My Davao Real Estate

As you can read from the title, in this article we’ll present two properties that are for assume. One is located in Toscana (a mid-income subidivision development by Camella Homes Davao) and another is in Deca Homes (a low-cost project) in Buhangin District.

Property #1: Toscana House For Assume — Highly Negotiable

Good news for all those who are looking to assume a house in Toscana! Here’s one that will really test if you are really an investor type. Let’s see.

Brief Specifications of the Property:

House Design : Citronella
Bedrooms : 3 (one master bedroom with private bath)
Bathrooms : 2 (one in the masterbedroom)
Lot Area : 144 sqm
Floor Area: 56 sqm

Some Photos of the House

This house has never been occupied. And no improvements yet.

As a matter of fact, the current owner wants to have someone assume the obligation of paying it. And, keep this in mind, this is negotiable. Now for the money matters…

Total Payments Made = PhP 1,000,000 plus (as of January 2011)
Balance = PhP 950,000

What that means is, your obligation to the company is PhP 950,000 which you will continue paying in monthly installment from the same developer or you can have it financed by the bank to take advantage of a lower interest rate.

The negotiable part is the total amount paid by the buyer, which is around P 1,000,000 already.

If you are considering this property, drop a message using the Comment Form below, or better yet, use the Contact Form to get in touch with us.

For a Quick Inquiry via Cellphone, please send SMS or call Carlos at 0063-0917-705-5040.

Property #2: House in Deca Homes, Buhangin

Now for the next property…

This one is located in Deca Homes in Tigatto, Buhangin District, Davao City. It is a low-cost, Pag-IBIG Fund accredited project. Meaning, you can finance it with Pag-IBIG Housing Loan.

The house has two bedrooms and a total floor are of 35.2 sqm sitting on a lot area of 96 sqm.

Photos of the House:

Assume Price: PhP 350,000 (negotiable) to include tax fees (monthly amortizations paid for more than 5yrs in the 25yrs contract) with a down payment of 100,000; Bal in 12mos post-dated checks.

For negotations and for other inquiries regarding this property, please contact the following:

Bella Cafe : 0927-727-1779 / 0999-681-3621) or
Jan Mari Cafe : 0923-250-6006/0999-681-3622
PLDT Land Line: (084)- 646-0234

Again, this house and the one featured previously have two different sellers and therefore different contact persons.

Use the Contact Form for the Toscana House For Assume that was featured above.

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Asides: In the next couple of days, we will be showcasing subdivision project from the different parts of Davao, namely: Mintal, Puan, and Maa areas. To the Website Subscribers, this means a lot of investment options to choose from.

Keep in touch!

Looking to buy a lot-only property in Toscana?

This one is worth considering. Here’s why:

1. The property was bought some 2 years ago when the price was still cheaper.
2. The subdivision underwent a lot of improvements from the time it was bought until now.
3. The lot is located on an elevated block giving you a nice view of clubhouse.
4. It is for assume, that means you don’t need to pay out a lot of cash.

The property is a 120 sqm lot located in Toscana Subdivision. It is currently mortgaged with UnionBank, with 9 years remaining on the loan term; no arrears.

About The Toscana Subdivision

Toscana is home to many Overseas Filipino Workers who prefer to invest their family homes in the community. The subdivsion has mostly bungalow-type houses with some two-storey homes near the clubhouse, where the terrain is a little bit sloping. Some of the planned amenities include clubhouse, swimming pool, and kids’ playgrounds. Most playgrounds are now usable. The clubhouse is now ready to use but some finishing works are still being made. The swimming pool will some be started.

Toscana is located in Puan, Davao City; roughly 10km from downtown Davao.

Photos Of The Property and Of Toscana

Selling Price

You can buy this lot for spot cash for PhP 650,000 or you can assume the mortgage and pay the owner PhP 200,000 in down payment.

And did we say it is negotiable? You bet!

Contact Details

Note: This house has already been sold out.

