For sale:
#Condominium #studio (18 sq. m) at BLOQ Residences condominium located at Borbajo Street, Talamban,
#Cebu City. I’m selling the studio for P 1,150,000.00 (negotiable).
I’m selling the condo studio unit under this basis:
1.
Buy whole value (the buyer pays for the entire value of the studio and I will use the proceeds to
pay the entire balance of the PAG-IBIG housing loan, while the excess proceeds I’ll use for prior and
current payments and expenses I made for the studio, and for the taxes and expenses related to the sale
of the condo).
I bought the condo studio in 2014 availing of PAG-IBIG housing loan and the unit was turned over to me in Dec. 2016. The condo studio unit has toilet and bath with shower, mini-kitchen and living area.The unit is partially furnished now with black-out window blinds for the windows, 1 HP air conditioning unit, modular plastic cabinet (5 ft. tall), mobile clothes rack, folding bed, air cooler, chairs and small table,counter-top water filter (replaceable filters) attached to kitchen sink faucet, and grease trap under the kitchen sink.
Under
Buy whole value, the buyer pays for the whole value of the condo studio unit at P 1,140,000.00. I will use the proceeds of the sale to pay out the whole remaining balance of the PAG-IBIG housing loan amount. PAG-IBIG is in possession of the condo title.
The Buyer first pays me P 830,000 that I will directly pay to PAG-IBIG as full lump sum payment for the entire housing loan balance. When the entire loan balance is fully paid, PAG-IBIG will turn over to me the title of the condo. I can then start the process of transferring the name to the title from me to the Buyer.
I’m updated with the PAG-IBIG housing loan monthly amortizations that I started to pay starting March 2017 (as of November 2018, the total PAG-IBIG housing loan balance is P 817,000).
I’ll also have to spend for the documentation and processing fees and other expenses related to transfer of the title and name of the condo studio to the buyer. As of March 2018, I have made a total of prior and current expenses and payments of at least P 250,000, and take into account the appreciative value of the condo studio unit since it was turned over to me in 2016, at least P 320,000.00 will be left to me from the proceeds of the sale under the Buy whole value basis.
The pics of the condo studio unit:
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You can PM me here, or email me at
renzcasquejo@gmail.com, or call/txt me at 09175118114 or 09213727721. Please this is for serious buyers only. Thanks.
Condominium studio at Talamban, Cebu City, Philippines
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