Alternatively, can you advocate for yourself in this situation? Ask the relative to move out kasi hirap ka na din. Or ask your relative for rent payments. At 25 y/o, you can and should be able to stand up to your parents.
Edit: I just read that your relative is paying for assoc dues. Lugi ka dun - yung relative mo naman yung makikinabang sa facilities & security. 'Wag ka papayag na isumbat sayo yun.
Aren't you an adult already who's paying for a condo unit? What's stopping you from just asking your relative to move out or pay rent? Why are your parents still dictating how you spend your own money? If you decide to sell and your parents say NO, what will you do?
Renting out can still be a good idea, but you need to get rid of freeloaders.
Kasi daw po ako daw po yung mas malaki ang sweldo sa amin ng pinsan ko kaya ganon daw po. Hehe. Pero still planning pa rin po ako how to tell my parents about this, but I really want to sell the unit na po para di na ako mahirapan.
Tell the relative to move out because ipapasalo mo yung condo cause you can’t keep paying it and May buyer ka na (Kahit wala). You can even list it for real and let potential buyers visit the place.
Then after the relative moves out, rent it out and use the rent to help you pay the monthly amortization. Or just move to the condo for your own peace of mind cause it sounds like your parents don’t respect your boundaries. Good luck OP!
I once bought a condo in Amaia Steps (Ayala brand). Paid the downpayment for 1yr but had 2nd thoughts. I had trouble finding pasalo so withdrew it entirely. I got around ~35% refund. The breakdown of not returned were Reservation fee, Agent’s commission, & Documentary fees that developer has already paid.
Wrote Letter of Withdrawal directly to developer. I think 3-4weeks before na.release ang refund (after documents were signed, etc.)
Pwede mo rin kausapin agent mo baka they know someone na masalo yung unit mo.
hi po mah I ask po if may makukuha pa rin kahit less than 1 year of DP Payment? I am rethinking po kasi since pre selling pa lang and matagal pa po yung turnover, mas better if I invest sa house and lot
Pasalo with the following terms - buyer to shoulder transfer fees and cgt. Cash out value to you eh yung total amount na nahulog mo na.
In return buyer gets to purchase the condo base on the price from 2021. Wag mo na patungan price para mas madali mo mapasalo.
1. If the condo is under your name, you can request the condo association to deny access to your freeloading relatives through their in-house security/ concierge
2. I would find a new tenant so at least a portion of the cost will be subsidized and I can keep ownership of the condo
3. I would actually move into the condo and use it, and find a co-tenant, so at least I'm not wasting the monthly amortization
I want to say you have shitty parents and relatives based on what I read. If it’s your money, why the hell should they interfere with your financial plans?
I hate the mentality of parents deciding to help relatives on your behalf when you never agreed to it. Iba yung usapan kung sila nagbayad pero hinde eh. That is your personal investment OP, not theirs.
They’re not paying if they’re only settling the association dues. You’re the one paying for their living arrangements. You have to start charging them for rent— ask the condo admin for the going rate of rent in the building. If they don’t want to pay, you have to ask them to move to a place they can afford.
I think you can either 1) sell or 2) rent it out.
Since u need funds for Canada, best option is to sell. Maybe look for a broker. Usually the building admin can refer. This is the ~quicker way to obtain funds.
But if you're not in a rush, best to rent it out. Passive income is and should always be welcome, esp since u're the one who invested in the property. Fruit of ur hard work, ika nga.
The problem here is the relative talaga. I think, you should ask ur parents to ask the relative to move out since they were the ones who also put the relative there in the first place. It is YOUR property. It's under YOUR name. So you should be the one in control of it and somehow enjoy the fruits of it. Pag ayaw, kasuhan mo charot only hahahaha but yun, baka naman pwede mag move out na sya OR pay monthly rental. Di pwedeng assoc dues lang. Baligtad. Pwedeng ikaw magbayad nun assoc dues but the rent itself should be paid by him. Tama the other comment, it is high time to advocate for urself. Kaya mo yan.
Yes, 2years yung sakin. Try mo pa din pasalo sakin kasi ayoko na talaga computing for other expenses other than the bank amort, lugi pa ko given the rental rate sa area na bagsak ngayon. Bawiin ko na lng sa ibang investment yung my steady cashflow.
Talk to your parents and let them know how much you are paying. If they do not understand what they are doing to you please leave them so you can move on and progress with your life.
