Tuesday, September 6, 2011
Living in Philippine Condos offers an alternative lifestyle especially if you are a young professional who wants to have a place to call your own or if you have a family and you want to have a secure and spacious living space that is affordable and more convenient than buying a conventional home.
Living in Condos, especially in Philippines offers different types of lifestyle and living conditions. It is cheaper than buying a conventional home or buying lot then built a house later on. Philippine condos offer you amenities like 24-hours maximum security, well guarded parking space, swimming pool and others that an individual cannot enjoy in any other type of home dwellings.
There are many condominiums that is available in Philippine Real Estate, like in Makati, Pasig, Taguig and Muntinlupa also in provinces like Baguio and Tagaytay of which can satisfy your needs and requirements. However, whatever type of condo you opt to buy, you should bear in mind that Condo Living in the City is different than living in a conventional home environment that you might accustom to live.
The difference between living in Philippine Condominiums and in Conventional Home is the dual nature that comes with every condo unit home ownership. A condo homeowner shares the responsibility over the operating and maintenance cost of shared spaces in the property such as lobby, passageways, elevators and other essential parts of the Condominium complex.
A condo unit is also cheaper than owning a single detached home which may take you years to save for before owning it. Living in a condo unit, you will also be able to enjoy the amenities and shared facilities like the gym, pool, function rooms, children center, gardens and others that common in condominium complexes. Also, as a condo homeowner, you became a part of unique community and take part in any decision making activity.
If high-rise living appeals to you, finding the right property is easy. There are many Condominiums featured in Philippine Real Estate agencies. These properties can range from luxurious Philippine condos with elegant designs and spacious greenery which provide you with healthy environment to grow and proper to affordable med-rise condo units.
One of the best firms which is considered in the Philippine real estate is Home Buyers Avenue. It is a diversified firm licensed to broker and manage properties in Cities and Provinces such as condominiums as well as townhouses, house and lots, lot only, farm lot and commercial properties.
Moving to a new place requires a lot of planning and it needs to be done effectively. A thorough research should be done while finding an appropriate property, with all the basic amenities and utilities. It makes the moving experience a pleasant, efficient and effective one. Searching a property should meet your lifestyle and at the same time, it should be within the budget. There are various property locator service providers that help you to find a property which suits your needs. Now you can find even the property listings that are available on the web like Home Buyers Avenue
With the number of properties growing each year, perspective residents have a huge variety to choose from. With property prices continuing to climb however, you'd want to make sure the property you choose is exactly what you want, because you'll probably be paying a fair proportion of your income on either rent or repayments. There are many other things to consider depending on your requirements. A professional or retiree may be looking for a building that contains a higher proportion of owner occupiers and has good sound insulation, whereas a younger person may be happy to live in a building with a higher proportion of students and won't be as bothered by the noise from parties or other loud behavior in the building. Price is also a major factor and generally you'll get what you pay for.
What you want from a property will vary from one person to the next, but if you cover the main items of quality, parking, facilities and security, you'll be well on your way to finding the perfect property.
Home Ownership is now just a click away Home Buyers Avenue is a blog site dedicated for home buyers and sellers. Buying / Selling a property can now be simplified through online marketing. One can acquire a Philippine property without leaving ones home, let alone ones country of residence. Buyers can be provided with complete details of the property and assist buyer with the process of the purchase and documentations as well. For more information, please Contact Us @ +63917-8125791 or email us @ email@example.com
Monday, September 5, 2011
Retiring is good thing for most people, it’s a time that comes after years and years of hard work and slavery to a job. It is something that most people at the age of 58 and 59 begin to look forward and anticipated for a long time. Having the time to spend with your family and indulge in your passions, without the stress of worrying what your boss thinks or worrying about how you’re going to survive if you lose your job...
When you are at your retirement age,one of the most important thing to consider is the place where you can settle at your retirement, a place where you can relax and enjoy with your loved ones - where is the best place to retire? I suggest, BAGUIO. Baguio is a city on the Cordillera mountain range in the middle of the island of Luzon, in the Philippines. Due to its cool mountain weather, beautiful sceneries and peaceful atmosphere, Baguio is considered as the summer capital of the Philippines. It is also called the City of Pines because of many pine trees planted all over the city.See yourself playing golf, enjoying a horse back ride, planting your own farm or just simply sitting down at your veranda beside your loved ones enjoying this beautiful environment that Baguio is offering you. Truly a relaxing place to spend every minute of your day.
Home Buyers Avenue, a Philippine Real Estate that has a wide range of list of Philippine properties specially in Baguio City. House and lot, Baguio condominiums, Baguio rest house, Baguio vacation houses, farm houses in Baguio and even for rent houses in Baguio... We are willing to help you find your Dream Retirement Home.
For more information about HBAve. regarding Baguio Real Estate, please check on our listing here or contact us.
Sunday, September 4, 2011
WHAT IS AN ESTATE?
- An Estate is comprised of the real and personal properties of a decedent.
- A life insurance policy or a pre-need plan or a mutual fund placement is considered personal property.
WHEN IS THE SETTLEMENT OF AN ESTATE REQUIRED? The settlement of an estate is required by Sun Life under the following circumstances:
- The beneficiary who will receive the proceeds under a life insurance policy or pre-need plan is an Estate.
- The owner of the life insurance policy or pre-need plan or mutual fund placement has become an Estate and needs to transact business with the company.
