Real Estate 101 For The Young Enthusiasts

[noliverh]

wow! very informative thread... keep it coming....

[jonz]

I get unit in johndorf.. nice one.. are you familair with AVL Realty?dha ko nikuha ug lot then wko ka uyon ky walay klaro ang schedule sa lot development.. bayad ko ontime then wako nka uyon n with draw ko samtang gamay pa akong nahatag.. g tagi2x dyd.. issue pa dyd talbog nga cheque... kron naa pa balance wa pa dydko gtagaan schedule knusa... unsaon nalng wala cgro sila kasabot sa time value of money... galagot dydko... naa mka recommend unsa akong buhaton para mo bayad sila dayon? cge ra saad then ng abot sa date walay ika bayad

[cirext]

I get unit in johndorf.. nice one.. are you familair with AVL Realty?dha ko nikuha ug lot then wko ka uyon ky walay klaro ang schedule sa lot development.. bayad ko ontime then wako nka uyon n with draw ko samtang gamay pa akong nahatag.. g tagi2x dyd.. issue pa dyd talbog nga cheque... kron naa pa balance wa pa dydko gtagaan schedule knusa... unsaon nalng wala cgro sila kasabot sa time value of money... galagot dydko... naa mka recommend unsa akong buhaton para mo bayad sila dayon? cge ra saad then ng abot sa date walay ika bayad

Actually i only heard of AVL here in istorya. Iv never crossed ways w/ them.
Ya, i remember one of ur post i saw before on this complaint.
Asa siay na ila dev't? Kinsay tag-iya pud ani?

[cirext]

Be careful in investing in pre-selling projects. It would be best to investigate the track records of the particular developers before letting out any amount.

[miyay]

ot: may idea mo on deca homes sa labangon?

[cirext]

DECA Homes Labangon is still deferred kay daghan pa squatters i-evict.
Based on reliable insider info, dugay pa kaau ni ug dli pa priority...

[cirext]

A new guideline for Home Loans through Pag-Ibig was recently released which lowers interest rate and increases the maximum loanable amoun from 2M to 3M. Check this out

GUIDELINES ON PAG-IBIG FUND/HDMF END-USER HOME FINANCING
PROGRAMCir. No. 247

A. BORROWER ELIGIBILITY
To qualify for a Pag-IBIG housing loan under the Program, a Pag-IBIG member shall
satisfy the following requirements:

Pag-IBIG Membership
a. Must be a member under the Pag-IBIG I; Pag-IBIG II or Pag-IBIG Overseas
Program (POP) for at least 24 months as evidenced by the remittance of at
least 24 monthly contributions at the time of loan application;
b. A member, whether new or with existing monthly contributions that are still
short of the 24-month membership requirement, shall be allowed to make
lump sum payment based on the mandatory monthly membership
contribution rates (both EE and ER share) to meet said requirement at point
of loan application. Lump sum payment of membership contributions shall be
considered a single contribution for the applicable month as of the payment
date.
c. A member whose loan exceeds Five Hundred Thousand
Pesos (P500,000.00) shall be required to pay the upgraded membership
contribution rates upon housing loan approval and onwards.
d. A member who has contributed for at least two (2) years shall be required to
pay the upgraded contribution rates upon housing loan approval and
onwards.
e. For purposes of satisfying the residency requirement, the period
corresponding to the Total Accumulated Value (TAV) applied earlier to a
member s outstanding loan (offsetting) shall be considered when counting
the total number of monthly contributions, provided that the remaining TAV
after offsetting does not fall below the equivalent amount of 24 monthly
contributions.
f. Has the legal capacity to acquire and encumber real property;
g. Not more than 65 years old at the date of loan application and must be
insurable; provided further that he/she is not more than 70 years old at the
date of loan maturity;
h. Has passed satisfactory background/credit and employment/business checks
of the developer and Pag-Ibig/HDMF;
i. Has no outstanding Pag-IBIG housing loan, either as a principal borrower or
co-borrower;
However, should a co-borrower in a tacked loan signify an intention to avail
of a Pag-IBIG housing loan for himself, he shall be allowed to do so provided
the tacked loan is updated and the amount proportionate to his entitlement
has been fully paid. Hence, the co-borrower shall be released from the
original obligation and shall be allowed to avail of his own Pag-IBIG housing
loan subject to standard evaluation procedures.
j. Had no Pag-IBIG housing loan that was foreclosed, cancelled, bought back
due to default, or subjected to dacion en pago, which shall include cases
where the borrower is no longer interested to pursue the loan and surrenders
the property;
k. Has no outstanding Pag-IBIG multi-purpose loan in arrears at the time of
loan application.

B. LOAN AMOUNT
A qualified Pag-IBIG member be allowed to borrow an amount up to a
maximum of Three Million Pesos (P3,000,000.00), which shall be based on
the lowest of the following: the member s actual need, his loan entitlement
and the loan-to-collateral ratio.

C. Loan Entitlement based on Pag-IBIG Contributions
A member s loan entitlement shall be proportionate to his Pag-IBIG
contributions (inclusive of the employer counterpart contributions), which shall
be based on the following schedule:



Loan Entitlement Based on Capacity to Pay

Monthly repayment on principal and interest shall not exceed forty (40%) of the
member s net disposable income, as supported by Income tax Return or Latest Payslip.

[cirext]

This one is emailed to me by Primary Homes..
ill juz share this one

Get a Head Start on the Economic Upswing

The stock market has been steadily inching up over the past
few weeks. Economic indicators are showing signs of
improvements. Economists who study such things are even
whispering that things are getting better.

And NOW is a great time to plan for the level of success
you want three months, six months, a year from now, and
beyond, when this train is really storming down the tracks.
Let's look at some ways to do that.


Protect Your Best Accounts
First, maintain and grow what you have. Your competitors
might be reading this and are targeting your best accounts.
Don't assume everything is OK if you don't hear from them.
Be proactive and ask what else you can do for them.


Call Your Inactive Accounts
They became inactive for a reason. Find out why and fix
it if you can. If things were not going well for them and
they struggled during a downturn, be there when they
ride the wave up.


Exploit Your Strengths
Differentiate yourself and your company. Specialize.
Sell into niches. Become an expert in a certain area.


Ask for More Referrals
When making your regular "Value Added" calls, make
it a point to ask who else they know who might also be
able to take advantage of the same types of benefits/
results they receive from you. People who run businesses
that are thriving now likely know similar people.


Presell for the Future
Sure, you'll still hear, "We can't do anything now." And
when it is legitimate, get as much of a commitment as
you can today. Ask them, "When do you anticipate
moving forward?" "Can we be the ones you'll work with?"


Stay in Touch
For the people who aren't buying today, be sure you're
the one they think of first when they are ready. Email
regularly with value-added ideas, tips, and industry
information. Send articles. Personal handwritten notes.
Get on a regular card-sending program

SMART Prospecting
Get more in your pipeline. But don't just "smile'n'dial"
for the sake of activity. Target wisely. Learn about them
before speaking with them. Tailor your opening and
questions to their situation.


Provide Personal Value To Your Buyers
One of the strongest human motivators is survival.
And it applies in the work environment. You likely know
more than one person who has been downsized.
Take interest in your customers personally,
and help your buyers on a personal level
"How has your job changed in the last six months?
Three months?"
"What can we do to help you?"


Follow the Pesos
Some businesses are unaffected by the economy, and
others are doing better than ever RIGHT NOW. Where are
these opportunities in your world?


Upgrade Yourself
If you were going to run a marathon up a mountain, you'd
probably work out get yourself into better shape. Well, if
you're going to thrive in this economy, you need to have
your skills and attitude in top shape as well. Are you on
a regular "sales skills self-improvement" workout schedule?


S T R E T C H Your C R e A t i V i tY
Say "Why not?" a lot more. Why couldn't you go after
a bigger sale than you've ever made up to this point?
What's the most unusual way you've ever found a new
customer? Try it again.


Negotiate for the Long Term
Keep in mind that today, it might be worth it to be a bit
more flexible in negotiating a first sale with a new customer,
IF there is long-term potential.


Work Harder !
Sales success isn't like the get-rich-quick shows on
cable, or the "Make Money in Your Sleep" spam emails
you get. Show me the sales rep thriving today, and I'm
wagering he or she is out-hustling everyone else. Can
you kick it up a notch?


Ask More
I don't believe sales is "just a numbers game," but I have
proved to myself many times over that the more you ask,
the more you get.


Set GOALS
If you want to reach a destination, you first need to know
what it is, and where it is. Let's face it, there are no secrets
here. The key... is in doing something.

NOW GET BUSY!

QUOTE OF THE WEEK
"Dreams are powerful reflections of your actual growth potential."
Dr. Denis Waitley

(SOURCE: ART ZOBCZAK)

[cirext]

up for the enthusiasts..il be posting more soon..

[cirext]

TO THOSE INTERESTED TO TAKE THE REAL ESTATE BROKER's BOARD, I'm afraid you won't be able to do this this year. The profession is soon to be turn-overed to PRC before that date as what sources are telling. The President will be signing the law this July 29, 2009. So, you need to take the RE 4-year course before taking the board now.

Anyways, here are the pictures of the Oathtaking Ceremony of CEREB Revieewes who passed the May 2009 RE Board Exam... They may be the last of our kind...
Held at Cebu Grand Convention on June 25, 2009
One of which is my agent who is now a broker.