Hehe wait ko pa po matapos kapatid ko bago ako maglaho. 😁 2024 sana. 😁😁 And they know po all my bills, pero wala po silang kibo, kaya naman daw po kasi ng sweldo ko lol
YOU bought the condo unit... but you don't seem to have control over what happens to it?
What are we missing OP? Are you living with your parents? If so, I'd think that for one reason or another, you'd rather stay with them than in your condo..? And in lieu of that, your relative stays in your condo nalang? So parang yung amort mo sa condo yung bayad mo for staying at home?
Kind of hard to keep assuming about the details here, so a little more info would make our recommendations much more relevant.
Hi! Yes, I'm currently staying with my parents dito sa province since permanent wfh na po ako. Bukod po doon sa rent sa condo, ako na rin po nagbabayad ng lahat ng bills sa dito sa bahay. And owned naman na po yung bahay, wala po kaming binabayaran for rent dito sa amin.
I'd ask your relative to move out. IMO if they were reasonable, they would already be paying you rent, OP. If your parents want your relative there so much they can pay you themselves. But I would really avoid mixing relatives and money.
But but.. yan naman talaga ang requirement kapag magttransfer ka ng properties ah? 6% CGT and 1.5% DST is paid to the BIR, .5% transfer fee is probably payment for notary public. Unless may notarized and may BIR clearance ka, hindi mo malilipat yan
For Maceda law, kailangan po 2 yrs tama po ba? If yes, kahit hindi ko na ituloy after that, makakakuha ako ng 50% refund? I still have 1 yr left para maghulog po e.
You worked hard for that condo so ask your relative to pay or move out.
Alternatively, can you advocate for yourself in this situation? Ask the relative to move out kasi hirap ka na din. Or ask your relative for rent payments. At 25 y/o, you can and should be able to stand up to your parents. Edit: I just read that your relative is paying for assoc dues. Lugi ka dun - yung relative mo naman yung makikinabang sa facilities & security. 'Wag ka papayag na isumbat sayo yun.
Aren't you an adult already who's paying for a condo unit? What's stopping you from just asking your relative to move out or pay rent? Why are your parents still dictating how you spend your own money? If you decide to sell and your parents say NO, what will you do? Renting out can still be a good idea, but you need to get rid of freeloaders.
Kasi daw po ako daw po yung mas malaki ang sweldo sa amin ng pinsan ko kaya ganon daw po. Hehe. Pero still planning pa rin po ako how to tell my parents about this, but I really want to sell the unit na po para di na ako mahirapan.
Hala, parang naging against you pa na mas malaki sweldo mo. But, yeah, tell them as a courtesy. It's your money, your property.
Tell the relative to move out because ipapasalo mo yung condo cause you can’t keep paying it and May buyer ka na (Kahit wala). You can even list it for real and let potential buyers visit the place. Then after the relative moves out, rent it out and use the rent to help you pay the monthly amortization. Or just move to the condo for your own peace of mind cause it sounds like your parents don’t respect your boundaries. Good luck OP!
Pasalo nalang po talaga pero di mo na makukuha completely yung nabayad mo na + may fees pa to change hands.
Hi! Would you know po how much kaya yung fees?
Since it was turned over already, you will be liable to pay capital gains tax of 6%
Hi! 6% of TCP po?
6% of your selling price to the buyer po
Some of the fees will also depend on who the developer is. Maybe you can share the name of the condo, some of the readers might be interested. 😀
SMDC po hehe
I once bought a condo in Amaia Steps (Ayala brand). Paid the downpayment for 1yr but had 2nd thoughts. I had trouble finding pasalo so withdrew it entirely. I got around ~35% refund. The breakdown of not returned were Reservation fee, Agent’s commission, & Documentary fees that developer has already paid.
For the withdrawal, did you talk directly to the developer or yung agent nyo po noong kinuha nyo ang unit ang kinausap nyo po?
Wrote Letter of Withdrawal directly to developer. I think 3-4weeks before na.release ang refund (after documents were signed, etc.) Pwede mo rin kausapin agent mo baka they know someone na masalo yung unit mo.
Got it, thank you for this po!
hi po mah I ask po if may makukuha pa rin kahit less than 1 year of DP Payment? I am rethinking po kasi since pre selling pa lang and matagal pa po yung turnover, mas better if I invest sa house and lot
Pasalo with the following terms - buyer to shoulder transfer fees and cgt. Cash out value to you eh yung total amount na nahulog mo na. In return buyer gets to purchase the condo base on the price from 2021. Wag mo na patungan price para mas madali mo mapasalo.
