Tuesday, August 16, 2011

Paris Hilton Invest In Real Property Business In The Philippines

Who would have thought that a very popular celebrity and hotel heiress Paris Hilton would think of visiting the Philippines and would actually invest in a real estate property business here. She virtually have the access to all the best country, first world country in the world, but she chooses the Philippines.

This has got something to say about the country then. That even the likes of her see a great potential in business and investment here. We should take the queue from her from now on and believe that our country is going somewhere, somewhere really good.

She just shot her advertisement for the property she bought and will make one of the Hollywood celebrities most visited resort and beach club in the world, Azure resorts, Paris Hilton Beach Club!


Monday, August 16, 2010

Strategically Buying A Property Away From Flood Prone Areas

After typhoon Ondoy hit most part of Metro Manila which used to be not prone to floods. I was thankful for having a property located away from them and now is thinking very well to buy a new place that is away from flood prone areas too.

Not every home in this country have flood insurance, who would have thought of such a flood to come here anyway! It was a traumatic and devastating experience I sure don't want to encounter ever.

Seeing what the victims of the typhoon went through, the lost properties, memories and everything they have all wiped out by a very destructive flood.

If it was not for the less civilized neighbors we have I will not think of moving out. There are a lot of nice improvements in the nearby areas, big shopping mall giants are putting up their malls in here. New residential villages are sprouting like mushrooms.

I went to inspect on some but I didn't like the noise and air pollution, its too much!

Does anyone know where is the best place to buy a property here in Metro Manila, away from the flood and earthquake prone areas and are less congested and polluted like the rest? I also prefer not passing through any toll gate because that's an unnecessary expense I don't want to incur.

Your help will be greatly appreciated.


Saturday, April 3, 2010

Smart Real Estate Investing

I discovered a new kind of real estate investment, a kind of investment that isn't costly and less risky. Its called fractional ownership where you only pay a fraction of the property you want to invest on and enjoy the same benefits like investing in full.

This can also be called as time-share investing and is very practical for those who want to have their own beachfront vacation homes that they can use when they feel like taking a break from the hustle and bustle of their daily grind.

With fractional ownership you get to use a vacation home at a beachfront five weeks a year and you just have to schedule your use with your co-owners.

I think this is really good because nobody can use five weeks straight on a vacation unless you divide your vacation five times a year and one week each time you spent vacationing on your own beachfront vacation homes. Of if you don't plan to use up all your five weeks you can have someone use that time you have for rent with people you know, in that way you get your money back too.


Monday, March 8, 2010

Are Your Ready To Get Your First Time Home Loan

Your landlord is ridiculously asking for an increase in rent every year but your family income stays the same.  You are trying to weigh your options, is it time to get your own home or continue renting.   There are several things to consider first and the most crucial question is : are you ready to render your first time home loan?

Companies, private or government owned have a lot of favorable packages for those who want to avail of first time home loans.  With the recession affecting all economies there are so many foreclosed properties that were sequestered by these companies that they want to dispose off and they are willing to give the property through home loans and lenders specially the first timers.

Now is the time to do your research about the steps you have to do to buying your own home.

  1. Figure out how much you can afford
  2. Know your rights
  3. Shop for a loan, especially those that are tailored to first time home loans and lenders
  4. Learn about homebuying programs
  5. Shop for a home
  6. Make an offer
  7. Get a home inspection
  8. Shop for homeowners insurance
  9. Sign papers


Sunday, February 28, 2010

Pag-IBIG Fund Expands Mandatory Coverage

Under the universal membership coverage which takes effect beginning January 2010, the following are mandatorily covered by the Fund: all employees who are compulsorily covered by the SSS; all employees who are subject to mandatory coverage by the GSIS; uniformed members of the Armed Forces of the Philippines, the Bureau of Fire Protection, the Bureau of Jail Management and Penology, and the Philippine National Police, Overseas Filipino Workers, and Filipinos employed by foreign-based employers, whether deployed in the country or abroad.

With this expanded coverage OFWs can enjoy the various benefits of being a member which include:

Savings. Members’ contributions are credited to their savings or the total accumulated value that earn dividends and fully guaranteed by the national government. In 2009,
Pag-IBIG declared tax-free dividends amounting to P8.5 billion with a dividend rate of 5%.

Short Term Loans. OFW-members can also avail of short-term loans that will help address their immediate financial needs such as payment for tuition fees, hospital bills, appliance purchases, minor home repairs, and even for small business capital.

Housing Loan. A member of good standing is eligible to avail of a home financing loan that has an interest rate of as low as 6% to 11.5% payable in 30 years. The maximum loan amount is P3 million. The loan can be used for the purchase of a fully developed lot within a residential area not exceeding 1,000 sq.m., purchase of a residential house and lot, townhouse or condominium unit, construction or completion of a residential unit on a lot owned by the member, home improvement and refinancing of an existing loan.

More about this story here: http://www.pagibigfund.gov.ph/nr_feb2010b.htm


Friday, February 19, 2010

How To Be A Broker?

Here's what Brokers do:

  1. Brokers talk about what government is doing right -- the homebuyer tax credit tops the list -- and where it should mess out (could the Home Valuation Code of Conduct be the most reviled government policy of the 21st Century?). Many brokers would like the government to implement tougher licensing requirements that would raise the bar for entry to new agents.
  2. Brokers reveal their concerns about the disparities in rules and standards at the multiple listing services and Realtor associations they belong to -- and also say they couldn’t function without them. Brokers want their Realtor associations and MLSs to get tougher on rule breakers, help them straighten out agency representation issues like dual agency, and consolidate into larger regional, state or national organizations.
  3. Brokers say first-time homebuyers not only account for the largest share of home sales in many markets, but represent the fastest-growing segment of home sales in many of those markets. Second homes and move-up homes, on the other hand, are the most rapidly shrinking segment of their business.
  4. Brokers say they may be cutting down on expenses like office staff and marketing and advertising, but many are loathe to do the same when it comes to technology, agent recruitment and training -- areas in which many have actually boosted spending. Brokers generally aren’t pushing for better commission splits with agents or the fees they charge for providing services, either.
  5. Brokers said having experienced, trained agents is a bigger competitive advantage than the size of a company or its brand. Serving a niche market or creating an area of specialization was also seen as less important than staying abreast of technology and conducting online marketing.
Now are you ready to be a broker?


Hope For Forclousres

The percentage of loans in the foreclosure process ticked up to a new record high in the final three months of 2009, and could continue to climb depending on the fate of a record number of borrowers who are "seriously delinquent," or behind on their payments by 90 days or more, the Mortgage Bankers Association said today.
However, the percentage of mortgages 30 days past due eased from the third quarter to the fourth, a concrete sign of a "beginning of the end" of an unprecedented wave of mortgage delinquencies that began in early 2007, MBA Chief Economist Jay Brinkmann said.
While the improvement in short-term delinquencies was good news, loans 90 days or more past due now account for half of all delinquencies -- the highest share in the history of the survey, Brinkmann said. A "sizable number" of those loans are in loan modification programs, he said.  more...

Everything you read here is based on my personal opinion and not influenced by anyone. I am the author as well as the editor, so excuse some grammatical errors. This also serves as a warning for those who want to copy paste my stuff on yours, unless you wanna copy same errors, a little recognition that you got it from me will be fine.
I do not claim expertise in ANY field, what you read here are my friendly advice, based on personal experience and are purely suggestions and recommendations only. For your professional or personal satisfaction, I highly recommend that you verify everything first before taking my word. Thank you!

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