it pays the
note in full
KINDS
RTO (Rent to Own)
PICTURE
DESCRIPTION
An agreement which you agree to
rent a property for a set amount of
time with the option of purchasing it
before the lease expires. You pay
rent for the duration of the lease,
and a portion of your payment may
be put to the purchase price.
KINDS
CTS (Contract to Sell)
PICTURE
DESCRIPTION
It is a legal document that
specifies a deal between a seller
and a buyer, with the seller
pledging to sell the property and
the buyer committing to buy it.
RESERVATION AGREEMENT
When a buyer pays a fee and
reserves the right to acquire a
property for a length of time
during the reservation term, it is
known as a reservation
agreement.
OCT (Original Certificate of Title)
It is a record or document that
serves as proof of property
ownership. It can take the form of
a tax statement, a deed of sale,
or a Torrens Certificate of Title.
BUYER INFORMATION SHEET
This has all the information of
the buyer including their names,
contact details, and etc. that are
confidential.
TCT (Transfer Certificate of Title)
It is also known as a deed of
absolute sale. It is the legal title to
a piece of land, whether or not it
has a physical construction on it.