* survey of lot 4126 and 4127 so we can fence it and give us more options to monetize (sell/plant crops/haul clay, relocate squatters from the prime lots (3816,3816,3820), etc ...) ~ P600k
* survey of lot 4126 and 4127 so we can fence it and give us more options to monetize (sell/plant crops/haul clay, relocate squatters from the prime lots (3816,3816,3820), etc ...) ~ P600k
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i will try to apply for development permit on our 4126 just in case the contractor backs out in the hauling of clay we will just do it ourselves. this is a contingency plan in case we can't sell a property at least we have cash flow for the property taxes and other expenses. maldo is currently asking the owners of the properties along the existing road that goes to our lot 4126 (entrance near the mormon church) how much toll fee they will be demanding if we use that road to haul clay. when i was there last friday, one of the owners said the standard fee is P8 per truck. once i get the total from maldo, i can compare it with the estimate cost of building a road from lot 4130 and if it's cheaper, we might as well use the existing road and pay the toll fee.
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i will try to apply for development permit on our 4126 just in case the contractor backs out in the hauling of clay we will just do it ourselves. this is a contingency plan in case we can't sell a property at least we have cash flow for the property taxes and other expenses. maldo is currently asking the owners of the properties along the existing road that goes to our lot 4126 (entrance near the mormon church) how much toll fee they will be demanding if we use that road to haul clay. when i was there last friday, one of the owners said the standard fee is P8 per truck. once i get the total from maldo, i can compare it with the estimate cost of building a road from lot 4130 and if it's cheaper, we might as well use the existing road and pay the toll fee. the good news is any heir who plans to farm (plant crops, raise farm animals) in our lot 4126 can use the existing road without having to pay any toll fee. i confirmed with the barangay captain that by law, property owners should be allowed access as the vehicles are not used for industrial purposes.
i was just informed that 7 years ago, there was an interested buyer named Pacubas who has a property next to our mambaling lot who don't need the right of way. they were ready to pay us P20m to purchase the property. they did not need the right of way because the lot connects to their property which already has a frontage. the only reason why the purchase did not push through was because the estate taxes at that time was so big due to no amnesty. after our estate taxes are paid, i will offer it again to pacubas for P30m. but my guess is they will negotiate for around P25m.
i was just informed that 7 years ago, there was an interested buyer named Pacubas who has a property next to our mambaling lot who don't need the right of way. they were ready to pay us P20m to purchase the property. they did not need the right of way because the lot connects to their property which already has a frontage. the only reason why the purchase did not push through was because the estate taxes at that time was so big due to no amnesty. after our estate taxes are paid, i will offer it again to pacubas for P30m. but my guess is they will negotiate for around P25m.
we have other offers for P30m and P28m but the buyers require a right of way. the good news is ROD has already verified we legitimately purchased the right of way but the problem is we cannot find the original owner's copy of valles' title. i will try to make a deal with the dela cernas in case they have it or maybe atty balili can file a case for re-issuance. but this means there is a big chance we will finally get the right of way for mambaling.
we have other offers for P30m and P28m but the buyers require a right of way. the good news is ROD has already verified we legitimately purchased the right of way but the problem is we cannot find the original owner's copy of valles' title. i will try to make a deal with the dela cernas in case they have it or maybe atty balili can file a case for re-issuance. but this means there is a big chance we will finally get the right of way for mambaling.
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= 10/12/21 addendum to future plans: partitioning =
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= 10/12/22 addendum to future plans: partitioning =
some heirs are demanding their share of the estate. the good news is that's what i've been trying to do since the beginning - fixing the issues so that we can partition the properties fairly among the 9 line of heirs. these things don't just fall out of the sky like magic. these things take a lot of time, money, and lots of effort. i understand that some heirs don't understand how real estate works. the good news is tito virgilio is a broker or an expert on real estate so you can just consult him if you have questions or you want confirmation on the things i'm saying here. the reason why we sold pelaez is so we can pay the estate taxes and subdivide the properties.
some heirs are demanding their share of the estate. the good news is that's what i've been trying to do since the beginning - fixing the issues so that we can partition the properties fairly among the 9 line of heirs. these things don't just fall out of the sky like magic. these things take a lot of time, money, and lots of effort. i understand that some heirs don't understand how real estate works. the good news is tito virgilio is a broker or an expert on real estate so you can just consult him if you have questions or you want confirmation on the things i'm saying here. the reason why we sold pelaez is so we can pay the estate taxes and subdivide the properties.
here are all the details:
here are all the details: