PASALO CONDO | How to Assume Balance Condo (Documents & Process)

CONDO PASALO!!! ASSUME BALANCE! BELOW MARKET VALUE! SACRIFICE SALE!

In this video, you can learn how to sell or buy condo pasalo without a real estate agent.
I'll talk about the following:

INTRO 00:00

✔️ What is pasalo condo? 1:37

✔️ Condo Pasalo Process for Selling Condo that is in downpayment period (or balance) with Real Estate Developer 2:50
1. Determine condo's market value
2. Determine real estate developer's transfer fees
3. Sell your condo
4. Execute a Deed of Assignment and Transfer of Rights
5. Submit real estate developer requirements and pay the transfer fee
6. Receive balance after the transfer or release of Notice of Approval

✔️ Transfer fee price range 4:40

✔️ Condo Pasalo Process for Buying Condo that is in downpayment period (or balance) with Real Estate Developer 7:13
1. Ask for a copy of the Contract to Sell and a copy of the updated Statement of Account
2.Pay at least 50% of the selling price
3. Execute a Deed of Assignment and Transfer of Rights
4. Submit real estate developer requirements to the seller
5. Wait for the release of the New Contract to Sell

✔️ Condo Pasalo Process for Buying/Selling Condo with an assumption of loan balance 10:07
1. Determine if Loan is Assumable
2. Execute a Deed of Assignment and Transfer of Rights
3. Submit a Notice of Assignment of Contract
4. Wait for Written Consent of Loan Provider
5. Deed of Sale with Assumption of Mortgage
6. Waiver of Relinquishment of Rights

✔️ TIPS for Condo Pasalo Buyer 11:57

✔️ Condo Pasalo Process with Internal Agreement Only 13:30

✔️ Risk in Buying Condo Pasalo with Internal Agreement Only 14:40

✔️ Risk in Selling Condo Pasalo with Internal Agreement Only 15:17

✔️ Process of buying a condo with a loan that is not assumable 15:45

Me-An Clemente (PRC Licensed Real Estate Broker accredited with different developers)
PRC REBL No. 0021476
📱 0976 003 5684 (Mobile/ Viber)
📧 ownpropertyphilippines@gmail.com
📷 Personal Instagram: http://instagram.com/curlymean
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#OwnPropertyPH #PasaloCondo #RealEstateInvesting

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