It is most people’s dream to have a house of their own as it gives them the feeling of contentment, satisfaction, and fulfillment.
In fact, owning a home can be the biggest and the best investment a person can ever make, so he has to manage that investment really well. Another good thing about owning a home is that its value appreciates, which means that if you decide to sell it, its price will be much higher than your purchase price.
In the Philippines, there are many great properties that may suit your needs. If you plan to buy one, here are some tips that can really help:
- Look for Properties Based on Your Criteria
When you are looking for a home, a lot of considerations come into your mind, These are the things that help you create an image of a perfect home. These may include your ideal size, desired design, and a suitable location.
Good thing that looking for your desired properties these days is made easy, as you can just check out real estate websites. This is even easier if you already have a developer in mind. After seeing some properties on the Internet, you can then arrange for an ocular inspection to find out which one really suits your taste.
- Contact the Property Broker
Normally, developers have a roster of licensed brokers to sell the properties on their behalf. These brokers can help you make the buying process fast and easy as they are very familiar with the processes, fees, and charges involved. Moreover, with or without a broker, the contract price will be the same, so you might as well buy a home through a broker.
- Ask for a Sample Computation, Then Pay the Reservation Fee
If you are comfortable with the computation, you can then pay the reservation fee. Just make sure that the computation reflects accurate information which should include the total contract price, down payment, [less] reservation, net down payment, monthly deposit, loanable amount, and other necessary things. There should also be a breakdown of monthly amortization, depending on the total tenure of the housing loan.
- Complete the Requirements
You will be asked to submit specific requirements which you need to complete before the property will be handed over to you.
These requirements will depend on your chosen payment scheme which may include an accomplished home loan application form, a photocopy of government-issued IDs, a community tax certificate, a TIN (tax identification number), a recent ITR (income tax return), a certificate of employment, and latest three months pay slips.
You also have to comply with eligibility requirements which differ from one financial institution to another. For instance, you must be 25 years old upon loan application and must not be more than 65 years old upon loan maturity.
Obviously, buying a property can be a lengthy process, but with prudence and the help of the right people, though, it can be made easier.
Here in the City of Golden Friendship, you can surely find excellent Cagayan de Oro Properties which may suit your taste and your budget. For instance, if you want to build your home in a high – end subdivision where you can experience life at its best, you can check out Xavier Estates! Aside from being situated on a panoramic plateau, Xavier Estates boasts of its Sports and Country Club which is known as Mindanao’s most modern and biggest convention, sports and country club facility. It is owned and developed by A Brown Company.
For more details, visit their website at http://www.abrown.ph/real-estate/.