Cebu Properties For Sale- Cebu Real Estate/ Cebu Real Estate Properties for sale: February 2009

Friday, February 27, 2009

LEASE to OWN houses in Mactan Cebu--Best deal in town

Qualifications:

1. The client should sign up into a LEASE-to-PURCHASE Agreement.
2. The lease shall be at least a 1-year contract.
3. The lessee is required to pay 2 months advance and 3 months security deposit.
4. The client is given an Option Period of 1 YEAR i.e., to decide whether to purchase the unit or not.
5. If undecided to purchase upon end of the 1 YEAR option period, the contract will remain a lease agreement
and may be renewed or terminated as requested.
6. If client decides to purchase the leased unit, the amount paid as rent for the whole year shall be credited as
partial payments of the unit and by then the contract shall be converted to an absolute purchase agreement.
7. Upon decision to purchase, client shall render advice to the developer as to what form of financing to apply for the balance.
8. Note that when client enrolls in the lease-to-own program, it is expected that rental will be at a premium.

Please see rental price ranges below:

Hermoso Grande: 60,000.00 pesos
Hermoso : 40,000.00 pesos

60k pesos per month

40k pesos per month

Sunday, February 15, 2009

Corinthians Subdivision MACTAN (925,000 pesos HOUSES)

Location: Suba Masulog, Basak Lapu-lapu City

This is strategically located in Basak Lapu2 City, near big subds and Mactan Doctors Hospital and upcoming GAISANO Mall in Basak

2 storey
2 bedrooms, 1 toilet and bath
Floor Area: 54sq.m
Lot Area: 40sq.m

Features:
Cast-in-place Reinforced Concrete Structure
2 Bedrooms
Toilet and Bathroom with tiles
Rib-type Coloured Sheet Gauge 28 Roofing
With Ceiling
Finished Walls
Flooring with Tiles
Steel casement windows
With Concrete Stairs

total contract price= 975,000 (with tiles and 2 bedrooms) or 925,000 (without tiles and partition)
less:
reservation= 5,000
PAGIBIG LOANABLE AMOUNT= 750,000 to 874,000
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EQUITY : Php 220,000 (with tiles and 2 bedrooms)
Php 96,000 (without tiles and partition)

Community Features
Association Fee
Basket Ball Court
Clubhouse
Controlled Access
Playground/Park
Public Transportation

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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Friday, February 27, 2009

LEASE to OWN houses in Mactan Cebu--Best deal in town

Sunday, February 15, 2009

Corinthians Subdivision MACTAN (925,000 pesos HOUSES)

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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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