Prime8 Property Management & Consultancy

16/01/2025

The 90/10 Principle

Consider a situation: You're eating breakfast with your family. Your daughter accidentally knocks over a cup of coffee onto your business shirt. You curse and harshly scold your daughter for the mishap. She breaks down in tears.

After scolding her, you turn to your wife and criticize her for placing the cup too close to the edge of the table. A short verbal argument follows. You storm upstairs and change your shirt. Back downstairs, you find your daughter has been too busy crying to finish breakfast and get ready for school. She misses the bus. Your wife must leave immediately for work. You rush to the car and drive your daughter to school. Because you are late, you drive 80 km an hour in a 60 km/h speed limit zone. After a 15-minute delay and paying a $60 traffic fine, you arrive at school. Your daughter runs to the building without saying goodbye.

After arriving at the office 30 minutes late, you find you forgot your briefcase. Your day has started terribly, and as it continues, it seems to get worse and worse. You look forward to going home. When you arrive home, you find a small wedge in your relationship with your wife and daughter. Why? Because of how you reacted in the morning.

Why did you have a bad day?
A) Did the coffee cause it?
B)Did your daughter cause it?
C) Did the traffic policeman cause it?
D) Did you cause it?

The answer is D.

You had no control over what happened with the coffee. How you reacted in those 5 seconds is what caused your bad day. Here is what could have and should have happened:

Coffee splashes over you. Your daughter is about to cry. You gently say, "It's OK honey, you just need to be more careful next time." Grabbing a towel, you rush upstairs, change your shirt, and grab your briefcase. You come back down in time to look through the window and see your child getting on the bus. She turns and waves. You and your wife kiss before you both go to work. You arrive 5 minutes early and cheerfully greet the staff. Your boss comments on how good a day you are having.

Notice the difference. Two different scenarios. Both started the same but ended differently. Why? Because of how you REACTED. You really do not have any control over 10% of what happens. The other 90% is determined by your reaction.

Here are some ways to apply the 90/10 secret:

If someone says something negative about you, do not be a sponge. Let the attack roll off like water on glass. You don't have to let the negative comment affect you! React properly, and it will not ruin your day. A wrong reaction could result in losing a friend, being fired, getting stressed out, etc.

How do you react if someone cuts you off in traffic? Do you lose your temper? Pound the steering wheel? Curse? Does your blood pressure skyrocket? Do you try and bump them? WHO CARES if you arrive ten seconds later at work? Why let the blue car ruin your drive?

Remember the 90/10 principle, and do not worry about it! If you are told you lost your job, why lose sleep or get irritated? It will work out. Channel your energy and time into finding another job. If the plane is late, and it is going to mangle your schedule for the day, why vent your frustration on the flight attendant? She has no control over what is going on. Use your time to read, get to know the other passengers, etc. Why get stressed out? It will just make things worse. Now you know the 90/10 secret.

Apply it, and you will be amazed at the results.

05/11/2024

POV: MADALI LANG PALA MAGTRANSFER NG TITLE NG LUPA AT BAHAY

YUNG PROCEDURES AY ITO:

📍𝗛𝗼𝘄 𝘁𝗼 𝗧𝗿𝗮𝗻𝘀𝗳𝗲𝗿 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗧𝗶𝘁𝗹𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗣𝗵𝗶𝗹𝗶𝗽𝗽𝗶𝗻𝗲𝘀 (𝗙𝗿𝗼𝗺 𝗮 𝗦𝗮𝗹𝗲)
Properly transferring a real estate title in the Philippines is a critical step to ensure legal ownership and avoid future disputes. This process can be complex and time-consuming, but it is essential to prevent any potential legal issues and financial losses. Here's a simplified guide to help you through the process and ensure a smooth transition of ownership.