HOW IS AN ESTATE SETTLED? An Estate may be settled judicially or extra judicially:
I. EXTRAJUDICIAL SETTLEMENT.
- “Extrajudicial” means “outside of court.”
- The heirs do not have to go to court to partition the properties left
- by the decedent.
- There are two (2) kinds of extrajudicial settlement:
A. COMMON REQUIREMENTS FOR AN EXTRAJUDICIAL SETTLEMENT TO BE VALID:
- The decedent died intestate, i.e., without a valid will;
- The estate has no outstanding debts at the time of the extrajudicial settlement;
- The heir/s are all of age, or the minor heirs are represented by their judicial guardians or legal representatives;
- The extrajudicial settlement is made in a public instrument, stipulation or affidavit duly filed with the Register of Deeds;
- The fact of such extrajudicial settlement must be published in a newspaper of general circulation once a week for three (3) consecutive weeks; and
- The parties to the extrajudicial settlement shall file a bond with the Register of Deeds in an amount equivalent to the value of the personal property involved.
This bond should be filed simultaneously with the extrajudicial settlement instrument(document). Such bond will answer for the payment of any just claim at any time within two (2) years after the settlement and distribution of an estate.
B. WHO MAY EXECUTE AN EXTRAJUDICIAL SETTLEMENT?
- THE SOLE HEIR. The one and only heir may adjudicate the entire estate to himself by means of an affidavit (called an “Affidavit of Self-Adjudication”) filed in the Register of Deeds of the place where the decedent resided.
- THE HEIRS* AGREEING AMONG THEMSELVES. The heirs may divide the estate among themselves by means of a notarized instrument filed in the Register of Deeds.
The steps to follow are:
a. Prepare a “Deed of Extrajudicial Settlement of Estate and Adjudication of Estate” to be signed by all of the which must contain the following information:
- That the decedent left no will;
- That the decedent left no debt;
- Each heir’s relationship to the decedent (e.g. spouse, son, daughter, father, mother etc.);
- That they are the decedent’s only surviving heirs;
- An enumeration and a brief description of the decedent‘s properties, both real and personal, which the heirs are now dividing among themselves. The decedent’s Sun Life Financial life insurance policy; pre-need plan number; or mutual fund.
* Heirs for purposes of the discussion on extrajudicial settlement, may refer to the following:
- if the deceased was single without children – surviving parents;
- if the deceased was single with children– legitimate and illegitimate children only;
- if the deceased was single with illegitimate children and surviving parents – surviving parents and illegitimate children only;
- if the deceased was married with children - legal spouse and illegitimate and legitimate children only; and
- if the deceased was married with illegitimate children – legitimate spouse, surviving parents and illegitimate children. Claimants are encouraged to seek the advice of their own legal counsel.
Placement certificate number must be specifically mentioned; and How the properties are to be divided among the heirs including a specific mention of who will assume ownership and/or all the benefits resulting from the Sun Life Financial life insurance policy; pre-need plan; or mutual fund placement.
b. Have the “Deed of Extrajudicial Settlement and Adjudication of Estate” notarized before a Notary Public after all the heirs have signed it.
c. Secure a bond from a reputable bonding company acceptable to the Register of Deeds. The amount of the bond is equivalent to the value of the personal property included in the extrajudicial settlement.
d. Register the notarized “Deed of Extrajudicial Settlement and Adjudication of Estate” with the Register of Deeds. The bond is simultaneously filed with the “Deed of Extrajudicial Settlement and Adjudication of Estate”.
e. Publish the “Deed of Extrajudicial Settlement and Adjudication of Estate” in a newspaper of general circulation once a week for three (3) consecutive weeks.
II. JUDICIAL SETTLEMENT OF ESTATE.
There are times when resort to court is unavoidable, particularly when the deceased left a will or debts and/or the heirs are in dispute.
A. COMMON REQUIREMENTS FOR JUDICIAL SETTLEMENT:
- By means of a petition filed in court.
- Where filed?
- If the decedent was a resident of the Philippines at the time of his death, the petition must be filed before the Regional Trial Court in the place where he resided at the time of his death.
- If the decedent was a resident of a foreign country at the time of his death, the petition must be filed in any Regional Trial Court in the province where he had estate.
required to be published in a newspaper of general circulation once a week for three consecutive weeks.
B. WHEN IS THERE A JUDICIAL SETTLEMENT?
- SUMMARY SETTLEMENT OF ESTATES OF SMALL VALUE. An estate of small value is worth Ten Thousand Pesos or less, regardless of whether or not the decedent left a will.
The steps to follow are:
- File a petition in court alleging that the estate is of small value.
- Publish a notice of the settlement proceedings in a newspaper of general circulation once a week for three (3) consecutive weeks.
- After completion of publication, the court may set the case for hearing and proceed summarily to settle the estate.
2. PROBATE OF WILL. If the decedent left a will, such must be probated, i.e., allowed or disallowed.
The steps to follow are:
- File a petition in court praying for the probate of the will and settlement of estate of the decedent.
- The court will set a time and place for the probate and shall cause notice of such to be published in a newspaper of general circulation once a week for three (3) consecutive weeks.
- On the hearing date, the court will proceed with the probate of the will and distribute the estate to the heirs/legatees accordingly.
3. DECEDENT LEFT NO WILL. If the decedent left no will, the steps are the same as the above, except that the petition will pray for the settlement of the estate of the decedent.