Wanted : Ready For Occupancy House and Condo Units

Looking for RFO or Ready For Occupancy houses in and outside Metro Manila Philippines? No need to worry as there are many RFO houses and condos  in the list of property developers that are selling nowadays. Unlike houses which are for rent or lease wherein you are required to pay 2 months advance and 1 month deposit before moving-in, in RFOs you only need to pay the down payment in full so you can move-in right away and the property will be yours in the event that you are able to fully pay the total price.

The usual percentage of down payment ranges from  10% - 30% of the Total Contract Price of the property. Example, if the RFO house you prefer has a contract price of P1M, all you need to cash out for now in order for you to move-in is 100K-300K, then the balance is either you can have it financed by Bank, Pagibig or thru the Property developer which we call in-house financing. As days go by while already occupying the house, you are eventually paying the loan balance in installment that is monthly amortization spread in 5, 10, 20 months maximum of 30 years whichever you prefer  and upon completion of payment for the full contract price the property is yours to keep .

Now if your savings are not enough to cover the down payment and you worry about where you gonna get the cash to pay for the DP in full, well then there are available solutions to this.  There are financing support and options which you can avail of depending on your current needs:

1. Need to Move-in ASAP - you may look for a family member, a relative or a friend if you know one who can lend you out ready cash to pay the DP or you can opt for company salary loan or possibly you can avail a loan from lending individuals or companies.

2.Can wait for Few Months before Move-in -  If you can still stay put for awhile like 3 or 6 more months then you may choose to pay the DP in 3-6 equal monthly installments depends if your monthly income can cover the amount. To handle this, it is safer to plan ahead your obligations by knowing first the required net disposable income per month thus, dividing the monthly downpayment by 40%. Example,  if the contract price of the house is P1M and the required DP is 10% which is 100K, then if you choose to have it spread in lets say 6 months.. you will need to pay 16,700 pesos monthly for the DP. Now divide this by 40% you will get 41,667 which is the monthly net income you need to have in order for you to pay off this DP.

Please note that ideally, the 40% is the portion of your monthly take home pay which you can allot  for availing a housing loan while the 60% is allotted for your monthly personal expenses and this really depends on your spending habit.

Suggestions & TIPS:

• You may take a look on one of my blog posts here - Budget Control in Planning to Buy a House
•  In my opinion, it is practical to purchase RFO house or in a rent to own terms rather than paying a monthly rent of 5K, 10K or 15K which goes right straight to your landlord's pocket and making big bucks out of your earnings.

Listed below are RFO house and lot / condominiums which are located in and outside metro manila as of current date:

1. TOWNHOUSES/HOUSE AND LOT IN METRO MANILA

STATELAND INC.
- North Olympus IV (Zabarte, Quezon City) 

TRANS-PHIL BUILDERS CORP.
-Agoncillo Townhomes I (Manila) - RFO  ( 1 unit left)
-Agoncillo Townhomes II (Manila) - RFO by November 2012

GRAND MONACO
- Homes 2 (Kingspoint, Quezon City) - RFO

HOMEBEST
- Terrazen Place (Don Antonio, QC) - RFO
- Scout Ojeda (Quezon City) - RFO

FIANCHETTO
- Cecil Homes (Mandaluyong) RFO
- Fianchetto Vineyard (Proj. 8, Quezon City)

-Maple Wood Estate (Quezon City) - RFO
- Pasig Millennium Garden - RFO

AJ MARK REALTY
- Grand Walnut Grove- RFO
(Llano, Caloocan City)

2. CONDOMINIUMS IN METRO MANILA

FILINVEST LAND
(Mid-Rise)
- Capri Oasis (Pasig) - RFO
- One Oasis (Pasig) - RFO
- Sorrento Oasis (Pasig) - RFO
- Bali Oasis (Marikina) - RFO
- Maui Oasis (Manila) - RFO

P.A. METRO RESIDENCE BUILDERS INC.
- East Residences Ortigas (Pasig) - RFO
- One Metropolitan Place (Pasay) - RFO
- The North Grove (Quezon City) - RFO

ETON
- Eton Emerald Loft (Pasig) - RFO
- The Manors  (Quezon City) - RFO
- The Eton Residences Greenbelt (Makati) - RFO
- Eton Parkview Greenbelt (Makati) - RFO

ALVEO LAND
- The Columns - Ayala, Makati

MADRIGAL-BAYOT CORP.
- The Address at Wack-Wack - Shaw, Mandaluyong (RFO on December 2012)

KALAW LEDESMA GRP. OF COMPANIES
- Bonifacio Residences (Mandaluyong) - RFO
- KL Malvar Residences (Pasig) - RFO

AGS & PARTNERS
- Sunshine 100 City Plaza (Mandaluyong) - RFO on December 2012 /

PTR PROPERTIES INC.
- One Capitol (Pasig) - RFO
- Two Seven Residences (Pasig) - RFO

ROBINSONS LAND
- Vimana Verde Residences (Ortigas, Pasig)
- Sonata Private Residences (Ortigas, Pasig)
- East of Galleria (Ortigas, Pasig) - RFO
- The Fort Residences (Fort, Taguig) - RFO
- Mckinley Park Residences (Fort, Taguig) - RFO
- Fifth Avenue Place (Fort, Taguig) - RFO
- Gateway Garden Heights (Mandaluyong) - RFO
- Gateway Regency (Pioneer, Mandaluyong) - RFO
- Escalades 20th (Cubao, Quezon City) -  RFO

VISTA LAND
- Mosaic (Makati) - RFO
- Trevi Tower (Makati) - RFO
- Salcedo Square (Makati) - RFO
- Pine Crest (New Manila, Quezon City) - RFO

LANDCO PACIFIC CORPORATION
- Tribeca Private Residences (Paranaque) - RFO

PRINCE JUN DEV. CORP.
- University Tower 2 Galicia (Manila) - RFO
- University Tower 3 Malate (Manila) - RFO

FINBAR REALTY & DEV. CORP.
- Fini Homes (Valenzuela) - RFO
- East Wind Residences (Quezon Ave. QC) RFO

3. TOWNHOUSES/HOUSE AND LOT IN CAVITE

ADDAS
- Villa Felicia (Bacoor, Cavite) - RFO
- Montera Villas (Bacoor, Cavite) RFO

DURAVILLE
- Wellington (Gen.Trias,Cavite) RFO (Eliza, Clarice, Francesca Model Units)

4. TOWNHOUSES/HOUSE AND LOT IN LAGUNA

CATHAY LAND
- South Forbes  (Sta. Rosa, Laguna)

NORTHPINE
- South Hampton (Sta. Rosa, Laguna)

DDC LAND
- Sta. Rosa Garden Villas (Sta. Rosa, Laguna)

5. TOWNHOUSES/HOUSE AND LOT IN BULACAN

AJ MARK REALTY
- Grand Cypress - RFO
(Tungko, San Jose del Monte City)

NEW APEC
- Marilao Grand Villas (Loma de Gato)

DOLMAR
- Golden Hills (San Vicente. Sta Maria)

BORLAND
- Villa Muzon Classique : (Brgy. San Vicente Sta. Maria ) - RFO

6. TOWNHOUSES/HOUSE AND LOT IN RIZAL

BRITTANY
- Antipolo Brittany - RFO

DURAVILLE
- Queenstown Heights (Antipolo) -  RFO

 You may Call me to assist You on this RFO: