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Old May 23rd, 2016, 05:40 AM   #161
azumiii
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Quote:
Originally Posted by snowee View Post
yes. ganon ang mangyayari. meron developer na pinapalitan yong data sa reservation agreement once cts is done which is after paying 20% or 30%. Mag-ingat kayo rito meron mga developer na ganon.
snowee, how do they change it? I have my own copy of the RAs of my clients and I give them extra copies too (softcopy and hardcopy) same with my own condo, i keep a copy of the RA.

May attachments pa ng developer policies yung RA. My only complain with the CTS is it used too small fonts! size 7 or 8 yata yung font which i find funny and insulting at the same time. I told developer, kung nagtitipid sila sa papel, give me a softcopy with larger fonts and ako na lang magpprint. Hindi pumayag, format daw nila yung ganun kaliit at lahat daw ng CTS nila ganon format. my goodness...
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In business terms, assets are your pros and liabilities are your cons. You need assets to offset your liabilities.
The simple definition of an asset is something that puts money in your pocket. This is accomplished through four different categories, one of which is real estate. When I say real estate, I donít mean your personal residence, which is a liability. What I mean is investment real estate, which is a great investment because it puts money in your pocket each month in the form of rent. -RK
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Old May 23rd, 2016, 05:44 AM   #162
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one client of mine told me that maybe its the developers intention for clients to have difficulty reading the CTS thats why they made the fonts too small.
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In business terms, assets are your pros and liabilities are your cons. You need assets to offset your liabilities.
The simple definition of an asset is something that puts money in your pocket. This is accomplished through four different categories, one of which is real estate. When I say real estate, I donít mean your personal residence, which is a liability. What I mean is investment real estate, which is a great investment because it puts money in your pocket each month in the form of rent. -RK
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Old May 23rd, 2016, 06:48 AM   #163
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Quote:
Originally Posted by azumiii View Post
30% na yung equivalent ng 4 check payments mo na nag clear na sa kanila?

dapat nga may CTS na kung umabot na ng 30% ng TCP yung nabayad mo...
Yup 30 percent na nga hanggang ngayon wala pa yung CTS at kahit isang resibo walang binibigay sa akin ang ALVEO ! Ayala land pa nman pero parang gobyerno mabagal pa sa pagong magrelease ng documento!! Nakakainis na mag follow up . Pag tumawag ka nman puro call center lang sasagot sayo at irerelay sa documentation department ! Ayaw naman ibigay diretso yung contact number ng documentation department na yan! Kainis..
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Old May 23rd, 2016, 10:37 AM   #164
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try to get the email add of their Accounting dept, they issue official receipts.
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In business terms, assets are your pros and liabilities are your cons. You need assets to offset your liabilities.
The simple definition of an asset is something that puts money in your pocket. This is accomplished through four different categories, one of which is real estate. When I say real estate, I donít mean your personal residence, which is a liability. What I mean is investment real estate, which is a great investment because it puts money in your pocket each month in the form of rent. -RK
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Old May 24th, 2016, 09:28 AM   #165
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Quote:
Originally Posted by snowee View Post
Major Homes, Inc. is doing it. Sasabihin sayo this is the new payment terms in the CTS and disregard the payment terms from the RA. Of course, you will not sign the CTS dahil binago nila. Imagine after paying 20% or 30% gaganunin ka nila?
No way Jose. Magkita na lang sa HLURB kung ganyan. Ill take note of that...Major Homes. Yan ba yung office niya along EDSA Mandaluyong, southbound?
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In business terms, assets are your pros and liabilities are your cons. You need assets to offset your liabilities.
The simple definition of an asset is something that puts money in your pocket. This is accomplished through four different categories, one of which is real estate. When I say real estate, I donít mean your personal residence, which is a liability. What I mean is investment real estate, which is a great investment because it puts money in your pocket each month in the form of rent. -RK
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Old May 24th, 2016, 01:12 PM   #166
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Sa dmci po may site where you can retrieve your receipts monthly. Baka meron rin ayala alveo.
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Old May 31st, 2016, 04:08 AM   #167
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Guys I have a simple suggestion that would tremendously benefit all of us here. Let's post in each threads a request of at least the first 2 pages of Master of Deeds. I think that covers the basic items particularly if land property is leasehold/rent or ownership. Try to ask it from agents who post in the thread and/or buyers who post in the thread.
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Old June 15th, 2016, 05:12 AM   #168
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Quote:
Originally Posted by rafaelluis15 View Post
Guys i already payed 4 times para sa deferred payment until now wala pang receipt at contract to sell na binibigay si alveo para sa unit ko here in vertis north. Ano po ba ang magandang course of action kasi lumalabas wala kaming proof na nagbayad kami since wala kaming contract to sell and official receipt. Pag tumawag ka naman sa kanila call center agent lang ang sumasagot at wala naman nangyayari sa follow up , yung broker naman na nakuha namin matapos makuha yung commision pinabayaan na kami...
Hi, also bought a vertis north alveo unit.

ask for a provisional receipt sa alveo bgc, kase ma stress ka sa pag follow up ng cts.

go to 2nd floor bgc customer service..