📍𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗣𝗿𝗼𝗯𝗹𝗲𝗺𝘀
𝙐𝙣𝙧𝙚𝙜𝙞𝙨𝙩𝙚𝙧𝙚𝙙 𝙎𝙖𝙡𝙚𝙨: If a property sale isn't registered and the title isn't transferred, future disputes can arise, especially if the original parties pass away.
𝙄𝙣𝙘𝙤𝙢𝙥𝙡𝙚𝙩𝙚 𝘿𝙤𝙘𝙪𝙢𝙚𝙣𝙩𝙨: Purchasing a property without verifying all documents can lead to issues if supporting documents are missing.
𝘾𝙤𝙧𝙥𝙤𝙧𝙖𝙩𝙚 𝙎𝙖𝙡𝙚𝙨: If a corporation sells a property but dissolves before the title transfer is complete, the buyer may face difficulties.
𝗦𝘁𝗲𝗽-𝗯𝘆-𝗦𝘁𝗲𝗽 𝗚𝘂𝗶𝗱𝗲
𝙄. 𝙋𝙧𝙚𝙥𝙖𝙧𝙖𝙩𝙞𝙤𝙣
1. 𝘿𝙤𝙘𝙪𝙢𝙚𝙣𝙩𝙨 𝙛𝙤𝙧 𝘿𝙚𝙚𝙙 𝙤𝙛 𝙎𝙖𝙡𝙚:
-Deed of Absolute Sale
-Acknowledgment of Payment
-Affidavit of Non-Tenancy (if applicable)
-Affidavit of Land Holdings (if applicable)
2. 𝙎𝙞𝙜𝙣𝙞𝙣𝙜 𝘿𝙤𝙘𝙪𝙢𝙚𝙣𝙩𝙨:
-Both parties sign the Deed of Sale and Acknowledgment Receipt.
-Seller signs the Affidavit of Non-Tenancy (if applicable).
-Buyer signs the Affidavit of Land Holdings (if applicable).
3. 𝘼𝙙𝙙𝙞𝙩𝙞𝙤𝙣𝙖𝙡 𝘿𝙤𝙘𝙪𝙢𝙚𝙣𝙩𝙨
-2 government-issued IDs of both parties
-Tax Identification Number (TIN) of each party
-Original Owner’s Duplicate of Title
Marriage Contract (if applicable)
-Previous Certificate Authorizing Registration (CAR)
-Tax Declaration
-Real Property Tax (RPT) Receipts
-Special Power of Attorney (SPA) if applicable
4. 𝙉𝙤𝙩𝙖𝙧𝙞𝙯𝙖𝙩𝙞𝙤𝙣: Notarize all signed documents.
𝗜𝗜. 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗖𝗼𝗺𝗽𝘂𝘁𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗖𝗲𝗿𝘁𝗶𝗳𝗶𝗲𝗱 𝗖𝗼𝗽𝗶𝗲𝘀
1. 𝘽𝙪𝙧𝙚𝙖𝙪 𝙤𝙛 𝙄𝙣𝙩𝙚𝙧𝙣𝙖𝙡 𝙍𝙚𝙫𝙚𝙣𝙪𝙚 (𝘽𝙄𝙍):
-Get computation for Documentary Stamp Tax (DST) and Capital Gains Tax (CGT).
2. 𝘾𝙞𝙩𝙮 𝙏𝙧𝙚𝙖𝙨𝙪𝙧𝙚𝙧’𝙨 𝙊𝙛𝙛𝙞𝙘𝙚:
-Get computation for Transfer Tax and Tax Clearance.
3. 𝘾𝙞𝙩𝙮 𝘼𝙨𝙨𝙚𝙨𝙨𝙤𝙧’𝙨 𝙊𝙛𝙛𝙞𝙘𝙚:
-Obtain a Certified True Copy of the Tax Declaration.
4. 𝙍𝙚𝙜𝙞𝙨𝙩𝙧𝙮 𝙤𝙛 𝘿𝙚𝙚𝙙𝙨:
-Get computation for Registration Fee and a Certified True Copy of the existing Title.
𝗜𝗜𝗜. 𝗣𝗿𝗲𝗽𝗮𝗿𝗲 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀
1. 𝘿𝙚𝙖𝙙𝙡𝙞𝙣𝙚𝙨:
-CGT: 30 days after notarization of Deed of Sale.
-DST: 5th day of the following month from notarization.
-Transfer Tax: 60 days from ex*****on of Deed of Sale.
-Registration Fee: 1 year from CAR release date + 6 months extension if approved by BIR.
𝗜𝗩. 𝗣𝗿𝗼𝗰𝗲𝘀𝘀 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀
1. 𝘽𝙄𝙍:
-Submit required documents to ONETT for computation.
-Pay DST and CGT at the Accredited Agent Bank.
-Return to BIR to file documents and obtain the new CAR.
2. 𝘾𝙞𝙩𝙮 𝙏𝙧𝙚𝙖𝙨𝙪𝙧𝙚𝙧’𝙨 𝙊𝙛𝙛𝙞𝙘𝙚:
-Submit Deed of Sale and IDs.
-Pay Transfer Tax and get the Transfer Tax Clearance.
3. 𝙍𝙚𝙜𝙞𝙨𝙩𝙧𝙮 𝙤𝙛 𝘿𝙚𝙚𝙙𝙨:
-Submit CAR, Deed of Sale, and Transfer Tax Clearance.
-Pay the registration fee.
𝗩. 𝗙𝗼𝗹𝗹𝗼𝘄 𝗨𝗽
1. 𝙍𝙚𝙜𝙞𝙨𝙩𝙧𝙮 𝙤𝙛 𝘿𝙚𝙚𝙙𝙨:
-Follow up on the new Title application.
-Once released, file a copy with the City Assessor’s Office.
𝗩𝗜. 𝗡𝗲𝘄 𝗧𝗮𝘅 𝗗𝗲𝗰𝗹𝗮𝗿𝗮𝘁𝗶𝗼𝗻
1. 𝘾𝙞𝙩𝙮 𝘼𝙨𝙨𝙚𝙨𝙨𝙤𝙧’𝙨 𝙊𝙛𝙛𝙞𝙘𝙚:
-Present the new Title to get a new Tax Declaration.
𝗙𝗶𝗻𝗮𝗹 𝗥𝗲𝗺𝗶𝗻𝗱𝗲𝗿𝘀
Pay close attention to details to avoid delays.
Bring original documents when in doubt.
Be patient due to potential wait times.
By following these steps, you can ensure a smooth and proper transfer of the real estate title

