Real Estate Scam: Beware of fake Land Title

Having a Real Estate Property in Vistaland is one of the biggest investments we could ever have. This kind of savings is not a small thing after all, why? Because it covers a lot like contracts, multiple documents, large amounts of money, and of course you have to build a harmonious relationship with the seller. Before you get comfortable with the agent, make sure that you still do your part as the customer or client by conducting due diligence. First things to determine if the land title is real or fake.

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Apart from knowing the ideal traits of a good real estate agents, you also need to ensure that property you are about to purchase is legal and holds legal documentation like the Land title. Make sure you make time reading this one highlighting some of the best ways on how to distinguish if the land title is real or not.  

•  First, you have to check the physical features of the judicial form. It should have watermarks, fibers, planchettes, and intaglio or commonly known as border print.
• You also need to check the Judicial Form Number using the right and correct form like No. 108-D and No. 109-D.
• Check the date. Make sure that the date where the title form was printed is just the same of the date of issuance.
• The serial number in the original copy should be the same with the serial number in the duplicate form.
•  Take a look in the last two digits of the title number;
  it should be the same as the page number in the registration book.
• Check the title and seal of the duplicate copy. It should have the owner’s duplicate certificate and a red seal.
•   Lastly, you can go to the Registry of Deeds to personally ask them to check the land titles.

Nowadays, people should be smarter enough to avoid being victimized by fake land title holders or even a syndicate. Do not get easily fooled by others and make your own actions ensuring that all transactions are legal and have supporting documents. Remember that if the agent is offering something that is good to be true, I guess you have to think twice and be alarmed whether you are dealing with the right persons or not.

Can Foreigners buy real estate property in Philippines?

As the days go by, it is noticeable that many foreigners are now interested in investing their money through real estate property in the Philippines. Mainly because, most of the foreigners really loved Filipinos, our tropical climate, and the great opportunities awaits them. But the question is can foreigners buy a property in our country? The answer is yes, but there are lots of exemptions to the rule, it is not absolute and always subjected to restrictions.

image source: home.expatfinders.com

Unlike with other countries, anyone who is capable buying a property is allowed to do the transactions regardless of their citizenships. The Philippines are very strict when it comes to foreigner’s ownership. That’s why other natio

ns got surprised when they cannot simply buy a real estate property under their name. Basically, real estate property in the Philippines is exclusive only for Filipinos, a corporation that has at least 60% Filipino interest, and Dual Citizenship.

According to the Philippine law, Filipino citizens are totally allowed to buy a home or even condo in every part of our country; on the other hand, foreigners can only be a co-owner through his or her spouse.  Another thing is that other nations can own a building but not the land.

 In fact, there are some of our lawmakers pushing to have revision and modification of the law concerning foreign ownership in our country to simply expand the coverage and limitations of it although it would be a long standing debate. Most of the lawmakers who are pushing the revision of that law believed that this would result in more investments from overseas. However, the other side of the group who are against in modification says that it would affect our national patrimony if we allowed foreign investors to have an easy access of our real estate property.

Filipinos are being aggressive nowadays in understanding the legality and the rights when buying a property. Simply because they want to ensure that the transactions would be smooth. Asking legal questions and conducting own research to legalize everything.  I hope this blog helps you to understand the other side of the coin. Investing at the first place is not a bad move after all. 

Traits of Ideal Real Estate Agents

                            “Good manners are made up of petty sacrifices”

                                                                                       -  Ralph Waldo Emerson

I believed that good attitude and proper etiquette are one of the major components to be a successful real estate agent. These characteristics are not only for an agent but for all human being as well. Focusing on one subject only, these traits will surely help and benefit the professional agents to have a smooth transaction and build a harmonious relationship towards his possible clients who are willing to invest some of their money to real estate property in the Philippines, and also to their fellow real estate professionals. 

source: images.property24.com.ph

I want to share these practical tips for us to maintain an environment where respect and professionalism are well practiced. 

•  Respect

Being respected by others is our ultimate goal, right? Whatever situations you are right now, we deserve respect even if you are a broker, consultant or appraiser. As what the golden rule says, treat others as you would like them to treat you. Of course, we will meet different clients as we go along in our journey but always take into considerations our own differences. It could be our culture, beliefs, religion and especially others opinion. Always present ideas to your client in a professional manner and never use words that they don’t probably understand to avoid conflict. 

• Punctuality

Punctuality could also be means of doing your transactions in a timely fashion, be on time with your scheduled meetings and property viewing as well. Considering all of these has a great impact with your client. Why?  It only means that you are mindful enough because you meet the deadlines and you can respond to their concerns effectively and lastly making your clients feel like they are your priorities. If there will be changes on the schedules, make sure that you tell the concerned people about the delays or the cancellation of the appointment ahead of time.  

• Professionalism

It is very important especially if you are dealing with high-end people to be professional at all times, in everything you do. In terms of providing information’s, you should share what you know rather than what you think. Do not over promise, only present what is deliverable and doable when setting expectations. Talk to them that they have to direct their questions and inquiries to the respective representatives. Another thing is when making a phone call, always start with introducing yourself and the company you belong. And lastly, always dress professionally when meeting them.  

Read more? Why investing your money to a real estate property?

Why investing your money to a real estate property?

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If you are going to compare other types of investment, I believed that Real Estate Property in the  Philippines has the greater points towards favorable and rewarding output. As long as you made the right decision and wise thinking, I guarantee you that you will earn the best outcome of your hardship and you would experience the great return of your investment.

Listed below are some of the advantages and good points why most of the people turned on this kind of investment. At the early age, you would realize the importance of having a real estate property and how to make the best out of it.

 

1. Source of money though Rental Income. Once you have your own investment, you could do house rental. Through the years, you might observe that the payments from rental already give you your initial money when you purchased the property.

2.  High amount of value because of appreciation. Basically, a real estate property can be a good source of profit mainly because the amount of your property varies throughout the years. Assuming it has the perfect location that boosts the value of your property. 

3. Improving your property makes more amount of sale. Once you have already your property, you can make any improvement and upgrading of your house. It might be the function or even the appearance. Automatically, once you’ve done any modification and improvement on the property it also increases its value in the market.

4. The flexibility of the price.  Assuming the perfect location and maintaining the quality of the property can easily increase the value of your investment in the future. You have the opportunity to sell it more than the amount when you purchased it. 

5. It can be pass on the next generation. One great thing that you can do about your investment is the privilege to pass it on your family or to your kids. Something that you can do either before or after you passed away. A true achievement on your side knowing that the next generation of your family benefits from your investments.

6. Something to be proud of even when you are retired. It is true that one of the reasons why having such kind of investment is totally in line with your retirement. Experiencing the result of your hardships and sacrifices just to have the real estate property investment.

7. It is a great term investment. It is evident the most of the people dreams to have a real estate investment. Why? Simply because there is a future on doing this. Real estate property has a great values compare to other investment

If the opportunity knocks on your door don’t hesitate to make an investment even at the young age. It is a big challenge for us to engage in this kind of industry. And later on you will harvest the fruits of your labor, the life and leisure that you deserve. 

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