The typical rate of a Philippines Real Estate Broker is from 3-5% of the selling price of the real estate property (commission). This means No Sale, No Commission. So be nice to your real estate broker =) In addition to the information above, here’s short excerpt from lawyers.com A “real
How do you check the Zonal Value of a Real Estate Property in the Philippines?How do you check the Zonal Value of a Real Estate Property in the Philippines?
First, let’s define the term ZONAL VALUE or Zonal Valuation: Zonal Valuation – is an approved zonal schedule of fair market values on real property used by the Bureau of Internal Revenue as basis for the computation of internal revenue taxes. Zonal valuation is used primarily: Basis for computing the
Frequently Asked Questions About Foreclosed PropertiesFrequently Asked Questions About Foreclosed Properties
These questions are the ones we encounter on a regular basis. Hopefully as someone who’s interested in bidding/buying on foreclosed properties/acquired assets, you will take the time to read this article. Do you need to spend some time learning the process before you can get good at it?Buying through foreclosure
Does your Philippines Real Estate Property have Hidden Treasure?Does your Philippines Real Estate Property have Hidden Treasure?
Check out what the State says when you find a pot of gold in your house or lot in the Philippines: HIDDEN TREASURE Hidden treasure belongs to the owner of the land, building, other property on which it is found. When the discovery is made on the property of another,
Do I have to pay Real Property Tax even if I don’t have a title?Do I have to pay Real Property Tax even if I don’t have a title?
Question: We bought a house and lot from a subdivision developer thru Pag-ibig Financing. It’s been more than a year now since we moved in and have been paying the monthly amortization without delay. The developer has recently adviced us to pay our Real Property Tax which you can calculate
Notice of Lis Pendens – the property is subject to a pending court litigation involving ownership or possession. Writ of Preliminary Attachment – the property is being held as a security for the satisfaction of a court decision which maybe rendered against the registered owner. Section 4 Rule 74 of
Checklist of Documentary Requirements on Foreclosure Sale of Real Property – PhilippinesChecklist of Documentary Requirements on Foreclosure Sale of Real Property – Philippines
A. Mandatory Requirements – Taxable/Exempt Tin of Mortgagee and BuyerNotarized Deed of Consolidation, if any, but only photocopied documents shall be retained by the BIR.Certified True Copy of the latest Tax Declaration issued by the Local Assessor’s Office for land and improvement relevant to the date of transaction.Sheriff’s Certificate of
Checklist of Documentary Requirements (CDR) Donor’s Tax (Philippines)Checklist of Documentary Requirements (CDR) Donor’s Tax (Philippines)
Documentary Requirement – Bureau of Internal Revenue (BIR) Philippines A. Mandatory Requirements (Taxable/Exempt) B. Additional Requirements: If applicable For Personal Properties Proof of valuation of shares of stock at the time of donation a. For listed stocks – certification of the price index from the PSE/latest FMV publishes in newspapers
Checklist of Documentary Requirements – Estate TaxChecklist of Documentary Requirements – Estate Tax
A. Mandatory Requirements (Taxable/Exempt) Tin of EstatePhotocopy of the death certificate, subject to presentation of the originalany of the following:Affidavit of self adjudicationDeed of extra judicial settlement of the estate, if the estate has been settled extra judiciallycourt order if settled judiciallysworn declaration of all properties of the estateOfficial receipts/deposit
Question: We have purchased a piece of land in Antipolo to be paid for 4 years. something bad happened in my job and now i am getting a hard time paying monthly payments. my question is what will happen if I stop paying? will we be able to get portion