Comments on: Buying and Owning Property in the Philippines http://www.pinoymoneytalk.com/2006/09/24/buying-and-owning-property-in-the-philippines/ Make Money Online, Google Adsense, SEO, Stocks, Forex, Mutual Funds Philippines Fri, 29 Aug 2008 06:51:55 +0000 http://wordpress.org/?v=2.6.1 By: Araceli http://www.pinoymoneytalk.com/2006/09/24/buying-and-owning-property-in-the-philippines/#comment-83700 Araceli Thu, 14 Aug 2008 06:38:23 +0000 http://www.pinoymoneytalk.com/2006/09/24/buying-and-owning-property-in-the-philippines/#comment-83700 I am a balikbayan who intend to buy a house in the Philippines for my homeless family and I found a suitable location in Antipolo, Rizal. I was rushed by the property broker or Realtor to pay P50,000.00 (peso) for reservation fee before providing me with the floor plan and other documents. I was also asked to issue 6 months post dated check for the 20% downpayment of the selling price. During my visit to the property after paying reservation fee, I noticed that the floor area of 74sqm stated in their advertisement is not correct, after measuring it my self couple of times i could only come up with at least 68sqm. I insisted that they provide me with copy of the floor plan to check the exact measurement of the house because i was planning to order fit-in furnitures for the whole house. The developer eventually provided me with a plan but not for the house i was buying buta house plan from the original design with a covered carpot but now revised, during our meeting they claimed that it was indeed 69sqm inside the house but 74sqm because they included the space outside the front door of the house. The main discussion is the definition of floor area, could you please help me because i felt deceived by my own people. Is it legal to confuse buyer by providing misleading information? I am a balikbayan who intend to buy a house in the Philippines for my homeless family and I found a suitable location in Antipolo, Rizal. I was rushed by the property broker or Realtor to pay P50,000.00 (peso) for reservation fee before providing me with the floor plan and other documents. I was also asked to issue 6 months post dated check for the 20% downpayment of the selling price.

During my visit to the property after paying reservation fee, I noticed that the floor area of 74sqm stated in their advertisement is not correct, after measuring it my self couple of times i could only come up with at least 68sqm.

I insisted that they provide me with copy of the floor plan to check the exact measurement of the house because i was planning to order fit-in furnitures for the whole house. The developer eventually provided me with a plan but not for the house i was buying buta house plan from the original design with a covered carpot but now revised, during our meeting they claimed that it was indeed 69sqm inside the house but 74sqm because they included the space outside the front door of the house.
The main discussion is the definition of floor area, could you please help me because i felt deceived by my own people. Is it legal to confuse buyer by providing misleading information?

]]> By: Elvie http://www.pinoymoneytalk.com/2006/09/24/buying-and-owning-property-in-the-philippines/#comment-21510 Elvie Sat, 16 Feb 2008 21:57:48 +0000 http://www.pinoymoneytalk.com/2006/09/24/buying-and-owning-property-in-the-philippines/#comment-21510 I already owned 2 separate lots in the Phils in different cities and were less than 5000 square meters. I acquired the first property whin I was still single and a Filipino citizen. My husband and I just bought a 2nd property in another city after I became a US citizen. Now, my brother and I plans to buy a rental house in another city. The combination of these properties will still be less than 500 square meters. Is owning two separate land and a rental house allowed/legal? Thanks a million. I already owned 2 separate lots in the Phils in different cities and were less than 5000 square meters. I acquired the first property whin I was still single and a Filipino citizen. My husband and I just bought a 2nd property in another city after I became a US citizen.

Now, my brother and I plans to buy a rental house in another city. The combination of these properties will still be less than 500 square meters. Is owning two separate land and a rental house allowed/legal?

Thanks a million.

]]> By: John S. Slay http://www.pinoymoneytalk.com/2006/09/24/buying-and-owning-property-in-the-philippines/#comment-4649 John S. Slay Tue, 10 Jul 2007 18:48:00 +0000 http://www.pinoymoneytalk.com/2006/09/24/buying-and-owning-property-in-the-philippines/#comment-4649 My boyfriedn is a Philippine citizen. He wants me to move to the Philippines this fall. I found an apartment building located in the same city his family is from. Is it possible for an American to own a building in Bulacan and what would my limitations be? Thanks for the help. John Slay My boyfriedn is a Philippine citizen. He wants me to move to the Philippines this fall. I found an apartment building located in the same city his family is from. Is it possible for an American to own a building in Bulacan and what would my limitations be?
Thanks for the help.
John Slay

