Pasalo Condos for Sale (Assume Balance)
Pasalo (also written assume balance) is a Philippine resale arrangement in which the original buyer of a pre-selling or newly turned-over unit transfers their contract to you: you reimburse what they have already paid, often at a discount, and continue the remaining payments to the developer or bank. Done correctly it is one of the best-value ways into a condo; done carelessly it is where buyers lose money.
Why buyers look for pasalo units
- You step into a price set years ago, at launch, instead of today’s price.
- The equity already paid is often sold below cost because the seller needs to exit.
- Near-turnover units let you skip the waiting period of a new pre-selling purchase.
The risks we check before you pay anything
| Risk | What we verify |
|---|---|
| The developer has not approved the transfer | Written consent to the assignment of the contract to sell, and the developer’s transfer fee |
| Unpaid balance or penalties | An official statement of account from the developer, not the seller’s spreadsheet |
| Title is not yet in the seller’s name | Where the contract stands: contract to sell, deed of absolute sale, or title; who holds the original documents |
| Bank-financed balance | Whether the bank allows assumption, or whether you must requalify |
| Hidden dues and taxes | Association dues, real property tax and utilities paid up to the transfer date |
How a pasalo transfer runs through Global Realtor 4 a Cause
- We obtain the developer’s statement of account and transfer requirements.
- We draft the deed of assignment and the payment schedule, with the reimbursement released only against the developer’s acknowledgment.
- We coordinate signing, the developer’s fee and the re-issuance of documents in your name, and we keep the checklist of every form drafted, signed and collected.
Pasalo and assume-balance units available now
Loading live listings… Yes. It is an assignment of the buyer’s rights under a contract to sell. It must be documented in a deed of assignment and, in practice, approved by the developer, who usually charges a transfer fee. Yes for a condominium unit, subject to the project’s 40% foreign-ownership share, which we confirm with the developer before you pay. Never pay the seller’s reimbursement in full before the developer has acknowledged the assignment, and never rely on the seller’s own figures for the remaining balance. Our professional fee and the developer’s transfer fee are disclosed in writing before you commit; there are no hidden charges.
Questions buyers ask
Is pasalo legal in the Philippines?
Can a foreigner buy a pasalo condo unit?
What should I never do in a pasalo deal?
Does GRC charge the buyer for a pasalo transfer?
