Buying a house is not an easy undertaking. Once you have the money and the Deed of Sale, the process of purchasing additional premises doesn’t end there. One of the most important stages would be to transfer the land title from the seller’s name to the buyer’s name and that is you. That is the only time that the ownership will be officially established whenever a new land title is granted....
If you are planning to sell your real estate property in the Philippines, you need to follow the correct procedures to avoid putting yourself into a nightmarish situation. While it does not take rocket science to sell a property, familiarizing yourself with the procedures is a must as there are some legal documents that you need to secure. 1.Sign A Contract of Agreement The owner or broker will...
Every landlord knows that setting down rules for tenants is important for a smooth landlord-tenant relationship and an overall pleasant renting experience. These rules, when put into writing through a lease or rental agreement, will serve as protection for both sides and give legal recourse should anyone break any of the rules stipulated in the contract. The following are basic rules that every lease...
As a landlord, renting out a house is always your first priority. However, before you get there, there are some fundamental guidelines you should follow. If you are planning to rent out your house, start with these seven steps. While many of these considerations may appear to be common sense, they are not always common practice. As a result, as a property owner, you are encouraged to address these...
Most Filipinos resort to living in an apartment as this gives them more convenience and proximity to their workplaces. That is why the government created a law that controls the rental costs of most “Houses for Rent.” Unfortunately, not all Filipinos are aware of it. The Philippines’ Rent Control Act of 2009 regulates housing rents in the nation, and although most Filipino tenants are unaware of...
Being a property owner is one of the biggest milestones in a person’s life. However, it’s no secret that it comes with responsibilities. Aside from paying off a bank loan, mortgage, and association fees to your real estate developer, among others, you will also need to pay real estate tax in the Philippines. There are a lot of moving parts in figuring out how much you need to pay, but there’s no...
Real estate laws are essential in today's world of investing such as foreign investors to local buyers and sellers because they regulate real estate transactions, maintain the rights of buyers and sellers, and promote a fair and open real estate market. Land ownership, real property, owning private land, condominium unit, real estate property, and other properties, owning them, is just as important as...
Saving and investing are two different things, but are acquainted with one another. In establishing a strong financial foundation, saving and investing are both crucial ideas, but they are not the same thing. While both can assist a person in achieving a more stable financial future, it is important to understand the distinctions and the optimal times to save or to invest. Despite having a variety of...
Buying a house and lot for sale or any property is probably one of the best accomplishments anyone could ever have. However, before you fantasize about your dream, you have to think about realistic factors you should consider before signing that deal or selling your property. All about a Filipino house In a traditional Filipino household, it’s not rare to see up to three generations of the family...
Buying a property in the Philippines can be quite an overwhelming process, especially for first-time homeowners or investors. Let’s make your home buying or real estate property investing easier through this article that will teach you about the necessary documents you’ll be needing when buying a property in the Philippines. The Buying Process “PM (Personal Message) is the key” In the...
by Lionunion