The One Thing I’m Most Grateful for in 2017

Looking back at the past year, there are so many things that I’m grateful for. So many blessings that I thank the Lord for. My mom came home after years of living in the US, the wedding of Alec (my brother) and Anj, our family reunion, Jong’s marriage proposal, we put up our 2nd branch of Gamers Enclave, our growing Truly Wealthy Team, our expanded Truly Wealthy office (we now take up an entire floor)… And the list goes on.

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And yet, if there’s one thing I thank the Lord for most in 2017, it was my mom’s total acceptance of Christ as her Lord and Savior. You see, although we come from a Catholic background and we knew of Jesus. We didn’t really “know” him. Not in the real sense of the word. My mom is a worrier. She worries about all sorts of things – even things that she doesn’t really even need to worry about. And because of that she gets stressed out.

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Being a Christian is not about religion. It simply means that you are a follower of Christ. Being a Christian means trusting Him fully and surrendering everything in you – all your worries and fears – to Him.

And so I stared to pray that my mom would fully surrender her life to Christ and join a Discipleship group. Being part of a D-Group would allow her to have a spiritual family to grow with and be accountable to.

When she came back home in Iligan, I tried to encourage her to join a D Group at CCF but she was resistant at first, saying that she wasn’t ready and that I shouldn’t “force” her. It’s ironic, but it’s often easier to invite other people to join a bible study group. So I stopped encouraging her but continued to pray about it instead. Then one day, during church service, we met Tita Susan. She was very friendly and after finding out that mom didn’t have a D Group yet, she asked for her number and continuously texted and called her. After months of non-stop texting/calling, my mom finally relented and agreed to have coffee with her. And the rest is history.

wmbiblestudyPhoto from floodgatechurch.com

Now my mom regularly attends her discipleship group meetings once a week. We actually have the same Dgroup schedule which is every Thursday. She also started doing daily quiet time. I can see how she has grown spiritually. She doesn’t get worried as much anymore and is now more dependent on God for guidance and strength.

When you truly know the Lord, you really don’t need to worry about anything. Your future is in his hands and he has promised to take care of it. The bible has so many promises that you can hold on to.

Do not be anxious about anything, but in every situation, by prayer and petition and thanksgiving, present your requests to God.  And the peace of God, which transcends all understanding, will guard your hearts and your minds in Christ Jesus.
-Philippians 4:6-7

I have acknowledged that Christ is the source of everything and He is all that I need. Everything else is just a bonus.

May you live a Truly Wealthy life.

Alex Zeta

PS.
If you want to join a discipleship group, feel free to contact me. I promise that you won’t regret it.

Alexander’s Truly Wealthy Story: Lot Sold in Less than 2 Months

Real estate is quite a noble profession. As a realtor you have the opportunity to help hundreds of people, not only with their real estate needs, but with their other needs as well. Alexander is an old schoolmate of mine. He reached out to me in November last year to list his lot in Vista Verde. Like me, he was getting married this year, and he wanted to use the proceeds of the sale for his wedding.

cagayan de oro lot for sale + alex zeta real estate broker

The challenge here was that Alex was based in the UK so I had to communicate with him mainly online. I explained the whole selling process as well as the taxes and fees to be paid. The good thing was he was able to come home briefly for the Holidays so I was able to advice him to get an SPA done authorizing his mom to transact on his behalf in the event that the lot would get sold. You see, if a seller is based abroad, then the SPA has to be consularized. This can be a bit of a hassle on the part of the seller especially if the embassy is a long way from where he/she lives. If the seller, however, is in the Philippines at the time the SPA is made, then he can have it notarized – it’s easier and more convenient.

cagayan de oro lot for sale + real estate broker alex zeta

Sure enough, just a few weeks after his return to UK, I was able to show his lot to a buyer (Sir Jess) and after a brief negotiation, the deal was closed. Now Sir Jess’ son (Jet) owns a lot in Vista Verde Village for his future family and Alexander has the funds he needs for his wedding. It’s a win-win. I believe true success comes from finding win-win solutions and making everybody happy.

5 star all the way.
-Alexander

Alexander was able to sell his lot less than 2 months after listing it with Truly Wealthy Realty because of the following formula: Right pricing + right marketing + competent real estate broker.

Successful negotiation is not about getting to “yes”; it’s about mastering “no” and understanding what the path to an agreement is.
– Christopher Voss

So how do you know if your price is right? Set a meeting with the best real estate broker you know and avail of a Property Market Analysis. In setting a selling price, you can’t just pick a number out of thin air (some owners seem to do this). There has to be a basis for your pricing. A good broker will run you through the process on how to set a fair selling price.