Pending pa rin cts ko, sobrang hassle.. bought last year.
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Old June 15th, 2016, 05:14 AM   #169
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ayala needs to fix issues in releasing their cts.

Buti pa premier sobrang bilis lang daw. Alveo and Avida, para kang nagmamakaawa bigyan ng cts. Dmci din upon issuance of checks, cts signing kaagad.

poblema pa ito, pag biglang iniwanan ka ng agent.
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Old June 17th, 2016, 04:04 PM   #170
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News is
All Ayala Projects are delayed by 6 - 18 months?
Alp, alveo , avida
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Old June 21st, 2016, 03:07 PM   #171
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http://www.bcitop10.com/index.cfm/to...id=5&year=2016

i see newbies.
would be nice to know the criteria.
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In business terms, assets are your pros and liabilities are your cons. You need assets to offset your liabilities.
The simple definition of an asset is something that puts money in your pocket. This is accomplished through four different categories, one of which is real estate. When I say real estate, I donít mean your personal residence, which is a liability. What I mean is investment real estate, which is a great investment because it puts money in your pocket each month in the form of rent. -RK
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Old June 30th, 2016, 08:20 PM   #172
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Hello guys! Im a newbie here, I signed up kasi gusto ko makasali sa discussion na to. I wanna share about my experience with Century Properties and sana matulungan niyo ko sa problem ko. 4 years ago I was forced to reserve a condo unit by a friend who is an agent of Century. I was only 21 and doesn't know anything about buying a property by then. They said to me it will be a good investment, (I thought they might be right). Of course dami promises sakin ng friend ko mabili ko lang so, na oto niya naman ako. Apparently now that the construction is finished, I am obliged to pay for the turnover balance otherwise the money I was paying every month for 4 years will be forfeited. Just recently I did paid for the turnover balance, I've spoken to someone from the company, and he said to me that aside of the turnover balance I should pay for the 7% government mandated tax as well, which I was shocked about because I thought everything was included already sa turnover balance I paid. The person who sold me the condo which was my friend weren't transparent to me about it. It made me angry, because I didn't wanna be paying more money for that condo, specially because it's something I really didn't want. I always knew I could've invest my money into something much better. A week later I decided to pay the Tax, I've spoken to the same person and he asked if me if I have opened my email, surprisingly I received another email about the adjustment of more than 1sqm increased for my unit size and so I'm obliged to pay again another huge amount of money!!!! I thought its becoming a joke! Another fees only declared when I was done paying for the turnover over balance and tax! It wasn't even shown on recent statements of account and the formal letter turnover notice. I tried to ask him a lot of questions pero halos hindi na cxa mag reply sakin after that, I've spoken to the person who sold me the condo and the same thing she hardly give me good response, she however referred me to another person but this person has been doing the same thing. Only keeps telling me she would call me to talk about it but never!!!! Yesterday I decided to emailed different person which works as a collection specialist of the company. I was then convinced even more that this company might be just scamming me, because she gave me different quotation of the adjustment fee from the first person who I've spoken to. Right now im very confused kung anung gagawin, if babayaran ko ba yung another more than 200K na hinihingi nila for the 1sqm increase or mag hihire ako ng lawyer? kinakagalit ko lang is the way the present it to me, parang peniperahan nila ako, after ko ma fully paid lahat lahat sasabihin meron pa pala ako babayaran na another 200K for adjustment tapos bibigyan pa nila ako ng ibat ibang presyo? meron ba dito naka experience the same thing with Century properties? I told them im willing to pay them another 200K if they can prove to me indeed na nilakihan talaga ang unit ko, would this be the best thing for me to do? please I need your advice. Thanks po
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Old June 30th, 2016, 08:55 PM   #173
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@Pulch

read your Contract To Sell and Reservation Agreement. The 7% GMTOE (Govt Mandated Taxes and Other Expeses) is called Move-In Fees or Turnover Fees with other developers. It should be indicated in the Schedule of payment, look for it in the lower part of the page after the Turnover Balance. You can also ask the developer for the breakdown of the GMTOE so you know where it went such as Titling, utility meter deposits, etc.

This should always be discussed with buyers before they reserve but some agents might be lazy, oblivious or just plain stubborn that they miss out explaining this especially for first time property buyers. Seasoned investors do due diligence, demand detailed computations and read the fine prints before parting with their money. For sure, the 7% GMTOE was indicated in the documents but the fonts were too small to read and we really dont bother reading them as we trust that the agent already gave us the details we should know. This is why for the benefit of all my clients who invested in Century, I have been complaining and demanding that the fonts to be used in the CTS should be at least size 10, my God the Azure North CTS used size 6! I would have understood if it was a generic CTS mass printed but its not; I told their Documentations Department that if they cannot enlarge it to save on bond paper, then just send me softcopy and I'll be the one to print on my own printer but they refuse so I also refuse that ridiculous CTS format.

