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5 Types of Acquired Assets That You Can Buy at Lower Than Market Value

  • December 10, 2019

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Types of Acquired Assets

Acquired assets are properties that have been repossessed by a creditor or lender because the previous owners were not able to follow the payment terms in the contract. These properties can range from houses and lots to vehicles like cars and motorcycles. The creditors, meanwhile, can be banks, loan companies, or even government agencies like Pag-IBIG or the Social Security System (SSS).

Once the creditors have repossessed these properties, they become non-performing assets. Simply put, they don’t make money. This is not ideal, since the creditors have to generate income in order to do business and provide services, and the non-performing assets incur additional expenses. That’s why the creditors usually put up their acquired assets for sale or auction at prices lower than their market value. This way, they can recover even a partial amount of the defaulted loan.

Most if not all of the acquired assets by banks and other creditors are available to the general public. If you’re looking to acquire your own property but are limited in terms of budget, maybe it’s time to check out acquired assets Philippines listings. There are many kinds of acquired assets that you can buy, even with a relatively small capital. Here are just a few.


Motorcycles are very popular in the Philippines nowadays. In fact, in 2017, there were already more than 2 million registered motorcycles in the country. This number is sure to have increased in the succeeding years. With the horrible traffic situation in the country’s urban areas, there are a lot of people looking for ways to cut down their travel time, and using motorcycles is one of them. Of course, there are also enthusiasts who buy motorcycles to add to their collection or to customize in order to create a truly unique bike. Motorcycles can also be used for business purposes.

If you’re looking for a motorcycle or even a scooter, it’s a good idea to check acquired assets listings. You can find motorcycles and scooters with repossessed prices as low as Php 10,000!


One of the most common acquired assets by lenders are cars. Many are tempted to get a brand new car because there are more and more irresistible low down payment offers from dealers. Then, because they’re not really prepared to pay, they end up defaulting on their loan, and the car gets repossessed.

First-time car buyers would do well to check acquired assets from banks and other lenders. Not only are the costs much lower, the payment terms are also much friendlier. Do note that like any other acquired assets, repossessed cars are sold as is, where is. What you see is what you get, and the bank or lender will not do any repairs. As such, make sure to bring someone who knows a lot about cars so they can help you check what needs to be checked.

Condo Units

For those looking to have a place to call their own but aren’t prepared just yet to buy a house, condo units are perfect. They’re smaller than houses, which also means they’re more affordable. Apart from this, you also have a wealth of amenities, like shared gardens, swimming pools, and gyms. You also don’t have to worry too much about maintenance, since all you’ll be responsible for are the interiors. For everything outside your unit, the management will usually perform routine checks and upkeep.

Getting a condo unit is also a solid investment. You can turn it into a rental unit, which can then generate steady income for you. What’s great is that if you buy a condo through an acquired asset listing, the price is so much lower. This means that you’ll have a bigger profit margin.

Related: 7 Noteworthy Tips for Vacation Rental Owners

House and Lot

Those looking for their dream homes might find a perfectly beautiful and perfectly affordable choice in an acquired assets listing. What’s great about getting a house and lot in this manner is that it means a lot less work. There’s already a structure built, and all you have to do is to furnish it. Often, repossessed houses and lots even come as semi-furnished. Just make sure to inspect every nook and cranny of the house and lot that you’re intending to buy. You may end up shelling out more money for repairs than what you spent in acquiring the property in the first place. However, if you find a house and lot in very good condition that meets your wants and needs, then it’s definitely a great deal. Also, like condo units, you can also turn a house and lot into a rental to generate more income.

Vacant Lots

If you want to build your own dream house or put up a commercial establishment, you can save a lot of money by getting a vacant lot from a list of acquired assets. You might be asked to pay a higher down payment but overall, you’ll still end up paying a lot less than when you buy a lot through usual means. What’s great about vacant lots is that as long as you have the necessary permits, you have ultimate freedom with regards to the structure you want to build.

Some people are hesitant to purchase acquired assets, thinking that the lower cost is too good to be true. For a handful of properties, this is indeed the case. However, there are many more acquired assets that you can choose from that will truly give you great value for money. Just be patient, and don’t be afraid to ask questions. You’ll soon find the deal of a lifetime!