Cebu Resell, Assume and Pre-selling Condos/ House and Lot

13/10/2024

As the third quarter of 2024 unfolds, the Philippine real estate market continues its upward trajectory, with property prices steadily increasing across the country. According to data from the Bangko Sentral ng Pilipinas (BSP), this trend highlights a strong opportunity for those looking to invest, especially in residential properties in urban centers like Metro Manila, Cebu, and Davao.✨🏡

A key factor driving the surge in prices is the growing demand from Overseas Filipino Workers (OFWs) and foreign investors. Additionally, with the economy recovering and businesses regaining momentum, many individuals are turning to real estate as a secure, appreciating asset in uncertain times.

This rise in property values signals a strategic moment for potential buyers to secure both financial stability and peace of mind through real estate investment.

Check out this short but good-read article (link in comment section) by Manila Bulletin, on why 2024 is shaping up to be a great year for the market. Let’s stay ahead of the game! 🏡

01/03/2024

03/01/2024

📣To all BUYERS & INVESTORS:

DID YOU KNOW?

⚠️IF you are buying an agricultural land converted and subdivided for residential land, you will be required for a copy of subdivision plan, licenses & a mapped out copy of the residential drainage system before you can apply for water, electricity and other utilities?

That's why it is highly discouraged to buy/sell "Yuta-data-data" most specially if with no LICENSE TO SELL from HLURB. But if you insist because it's the cheapest, BUY AT YOUR OWN RISK PLUS MULTIPLE ADD-ON EXPENSES and PENALTIES FOR THE PERSON SELLING (Ingnorance of the Law, excuses no one)

✅ LICENSE TO SELL (LTS).
Always look for HLURB License to SELL to make sure you have a LEGIT investment.

✅Check the LAND TITLE.
The land title contains the total land area of the land you are trying to purchase.

✅CERTIFICATE OF RE-CLASSIFICATION.
The subdivided lot should have the certificate of reclassification from agricultural land to residential land from LGU. You need to check for this inorder to make sure that you will be able to install utilities and apply for them from the providers of the city/municipality.

✅ SUBDIVISION MASTERPLAN.
You need to check on subdivision plans. Which includes plans for the drainage systems, access roads and road right of way.

⚠️Please keep in mind that there are developers that sells LOT ONLY projects. And some have installment mode of payment. As long as you have all documents present most specially the HLURB License to SELL #, your investment is pretty much in good shape.

16/10/2023

By updating Cebu City’s RPT Code, the City targets to raise P10 to P15 billion in revenue.

03/10/2023

22/09/2023

GOOD TO KNOW - KNOWLEDGE 101‼️

🔸️LAND TITLE VS TAX DECLARATION 🔸️

The Difference between the Certificate of Title versus Tax Declaration in the Philippines

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CERTIFICATE OF TITLE
1. A document evidencing a right of ownership to a property
2. A document that attest to the fact that the person named is the owner of the property described therein subject to liens and encumbrances noted on it
3. It is registered with the Register of Deeds of the province or city where the land is located
4.The Certificate of Title is indefeasible and imprescriptible
5. All claims to the land are quieted upon issuance of this document
6. Recorded with the Register of Deeds of the municipality, city, or province where the land is located.

🔻🔻🔻🔻🔻🔻🔻🔻
TAX DECLARATION
1. A document that show good sign of possession only in the concept of owner, not ownership
2. Not conclusive evidence of ownership to property, but only a proof of payment of realty taxes
3. Recorded with the Assessor’s Office of every municipality or city where the land is located

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Ang pagmamay-ari ng lupa ay napapatunayan sa pamamagitan na hawak na titulo na kung tawagin ay ang Transfer Certificate of Title (TCT) o Condominium Certificate of Title (CCT). Ayon sa maraming Supreme Court decisions “the best proof of ownership of a piece of land is the Certificate of Title” (Halili vs. Court of Industrial Relations, 257 SCRA 174 [1996]). Ito ang tinatawag na titulo ng lupa at wala nang iba pa.

Ang "tax declaration ay hindi titulo ng lupa. Maraming Supreme Court decision din ang nagsasabi na "Tax declarations and receipts are not conclusive evidence of ownership. At most, they constitute mere prima facie proof of ownership of the property for which taxes have been paid. In the absence of actual, public and adverse possession, the declaration of the land for tax purposes does not prove ownership." Ibig sabihin nito na ang tax declaration ay hindi siguradong ebidensiya ng pagmamay-ari ng lupa. While tax declarations and receipts are not conclusive evidence of ownership and do not prove title to the land.
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Ang tax declaration ay pwedeng i-apply para maging titulo. May dalawang pamamaraan ng pagpaparehistro ng lupa, ito ay ang sumusunod:

1. Judicial Proceeding – kung saan kinakailangan ninyong magfile ng petisyon para sa registration sa korte.

2. Administrative Proceeding –ito ay pamamaraan kung saan mag-file ng application para sa “Homestead Patent” sa DENR at ang registration ng patent na ito ang magiging batayan para sa pag-isyu ng Original Certificate of Title alinsunod sa Commonwealth Act 141 o ang “THE PUBLIC LAND ACT”.

23/08/2023

01/08/2023

Rush and Sacrifice Sale!

Tower 2,6th floor studio at 26sqm for only 1.8m only.
Taxes and transfer sa buyer na.

24/05/2023

Eyes Here! 👀

The BEST RFO Promo in town!💪💪💪

👌Self-liquudating investment
👌No more renting, start.owning
👌Minimal cash exposure

10/90 BANK FIN
2% DP in 2 months
8% Conditional Discount on TLP

💚Highest Discount of 8%
As much as 448k (2br)

💚Lowest DP of only 2%
128k (2br) monthly
Payable in 2 mos

💚Earliest Move-in
After 2 months
(2nd DP +LOG)

Reserve your unit for only 20k.
Hurry few units left.

*Applicable to City di Mare projects (Amalfi & Sanremo Oasis only)
**Promo ends May 31, 2023

For site tripping please do message me.

Maria Navarete
Filinvest Cebu
Sales Manager
09173696796
[email protected]