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Tips on Real Estate Buy and Sell Philippines
Real estate buy and sell Philippines is not without significant risks. If you are not careful, you might fall prey to unscrupulous real estate agents and fraudulent property owners.
Here are some tips that you will need to keep in mind when buying real estate in the Philippines.
First and foremost, you should only deal with reputable companies. Many f these real estate companies have websites or are listed in the Yellow Pages. You might want to consider talking to people who have had previous dealings with these companies.
If transactions require the services of a real estate agent, make it a point to check his or her credentials. It is not enough to inspect their IDs since identification papers can be faked with the use of computers. Instead, contact the company they belong to and verify their credentials. Find out also if he or she has legal authorization to sell the property that you are interested in buying.
Schedule an on-site inspection. Check out the lot, house, condo unit or townhouse personally. Make sure that other properties that come with the sale are indeed present and intact. Inquire about the availability of the title and make sure that it is clean (without debts or mortgages made against it).
When making payments (whether in cash or check), it should be payable to the landowner and not the agent. Always ask for an official receipt.
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