Real estate properties yield high ROI; it is no wonder that real estate is considered as one of the most expensive among all investments. However, for those who want to score properties that are below the market value to save money yet get the same high ROI, it is best to choose foreclosed properties for sale.
What exactly are foreclosed properties? These are properties that the original buyer failed to pay for during the allotted time set by a financial institution. These properties are then opened for bidding or are sold below market value as an “as is, where is” product. Depending on your capabilities, you can pay for it by cash, short-term installment, or long-term installment. If you want to own a property whose value appreciates, it is best to go for foreclosed properties for sale in Metro Manila. Because of their prime location, the value of these properties is sure to increase, so you can rent out these properties or even resell them at a higher price.
Foreclosed properties for sale in Metro Manila can come as a house and lot, condo unit, lot, or commercial space. These properties are close to essential establishments found in the metro. Malls near these foreclosed properties include:
Alabang Town Center
Power Plant Mall
SM Aura Premier
SM City North EDSA
SM Mall of Asia
Educational institutions found in Metro Manila include:
Ateneo de Manila University
University of Asia and the Pacific
De La Salle University-Manila
Polytechnic University of the Philippines
University of the Philippines - Diliman
University of Santo Tomas
Medical institutions in Metro Manila include:
Chinese General Hospital and Medical Center
Jose R. Reyes Memorial Medical Center
Manila Doctors Hospital
Philippine General Hospital
Makati Medical Center
National Kidney and Transplant Institute
St. Luke’s Medical Center
Foreclosed houses and lots for sale in Metro Manila have two to six bedrooms. Some of these are located inside exclusive subdivisions and are offered in the market for PhP 2,050,000 to PhP 135,000,000. Do you prefer a condo unit? You can find units with one to three bedrooms that cost anywhere between PhP 2,205,000 to PhP 14,140,000. For investors looking for foreclosed commercial properties for sale in Metro Manila, you can buy a 2148-square meter commercial space for PhP 217,309,400 in Lancaster Hotel, Shaw Boulevard, Mandaluyong City. If you are interested in purchasing a versatile real estate property, go for a 379-square meter foreclosed lot for sale in Bagong Silangan, Quezon City that has a price tag of PhP 7,201,000.
Yes. But make sure to inspect the property before sealing the deal. Include the cost of any repairs or renovation needed and add it to the total price of the property to determine if it is worth chasing the property or not. It is best to score a property in tip-top shape or just needs minimal repairs sold below the market price. These properties are sure to increase over time. And the better you maintain these properties, the higher the chance of you leasing them or reselling them at a higher price.
Most people would go to the metro to look for greener pastures. If you choose to reside in the foreclosed residential property you purchased in Metro Manila, you can work in one of the local or international companies based in the CBDs of Makati, Ortigas, Taguig, Quezon City, and Pasay.
Yes. You can purchase foreclosed houses and lots in the city for PhP 3,702,000 to PhP 135,000,000.
Are there foreclosed properties for sale in Muntinlupa?
Yes. Here you can find foreclosed houses and lots for sale for PhP 4,070,000 to PhP 7,220,000.
Are there foreclosed properties for sale outside Metro Manila?
Yes. All you have to do is visit MyProperty.ph and search for a foreclosed property in a location you prefer.