]]> By: pinoymoneytalk http://www.pinoymoneytalk.com/2006/09/24/buying-and-owning-property-in-the-philippines/#comment-1055 pinoymoneytalk Mon, 08 Jan 2007 16:11:49 +0000 http://www.pinoymoneytalk.com/2006/09/24/buying-and-owning-property-in-the-philippines/#comment-1055 I'm sorry but I don't have additional information beyond the ones posted in this article. If you want, you can contact <a href=http://www.atayala.com/contact.php rel="nofollow">Ayala Land</a>, a premier real estate developer in the Philippines to help you with your questions. Cheers! I’m sorry but I don’t have additional information beyond the ones posted in this article. If you want, you can contact Ayala Land, a premier real estate developer in the Philippines to help you with your questions.

Cheers!

]]> By: randy prindle http://www.pinoymoneytalk.com/2006/09/24/buying-and-owning-property-in-the-philippines/#comment-1035 randy prindle Sun, 07 Jan 2007 01:16:17 +0000 http://www.pinoymoneytalk.com/2006/09/24/buying-and-owning-property-in-the-philippines/#comment-1035 i am an american with a daughter who has philippine citizenship (3 years old). if I purchase 5 hectors I want to own 5000 sq meters and my daughter to own the balance. Can this be done or do i need some other phipipino to own a small percentage soas I can keep control of the property Randy i am an american with a daughter who has philippine citizenship (3 years old). if I purchase 5 hectors I want to own 5000 sq meters
and my daughter to own the balance. Can this be done or do i need some other phipipino to own a small percentage soas I can keep control of the property
Randy

]]> By: pinoymoneytalk http://www.pinoymoneytalk.com/2006/09/24/buying-and-owning-property-in-the-philippines/#comment-999 pinoymoneytalk Wed, 03 Jan 2007 06:15:51 +0000 http://www.pinoymoneytalk.com/2006/09/24/buying-and-owning-property-in-the-philippines/#comment-999 First I think you'll have to make a background check on the broker. Is he a licensed real estate agent? Does he work for a registered real estate company? Do you know clients who dealt with him in the past? What were their experiences? Then for the title search, I'm not really familiar if an online facility for that exists (I doubt that it does), so you'll have to visit the local government office to inquire about the status of the property. Afaik, that's the only way you can check whether the property would be a good buy or not. First I think you’ll have to make a background check on the broker. Is he a licensed real estate agent? Does he work for a registered real estate company? Do you know clients who dealt with him in the past? What were their experiences? Then for the title search, I’m not really familiar if an online facility for that exists (I doubt that it does), so you’ll have to visit the local government office to inquire about the status of the property. Afaik, that’s the only way you can check whether the property would be a good buy or not.

]]> By: SOLEDAD E. HENDERSON http://www.pinoymoneytalk.com/2006/09/24/buying-and-owning-property-in-the-philippines/#comment-937 SOLEDAD E. HENDERSON Fri, 29 Dec 2006 09:44:49 +0000 http://www.pinoymoneytalk.com/2006/09/24/buying-and-owning-property-in-the-philippines/#comment-937 I'm buying two lots in Tagaytay (933 sq.m.) from a filipino citizen through a broker. Are there anything I should be aware of? Where can I do a title search to verify ownership of this property? I would appreciate it very much if you can give me some tips so I won't have any problem regarding ownership later. I’m buying two lots in Tagaytay (933 sq.m.) from a filipino citizen through a broker. Are there anything I should be aware of? Where can I do a title search to verify ownership of this property?
I would appreciate it very much if you can give me some tips so I won’t have any problem regarding ownership later.

]]> By: Loida http://www.pinoymoneytalk.com/2006/09/24/buying-and-owning-property-in-the-philippines/#comment-497 Loida Fri, 17 Nov 2006 11:12:59 +0000 http://www.pinoymoneytalk.com/2006/09/24/buying-and-owning-property-in-the-philippines/#comment-497 I got a house from other municipality in Samar and I let my parents to live in their and the title of the house was in myname....I am in Manila right now and planning to buy a house..Can I still own a property or house and put it my name... and how much square meter can I own?... I got a house from other municipality in Samar and I let my parents to live in their and the title of the house was in myname….I am in Manila right now and planning to buy a house..Can I still own a property or house and put it my name… and how much square meter can I own?…

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