In the first part of this series, we discussed the general house problems commonly encountered by homeowners. In this next one, we discuss the ones solely for Filipino homeowners. These are just a few of the common problems that homeowners in the Philippines may face. It is important to take
As a homeowner, there are a number of common problems that you may encounter from time to time. Here are some of the most frequent issues that homeowners face: These are just a few of the most common problems that homeowners may face. Regular maintenance and prompt repairs can help
What is the Rule on Double Sale in the Philippines?What is the Rule on Double Sale in the Philippines?
Rule in case of double sale: The priority of rights in case of double sale of titled property shall be governed by the following rules: The buyer who acquired in good faith and was the first to register the sale shall have a better right. If none of the buyers
What is the Basis in the Valuation of a Real Estate Property in the Philippines?What is the Basis in the Valuation of a Real Estate Property in the Philippines?
The value of the real property will be based on the selling price, fair market value as determined by the Commissioner (zonal value) or the fair market value as shown in the schedule of values of the Provincial or City Assessor, whichever is higher. If there is no zonal value,
What does a TCT of Real Estate Property in the Philippines contain?What does a TCT of Real Estate Property in the Philippines contain?
Buying a house for sale in the Philippines? Here’s what your TCT or Transfer Certificate of Title should contain: TCT Serial No. TCT Number Page and Book number Location of the Property (lot block and survey no) Technical Description Tie Line Reference Points Name & Address of Registered Owner Original
What are the Requirements to Transfer Inherited Real Estate Property in the Philippines?What are the Requirements to Transfer Inherited Real Estate Property in the Philippines?
Transfer of Inherited Property When the registered owner dies intestate without any debt and the heirs want the title transferred in their names, the following documents must be presented to the Register of Deeds: a. Deed of Extrajudicial Settlement of Estate (or Affidavit of Adjudication if there is only one
What are the Obligations of Condominium Unit Owners in the Philippines?What are the Obligations of Condominium Unit Owners in the Philippines?
First, let us define condominium based from the definition of our good friends in wikipedia.org A condominium, or condo, is the form of housing tenure and other real property where a specified part of a piece of real estate (usually of an apartment house) is individually owned while use of
What are the Major Types of Real Estate Property in the Philippines?What are the Major Types of Real Estate Property in the Philippines?
Good question. If you plan to invest in Philippine Real Estate, this you should know: Agricultural – when you say a land or a property is agricultural in nature here in the Philippines, this land is mainly used for tree-planting/farming, raising crops, livestock, breeding, poultry and dairying, salt making, inland
Verifying the Title of a Philippines Real Estate PropertyVerifying the Title of a Philippines Real Estate Property
One of the worst things to happen to anyone when buying a Philippines Real Estate Property is to be given or presented with a fake title. In fact, here in the Philippines, Lawyer Asteria C. Cruzbara, the head of the Registry in Davao says their office gets three to four
You can never be too sure when buying real estate property. Whether it’s a house or lot, condominium unit, apartment – there are thousands of sob stories to tell (including ours, unfortunately), of broken dreams, piled up cases in court and millions of pesos lost. This is your hard-earned money