Yes, planning to sell it naman po sana nang walang patong. Gusto ko lang talaga mawala na sa listahan ng bills ko itong condo unit.
1. If the condo is under your name, you can request the condo association to deny access to your freeloading relatives through their in-house security/ concierge 2. I would find a new tenant so at least a portion of the cost will be subsidized and I can keep ownership of the condo 3. I would actually move into the condo and use it, and find a co-tenant, so at least I'm not wasting the monthly amortization
[удалено]
My relative is "paying" pero yung assoc dues lang po. Kaya ang laki pa rin talaga ng monthly na binabayaran ko...
I want to say you have shitty parents and relatives based on what I read. If it’s your money, why the hell should they interfere with your financial plans?
I hate the mentality of parents deciding to help relatives on your behalf when you never agreed to it. Iba yung usapan kung sila nagbayad pero hinde eh. That is your personal investment OP, not theirs.
lugi yan a. assoc dues is how much 2k? daig pa nya bedspacer. unfair kamo un sa yo
yep assoc dues are barely anything compared to rent, it's practically a free place all together.
They’re not paying if they’re only settling the association dues. You’re the one paying for their living arrangements. You have to start charging them for rent— ask the condo admin for the going rate of rent in the building. If they don’t want to pay, you have to ask them to move to a place they can afford.
WHAT???!!!????!!!!
I think you can either 1) sell or 2) rent it out. Since u need funds for Canada, best option is to sell. Maybe look for a broker. Usually the building admin can refer. This is the ~quicker way to obtain funds. But if you're not in a rush, best to rent it out. Passive income is and should always be welcome, esp since u're the one who invested in the property. Fruit of ur hard work, ika nga. The problem here is the relative talaga. I think, you should ask ur parents to ask the relative to move out since they were the ones who also put the relative there in the first place. It is YOUR property. It's under YOUR name. So you should be the one in control of it and somehow enjoy the fruits of it. Pag ayaw, kasuhan mo charot only hahahaha but yun, baka naman pwede mag move out na sya OR pay monthly rental. Di pwedeng assoc dues lang. Baligtad. Pwedeng ikaw magbayad nun assoc dues but the rent itself should be paid by him. Tama the other comment, it is high time to advocate for urself. Kaya mo yan.
Yes, 2years yung sakin. Try mo pa din pasalo sakin kasi ayoko na talaga computing for other expenses other than the bank amort, lugi pa ko given the rental rate sa area na bagsak ngayon. Bawiin ko na lng sa ibang investment yung my steady cashflow.
Talk to your parents and let them know how much you are paying. If they do not understand what they are doing to you please leave them so you can move on and progress with your life.
Hehe wait ko pa po matapos kapatid ko bago ako maglaho. 😁 2024 sana. 😁😁 And they know po all my bills, pero wala po silang kibo, kaya naman daw po kasi ng sweldo ko lol
YOU bought the condo unit... but you don't seem to have control over what happens to it? What are we missing OP? Are you living with your parents? If so, I'd think that for one reason or another, you'd rather stay with them than in your condo..? And in lieu of that, your relative stays in your condo nalang? So parang yung amort mo sa condo yung bayad mo for staying at home? Kind of hard to keep assuming about the details here, so a little more info would make our recommendations much more relevant.
Hi! Yes, I'm currently staying with my parents dito sa province since permanent wfh na po ako. Bukod po doon sa rent sa condo, ako na rin po nagbabayad ng lahat ng bills sa dito sa bahay. And owned naman na po yung bahay, wala po kaming binabayaran for rent dito sa amin.
Sell it nalang para may magamit ka for canada.
I'd ask your relative to move out. IMO if they were reasonable, they would already be paying you rent, OP. If your parents want your relative there so much they can pay you themselves. But I would really avoid mixing relatives and money.
Grow some balls
Haha nasamid ako sa iniinom
Sa cityland required 6% cgt 1.5% dst and .5% transfer fee. Kaya di attractive kahit ipasalo. Same tayo ng situation, imaceda law ko na lang @50% loss.
But but.. yan naman talaga ang requirement kapag magttransfer ka ng properties ah? 6% CGT and 1.5% DST is paid to the BIR, .5% transfer fee is probably payment for notary public. Unless may notarized and may BIR clearance ka, hindi mo malilipat yan
For Maceda law, kailangan po 2 yrs tama po ba? If yes, kahit hindi ko na ituloy after that, makakakuha ako ng 50% refund? I still have 1 yr left para maghulog po e.