Author Topic: Guide when Buying real Estate in the Philippines (Read 55857 times)

litb · « **on:** Feb 08, 2009, 08:13 PM »

Guys i need your advise.

May nagoffer sa kin house and lot for 300k..

I'm planning to check the property next week. What are the things needed to do to apply due diligence?

1. what\where\how to check yung status nung titulo?
2. anong documents ang kailangan iprovide/pirmahan?
3. ano yung mga dapat bayaran?

mas maganda yata kung step by step na gagawin from inspecting the house to pirmahan ng kontrata.

thanks! thanks!

due to my need of the above items I stumble to a site which answer my questions. I just like to share it to my fellow PMTers.

litb · « **Reply #1 on:** Feb 09, 2009, 05:34 AM »

oishidu · « **Reply #2 on:** Feb 09, 2009, 11:11 AM »

Very useful information litb

lilywhite · « **Reply #3 on:** Feb 09, 2009, 11:39 AM »

thanks litb! truly informative

litb · « **Reply #4 on:** Feb 09, 2009, 12:00 PM »

RealEstateInvestor · « **Reply #5 on:** Feb 09, 2009, 01:40 PM »

1. yes, you can get a copy of the certified true copy of the title from the registry of deeds where the property is located. you can also ask the seller to provide you with it, but it defeats the purpose of doing due diligence yourself (besides, how will you know if it is authentic if you just asked for it?). this costs less than 100 per copy (30, 50, 60, 80) depending on the city.

2. haven't had any experience in buying a lot

3. zonal value - bir.gov.ph
fair market value - comparative analysis (values of other properties in the area), income-method (through rentals generated)

one tip!
attend real estate broker's review course even if you're not taking the exam. you'll learn a lot from it.

learn2liv · « **Reply #6 on:** Feb 09, 2009, 02:42 PM »

Quote from: RealEstateInvestor on Feb 09, 2009, 01:40 PM

one tip!
attend real estate broker's review course even if you're not taking the exam. you'll learn a lot from it.

san makakaattend nito? how much ang fee?

joat · « **Reply #7 on:** Feb 09, 2009, 02:48 PM »

pls pm me on where to attend

litb · « **Reply #8 on:** Feb 09, 2009, 04:34 PM »

thanks realestateinvestor

post na lang po dito kung sa makakaattend and how much yung real estate broker's review course.
i'm sure maraming gustong matuto about the in and outs of real estate broking.

RealEstateInvestor · « **Reply #9 on:** Feb 09, 2009, 10:09 PM »

will update you guys when i get wind of the schedules

or if someone knows of the new schedules, you can post it here.

sneaker23 · « **Reply #10 on:** Feb 09, 2009, 10:25 PM »

Got this on my email

Comprehensive Real Estate Seminar & Review for Real Estate Broker's Licensure Exam conducted by Urban Institute of Real Estate.

Review Center of Engr. Enrico Cruz which will start on march.

i'll forward it na lang sa email for those interested.