The Handover: When Do I Actually Get the Keys?
The Most Important Question: “Kailan Ako Pwede Lumipat?” (When can I move in?) In real estate, “buying” and “moving in” are two very different dates. The Auction Speed Lane Because PropertyAuctions.ph deals primarily with Green Tag (Consolidated & Vacant) assets, the timeline is compressed. The “Key” Timeline: Why It’s Faster The house is already empty. […]
The Most Important Question: “Kailan Ako Pwede Lumipat?” (When can I move in?)
In real estate, “buying” and “moving in” are two very different dates.
- Pre-Selling: You buy now, you get keys in 2028.
- Private Sale: You buy now, you get keys when the seller finally kicks out their cousin and clears the title (3-6 months).
The Auction Speed Lane
Because PropertyAuctions.ph deals primarily with Green Tag (Consolidated & Vacant) assets, the timeline is compressed.
The “Key” Timeline:
- Auction Day: You win the bid.
- Day 1-15: You submit the full down payment (or cash price) and sign the Contract to Sell (CTS).
- Day 16-30: The bank processes the clearance.
- Day 30-45: Possession Turnover.
Why It’s Faster
The house is already empty. The bank wants it off their books. They aren’t emotionally attached to the house. They have a department whose only KPI is “Turnover Speed.” If you need a house now, not next year, the auction block is your only real option.