24/09/2024

📣𝗙𝗬𝗜 𝗗𝗲𝗮𝗿 𝗖𝗹𝗶𝗲𝗻𝘁𝘀, 🙂

Wag po magagalit pag tinatanong ng mga agents ang income nyo, Part po yun ng qualifying process namin as agent 🙂

𝐃𝐀𝐏𝐀𝐓 𝐀𝐋𝐀𝐌 𝐌𝐎...

Bakit mahalaga ang pre-qualifying process para sa aming mga Ahente doon sa mga kliyente namin na nag inquire..‼️

📌𝐀𝐆𝐄:
Dahil may Age limit ang pagkuha ng property..
The more mas bata ka pa at di ka lagpas sa 38 yrs old mas pasok ka sa bracket na 30 yrs to pay at ito ay pinakamababa ang monthly amortization.
Up to 70 yrs old lang pwede mka avail ng housing loan sa pagibig

📌𝐂𝐈𝐕𝐈𝐋 𝐒𝐓𝐀𝐓𝐔𝐒 :
Be honest dito...
Single, Married at Widow lang ang pwede makaavail ng Housing Loan.
If separated need na legallly separated
Ang mga SEPARATED di kayo pwede kay Pag-ibig o Bank Financing unless you can talk to your partner that your getting a property and he/she agree to submit necessary reqmnts.
Pwede din mag Inhouse Financing o Deferred Cash.

📌𝐍𝐀𝐓𝐔𝐑𝐄 𝐎𝐅 𝐖𝐎𝐑𝐊:
YES, kailangan namin malaman anong work mo para alam namin kung anong requirements ung ipapaready namin sayo 😊

📌𝐁𝐀𝐒𝐈𝐂 𝐌𝐎𝐍𝐓𝐇𝐋𝐘 𝐒𝐀𝐋𝐀𝐑𝐘 :
YES, kailangan po namin malaman hindi sa pagiging Marites sa Buhay niyo kundi kailangan talaga dahil ang Bawat property ay may Iba't Ibang Required na Salary.
Depende sa klase ng property at Location na gusto mo.

📌𝐋𝐎𝐂𝐀𝐋 𝐄𝐌𝐏𝐋𝐎𝐘𝐄𝐃 𝐨 𝐎𝐅𝐖:
Kailangan din namin to malaman kasi magkaiba ang reguirements ng Local Employed at ang OFW.

