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Hornijas-Tobias Realty & Co.

Financing Option: Spot Cash

8/24/2010

Comments

 
This payment method is the easiest and fastest way to purchase a real estate property. As the name implies, it’s paying on the spot.  However, this payment scheme may vary from one developer to another. Paying on the spot or spot cash simply means that the buyer needs to pay the total price (house and lot package, condominium unit price, lot purchase price, etc.) in a given period of time – usually 1 month after the property was reserved.

Also note that a
house or property for sale by a private individual seller (as opposed to a developer), is commonly paid in spot cash. On the other hand, there can be longer terms of payment if a real estate property is purchased from a developer (e.g. Kisan Lu, Uraya Land, Santos Land, etc.)
Priscilla Estate is a middle class subdivision in Cabantian, Buhangin, Davao City. Beautiful house and lot packages at affordable and reasonable prices.
Priscilla Estate House and Lot
For example: A house and lot package at Priscilla Estate – a middle class subdivision in Cabantian, Buhangin, Davao City.

Lot area: 150sq.m
Floor area: 68sq.m
Processing fee/Initial Docs: 7,000
House and Lot Price: 3,190,000

Spot Cash payment: 3,015,498 (discounted)

Note: This is a sample computation only. The prices and computations are subject to change without prior notice. Contact us for updates.

Advantages:
-          The buyer gets a great/special discounts.
-          Hassle free. There aren’t many requirements.
-          No need to worry about long term payments.
-          Buyers usually get documents in a shorter period of time.

Main disadvantage:
-          Most people can't afford spot cash payments.

Related Articles:
2 Read for Occupancy house and lot at Priscilla Estate! Available!
Paying in Deferred Cash
Financing Options: In-house financing

Financing Options: Pag-ibig financing
Financing Options: Bank financing

Ready to purchase a real estate property in Davao City? Check out this real estate website:
Davao City Real Estate Properties
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  • Home
  • PROPERTIES
    • Housing Projects >
      • North of Davao >
        • Malibu Residences Davao
        • Oakridge Residential Estate
        • Aspen Heights Subdivision Davao
        • The Prestige Subdivision
        • Deca Homes Indangan Subdivision Davao
        • Hidalgo Homes Subdivision Davao
        • Cambridge Heights
        • Villa Alevida
      • South of Davao >
        • Twin Palms Residences
        • Crestview Homes Davo
        • Villa Monte Maria Davao
        • Villa Señorita Subdivision
        • Granville Subdivision Davao
        • Greenwoods Subdivision Davao
        • Villa Mercedita Subdivsion Davao
        • Deca Homes Mintal Subdivision Davao
        • Bambu Estate Subdivision
        • Bellavita Subdivision Davao
        • Grace Park Subdivision
        • Luna Residences Davao
        • South Villas Heights 2
        • Villa Kareena
        • Villa Constancia Homes
        • Elenita Heights
        • Granville 3 Subdivision Davao
      • Samal Island >
        • Holiday Ocean View
      • Digos City >
        • Villa de Salvacion Residences
      • Tagum City
    • Condominium Projects >
      • Low Cost
    • Private Residential
    • Commercial Properties
    • Agricultural Properties
    • Industrial Properties
    • Rawlots
    • Memorial Properties
    • Foreclosed Properties
  • List Your Property
  • Referral
    • Refer A Buyer
    • Refer A Property
    • Refer A Seller
  • Join Us
    • Be a Real Estate Agent
    • Be a Sales Manager
  • Contact us