11/98: What Are the requirements of getting a loan?

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One of our advantages dealing with our buyers is our ability to get them pre-approved. Since most of them are based outside the country, we have to find the ways on how to tackle each and every account. All accounts has there own unique situation. It is challenging at times, but with the support of our bank partners, we always get an approval.

 

There are a few ways that a loan would be denied, and most of it, is the fault of the borrower.

 

Here are the usual findings.

 

a. The inability of the borrower to respond to our calls – We have always encountered a client who is stalling the process even if we try to follow through with them.

 

b. The passive behavior from our buyers – People usually delay the requirements that would involve their time. The registration of documents which can only be done from the consular services on their country of work.

 

c. Misrepresentation of data submitted – This is also not uncommon. Changes in name and marital status creates a “ “slippery slope” in buying a property. It will only add up to the administrative charges required by the developer if it was updated just before the turnover process.

 

We can prevent these things from happening if they we’re transparent from the start. We assure our clients that all their info will be handled privately.

 

There are a lot of requirements when getting a loan. Call us now, and tell us your plan moving forward. We look towards your best interests in mind.

 

Arah Dayao

For more details or questions, you may directly message us here.

Office No. 956-3284

Mobile Nos. (0915)567-7656

US Line: 001 562 443 8556

FB Live: May 6, 2019 – Monday

 

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Abba Realty

 

Hi Guys! Good Morning USA and the Philippines! Co-agents, brokers, and mga Inquiries… We have a scheduled Facebook Live on Monday featuring Lennie B. PST/ 2-230 am and EST/ 5-530 am sa mga taga New York, Florida and East coast states… Magiging maganda ang morning nyo… And syempre po in the Philippines. Sa mga inquiries namin, shoshoutout ko kayo… para ma kita nyo ang units namin.

Ibabalita ko po ang nangyari sa Saturday and Sunday trips ko… and hopefully, maging part kayo ng services namin for rental units.

Ito po ang magandang balita…

Alam nyo ba na may dormitel kaming hawak sa Makati, for as low as 5500 per room? 

Alam mo ba na may mga units kami as low as 6000 pesos a month?? Sa Quezon City po ito banda. May Swimming pool, basketball court at malapit na SM?

syempre.. bago malaman itong info na ito, log on na sa FB namin on Monday 2 am sa mga taga California and Las Vegas.. 5 am sa mga East cost states… and 5 pm sa Philippines, FB Live on Monday. See you there!!!

Facebook Live: May 3, 2019.

The one and only Arah of Abba.
We are testing our reach through FB live: To send the updates from our investors, and their current issues, we will send it here.. live on our page,  6 PM PST, 9 PM EST, and 7 PM MT for our investors in USA and around the world.
May 3, 2019, Friday 9:00 PH time
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10/98: Pag-IBIG: We educate people on this alternative government financing.

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Okay. The last testimony that I published was from August 26, 2018. Here is the link if you missed it:

Abba 98 Testimony 9/98

It was a hectic schedule during the last quarter of 2018, that I haven’t uploaded some new content on the site.

Since we are coming up with a small group presentation in the near future, I would like to highlight our dedication to create events for different companies.

One of our presentation that we had is from Pag-IBIG. Pag-IBIG is a government financing program that allows Filipino citizens to loan a property for up to 30 years.

We have requested the presence of Mr. Lagronio to present in behalf of Pag-IBIG Financing.

 

 

Comparing the rates today versus the banks, Pag-IBIG is slightly lower than the leading commercial banks. Here is a comparison between the two programs.

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The program also allows for different types of loans. Construction and interior design services can also be loaned through the program.

How do you become a member?

First, you have to sign a set of forms, and submit it together with the minimum requirements.

 

 

Go to the nearest Pag-IBIG Office to submit the MDF form/s together the 2 valid government issued id’s and payment.

Second, you can do monthly payments or if you need to use a home loan, you can also pay the amount spot on. The staggered payments are about  P 200.00 or $ 4.00 a month.