On the 1sqm increase in floor area-DONT PAY. Review your Contract To Sell, there should be a clause there for adjustments that if in case your actual unit turns out to have +/- 2sqm, there wont be any refund or additional cost. Unfortunate for those who got a unit 2sqm short for they wont get a refund. Lucky for those who will get an excess of up to 2sqm for they wont be charge extra. Yours is just addtl 1 sqm so you wont have to pay extra as it is still within considererable allowance.

I dont know if your CTS says otherwise but for the CTS of my clients, up to 2sqm is negligible.
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In business terms, assets are your pros and liabilities are your cons. You need assets to offset your liabilities.
The simple definition of an asset is something that puts money in your pocket. This is accomplished through four different categories, one of which is real estate. When I say real estate, I donít mean your personal residence, which is a liability. What I mean is investment real estate, which is a great investment because it puts money in your pocket each month in the form of rent. -RK

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Last edited by azumiii; June 30th, 2016 at 09:02 PM.
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Old July 1st, 2016, 09:54 AM   #174
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To add, some agents also dont know about the turnover fees or move in fees esp those first time in real estate. They themselves are surprised when their clients complain to them about this. That is why as a responsible investor, do not just rely on agents about legalities. They sure know details of the project, but the policies and laws surrounding the deal is diff story. Next time, choose also an agent who is not just a seller but also who has tried investing so he/she can share to you the buying experience and much better if na experience na din niya mai-turnover ang binili niyang property sa kanya.
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In business terms, assets are your pros and liabilities are your cons. You need assets to offset your liabilities.
The simple definition of an asset is something that puts money in your pocket. This is accomplished through four different categories, one of which is real estate. When I say real estate, I donít mean your personal residence, which is a liability. What I mean is investment real estate, which is a great investment because it puts money in your pocket each month in the form of rent. -RK

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Old July 15th, 2016, 06:34 AM   #175
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I am newbie here. Just want to ask, anong common question dapat itanong sa agent mo?
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Old August 23rd, 2016, 06:56 AM   #176
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SUPER AGREE. Now I'm having problems with Century Properties. Fully paid na last July but they wont allow me to inspect my unit until November. Ipinagmamalaki pa nila na 6months daw talaga ang turnover process. May batas ba regarding this? Nakak-stress especially if nagrerent ka pa outside, doble doble na gastos.

Quote:
Originally Posted by Coniocondo View Post
You know what is missing? -- A law that protects the buyers of properties, a document that is FOR the buyer's best interests that seller has to sign and abide to. In the same way that a seller's contract protects the seller with remunerations in cases of payment default late payments and the like, the buyer's contract should protect the buyer with remunerations in cases of construction default, late turnovers and the like.

Sure we may have a law already that covers that but why not supplement that with a law that institutionalizes the signing of a buyer's contract by the seller on closing date. This way, the buyer can hold the seller accountable inasmuch as the seller holds the buyer accountable for his/her part.

Developers and sellers get away with a lot from breaking promises (which is a contract in itself) on delivery dates and specifications. With all the hassle of going after them by getting all the documents after the fact, the buyer would just give up instead. However, an enforceable signed buyer's document resolves this. Imagine if the seller promises a turnover date of say 12/31 and failed. The document would calculate an accruing and compounding penalty fee for each day that passes, much like in the event a buyer fails to pay amortizations on due dates.

When a buyer finds difficulty to pay, he/she can not ask for extension of due dates. The due dates stipulated by the Seller's contract (Deed of Sale) are final and enforceable. However, when builders find difficulty to meet turnover dates, all they do is issue a notice of delay and they go free.
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Old September 18th, 2016, 11:36 PM   #177
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The last post in this thread was back in 2013. Have any of you found a better forum? I am an Acqua Private Residences unit buyer but don't have possession, yet, and am interested in others' experience and tips.
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Old September 18th, 2016, 11:37 PM   #178
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The last post in this thread was back in 2013. Have any of you found a better forum? I am an Acqua Private Residences unit buyer but don't have possession, yet, and am interested in others' experience and tips.
Oh, never mind my 2013 comment. I see the more current ones.
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Old September 20th, 2016, 05:28 AM   #179
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Quote:
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Ask him if the condo project that he is selling has LTS. If yes, get the number and call HLURB to verify. Check also at HLURB if the project has CDO. Never buy if the project has no LTS and has CDO with HLURB.
Thank you!
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Old September 20th, 2016, 05:32 AM   #180
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Quote:
Originally Posted by Dettifoss09 View Post
The last post in this thread was back in 2013. Have any of you found a better forum? I am an Acqua Private Residences unit buyer but don't have possession, yet, and am interested in others' experience and tips.
Meron thread dito http://www.skyscrapercity.com/showth...14359&page=107
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