What about you?

Who is a person you know who is selling their property but hasn’t had any inquiries yet?

Please send me an email with their name and situation. I promise they’ll get the excellent service they deserve.

Alex Zeta
Real Estate Broker
Phone: 0917 851 2752
Email: TrulyWealthyAlex@gmail.com

Jess’ Truly Wealthy Story: New Lot Owner in Vista Verde

What I love about being a real estate broker is the time freedom and flexibility it gives me. Even though I’m not in CDO, I can still talk to clients and work on deals. I was first able to talk to Sir Jess when I was back home in Iligan City for the Holidays. It was December 30 and we were busy preparing for the new year when Sir Jess called to inquire about a listing I had in Vista Verde. He wanted check out the lot then but since I was still in Iligan, we agreed to meet instead on January 3.

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It was my first site tour for 2018. I had been in Iligan since Dec 23 and I was itching to get back to work. I really enjoy my work as a real estate broker and so as much as I loved the holiday break, I was excited to get back into the swing on things.

cagayan de oro lot for sale + alex zeta real estate broker

I showed Sir Jess the lot and he liked it immediately. His son was actually the buyer but he would be helping out with the payment. I walked him through the sales process, explained the taxes and that was when he decided to put in an offer for the lot. He reached an agreement with the seller and the deal was closed.

Alex is a great advisor, open minded, quick to entertain and make suggestions, a diligent worker and very patient with us. 
– Jess

Now his son, who is only in his 20’s, is a proud lot owner in Vista Verde Village. I’m happy to have been able to help them acquire this lot at a good deal. The best reward in being a real estate broker is the happiness of the client with his or her purchase.

The best way to find yourself is to lose yourself in the service of others. 
-Mahatma Gandhi

Who is a person you know buying their first home – could be a renter or a son/daughter of a friend?

Please send me an email with their name and situation. I promise they’ll get the excellent service they deserve.

Alex Zeta
Real Estate Broker
Phone: 0917 851 2752
Email: TrulyWealthyAlex@gmail.com

VLOG: How to Buy a House in 5 Steps

The common misconception that many buyers have is that buying a home is a long and complicated process. I’ve been a real estate broker for over 5 years now and I can say that it doesnt need to be. Investing in real estate is a simple process. Here’s a vlog on how to buy a house in 5 steps. Enjoy!

 

How You Can Buy a House Without Paying a Huge Downpayment

The common misconception that first time home buyers have is that buying real estate is expensive. And they have a point. The sums of properties go well into millions. And so in order to make a real estate purchase, you must have a lot of cash, right? Well, it depends. There is a way that you can buy real estate without having to shell out a sizeable initial amount. The keyword here is financing.

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When it comes to real estate investing there are different financing schemes that you can choose from. Before I tell you how exactly you can buy a house without paying a huge downpayment, let me share to you the other types of financing so you can really compare and put things in perspective. I’ve listed down the 4 different types of financing and you can check out which one fits you best.

1. Cash. 
The pros of a cash transaction are that you can close a deal more swiftly since the buyer already has the money ready plus have more negotiating power. Sellers are usually more inclined to give a discount to cash buyers since they get to be paid faster. In addition, since you won’t be getting a loan, you can save on the interest.
The con is that you’ll have to prepare the amount needed up front.

2. Deferred cash. 
This payment scheme is usually available if you buy property directly from a developer. It’s similar to cash except that the total amount is payable over a span of 12-24 months at 0% interest. The advantage here is that you don’t need to pay interest. But the disadvantage is that you’ll be paying a hefty sum each month because of the short term. This is ideal if you have a huge monthly income that can cover the needed amount per month.

3. In-house financing.
This is usually offered by developers to clients who either have lacking bank/HDMF requirements or don’t have the time to process their loan application at the bank or HDMF (Housing Development Mutual Fund or Pag-ibig). The requirements are basically similar to bank financing but the interest rates are higher compared to the bank/HDMF. They go as high as 15-19%. Usual bank interest rates today range from 6.88-10%, depending on the loan term.  I don’t recommend In-house financing to my clients due to the high interest rate.

4. Bank/HDMF Financing.
Now this is where you get to buy a house with very little amount down. If you invest in a property via a developer in a project that is still pre-selling, the amount that you’ll need to pay first is only the equity or the downpayment. This is around 20% of the total purchase price. The equity is usually payable over a period of 12-24 months. Some developers even allow 36 months to pay off the equity.