📌𝐏𝐀𝐆-𝐈𝐁𝐈𝐆 𝐌𝐄𝐌𝐁𝐄𝐑⁉️
Yes, Since Pag'ibig Financing ang pinakamababa na Interest Rate at Gusto mo talaga through Pag'ibig Financing, Required talaga ni Pag-ibig na Member kayo.

📌𝐌𝐀𝐘 𝐀𝐓𝐋𝐄𝐀𝐒𝐓 𝟐𝟒 𝐌𝐎𝐍𝐓𝐇𝐒 𝐂𝐎𝐍𝐓𝐑𝐈𝐁𝐔𝐓𝐈𝐎𝐍⁉️
Yes, Required ni Pag-ibig na may atleast 24 months contribution kayo.
Kapag di abot pwede lumpsum payment or matagal na di naghulog update niyo lang.

📌𝐅𝐈𝐑𝐒𝐓 𝐓𝐈𝐌𝐄 𝐁𝐀 𝐌𝐀𝐆 𝐀𝐕𝐀𝐈𝐋 𝐍𝐆 𝐏𝐀𝐆'𝐈𝐁𝐈𝐆 𝐇𝐎𝐔𝐒𝐈𝐍𝐆 𝐋𝐎𝐀𝐍⁉️
YES, Dapat maging Honest ka sa pagsagot kasi ang mga na Block listed na sa Pag'ibig is di na pwede mag Avail ng Pag'ibig Housing Loan.
Sino-Sino yong na Block list kay Pag'ibig ⁉️
Wag ma offend

30/08/2024

Real estate industry is not dead 😁

23/07/2024

ATS( Authourity to Sell)

Once you enter into Real Estate transaction, first requisites is ATS para mahimong legal ang transaction. Transactions without ATS fully signed by a license broker is considered as illegal and punishable by law.

Pls refer to Civil Code Article 1874.

18/07/2024

When deciding between preselling (pre-selling) and RFO (Ready for Occupancy) properties in real estate, here are the key differences and considerations:

▪️Preselling Properties:

👉Lower Initial Cost: Preselling properties are typically sold at a lower price compared to RFO properties because they are sold during the construction phase.

👉Potential for Price Appreciation: There is a potential for the property's value to increase by the time construction is completed and the property is ready for turnover. If the market is bullish or if the development area is expected to grow, the property's value may appreciate significantly.

👉Payment Flexibility: Developers often offer flexible payment terms during the preselling period, which can be advantageous for buyers who need more time to arrange their finances.

▪️RFO (Ready for Occupancy) Properties:

👉Immediate Use: RFO properties are ready for occupancy upon purchase, allowing buyers to move in or start earning rental income immediately.

👉Fixed Price: Since the property is already completed, the price is fixed and usually higher compared to preselling prices for similar units in the same development.

👉Immediate Rental Income: If buying for investment purposes, RFO properties can start generating rental income right away, depending on market conditions and demand.

09/07/2024

https://www.rent.ph/news/new-post

Proud Member Of: Philippine Allied Chamber of Real Estate Brokers and Licensed Salesmen | National Association of Realtors - International Realtor Member | Rent Philippines

03/07/2024

Have you ever wondered what those letters engraved means❓

🟢 PS - Stands for Private Surveying. It means that it is surveyed by a "PRIVATE" geodetic engineer

🟢 BL- Stands for Bureau of Lands. It means that it is surveyed by the Land Management Bureau

🟢 PLS - Stands for Public Land Subdivision. Stands for Public Land Subdivision

🟢 AR - Stands for Agrarian Reform. A surveyed land for Agricultural purpose

Now you know! 👍

06/06/2024

QUESTION:

WHAT ARE THE OPTIONS /BENEFITS IF I PURCHASE A PRE-SELLING PROPERTY ?

P𝗎𝗋𝖼𝗁𝖺𝗌𝗂𝗇𝗀 𝖺 𝗉𝗋𝖾-𝗌𝖾𝗅𝗅𝗂𝗇𝗀 𝗉𝗋𝗈𝗉𝖾𝗋𝗍𝗒 𝖼𝖺𝗇 𝗈𝖿𝖿𝖾𝗋 𝖿𝗂𝗇𝖺𝗇𝖼𝗂𝖺𝗅 𝖻𝖾𝗇𝖾𝖿𝗂𝗍𝗌, 𝖼𝗎𝗌𝗍𝗈𝗆𝗂𝗓𝖺𝗍𝗂𝗈𝗇 𝗈𝗉𝗍𝗂𝗈𝗇𝗌, 𝖺𝗇𝖽 𝗍𝗁𝖾 𝗉𝗈𝗍𝖾𝗇𝗍𝗂𝖺𝗅 𝖿𝗈𝗋 𝗂𝗇𝗏𝖾𝗌𝗍𝗆𝖾𝗇𝗍 𝗀𝗋𝗈𝗐𝗍𝗁.