If you have a target property in mind, I would advise that you pay the minimum amount of P4,800.00 or $91.00, spot on.

And there you go. You are ready to own a home.

If you want to check out this presentation, I would advise that you put it on loud or you can use your earphones/ headphones so you can also rewind on some important questions that we’re asked by our audience. Aside from that, Mr. Lagronio, has shared some information for some unique circumstances that may occur prior the approval of the loan.

Here is our video presentation.

These government programs has been an ideal option considering the slight increase in bank interest rates. Right now, we are promoting a new property in Pioneer – Edsa area.

I will let you know all the details about it.. Stay tuned!

For more details or questions, you may directly message us here.

Office No. 956-3284

Mobile Nos. (0915)567-7656

US Line: 001 562 443 8556

 

 

 

 

 

 

How do you furnish a Studio unit to a 1 bedroom layout?

One of our new units for lease, is ready for our long staying tenants. Ready by March 1, this cozy 1 bedroom unit is fitted with an all-white minimalist theme.

It opens up to a customized sliding door..

and to the left side is the toilet and bath..

The Toilet and Bath, was created with planks to hold the small things ( Shampoo, Conditioner, Gel, personal stuff, etc. ).

 

A cabinet is also present to provide for the cleaning items, towels, and various materials for cooking?

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A cute Kitchen and sink was furnished by the owner..

 

Before moving towards the sliding door, there is a table that can function in 3 ways.

  1. Study Table ( For students )
  2. Working Table ( For Professionals )
  3. Table for their tv or laptop.

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Inside the room, is a space suitable for a double bed. An enclosed cabinet is also constructed to provide for the clothing and wardrobe of the first homeowners this coming March.

Here is a walkthrough of the unit, included are the rental rates and property details:

 

https://www.youtube.com/watch?v=Z11NoZR-BVI

 

 

Property Details:

 

1 Bedroom

Aria A Building

25.56 sqm

Fully Furnished

Monthly Rental – P25,000.00 per month

 

Inclusive Assoc Dues

 

Payment terms:

 

1 month advance

2 months security deposit

11 post dated checks

 

 

We are expanding our areas in Bicutan to accommodate tenants looking for a more affordable space in Bicutan- Paranaque area or near Makati City.

 

For inquiries.

Office No. 956-3284

Mobile Nos. (0915)567-7656

US Line: 001 562 443 8556

 

 

 

 

 

 

 

 

 

To furnish or not to furnish?

Our culture of making our clients happy, has allowed the addition of services that is not included in my job description. In the long run, this business is created to forge meaningful business relationships. Property acquisition is one of the biggest decisions in the life of our clients. They rely on us for advice.

 

Leasing their units involves one of the biggest questions as a landlord….. the question is…

To furnish or not to furnish?

Majority of our clients are investors. This just means that they bought the property, thinking that it would appreciate in value or will be profitable on their end. Rentals make it a passive investment. But sometimes, they are in a dilemma whether they would furnish the unit or not.

What is a furnished unit?

A furnished unit usually has a aircon, shower heater , bed, refrigerator, dining table, washing machine, induction and rangehood. These furnitures and equipments are the standard inclusions of a furnished unit. Adding some more furnitures to complement your prospective renter would give more value to the unit. But the next question is:

at what cost?

 

Cost vs. Profit

Since we try to provide our clients the best value for their money, we make sure that cost is minimized in ratio to the profit. We make sure that our investors get a healthy return on their investment. That’s why, before we rent out the unit, we give them a projection of their cost versus the revenues that they would receive.

Here is a comparison from one of our units in Makati.

In this photo, an unfurnished unit, rents out at P 18,000.00 / month.

In this one, is a furnished 1 bedroom unit. It rents out

at P 25,000.00 to P30,000.00 / month.

Here is the list of expenses for each furniture/ equipment.

