Cebu Properties For Sale- Cebu Real Estate/ Cebu Real Estate Properties for sale: May 2008

Thursday, May 15, 2008

Affordable townhouses in Mactan and Minglanilla

Location: Masulog Mactan and Tungkop Minglanilla
Financing: Pag-ibig or 3 months cash payments

--------2 storey model unit (Mactan and Minglanilla------------

2 storey
2 bedrooms
1 toilet and bath
lot area: 40sqm
floor area: 47 sqm
COMPLETE WITH TILES! FINISHED UNIT!

NOW OPEN FOR RESERVATIONS!

Total Contract Price: 975,000
less:
PAGIBIG loanable amount: 750,000 (monthly amortization is 5,300 ++ for 25yrs)
reservation: 5,000
Equity= 220,000 payable in 18 months @ 12,222.22 per month!

-------------------1 storey rowhouses (not available in Mactan)-----

1 storey
studio type
1 toilet and bath
Lot Area = 32 sqm
Floor Area = 22 sqm
TOTAL CONTRACT PRICE= 450,000
less:
Loanable Amount = P300,000
Reservation Fee = P5,000
Miscellaneous Fee =145,000 nalang payable in 22months!

Sunday, May 11, 2008

Kishanta, Talisay City

Location: Talisay City (a few minutes drive to the Metropolis of Cebu

Ayya House Model
House type : 1 storey single detached
Lot area: 150 sq.m.
Floor area: 55 sq.m.
Comprises : 2 bedrooms, 1 maid's room, 2 toilet and baths
Carport : Space capacity
Total Package Price: 2,395,950 (vat inclusive)
Transfer Charges: 87,848 (transfer of lot titles etc)

Reservation fee: 50,000 (good for 1 month)

****20% down payment spread over 12 months zero interest at 35,766 per month for 12 months

****80% balance spot cash of 1,916,760 pesos or bank financing of up to 10 years at 27,500 pesos

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Avasa House Model
House type : 2 storey single detached
Lot area: 150 sq.m.
Floor area: 74 sq.m.
Comprises : 3 bedrooms,1 maid's quarter,3 toilet & baths
Carport : Space capacity
Total Package Price: 3,083,485 (vat inclusive)
Transfer Charges: 104,699 (transfer of titles)

Reservation fee: 50,000

******20% down payment spread over 12 months at 47,225 per month

*****80% balance SPOT cash of 2,466,788 pesos or bank financing of 10 years at 35,391

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Mexara House Model
House type : 2 storey single detached
Lot area: 150 sq.m.,238 sq.m. and 246 sq.m.
Floor area: 100 sq.m.
Comprises : 3 bedrooms,1 maids quarter,3 toilet & baths
Carport : Space capacity
Total Package Price: 3,957,661 (vat inclusive)
Transfer Charges: 126,114 (transfer of titles)

Reservation fee: 50,000

******20% down payment spread over 12 months at 61,794 per month

*****80% balance SPOT cash of 3,166,129 pesos or bank financing of 10 years at 45,425

Thursday, May 8, 2008

Cheap LOTS in Talamban Cebu City

Location: Pit-os Talamban Cebu City

*Minimum cut is 120 sq. meter
*Some lots are flat, some are down hill and uphill
*Some are overlooking

*Reservation: 10,000

Price/sq.meter: 5,000

Payment Terms:
*20% down payment, 80% balance 2 years to pay without interest

*20% down payment, 80% balance up to 10 years to pay. First year no interest

Cash buyers:

*12% discount if paid within 7 days
*10% discount if paid within 30 days
*8% discount if paid within 60 days

Subdivision Amenities:

*Multi-purpose club house
*Tennis court
*Basketball court
*Olympic-type swimming pool
*Landscape entrance gate and guardhouse
*24 hr security
*Perimeter wall
*Pocket gardens
*Wide concrete roads
*Concrete curbs and gutters
*Paved sidewalks with shade trees
*Mercury street lamps and concrete electrical posts
*Underground drainage system
*Centralized interrelated water system and overhead tanks

This is fully developed with individual titles ready for transfer!!!!!!!!

Guide when Buying real estate in the Philippines

As a rule, only Filipino citizens and corporations or partnerships with least 60% of the shares are owned by Filipinos are entitled to acquire land in the Philippines. Aliens can acquire land in the Philippines only on a few exceptions: 1) Acquisition before the 1935 constitution. 2) Acquisition thru hereditary succession -if the foreigner is a legal heir. 4) Purchase of not more than 40% interest as a whole in a condominium project. 4) Purchase by a former natural born Filipino citizen who acquired foreign citizenship & has not applied and granted dual citizenship can purchase up to 1,000 square meters of residential land and 1 hectare of agricultural or farm land. Modes of Acquiring Land: * Private Grant - voluntary transfer or conveyance of private property by a private owner, such as sale or donation. * Public Grant – acquisition of alienable lands of the public domain by homestead patent, free patent, sales patent, or other government awards. * Involuntary Grant – acquisition of private party against the consent of the former owner, such as foreclosure sale, execution sale, or tax sale * Inheritance – acquisition of private property through hereditary succession. * Reclamation – filling of submerged land, subject to existing laws and government regulations. * Accretion – acquisition of more lands adjoining the banks of rivers due to the gradual deposit of soil as a result of the river current. * Prescription – acquisition of title by actual, open, continuous, and uninterrupted possession in the concept of owner for the period required by law. A foreign national and or corporation may enter into a lease agreement with Filipino landowners for an initial period of up to 50 years, and renewable for another 25 years. Or lease the property in your Philippine Corporation name for an unlimited period of time. Acquisition is the act of procuring or getting a hold of real estate property. Disposition is the manner of alienation, transfer of possession and ownership thereof as prescribed by the Philippine law. The acquisition and disposition of real estate is embodied in written agreements or contracts voluntarily entered into and subscribed by the selling and buying parties thereof, before a public officer designated as the Notary Public of the City or Province where the subject property is located. Thereafter, the instrument embodying the particular real estate transaction is required by law to be recorded in the Registry of Deeds in the City or Province where the real estate property is involved and located. The Philippines uses the "Torrens" system of real estate ownership. The Bundle of Rights Theory The bundle of rights theory inherent to property ownership are the right to use (Jus-Utendi), the right to enjoy the fruits of (Jus-Fruendi), the right to dispose (Jus-Disponendi), the right to abuse (Jus-Abutendi), the right to recover (Jus-Vindicandi), and the right to possess (Jus-Possidendi). The rights incident to ownership are, the right: * to enjoy and dispose of a property without other limitations than those established by law; * to file action against third parties to recover ownership; * to use force as may be reasonably necessary to repeal or prevent an actual or threatened unlawful invasion or usurpation of his property (Art. 429, NCC, relate to Art. 312, RPC); * the right to enclose or fence property - walls ditches, live or dead hedges - or by any other means without detriment of servitudes constituted thereon; * to demand indemnity for damages caused to property; * the right to compensation in the event of expropriation; * the right to be restored to possession in case of unlawful dispossession; * the right to the surface and subsurface of the land, right to construct thereon any works, plantation and excavation without detriment to servitude and subject to special laws and without right to complain of the reasonable requirements of aerial navigation; * the right to hidden treasure; * the right to accession and fruits of the property; * the right to "quiet title" to real property or any interest therein. Limitations on right of property ownership * CONSTITUTIONAL - such as police power, eminent domain or expropriation of private property for public use, taxation and escheat when revision of private property to state ownership in case of death of property owner without an heir; * LEGAL - zoning ordinances, regulations on subdivision projects, building code, and other special laws and regulations; and * CONSENSUAL/VOLUNTARY - easements and servitudes, usufructs, lease agreements, restrictions in subdivision and condominium deeds or restriction. The Regalian Doctrine of property ownership A principle in law which means that all natural wealth - agricultural, forest or timber, and mineral lands of the public domain and all other natural resources belong to the state. Thus, even if the private person owns the property where minerals are discovered, his ownership for such does not give him the right to extract or utilize said minerals without permission from the state to which such minerals belong. The Steward Concept of property ownership The Steward Concept is a legal doctrine which holds that property ownership presupposes concomitant obligations to the state and the community and that property is supposed to be held by the individual only as trustee for people in general; and that as mere steward, the property owner must exercise his rights to the property not just for his own exclusive and selfish benefit or interest but for the good and general welfare of the nation as a whole. The National Housing Authority Presidential Decree No. 957, which regulates the sale of subdivision and condominium developments, and providing penalties for violations thereof.

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Thursday, May 15, 2008

Affordable townhouses in Mactan and Minglanilla

Sunday, May 11, 2008

Kishanta, Talisay City

Thursday, May 8, 2008

Cheap LOTS in Talamban Cebu City

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If your dream house/ property are not listed here, please feel free to contact me, and I will be very glad to offer my service to find your dream house/ property. God bless

Rommel Cabrera

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Guide when Buying real estate in the Philippines

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