Housal Inc.

Foreclosed properties have real potential to earn, but you also stand to lose money if you are not careful with your purchase. A foreclosure property can be any piece of land or an actual property that has been seized by the bank or the lender as a result of missed mortgage payments or voluntary foreclosure due to some unforeseen circumstances. Many see foreclosed properties as excellent investments as they are essentially properties that you can buy at bargain prices. However, there are certain things you should know when considering buying a foreclosed apartment for your next real estate move. Here are some things to keep in mind when looking at foreclosed properties in Manila: 1. Cost of repair may get you. Rarely will you find a foreclosed property that is up to your exact specifications. Because these properties are pre-owned, they most probably have gone through some degrees of wear. Some may be in less than favorable shape and the money you stand to save on the purcha...

Real estate in the Philippines has been experiencing great upturn in recent years. In fact, many surveys reveal that Manila is among Asia’s top real estate markets, as evidenced by the growth of different kinds of real estate developments across its metropolitan areas. Condominiums in the Philippines used to be exclusive to the extremely affluent, but the recent boom in real estate investments makes these lifestyle pads more accessible to investors on a budget. With more reasonable terms, smaller down payments, and greater choices of properties to choose from, condos for sale are definitely an attractive investment to consider. If you are still unsure about your investment decision, here are signs that you are ready for a condo for sale in BGC : You have the right resources – A condominium, like any property, is a huge and long-term financial commitment. If you have a reliable income source and you know you can afford the monthly cut along with the additional expenses that typic...

Buying property in the Philippines is much like everywhere else in the world. Just the same, it pays knowing your legal rights as a real estate buyer so you can be protected against unscrupulous characters that seek to take advantage of unwitting investors. The country has many laws in place to ensure proper guidance in dealing with properties for sale in Cebu and elsewhere in the Philippines. Below are things you should know about property ownership in the country and some related laws that you should familiarize yourself with when it comes to property sale and ownership: • Foreigners cannot legally own land anywhere in the Philippines, but they can own apartments or condominium units in high-rise buildings, so long as foreign proportions don’t exceed 40%. Buying a house is also allowed, but a foreigner cannot own the land on which the house is built. • Buying land can be a tedious and cumbersome process, but there are several laws that ensure your protection as a foreign o...

The Philippines has always been a fascinating destination for many tourists and holidaymakers turned expatriates who enjoy not only the country’s tropical climate, beautiful nature, and friendly people, but its relatively low cost of living. In fact, the country is home to an ever growing community of expats from all over the world, most of whom are retirees. While foreigners are generally prohibited from buying and owning land in the country, they are allowed a legal residence, meaning you can buy a house for sale in any city, but not the land it stands on. The simplest way to acquire land is to have a Filipino spouse or relative purchase the property in their name. When deciding to own a residence in Makati or any other major city in the country, you have several options like: A condominium unit – Perhaps the easiest property option for a foreigner, a condo unit fits right into the allowable legal residence type as you get to own the structure but not the land beneath. The Ph...

Landing a great rental is all about knowing exactly what you want in a place that you’ll be living in for a period of time. Apartment hunting can be an exciting time if you stay focused and organized in the process. Eliminating the bad and not-quite-right options from the beginning of your search will leave you with good choices to sift through and compare. Below are some useful tips to remember when searching for good apartments for rent in Manila: • Narrow your search by focusing on areas or neighborhoods that are the right fit for your lifestyle. Every city in Metro Manila has its own charm, and each is composed of neighborhoods that are good for growing families, students seeking independence, young professionals, and even expats and long-stay tourists. Whichever category you may fall under, each city will definitely provide you with good apartment options in the right neighborhood. • Establish important points of comparison. Set specific criteria based on your priorities...

Real estate isn’t a perfect industry and many people dish out all kinds of opinions about real estate agents, brokerage firms, and the industry in general. It is precisely these opinions that lead to many myths and misconceptions about real estate professionals, making people doubt the value of their work and criticizing their profession. Many of these opinions, however, should be taken with a grain of salt and taking care to distinguish between opinionated judgment and fact will help you gain a better perception of the industry and the people in it. Whether you are thinking of buying or selling a property and considering the aid of a real estate brokerage firm, the following will help you know the truth about myths and misconceptions surrounding real estate agents and companies in the Philippines: • You will find all you need online—you don’t need a real estate agent. The age of technology has given birth to many self-taught experts in different fields. While it is true that it ...

Buying an apartment in Metro Manila can be a reliable, lucrative passive stream of income that can help you build upon your wealth and set you up for early retirement. This said, it is important to know things you should avoid while correcting misconceptions when it comes to buying an apartment building. One of the first things you should remember is that the outcome of your apartment investment will largely depend on the kind of time and the amount of money that you are willing to dedicate to buying the multifamily property. Here are common misconceptions and mistakes you want to avoid when looking at apartments for sale in Metro Manila: Buying solely on the basis of future appreciation – While a good appreciation rate can be an attractive characteristic, you should never buy an apartment building based solely on future appreciation. Instead, make your purchase decision by looking intently on the property’s current cash flow. Investing blindly – Before deciding to buy any ...

Key housing players in the Philippines target large cities in Metro Manila for their world-class developments and Quezon City is no exception. In fact, the city is one of the main areas that has seen great growth in terms of realestate market and modern condominium establishments , which are now very common sights in what was once a subdivision and town home-dense location. With more people choosing condo living, it is not surprising why condo rentals are on the rise (literally and figuratively) across the city and the entire metro. If you are among those who want to get in on the condos for rent action in Quezon City, here are some things you should know: Pricing – When deciding to rent a condo, make sure that you have sorted out your budget and financial situation before agreeing to any contract. Consider the pros and cons of a short term or a long-term lease and filter your search to properties that are within your capacity. Condo rental isn’t cheap, so make sure you know you...

Before the condominium boom, the local real estate market in Manila mainly comprised of apartments and townhouses. This was largely influenced by the steady population growth that the country experienced over the last few decades. Even today, this type of housing is still considered the most convenient option for families, especially those who are just starting out. The demand is still high for townhomes in the city, as evidenced by a wide selection of modern properties and contemporary developments populating major home listings. If you are interested in buying a townhome in Manila, below are some things you should know about city townhouses: Townhomes are great because they offer the benefits of both a condominium unit and a single detached house. Like detached homes, you get to purchase the land on which the property stands, but don’t necessarily have to spend too much on miscellaneous dues, since very little common area is shared with other owners (unlike condo units). Townh...

Vacant land is a largely overlooked and widely misunderstood real estate investment. Most people don’t understand the value and potential of buying and selling land. In fact, too many people see them as weak and pointless investments that don’t really produce income and simply sit there without earning anything. This, however, is an unfortunate misconception that must be reversed. Vacant lots can be major sources of serious cash flow because of their versatility and “hands-off” nature. The fact that lands just sit there make such kinds of investments great, because they are simple and stable. Bought at the right price and the right time, raw land can be an extremely lucrative investment for any Pinoy who wants to cash in on real estate in Metro Manila . Here are 3 more reasons why a lot for sale is a smart investment: • Buying a vacant land saves you the trouble of construction, renovation, upkeep, and all other responsibilities of an actual building or establishment. You don’t h...