- Setting Priorities
- September 25th, 2010
Today, E and I drove all the way south to check a property. We found out about it from a friend and got interested because a) of low price compared to properties here in Manila; b) affordable payment scheme for the down payment; and c) reputable developer (Ayala Land). Being new to this, I called two of my friends yesterday who already have experiences buying a property. Some of the things that I found out are: a) Pag-Ibig financing is definitely cheaper (has lower interest rate) than bank financing; b) original titles are given once you fully pay the loan (in Pag-Ibig's case, they will give you a photocopy of the title after a certain number of payments and the original title will be given at the end of the term), c)I need to ask when the place will be fully developed; d) I need to ask about payment schemes.
I really enjoyed our first experience of visiting a potential property. First of all, I don't really have intentions of living there that's why I didn't care if it was located at the far south. I just want a property that I can call an/our investment. I have other plans for the future but that well . . . .is another story. The subdivision is strategically surrounded or near the industrial park with its plants and factories. I must admit that I was already day dreaming earlier of just applying for work there IF I decide to live in the area. The subdivision was still under development and the first sector is expected to be complete by end of December. We just visited model houses earlier. So far, I really like what I saw and I was already set in buying their single home unit (with garage and house of 2 floors). Our broker/sales agent was really nice and helpful. I especially love that he was not pushy like other sales agents. Of course, he was convincing us to reserve already BUT I like it when he didn't try to convince us more when E and I decided that we'll think about it first. Actually, if it was me, I would have paid the reservation fee already earlier but E said that it's better if we look for other places for comparison. He may be right, I may be impulsive. And now, I'm excited to check other places already.
I also realized today that this is really a BIG step. What I liked about this property is that it has affordable payment schemes. Although, even if it is affordable (with the help of Pag-Ibig) I have to consider that some of our priorities need to take a back seat if we are going to push through with buying this property. For example, with this investment and with our goal to work abroad, a church wedding of at least 300K may not be feasible. Though on that part, I'm not at all worried. After all, lavish wedding is the last thing I want.
I also realized that if we say yes to this, E and I can't afford to lose our jobs. And God knows how badly I want to leave my current job. If I do that, I can't afford to settle for getting any amount that is lesser on what I am already receiving.
Here's where we have to set our priorities. I have to remind myself about the 'we' part though. I tend to have things my way. LOL.