PNB Property Auction: NAGA CITY (February 7, 2013)

Download Naga City Auction Properties List Here

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?

Real Estate Fees

Here's the following fees that you need to consider upon buying and transferring the title to your name

Last Step: Land Title Transfer Process at LRA

Once you completed your requirements for Land Title Transfer for your property, the last thing you need to do is to pass it at LRA (Land Registration Authority) Office at East Avenue Corner NIA Road, Quezon City Philippines. Here's the map.

Requirements for Certification

Certificate of No Improvement (Lot Only)

Must file at City Assessor's Office

- Authorization or Special Power of Attorney
- Letter Request (from Owner or Authorized Representative)
- Photocopy of I.D. (Owner and Representative)
- Photocopy of Tax Declaration


Requirements for Certification of No Property for STFAP / Scholarship


- Request Letter (Please indicate complete Name of Parents)
    a. Address
    b. Name of Student
    c. Year, Course and School

Duration: 1 day (once you filed, you will receive the next business day the certification)

Requirements for Land Title Transfer and Others

All requirements listed below must be passed to Land Registration Authority (LRA) for processing (more or less 30 working days) of Land Title Transfer.


Land Registration Authority - Main Office (View Map Here)


DEED OF SALE

- 3 copies of Deed of Sale (1 original and 2 duplicate) with rubber stamp from City Hall and BIR
- Original Owner's Duplicate Copy of Title
- Certificate of Authorizing registration (CAR), TCC, Capital Gain and Documentary Stamp (from BIR)
- Transfer Tax (Treasurer's Office - City Hall)
- Tax Clearance (Treasurer's Office  - City Hall)
- Tax Declaration (Assessor's Office  - City Hall)
- Presenter's ID (2 photocopy)

Note:

If the vendor is a corporation:
 - Board Resolution Secretary's Certificate to Sell

If the vendee is a corporation:
 - Board Resolution Secretary's Certificate to Buy & Articles By Laws

If the Title is Condominium
 - Management Certificate