Buena Mano Property Sales and Leases shall be having a sealed bidding of bank acquired assets where minimum bid prices are said to be as low as 50% of the properties’ current market values, according to the print ad.
Sealed bidding promises a convenient way to buy real estate at prices you can afford due to the following:
- No long hours of auction
- No “price war” with other bidders
- No show money
Here are 3 simple steps to join:
- Visit your chosen property any day of the week, any time of the day.
- Fill-out the bid form. ONLY BIDS USING THE OFFICIAL FORM ARE VALID. CALL the HOTLINES or send an E-MAIL to get the form.
- Send your sealed bid to the Property Sales and Leases, G/F Tower 2, The Enterprise Center, Paseo De Roxas cor. Dela Rosa Street Makati City, or to any of the 3 Provincial Business centers.
Deadline for submission of sealed bids is on June 8, 2009 at 5:30pm.
Opening of bids will be on June 9, 2009.
All bidders will be notified of the results.
Areas covered are Bulacan, Pampanga, Tarlac, Nueva Ecija, Isabela, Batangas, Laguna, Quezon Provinces, Benguet, Ilocos Norte, and Pangasinan.
I also spotted commercial condos from Muntinlupa City on the listing.
Click here to download the Buena Mano Sealed Bidding Listing Of Bank Acquired Assets! (Source: Philippine Daily Inquirer, May 20, 2009, Page A11)
You may call their hotlines as indicated on the listing for more details like how the sealed bidding process goes, etc.
I really can’t tell if the bank acquired assets included on the listing are indeed below 50% of current market values as I am not familiar with the market values at the areas where these acquired assets are located. Nevertheless, this may turn out to be a big opportunity for real estate investors who focus on these areas to find great deals.
To our financial freedom!