Ready for Occupancy (RFO) are homes or properties that are already built by the owner and require a “spot cash” downpayment. The prevailing market rate is 15% before you can move-in. Other terms for RFO are Ready-to-Movein, Ready for Occupation, and in some cases, For Assume or Reopened.
Spot cash / lumpsome downpayment means that you need to pay a certain percentage of the house before you can move in which usually ranges from 10% to 30%, depending on the arrangement. You can move-in once you have paid the agreed percentage, e.g. 15% usually. The remaining downpayment you can pay through instalment or PDC. The rest, you apply through bank financing and you pay the bank (or PAGIBIG if below P2M), or in some cases, direct to owner. All of these will be stipulated under the Contract to Sell.
Bank interests range from 7 to 8% and the appraisal value varies from 60 to 75%. Banks’ paying terms are up to 15 years. PAGIBIG’s usual interest rates range from 6 to 8%. As of July 2020, it’s 6.375% and maximum payment term is 30 years.
Why lumpsome? Looking at the interest and welfare of the owner, they have already cashed out capital to construct the house. And to give fair justice, they must be compensated by at least a fair amount of return for allowing you to reside right away. A lot of people always ask for “Rent to Own” houses where they don’t want to pay spot down or “lumpsome” initially, and just want to pay “rental-like” amount per month until they own the house. If this is what they mean, then it’s certainly difficult to find and non-equitable on the part of the owner.
Selling Studio unit (Ready to Move-in) in One Regis Uppereast Megaworld Bacolod; 4th floor – 26.50 sqm.Corner UnitFacing northeast.Unit is available and ready for occupancy
Bungalow: 2BR/ 1TB / 1 Parking GarageLA: 135FA: 50TCP: 3,000,000 Note: HV
2 Storey: 4BR/ 3TB / 1 Parking GarageLA: 100FA: 100TCP: 5,000,000 Note: HV
2 Storey: 4BR/ 3TB / Maid’s Room w/T&B /2 Parking GarageLA: 250FA: 148TCP: 8,420,000
2 Storey: 4BR/ 3TB / Maid’s Room w/T&B /2 Parking GarageLA: 271FA: 132TCP: 7,990,000
2 Storey: 4BR/ 3TB / Maid’s Room w/T&B /1 Parking GarageLA: 195FA: 130TCP: 7,150,000
2 Storey: 4BR/ 3TB / Maid’s Room w/T&B /2 Parking GarageLA: 191FA: 130TCP: 6,980,000
2 Storey: 4BR/ 3TB / Maid’s Room w/T&B /2 Parking GarageLA: 180FA: 132TCP: 7,080,000
Bungalow w/ basement unit: 3BR/ 2TB / 1 Parking GarageLA: 159FA: 72TCP: 3,648,000
2 Storey: 4BR/ 3TB / 1 Parking GarageLA: 100FA: 100TCP: 5,000,000
2 Storey: 4BR/ 3TB / 1 Parking GarageLA: 250FA: 100TCP: 6,500,000
2 Storey: 4BR/ 3TB / 1 Parking GarageLA: 100FA: 100TCP: 4,800,000
2 Storey: 4BR/ 3TB / 1 Parking GarageLA: 163FA: 115TCP: 6,230,000
2 Storey: 4BR/ 3TB / 1 Parking GarageLA: 153FA: 106TCP: 5,770,000
Get a Brand New Home for your Family this 2022 Secured, Modern and Elegant Style With own private pool Fully Furnished 24/7 strict subd in
Condo Unit Rush Sale6th St. Cityscape Residences, Bacolod City FULLY FURNISHEDStudio Unit Type FA: 19.6 sqmPrice: 2.5M Mode of payment: Spot cash Inclusive on sale:
Map – Buena Royale DETAILS Buena Royale house and lots in Bacolod East are now available. “Buena Royale Move-Insigida” Status: (RFO) READY FOR OCCUPANCY 2 BEDROOM
Location Lot 3-C, Seaside Blvd, and Sunrise Drive, MOA Complex, Pasay City FULL DESCRIPTION Price: 6,135,000For assume unit. Pay to owner = P350,000The rest assume
Location Villa Angela, Bacolod City FULL DESCRIPTION Ready for Occupancy 2 Storey 4 BR 3 CR Lot Area 191sqm Floor Area 130sqm Price: 6M KEY
Location Villa Angela, Bacolod City FULL DESCRIPTION Ready for Occupancy 2 Storey 4 BR 3 CR Lot Area 180sqm Floor Area 130sqm Price: 5.9m KEY
4 Bedroom House on 100sqm Lot (available Jan 2023) Details: ✅ Floor area 115 sqm ✅ Lot area 100 sqm ✅ 4 bedrooms (1 on
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Disclaimer: The pricing and other details in the property listings may be subject to change. All properties were provided by licensed brokers and realties. If you own the exclusive rights to such property and want to take them down, simply contact us. Details in the website are subject to correction upon final inspection of the property and confirmation of the details from owner/developer.