Archive for January, 2011
Philippine Real Estate Question:
My husband who is a foreigner and I, Philippine Citizen aquired condo in Philippines, Both the properties are in our name. Is is true or false that if the property is under the foreigner’s name it is not required to pay the RPT
Answer:
Even if the property is under the name of the foreigner, real property... ...read the full story
Philippine Real Estate Question:
I’d like to know if i am required to pay a tax on a land that is not generating an income? And is the tax computation conducted annually or monthly? Your answer would be highly appreciated. More power to you! I like your website and your knowledge and I am very grateful for you sharing it. Thank you.
Answer:
Yes,... ...read the full story
Philippine Real Estate Question:
Am trying to buy a farm property in Cebu but I was told that the seller’s right to the property is still with the mother title. Is it safe to buy a property that is still connected to the mother title, what are the procedures that has to be made in order to do the separation of a lot from the... ...read the full story
Philippine Real Estate Question:
What if the seller will not give the agent atleast 3% commission? Is he violating any law? Any suggestion on how to be able to get that commission thats due for the agent? Thank you.
Answer:
Before an agent sells a property, there should be a written authority to sell on inclusive or non-inclusive basis. This is also... ...read the full story
Philippine Real Estate Question:
How do you determine the zonal value of an inner lot(w/ right of way only)? Do you follow the same zonal value of the front lot?
Answer:
You have to check with the BIR located in the local municipal hall where the property is located. The inner lot may have a lower zonal value than the front lot.
What other Real Estate... ...read the full story