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(Sold July 2020) Two Prime Corner & Entrance Lots – Riverwalk

FULL DESCRIPTION

LOT AREA & PRICE

  • 9,000 php per sqm
  • 2 Lots for a total of 564 sqm
  • 9,000 php x 564 = 5,076,000
  • One lot is 235sqm, the other is 329sqm

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SAMPLE SCENARIO & COMPUTATION:

  • Less earnest money (let’s say 500,000)
  • Remaining amount of P4,576,000 then process bank requirements, appraisal, loan:
  • Let’s say approved loan amount is 60% or 3,046,000
  • 5,076,000     (less 500,000 less 3,046,000)
  • Remaining downpayment = P1,530,000
  • Which you will agree to pay on a certain term/duration with the seller
  • The other expenses that you and the seller divide:
    1. Capital Gains Tax: 6% of the transaction price
    2. Docu stamp: 1.5% to 2%
    3. Commission to the broker agent: 5%
    4. Processing Fee to the Document Processor/ Title Processor:
  • These are the standards based from my experience but the bank appraisal depends on the bank

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IF ONE LOT ONLY

  • 235 sqm x P9,500 = P2,232,500
  • 329 sqm x P9,500 = P3,125,000
  • There is a third lot in the isle (which is not owned by the seller)
  • The 2 lots are surrounded by 2 roads (Nile and Mississipi) plus one small inner road
  • For further details, site tripping and fast transaction, please send me a message. Thanks
Bryan Villarosa PRC License Real Estate Professional in Bacolod

Posted by: Bryan of Bacolod

Hi, I'm Bryan - a licensed real estate salesperson in Bacolod City. a homegrown local with knowledge of local areas, developments, related laws and processing experiences. We curate, update, and write with all transparency, and with all the best we can in this website. If you consider to buy a property in this site, we can assist you as sales agents. My WhatsApp; My Messenger.

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