For example, you buy a house that is worth 2M. This would be the computation:

Total contract price: 2M
Downpayment (20%):  400,000 or 16,666/month for 24 months at 0% interest
Bank (80%) :               12,289/month for 20 years (6.88% interest)
*1.6M loanable amount

The time it takes to build a house for projects that are pre-selling is around 4-6 months. Some developers even take 9 months to a year. So during this time, you’ll only be paying for the equity. Some developers don’t allow double amortization. This means that they will allow you to pay off the downpayment first before you start to pay the bank. So it’s actually better for the buyer since the monthly payable would be a manageable amount.

With financing, you won’t need to pay a hefty downpayment (unless you want to) because you have the option to spread the downpayment over 12-24 months. And for the balance, you can spread it over 15- 20 years. The maximum bank term for a house and lot is 20 years, while for lot only is 15 years. HDMF offers a 30 year term but they have more requirements compared banks.

Investing in a property is a very simple and yet technical process. There are a lot of things you need to consider and financing is only one of them.If you want a more in depth explanation of the different types of financing, feel free to contact me for a property consultation.

Who is a person you know buying their first home – could be a renter or a son/daughter of a friend? Please send me an email with their name and situation. I promise they’ll get the excellent service they deserve.

May you live a Truly Wealthy life.

Alex Zeta
Real Estate Broker
Phone: 0917 851 2752
Email: TrulyWealthyAlex@gmail.com

Are you interested to try real estate as a career? Please send me an email or call me at 0917 851 2752 – we’d be happy to have you as part of our growing team. We’ll train and coach you into being the best Real Estate Agent you can be. You may check our official website – http://www.trulywealthyrealty.com

4 Reasons Why I Like This 4 Bedroom House in Xavier Estates

When I first started out as a real estate broker, I had no experience, very few connections and very little money. But I still went ahead because I felt like this was the career for me. It was exciting and fun. I had the freedom to work whenever I wanted to – which as it turned out was most of the time as I enjoy it so much I don’t even see it as work.

real estate broker cagayan de oro

The challenge when you’re starting out is that you need to put in maximum effort. I was 24 when I started my real estate career and so my friends (who were mostly my age) didn’t have enough money yet to invest in real estate. Most of my relatives where in Iligan, so I had to look for CDO based clients. Sales is tough when you’re starting out. But when you hang in there, it will get easier. Now, I get quite a few referrals from old clients. People now PM me randomly on Facebook to inquire about real estate investments in CDO.  It becomes easier because as  time goes by, you build your credibility and reputation in your industry. You improve and slowly master your craft. What used to be such a struggle now becomes second nature.

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This 2 storey house in Xavier Estates was referred to me by a client of mine. When I checked the house there were immediately 4 things that caught my attention. Here are 4 things I like about this house.

First, the open floor plan. When a house has too many partitions, it will make the space seem smaller than it actually is. An open floor plan, on the other hand, will make a house look large and spacious. The 3 main areas of the first floor of this house – the living room, dining area and kitchen – just seemed to flow into each other creating a spacious feel.

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Second, the big lot area. The usual cut in Xavier Estates Phase 4 is 150 sqm. This house is a 250 sqm. Another added bonus is that it’s on the main road which is wider than inner roads.

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Third, the front yard. Most houses in Xavier Estates take up the entire lot area leaving no space for expansion or for a front yard. What I like about this house is that the owner built on one side and left space in front of the house for a front yard. Now, what can you do with a front yard? Well you can always put a little garden in front or perhaps tables and chairs that you can use for weekend barbecues with the family.

The-suburban-dad-grilling-for-his-familyPhoto from gentlemansgazette.com

Fourth, the competitive pricing. A house with specs like these usually go for 7.5M- 9M depending on the finish as well as the lot and floor area. So at 6.5M, this can be considered a good buy already. Remember that it has a lot area of 250 sqm and a floor area of 197 sqm. Plus 4 bedrooms and 2 toilet and baths.Plus it’s located in Xavier Estates, one of the best subdivisions in Cagayan de Oro.

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I still think buying a home is the best investment any individual can make.
– John Paulson, Investor, Hedgefund Manager

For more details on the house, click here:  Truly Wealthy Realty 4 Bedroom House

Who is a person you know buying their first home – could be a renter or a son/daughter of a friend? Please send me an email with their name and situation. I promise they’ll get the excellent service they deserve.

May you live a Truly Wealthy life.

Alex Zeta
Real Estate Broker
Phone: 0917 851 2752
Email: TrulyWealthyAlex@gmail.com

Are you interested to try real estate as a career? Please send me an email or call me at 0917 851 2752 – we’d be happy to have you as part of our growing team. We’ll train and coach you into being the best Real Estate Agent you can be. You may check our official website – http://www.trulywealthyrealty.com

 

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