Have you been to the Woodridge Subdivision in Davao?

If you ask anyone familiar with the exclusive communities in Davao, he would definitely agree that Woodridge is a real high-end development community. To say that it has a nice swimming pool, a well-kept clubhouse and cool tennis courts is to do a poor description of the place.

Okay, these are all true and maybe even some more wonderful features of this high-end project can also be mention. But Woodridge is more than that. It is home to some of the most successful, self-made businessmen in Davao – the real shapers and movers of the city’s economic sector. It’s sort of mysterious, but these people somehow found a way to convince themselves and call Woodridge their home.

Now if you are looking for a wonderful home in the city and you want to have these kinds of people in your surroundings, look no further. Woodridge is the right choice.

The Most Affordable House On Sale : PhP 6.5M

To give you an idea, you can’t find a house in Woodridge that is selling below PhP 6M. If your budget is lower than that, try another place.

And this particular house is for sale at PhP 6.5M. If you can find a house that is selling lower than that in Woodridge, you’ll be very lucky. The PhP 6.5M is already Net to the seller; that means you have to shoulder all of the closing costs and other expenses related to transferring the land title in your name.

Payments and Financing

As much as possible, cash payment is preferred.

But you can always apply for a loan and I can assist you with that one or you can do it all by yourself. Installments may also be accepted if you can provide at least 40% down payment and can cover the balance with post-dated checks within 6 months.

House Description and Photos

• Two-storey house
• Lot Area = 180 sqm
• Number of Bedroom = 4
• Toilet and Bath = 5
• Servant’s quarter
• Landscaped and fenced
• Trelles
• Well-maintained
• 2 stock rooms
• Living Room
• Family Area / Second Living Room at the second level
• 2-Car Garage

Please take a look at the following photos in slide show to see what you are getting.

This two-storey house is fully furnished, and ready to use. You’ll get 2 LCD TV sets, centralized air-condition units, classy sala sets, dinning sets, kitchen and dinning utinsels, curtains and decorations. Take another look at the photos to see for yourself.

About Woodridge

Woodridge Subdivision was developed by Alsons Development, the same developer that is responsible for Ladislawa Garden Village (in Buhanging) and Las Terrazas — all true high-end projects in Davao. Woodridge is located in Ma-a, Davao City. It has access road going to the Davao International Airport. The place is only a few kilometers to the NCCC Mall and Ateneo de Davao University (Grade School and High School).

It’s not a banking jargon, nor a term only known to real estate agents. You’ve probably heard it a number of times already yet still wonder with some degree of youthful curiosity, “What does appraisal exactly mean?”

An appraisal is a stated result of valuing a property, making a cost estimate, or forecasting earnings, or a combination of two or more of these. Technical definitions aside, appraisal is simply an estimate or opinion of value. It defines the worth, usefulness or utility of an object just so that you can make the most out of your finances.

Sounds simple eh? But what might look like as a simple act of giving valuation to a certain property is actually one of the most valuable tools of real estate gurus and investors.

To real estate experts, getting a very reliable appraisal is just as important as a decisive reconnaissance for the marines or a thorough window-shopping-day for shopaholics. Information is — and will always remain as — the most powerful tool in the world of investments. And the information that an appraisal provides might just spell the difference between a very good investment, and a disastrous money-wasting move.

You definitely want to get the most out of your bucks, and there’s no better way than looking into an appraisal so you’ll know where your money can flourish efficiently.

However, the thing is, before one can actually get a very good appraisal, there are steps that need to be taken, which brings us to our next query:

How is Real Estate Appraised?

The Market Data Approach — The single universal approach to appraising real estate is called as the Market Data Approach, or otherwise known as the Sales Comparison Approach. It is a process of carefully comparing and relating comparable properties to a subject property being appraised. To do this, the appraiser has to rely heavily on market data, hence the name of the approach. Adjustments are made of course, to suit to slight differences between these properties. Such adjustments can be based on the comparison of certain factors such as size, shape, location and time element.