𝖧𝗈𝗐𝖾𝗏𝖾𝗋, 𝗂𝗍'𝗌 𝖾𝗌𝗌𝖾𝗇𝗍𝗂𝖺𝗅 𝗍𝗈 𝗋𝖾𝗌𝖾𝖺𝗋𝖼𝗁 𝗍𝗁𝖾 𝖽𝖾𝗏𝖾𝗅𝗈𝗉𝖾𝗋, 𝗉𝗋𝗈𝗃𝖾𝖼𝗍, 𝖺𝗇𝖽 𝗆𝖺𝗋𝗄𝖾𝗍 𝖼𝗈𝗇𝖽𝗂𝗍𝗂𝗈𝗇𝗌 𝗍𝗁𝗈𝗋𝗈𝗎𝗀𝗁𝗅𝗒 𝖻𝖾𝖿𝗈𝗋𝖾 𝗆𝖺𝗄𝗂𝗇𝗀 𝖺 𝖽𝖾𝖼𝗂𝗌𝗂𝗈𝗇.

𝟣. 𝖫𝗈𝗐𝖾𝗋 𝖯𝗋𝗂𝖼𝖾: 𝖯𝗋𝖾-𝗌𝖾𝗅𝗅𝗂𝗇𝗀 𝗉𝗋𝗈𝗉𝖾𝗋𝗍𝗂𝖾𝗌 𝖺𝗋𝖾 𝗈𝖿𝗍𝖾𝗇 𝗈𝖿𝖿𝖾𝗋𝖾𝖽 𝖺𝗍 𝗅𝗈𝗐𝖾𝗋 𝗉𝗋𝗂𝖼𝖾𝗌 𝖼𝗈𝗆𝗉𝖺𝗋𝖾𝖽 𝗍𝗈 𝖿𝗎𝗅𝗅𝗒 𝖼𝗈𝗇𝗌𝗍𝗋𝗎𝖼𝗍𝖾𝖽 𝗎𝗇𝗂𝗍𝗌, 𝖺𝗅𝗅𝗈𝗐𝗂𝗇𝗀 𝖻𝗎𝗒𝖾𝗋𝗌 𝗍𝗈 𝗉𝗈𝗍𝖾𝗇𝗍𝗂𝖺𝗅𝗅𝗒 𝗌𝖺𝗏𝖾 𝗆𝗈𝗇𝖾𝗒.

𝟤. 𝖥𝗅𝖾𝗑𝗂𝖻𝗅𝖾 𝖯𝖺𝗒𝗆𝖾𝗇𝗍 𝖳𝖾𝗋𝗆𝗌: 𝖣𝖾𝗏𝖾𝗅𝗈𝗉𝖾𝗋𝗌 𝗍𝗒𝗉𝗂𝖼𝖺𝗅𝗅𝗒 𝗈𝖿𝖿𝖾𝗋 𝖿𝗅𝖾𝗑𝗂𝖻𝗅𝖾 𝗉𝖺𝗒𝗆𝖾𝗇𝗍 𝗍𝖾𝗋𝗆𝗌 𝖽𝗎𝗋𝗂𝗇𝗀 𝗍𝗁𝖾 𝗉𝗋𝖾-𝗌𝖾𝗅𝗅𝗂𝗇𝗀 𝗉𝖾𝗋𝗂𝗈𝖽, 𝗆𝖺𝗄𝗂𝗇𝗀 𝗂𝗍 𝖾𝖺𝗌𝗂𝖾𝗋 𝖿𝗈𝗋 𝖻𝗎𝗒𝖾𝗋𝗌 𝗍𝗈 𝗆𝖺𝗇𝖺𝗀𝖾 𝗍𝗁𝖾𝗂𝗋 𝖿𝗂𝗇𝖺𝗇𝖼𝖾𝗌.

