Buying a Real Estate in the Philippines

This is a guide if you are planning to buy a property (lot, house and lot, condo, etc.).

If you are planning to buy a lot or house and lot, be sure to check if the title is clean and real.

How?

- Ask the seller if the tax of the property is updated. If you bought it and there's a tax debt, the buyer will be the one who will shoulder the taxes. You can also verify the tax history of the property by filling a tax declaration certified copy at City Assessor's Office. Be sure to get Tax Declaration Number of the property.

- Verify the title. go to Land Registration Authority (LRA) and request for the certified copy of the said title. It only takes a minute.

- Visit the site. If its a lot, ask the seller to tour you at the property. If its a house and lot, go over and inspect the house. Ask for vicinity map or house plan if there's any.

Now, you're ready to buy the said property, here's the following fees you need to consider. Click here.