Prime Corner Lots Entrance Riverwalk Bacolod City Properties Featured (8)

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

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