𝟥. 𝖯𝗈𝗍𝖾𝗇𝗍𝗂𝖺𝗅 𝖿𝗈𝗋 𝖠𝗉𝗉𝗋𝖾𝖼𝗂𝖺𝗍𝗂𝗈𝗇: 𝖠𝗌 𝗍𝗁𝖾 𝗉𝗋𝗈𝗉𝖾𝗋𝗍𝗒 𝗂𝗌 𝗌𝗍𝗂𝗅𝗅 𝗎𝗇𝖽𝖾𝗋 𝖼𝗈𝗇𝗌𝗍𝗋𝗎𝖼𝗍𝗂𝗈𝗇, 𝗍𝗁𝖾𝗋𝖾 𝗂𝗌 𝖺 𝖼𝗁𝖺𝗇𝖼𝖾 𝖿𝗈𝗋 𝗂𝗍𝗌 𝗏𝖺𝗅𝗎𝖾 𝗍𝗈 𝖺𝗉𝗉𝗋𝖾𝖼𝗂𝖺𝗍𝖾 𝖻𝗒 𝗍𝗁𝖾 𝗍𝗂𝗆𝖾 𝗂𝗍 𝗂𝗌 𝖼𝗈𝗆𝗉𝗅𝖾𝗍𝖾𝖽, 𝗉𝗋𝗈𝗏𝗂𝖽𝗂𝗇𝗀 𝗉𝗈𝗍𝖾𝗇𝗍𝗂𝖺𝗅 𝖿𝗈𝗋 𝗂𝗇𝗏𝖾𝗌𝗍𝗆𝖾𝗇𝗍 𝗀𝗋𝗈𝗐𝗍𝗁.

𝟦. 𝖮𝗉𝗉𝗈𝗋𝗍𝗎𝗇𝗂𝗍𝗒 𝖿𝗈𝗋 𝖢𝗎𝗌𝗍𝗈𝗆𝗂𝗓𝖺𝗍𝗂𝗈𝗇: 𝖡𝗎𝗒𝖾𝗋𝗌 𝗆𝖺𝗒 𝗁𝖺𝗏𝖾 𝗍𝗁𝖾 𝗈𝗉𝗉𝗈𝗋𝗍𝗎𝗇𝗂𝗍𝗒 𝗍𝗈 𝖼𝗎𝗌𝗍𝗈𝗆𝗂𝗓𝖾 𝖼𝖾𝗋𝗍𝖺𝗂𝗇 𝖺𝗌𝗉𝖾𝖼𝗍𝗌 𝗈𝖿 𝗍𝗁𝖾 𝗉𝗋𝗈𝗉𝖾𝗋𝗍𝗒, 𝗌𝗎𝖼𝗁 𝖺𝗌 𝖿𝗂𝗇𝗂𝗌𝗁𝖾𝗌 𝗈𝗋 𝗅𝖺𝗒𝗈𝗎𝗍, 𝖺𝖼𝖼𝗈𝗋𝖽𝗂𝗇𝗀 𝗍𝗈 𝗍𝗁𝖾𝗂𝗋 𝗉𝗋𝖾𝖿𝖾𝗋𝖾𝗇𝖼𝖾𝗌.

𝟧. 𝖡𝖾𝗍𝗍𝖾𝗋 𝖲𝖾𝗅𝖾𝖼𝗍𝗂𝗈𝗇: 𝖣𝗎𝗋𝗂𝗇𝗀 𝗍𝗁𝖾 𝗉𝗋𝖾-𝗌𝖾𝗅𝗅𝗂𝗇𝗀 𝗉𝗁𝖺𝗌𝖾, 𝖻𝗎𝗒𝖾𝗋𝗌 𝗁𝖺𝗏𝖾 𝖺𝖼𝖼𝖾𝗌𝗌 𝗍𝗈 𝖺 𝗐𝗂𝖽𝖾𝗋 𝗌𝖾𝗅𝖾𝖼𝗍𝗂𝗈𝗇 𝗈𝖿 𝗎𝗇𝗂𝗍𝗌 𝗐𝗂𝗍𝗁𝗂𝗇 𝗍𝗁𝖾 𝖽𝖾𝗏𝖾𝗅𝗈𝗉𝗆𝖾𝗇𝗍, 𝗂𝗇𝖼𝗋𝖾𝖺𝗌𝗂𝗇𝗀 𝗍𝗁𝖾𝗂𝗋 𝖼𝗁𝖺𝗇𝖼𝖾𝗌 𝗈𝖿 𝖿𝗂𝗇𝖽𝗂𝗇𝗀 𝗍𝗁𝖾 𝗂𝖽𝖾𝖺𝗅 𝗉𝗋𝗈𝗉𝖾𝗋𝗍𝗒.

