Life in Cebu City, Cebu

Why invest in Cebu City, Cebu

Almighty Lord Jesus Trumpet Realty and Brokerage (ALJT Realty and Brokerage) was founded by Realtor ANTONIO RUIZ BERNALES, BSCS, MA, LLB, REB. Buying a house is one of the biggest decisions you will make because it involves huge amount of money that can affect the financial status of the Family. Here are some guidelines that may help the buyer to get the right house for the family. Foreigner as buyer. The Foreigner should know that he can own a Condominium unit even if he is not married to a Filipina as provided under the Philippine Condominium Law. If he wants to buy a property other than condominium unit he must choose a most trusted Pilipino to act as dummy. This will require an assistance of a lawyer. Be prepared for an investment. Buying a House is considered as an investment. Ask yourself these questions: How much can I afford? Do I have enough savings or income to make the payments? Analyze your cash flow and see how much you can afford for a house purchase. Do I have to buy a lot only and build a house with my own design? Do I have to live in the house or for rental purpose only. Buyer must allocate a budget and go directly with the purpose of buying the house to narrow the search. Know your priorities. Should I buy a house or a condo? If your final decision is a house, you must consider the following choices such as Row house, Townhouse, Duplex house, Single-attached house, or Single-detached house, and add in it the number of storeys. There are just some of the options available in the market. Make a list of the features you want in your new home and arrange them according to your priorities. Another things to consider are number of bedrooms, carport space for your cars, landscape garden, swimming pool, security for your safety, location of the subdivision and surroundings, the road for your ingress and egress, public transport, safe for natural calamities like tsunami, flood, landslide, typhoon, storm surge, and earthquake. List down your priorities these may help reduce stress and time in searching your home. Stick to your budget. If you are fortunate to have sizeable amount set aside, you might want to consider a spot cash payment. Otherwise, there are many options for you to finance your purchase such as Pag-ibig or Bank or In-house financing schemes. Ask for a sample computation and see if this will fit your budget. Ask for advice. Once you have an idea of the kind of house you are looking for, seek the advice of a license real estate broker. They can point you in the direction of available properties that fits your wants and needs as well as steer you through the paper work and buying process. Because they are licensed professionals. you can be confident that they received the proper training to make sure your transaction flows smoothly. Commercial purpose. If you are looking a commercial unit you must include the possible customers or clients for your business. You should choose a City for your business. If you want an investment for the house and lot you must choose a particular area which is the subject of ongoing developments like Lapu Lapu City or North area or to be safe seek the assistance of a License Real Estate Broker for proper guidance. The Broker can give you proper projection of the area whether it has a plat rate price or past-accumulating price. Safety and Security reason. You should consider buying a house with 24 hours security services and try to trace up the history of the place in terms of recorded violence related cases. Most especially if you are buying five million worth house. You must treasure your life as much as possible. . Know your Broker. The first thing to consider in engaging the assistance of a Broker is the background of the Broker you want to hire. Is he a trusted one and well equipped with the knowledge and training to guide you properly in the process and can help you for the documentations. Plus factor of a Broker is the knowledge of the law like if he is a graduate of Bachelor of Laws. Know the mission of your Broker. If he has a mission to let young-adults know that it is advisable for them to get a house and lot while they are young to avail a long term loan in the Bank or Pag-ibig Fund to have lower monthly amortization than during their old age where monthly amortization is high because they are restricted by their age to a long term loan contract. Mostly, the regret of adults today. By this reason, they rented the house until death; That the monthly Amortization is synonymous to a rental but ultimately you will own the house plus Life insurance. If the borrower die everything goes to the legal heirs no more obligation as if fully paid the insurer will pay the balance or unpaid loan; Know the objective of your Broker. If he Broker has the objective to establish good ideas and promote ethical practice of the Real Estate profession; To protect the rights of the buyer and seller; To protect the buyer from unscrupulous conduct and malpractice of the seller; To encourage the Filipino people to have their own house rather than becoming a strangers in the night. Be open to compromise. Once you have seen what is available in the market, consider your options. If location is the most important factor for you but the house you want is beyond your budget, consider getting a different unit or model in the same community. Inner units, for example, tend to be cheaper than corner or end units. If your budget is only for a smaller house, find a house that can easily be expanded to suit your growing family's needs as this will make your renovation hassle-free in the future.