Own a Home in Six Months: Top Location Picks

Homeownership is a long-term commitment, but it doesn’t mean that moving to your new home will also take years. In fact, if you choose a ready-for-occupancy (RFO) unit, you can move in as quickly as possible. However, there’s a chance that this property is costlier than average homes, especially if it’s brand new or located in a metropolitan area.

So can you still own a home in a year or less with a limited budget? Yes, if you consider buying a foreclosed unit. Foreclosures are sold on an “as is where is” basis, so make sure you choose a unit that requires minimal repairs.

For a homeownership journey made easier, consider foreclosure options in the following locations:

National Capital Region 

In NCR, you’ll find numerous properties that make homeownership attainable for two reasons. First, they’re relatively affordable. Second, they have friendly payment terms. These particular properties are offered by reputable banks like BDO. 

For this institution, there’s always a way to realize homeownership. Besides offering foreclosures costing P3.5 million and below, they have the following easy payment terms: 

  • No down payment 
  • A reservation fee of P50,000
  • Fixed monthly amortization fees, payable in 12 years 
  • Property to be turned over after the 6th monthly payment

In NCR, here are some of the cities with bank-owned foreclosures obtainable in six months: 


For a clean and calm environment, consider properties from the following condo developments:  


Live near the business and lifestyle districts of Taguig and Makati and enjoy modern condo amenities when you acquire one of these properties: 

Quezon City 

This area has foreclosed units from the prominent developer, SMDC, allowing you to enjoy its trademark of resort-style amenities and easy access to retail stores and transportation networks. 


Outside Metro Manila, there’s something for everyone. For example, OFWs and their families looking for bigger homes have several options in Cavite or Laguna. Meanwhile, retirees who want peaceful surroundings and access to leisure destinations may find a new home in Batangas. 

Here are some foreclosed properties available within CALABARZON, priced under 3.5 million:

VisMin Areas 

Living in the first-class and partially urban or highly urbanized areas of VisMin can offer metro-like conveniences minus the hefty property costs. Foreclosed homes here are some of the most easily obtainable in the market: 

Bank-owned properties in these areas can also double as income-generating assets if used for leasing purposes or resold after a few years. VisMin cities, in particular, are ideal locations for such an endeavor because of their growing population and new developments that boost property demand and values. 

Throughout the country, there are numerous options to choose from if you want to move into a new home in less than a year. No more waiting if you decide to buy a foreclosed property from a trusted bank.

Learn more about BDO and its wide-ranging foreclosed properties here.


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