Helpful Tips for Buying a House from a Sale in the Philippines

Buying a property in the Philippines can be a challenge if you do not know the ins and outs of the real estate business and the governing laws and regulations for property sales in the country. Here are a few tips to help get you going for buying a house and lot for sale in the Philippines:

1. Check the documents – Ensure that the Transfer Certificate of Title or TCT of the property is intact and authentic. Also, make sure that you get a certified true copy of the document by securing one secured from the Registry of Deeds in the locality where the property is located. You can ask the seller for the title number to ask or verify from the registry if the documents are legitimate.

2. Check the Encumbrances section of the title to see if there are any issues or problems with the lot title. Ideally, this section should be empty, signifying that the title is “clean”. Otherwise, you should have the seller resolve any issues and set things straight before moving forward in your negotiations.

3. Check if the yearly Real Estate Tax for the property is paid up and that the tax payments due are up to date. You can ask the seller for the tax documents and receipts to confirm this.

4. Verify ownership. You can hire a private land surveyor or a geodetic engineer who can help determine and confirm the property ownership. Settle any issues in case any issues or discrepancies are discovered.

5. Perhaps the best and easiest way to buy the property would be to hire a reputable real estate agent or brokerage firm to help facilitate the transaction for you. Not only will they be able to help point you to ideal properties to buy—they can also assist you every step of the way to validate, check, and sort out the documentation needed to complete the purchase.

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