A word of advice in real estate dealings

When you engage the services of a real estate agent, salesman or broker, ask for his/her real estate license. The Brokerage Law (Act # 2728) and its implementing rule (DTI MO # 39, SERIES OF 1985) regulates the realty service practice in the Philippines. The Law and the rules mandate the licensing of every person who performs the following acts and practices involving real properties: Offering of the Sales, Advertising, Listing, Promoting, Mediating, Negotiating, and Effecting the meeting of minds for the sale, purchases, exchange, mortgage, lease or joint venture or other transactions in real estate and any interest therein.

The Department of Trade & Industry is the governing body that issues the real estate license. BP# 220 and PD 957 also require the registration of real Estate Brokers & Salesmen at the Housing and Land Use Regulatory Board (HLURB).

Yours truely, Michael Abonitalla is registered with the Housing and Land Use Regulatory Board / HLURB and duly licensed by the Department of Trade and Industry in Cagayan de Oro City, Philippines with License no. RES-20080-06-01520 under RPM Realty.

DEAL ONLY WITH LICENSED REAL ESTATE PRACTITIONERS.

Requirements in buying a house

If you are wondering about the requirement and how to go about in buying a house here are the general checklist of requirements in buying a house and lot thru Pag-ibig and In-house financing from the developer of the community. For more details about your requirements, you can contact me.

For Pag-ibig Financing:

A. Private/Government Employee
[ ] Latest 24 months HDMF Premium
[ ] Certificate of Net Take Home Pay
[ ] Certificate of MPL repayments (if applicable)
[ ] Payslip/Payroll Voucher (lates 1 month)
[ ] Lates ITR/W2

B. Overseas Contract Workers
[ ] Latest Job Contract (original or if photocopy must be certified from employer)
[ ] Health Statement/Medical Health Result (original or certified photocopy)
[ ] Special Power of Attorney (SPA) (Notarized from the Philippine Embassy/Consul)
[ ] Passport (photocopy)

C. Self-Employed
[ ] Latest 2 years original copy of ITR w/ audited Financial Statement
[ ] Business Permit (photocopy)

For In-House Financing

Based on buyers income (please see above requirements if applicable)
Note: To issue Post Dated Checks of the following:
- Post-Dated checks for PF/Equity amortization
- Post-Dated checks for In-house amortization

Other Documents:

[ ] Latest Residence Certificate (photocopy)
[ ] Birth Certificate (photocopy)
[ ] Marriage Contract if applicable (photocopy)
[ ] Death Certificate if applicable (photocopy)
[ ] Court Order (if legally separated)
[ ] Tax Identification Number - TIN Card (photocopy)
[ ] 2 pcs. 1×1 I.D. Picture with signature at the back (if applicable)
[ ] 2 pcs. Valid ID’s if applicable (photocopy)
[ ] Proof of Billing if applicable (photocopy)

Aspen House at La Mirande

Aspen house is a model house at La Mirande in Gran Europa. It is the first class model inside the community.

House Features
Floor Area: 200 sqm / 2153 sq.ft
Minimum Lot Area: 225 sq. m./ 2422 sq.ft [Read more]

Housing loan for OFW’s with SSS

The Overseas Filipino workers or OFW’s can take advantage of SSS Direct Housing Loan Facility that aims to provide low-cost housing for your family in the Philippines. If you’re younger than 65 years old, a certified OFW and an active SSS member with at least 12 months continuous contributions, you may be qualified to receive a housing loan from SSS. Loanable amounts for socialized housing is Php 300,000; for low-cost housing you can get a loan from Php 500,000 to Php 1,000,000. All loans can be paid in five years or for a maximum of thirty years, so long as it doesn’t exceed the building’s economic life. Interests rates are 9% for Php 300,000 loans, 13% for Php 500,000 and 14% for Php 1,000,000.

For details and for more information, visit the SSS website or visit the nearest SSS office in your area in the Philippines. In Cagayan de Oro City, it is located at Carmen going to Patag. There are branches also in key cities around the world you can visit too.

Come home to Tuscania

An elegant haven that evokes the beauty of Italy right here in Cagayan de Oro City.

The simple pleasures of life, a smile, a warm candlelit dinner, the joy of conversation flourish in a place called home. [Read more]

Montaña Vista

Affordability with Style

Quality does not compromise, most of all when lifetime investments are at stake. It feels doubly good to be home at Montana Vista because you know you’ve got the best deal on your charming new house. Feel refreshed and inspired in cozy surroundings patterned after the rustic charm of the cool, Italian countryside. [Read more]

Hillsborough Pointe

Robinson’s Hillsborough Pointe is a residential village catering to the mid-income section of the market. Designed to emulate English countryside living, Hillsborough Pointe is located right behind Xavier University. Lots come in cuts of 150 sq.m. and 180 sq.m. A limited number of ridge lots overlooking Calaanan Valley and Macajalar Bay which allow magnificent views at sunset, are available as are selected lots overlook the golf course. [Read more]

Santa Barbara

FEEL GOOD LIVING AT SANTA BARBARA (KAUSWAGAN, CDOC)

Hearing your baby’s first words, a pat on the back from your boss, a big hug from your dear friend, these are but simple things that make you feel good about life, simple joys that make life worth living for. The best things in life need not be expensive. Even the most basic can bring forth happiness and satisfaction. [Read more]

Pueblo de Oro I.T. Ecozone

Within the Pueblo Business Park is the Pueblo de Oro IT Ecozone, the first and so far the only information technology park in Mindanao duly proclaimed and registered with the Philippine Economic Zone Authority (PEZA). It was proclaimed an IT Ecozone by President Gloria Macapagal Arroyo in January of 2005. The Pueblo de Oro I.T. Ecozone is located just beside SM City Mall and is close to several residential villages and other facilities. [Read more]

Gardens of Portico

PORTICO- The art of good living starts with the right choice.

Romantic. Royal. Spanish-style grandeur. Discover life as it should be - Spanish style. Come home to Portico - where passion meets comfort.Bask in the warmth of your casa, stroll on the cobble-stoned rotunda, tree lined avenidas and paseos and majestic floral gardens or just simply unwind at the cool tree park by the Spanish pavilion.   Solace, comfort, a reflection of your zest for life and a dash of Spanish grandeur - all these await in your new home in Portico. [Read more]

Next Page »