Other Best Posts in Thread: Bacong vs Valencia

If that is the house I'm thinking it is 1.5klms from the Plaza and near Tehero? the Guy is from Trumpistan and has to be excused if he has put an inflated price on it, still I do not understand a house and lot for sale and the price of the land is given? In my guesstimation the land in that area will be worth a half million for 250sqm and the small A frame house around 1 million, being a brand new build I would expect it to go for 2 Mill in total, some may pay more as it is a quaint little house, bear in mind this is just my personal opinion.

 

Is this a mistake or misprint, I bought land recently in Valencia 1.2klms from the Plaza for P2K a sqmtr, closer to town the price is nearer to P3k, even as much as 5K within 100mtrs of the park. I am considering to sell this land I bought but not definite about that?

 

Be carefull with property in Valencia, some people think its worth 17,000 sqmtr. Also get your builder to get the permits, they know who to talk to and get it done quickly..

 

i lived there for a year. nothing to do with real estate but most of what i heard was negative about the political environment

 

My wife and I (Filipina & Foreigner) are considering buying a lot in Bacong and building a house there. However, when we told a married couple (Foreigner & Filipina) of our plans, they warned us Bacong is difficult to deal with regarding building permits, etc. Their experience was so negative, that they eventually sold their lot in Bacong and bought a lot and built in Valencia, where their experience was much better from day one. This of course caused us to be concerned about building in Bacong, but before changing our plans, we wanted to first ask those within this forum (who have built in Bacong or Valencia) what they experience was like, to see what the consensus opinion might be.

 

Most of the BPO industry is foreign owned. The BPOs are allowed to be foreign owned because they operate in the "foreign market". They serve customers in foreign countries. Qualfon is the largest BPO employer here in Dumaguete and they are owned by a Mexican national.

 

Virtually all land is quoted as "per square meter." One hectare, 10,000 sqm, is 2.54 acres, so 1000 sqm is about a quarter acre If it's an existing house, it should show house size and lot size separately, but quoted as one total price or price per sq meter of the land area (my 6 yr experience only, maybe wrong)

Many lot owners will never ever negotiate more than a tiny fraction. Most of them are owners who inherited the land and the cost basis is a couple pesos. Their taxes are a few pesos, and they think the lot is worth thousands of pesos per sqm and have no qualms holding on for decades. Lots of land for sale 5 yrs ago is still for sale. If you keep looking you can find your dream, like a large lot for under 500 per square, which is probably pretty high up the mountain or far from town centers. I've also seen owners stretch payment for 5 years rather than accept a smaller single cash payment. Time value of money is a sorta foreign concept, like a dusty faucet on a hardware store shelf for a decade because the owner refuses to discount it. So much for a "bubble"...

And I shocked, truly shocked, that people will hand over hundreds of thousands of pesos, or even millions, without seeing a clean deed or having a licensed survey. A really clean deed is a single owner, alive, present at the sale, with lawyer-cleared documents of transfer ready to submit to the Register of Deeds. I know there are exceptions, but probably rare. I saw one lot with an ancient deed having 5 owners, several dead or missing, asking 3000 per.....

 

Actually, from the perspective of an economist, M2 and M3 are both measures for the amount of money in circulation in an economy, and I'm sure there are more M2's and M3's around besides the motorways and square/cubic meters