Tips bago bumili ng house/lot

 

Actually i have no experience na mag asikaso ng mga documents especially sa lupa, no idea hehe , nakisuyo ang sister ko kung pede kong asikasuhin, she has a plan to buy  land na malapit sa amin, gusto nya munang ipa-verify para no hassle pag binili nya yung property, for experience na rin so pumayag ako. if you want to buy house /lot, make sure na bibilhing property is hinde magkakaroon ng problema kung ito ba'y clean tittle or nakasanla sa bangko magpa- verify sa register of deeds para malaman mo.
here's the procedure nung pumunta ako sa Registry of Deeds.

- bibigyan ka ng form, fill up the form, you will need the tittle number and the name of the registered owner .
- submit the form with photocopy of Tittle and valid ID(Xerox)

- waiting moments  , wait to call your name

- binigay na akin then proceed to the Cashier pay the registration fee receive receipt.

- back to window 5, claim the documents from realising clerk on the date indicated. 

wait ka ng 1 week  and  makukuha mo ang certified true copy..

 You know , I've learned something today that makes me a little proud to myself..(feeling)
 

Here are tips a buyer must remember before buying any property in the Philippines, specially if you are buying a single property from an individual:

1. Make sure the "Transfer Certificate of Title" is authentic. The easiest way to check if the title to the property you are buying is authentic is by getting "Certified True Copy" of the title from the Register of Deeds. This office is usually located at the city or municipal hall where the property is located. Ask the seller of the property for a photocopy of the title -you will need the title number and the name of the owner to get a certified true copy of the title from the Register of Deeds.

2. Verify that title is clean - meaning the property is not mortgaged (no liens & encumbrances on the property). You can see that at the back of the title with the heading "Encumbrances". This page must be empty if you are told that the title is "clean". But sometimes the space for the technical description of the property on the front page of the title is not enough and the description of the property is continued on the "Encumbrances" page, this is of course all right.

3. Make sure that the land described on the title is really the land that you are buying. You can validate this at the Register of Deeds or by hiring a private land surveyor or a geodetic engineer. Land titles don't have any street name and number to pin point a property, it is a must to confirm that the actual property you are buying matches the technical description on the Transfer Certificate of Title.

4. Make sure that the sellers are the real owners. If you are buying from an individual property owner, ask for identification papers like passport or driver's license, it is also a good idea to talk to the neighbors or the Barangay Captain to confirm the identity of the sellers (you might as well ask some history of the property).

5. Confirm that the yearly real estate taxes are paid. Ask for certified true copies of the Tax Declaration and original Tax Receipts to confirm that real estate tax payments are up to date.

If the above check list is in order, it is generally safe to proceed with the purchase of real estate in the Philippines.

source - PMT.com