Despite its straightforward approach, simplicity and wide acceptance, the Market Data approach has no provision for alternate techniques. In cases where valid sales are not recorded, insufficient, or undisclosed, the absence of market data renders the entire approach as incapacitated.

The Cost Approach — The Cost Approach to appraising utilizes three logical steps.

1. First, the land value is estimated.
2. Second, careful inspection is undertaken to estimate the replacement cost and accrued depreciation.
3. The final step is to correlate these estimates into a value estimate.

To put it in rather simpler terms, the cost approach is an estimate of the investment required to duplicate the land in its present condition.

The Income Approach — The Income Approach is best used for commercial properties, or investment properties that can generate income from rents or leases. In simple term, this approach arrives at the appraisal value of a property on the basis of its opportunity cost. This method of appraisal is produced by comparing the net income to be earned by the property if it is fully utilized versus its remaining useful life with the possible income earned if the amount used to purchase it were too used for any other income-producing venture with the same comparable risk.

Among all the approaches to appraisal, this approach is the most technical and requires an adequate amount of data. The complexity of the method too, makes the appraisal that arrives from it a very detailed appraisal.

Where To Find A Real Estate Appraiser?

Unlike, real estate brokers and agents who are scattered all over the place, real estate appraisers a little bit shy, preferring the comfort of office more than the real action in the field of sales. Of course, they are not salesmen, unlike their buddies Mr and Ms Brokers.

Banking institutions, investment firms, even private companies engaged in real estate transactions have a team or two of appraisers. These institutions usually provide appraisal services for their regular clients as a standard operating procedure, which is pretty much logical because the presence of appraisers protects the investment of these institutions by providing a sound basis for investment.

Freelance appraisers can also be called into action as the need arises. However, these freelance appraisers may not be holding enough data that are needed to complete a reliable appraisal. So it would be wiser to get somebody from a well established institution so you can avail of a very reliable and trustworthy appraisal.

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“Real Estate Appraisal — Don’t Invest Without It” is written by Randolph Reserva.

Originally, there are four model houses for sale in Toscana. The bad news is the two bigger homes are all sold out just a few weeks they were out in the market.

And the good news: There are still two available, both of which are have lot areas that are comparably larger than the ones available for regular homes. Meaning, you have that extra space to do just about anything you want from car garage to a nice little garden.

In Toscana, a model house is different from a regular house in many aspects.

Model Houses are:

• sold with appliances and furniture
• made of improved materials
• beautiful interior done by a professional interior designer
• landscaped
• tiled using ceramic tiles, regular homes have vinyl tiles
• ready to occupy

Home Financing

The developer, Camella Communities, only accepts two ways of paying for the model homes:

• Spot Cash with discount that varies depending on the promo available
• Bank Financing — 30% down; 70% mortgage loan from a bank. Loan application assistance will also be extended to qualified buyers.

Here are some photos for you to see what you are getting:

Rosemary Mode House — 2.3 M

Lot Area = 171
Floor Area = 31
Selling Price = 2,318,361

More pictures available, please click the Play Button.

Chamomile Model House — 2.6M
Lot Area = 170
Floor Area = 40
Selling Price = 2,599,383

More pictures available, please click the Play Button.

Overview of Toscana

Toscana Subdivision is Camella Communities’ second project here in Davao next to the Solariega Subdivision. It is located in Barangay Puan in the southern part of Davao City. It is a community with mostly single-storey homes, but a few two-storey designs are also available at the blocks near the clubhouse.

It is considered as a mid-range project. Home owners can enjoy the following subdivision amenities:

• Clubhouse
• Swimming pool (to be constructed)
• Parks and playground (there are about four)
• WiFi
• Commercial Lane (upon entering the subdivision; one building currently being constructed.)

It is also a secure community with CCTV from the guard house monitoring the main entry and exit point of the place.