𝟨. 𝖤𝖺𝗋𝗅𝗒 𝖠𝖼𝖼𝖾𝗌𝗌 𝗍𝗈 𝖠𝗆𝖾𝗇𝗂𝗍𝗂𝖾𝗌: 𝖨𝗇 𝗌𝗈𝗆𝖾 𝖼𝖺𝗌𝖾𝗌, 𝖻𝗎𝗒𝖾𝗋𝗌 𝗈𝖿 𝗉𝗋𝖾-𝗌𝖾𝗅𝗅𝗂𝗇𝗀 𝗉𝗋𝗈𝗉𝖾𝗋𝗍𝗂𝖾𝗌 𝗆𝖺𝗒 𝗀𝖺𝗂𝗇 𝖾𝖺𝗋𝗅𝗒 𝖺𝖼𝖼𝖾𝗌𝗌 𝗍𝗈 𝖺𝗆𝖾𝗇𝗂𝗍𝗂𝖾𝗌 𝗈𝗋 𝖿𝖺𝖼𝗂𝗅𝗂𝗍𝗂𝖾𝗌 𝖻𝖾𝗂𝗇𝗀 𝖽𝖾𝗏𝖾𝗅𝗈𝗉𝖾𝖽 𝖺𝗌 𝗉𝖺𝗋𝗍 𝗈𝖿 𝗍𝗁𝖾 𝗉𝗋𝗈𝗃𝖾𝖼𝗍.

𝟩. 𝖫𝗈𝗇𝗀𝖾𝗋 𝖯𝖺𝗒𝗆𝖾𝗇𝗍 𝖯𝖾𝗋𝗂𝗈𝖽: 𝖯𝗋𝖾-𝗌𝖾𝗅𝗅𝗂𝗇𝗀 𝗉𝗋𝗈𝗉𝖾𝗋𝗍𝗂𝖾𝗌 𝗈𝖿𝗍𝖾𝗇 𝖼𝗈𝗆𝖾 𝗐𝗂𝗍𝗁 𝗅𝗈𝗇𝗀𝖾𝗋 𝗉𝖺𝗒𝗆𝖾𝗇𝗍 𝗉𝖾𝗋𝗂𝗈𝖽𝗌, 𝗌𝗉𝗋𝖾𝖺𝖽𝗂𝗇𝗀 𝗈𝗎𝗍 𝗍𝗁𝖾 𝖿𝗂𝗇𝖺𝗇𝖼𝗂𝖺𝗅 𝖻𝗎𝗋𝖽𝖾𝗇 𝗈𝗏𝖾𝗋 𝖺 𝗆𝗈𝗋𝖾 𝖾𝗑𝗍𝖾𝗇𝖽𝖾𝖽 𝗉𝖾𝗋𝗂𝗈𝖽.

05/06/2024

Beware of the word “CLEAN TITLE”

You can only call it clean title IF:

⭕ Owners that appears in the title of the property are still ALIVE & CAN SIGN documents

⭕ NO disputes attached in the title AND “certified true copy” of the title.
Please take note of the word “AND” because not all disputes are printed in the original title itself. Thus, it is very important to request for the latest certified true copy of the title.

⭕ All real estate taxes are paid on time. Always request for latest real estate tax clearance.

⭕ If the owners are married (on or after 1987) the property is considered conjugal even if only one property owner is in the title. Both should sign sale documents. Should the property owner dies, heirs should file and pay for the estate tax of all the properties.

⭕ If the property estate taxes are not yet paid, the property cannot be called “CLEAN”.

⭕ Magkaiba po ang real estate tax na binabayaran ninyo annually at ang estate tax (BIR FORM 1801). You only pay estate tax if the owner in the title is already dead. Penalties (like big penalties) apply for late filing.