Real estate developer Robinsons Land Corporation (RLC) is tapping the market lease-to-own and ready for occupancy (RFO) residential market through newly-launched Robinsons Right Homes.
“Robinsons Right Homes is about getting the right homes right here, right now. You don’t have to wait for a long time to experience living in a home right for you,” said RLC senior vice president handling the residential business Mybelle V. Aragon-GoBio in a press briefing.
Right Homes has consolidated choice units from its diverse portfolio which consists of the affordable Robinsons Communities, the mid-range Robinsons Residences and the upscale Robinsons Luxuria.
Replete with basic utilities, these finished units are made available to buyers who immediately require a residence or are looking to invest in an assured development.
Unlike pre-selling or pre-construction projects where buyers base their decisions on a concept and building plans and then wait a few years before moving in, Right Homes gives people the chance to see the completed homes in a master-planned setting.
“This helps them to ascertain the quality of the development and to run through what will be the inhabitant’s experience in a tangible manner,” Gobio said.
With the worsening traffic and stress of city living, more professionals are seeking affordable homes or pied-a-terres close to work in order to be more productive. This has spurred the demand for completed units.
However, Gobio said “there are people who can’t afford to pay for amortization and rent at the same time. But it’s important for them to invest in a place or buy a home where there is a single payment.”
“The notion of an RFO is that you pay in full. What potential buyers don’t know is that we offer friendly payment terms,” said Robinsons Right Homes sales head Roel Maglaya.
Taking into consideration the buyer’s situation and needs in establishing flexible payment terms, RLC allows buyers to enjoy the perks of home ownership while paying for their unit, through the Lease-to-Own program.
Under the two-year lease-to-own package, the tenant can occupy the rented unit after signing a lease/purchase agreement and payment of lease deposits with an option for purchase.
At the end of the 24-month lease, the tenant can buy the unit for a specific amount in cash or through a bank loan. Total rental payment has been credited to the sales price or final cost subject to certain conditions.
This gives the lessee time to save up while evaluating the property and the neighbors.
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