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All in all, the cost to furnish this unit is P159,000.00. For this price, a ballpark figure of 25 to 40% was added from the cost of rent compared to the unfurnished unit. It might be a small sum versus the cost to furnish it, but from our experience, the furnished unit rents out earlier than the unfurnished ones and haggling is minimized.

Here is an actual comparison of the rental income of a unfurnished versus the furnished unit.

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So what is our conclusion?

The example that we presented is a part of a small sample size. A property located in Makati, and with the philosophy of getting furnitures that are practical. Notice the increase of rental income to 30% when we furnished the unit. In 2 years, our landlord will get their gross returns from the cost.

So for us, we think that getting the most affordable resources for equipments and furnitures are very important if you are going to use the unit for rental purposes. In this way, we do not get frustrated if our tenant breaks off some of the things ( which could probably happen ). In my experience, if the unit owner designs the unit and includes their choice of expensive furnitures in the unit, they always have a hard time of letting it go  because…

  1. It’s expensive.
  2. It’s sentimental

We usually advice our clients to detach their emotions if they are going to rent this out. Furnish your unit to your own liking if you are going to stay on it for the long term.

If you are having it rented out, we can give you some more of our best picks, ideal for rental properties.

Arah Dayao

TOP 10 furnitures and equipments furnished for condominium unit owners in Mall of Asia.

Majority of our clients, are also based abroad. Sometimes, they ask us to handle the selection for the furnishings. To round up the year 2018, here are some of the furnitures and equipments that we have added for them before renting their unit.

Refrigerator / Kelvinator – SM appliances / P12,199.00

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Window Type Aircon / LG – SM Appliances / 1 HP – P16,456 / 1.5 HP – P21,955.00

Washing Machine/LG – SM Appliances/P11,290.00

Dining Table/Ansons– Cash and Carry / P12,595.00

Shower Heater/Ecotherm/P6,000.00 (installation included)

Induction/Asahi-SM Appliances/P2,950.00

 

                     Bedframe/Ansons – Cash and Carry / P11,495.00

Bedfoam/Ansons-Cash and Carry / P8,390.00

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Microwave / Samsung-SM Appliances / P3,795.00

 

We do not provide interior services ( since we are not an interior design company ). But, in line with our goal to provide the best value for their money, we only include these select fixtures and equipments for our investors.

JANUARY LEASE PROMO! Condominium in Bicutan reduced to P 11,000.00 month!

We are giving a great opportunity for our clients. Our 1 bedroom unit, just got CHEAPER.

Are you working in the area of Bicutan, Makati, or Paranaque area?

We are looking for tenants to reserve a newly turned over condominium

In Amaia Steps Bicutan. Amaia Steps Bicutan is located at west Service Road, cor. Sunvalley Dr. Parañque.

location map

It is near SM Bicutan, a few minutes away in Resorts World Manila, and just 1 exit from Makati CBD.

Leasing out our units in Makati has been challenging. Most of our prospects are now considering the nearby areas to rent out. Not only that it is cheaper, but it also provides a different environment for them. It also has its own strip mall to provide the primary needs of the community.

Here are some photos of the unit.

It is  33.44 square meters.

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The market rate for this unit is P 15,000 and P 17,000 for a unit with furnishings.

 

This offer is valid up to January 31, 2019 only.

 

Good luck !

 

Arah Dayao

 

For inquiries, just call

Office No. 956-3284

Mobile Nos. (0915)567-7656

US Line: 001 562 443 8556

 

Studio unit in El Jardin del Presidente.

Available and open this October 2018.
Studio and 2 bedroom unit near Abs Cbn Complex, Timog, and Morato commercial establishments.
We have 2 units available in the area of Abscbn Complex, Timog, and Morato commercial establishments.
One is a fully furnished studio unit and the other one is an Fully furnished 2 bedroom unit.
Here are some photos for the studio unit.

 

We also took a walkthrough video of the property. Here is the link:

 

For inquiries, just call

Office No. 956-3284

Mobile Nos. (0915)567-7656

US Line: 001 562 443 8556