Why Buyers Should Visit the Clerk of Court for Property Jurisdiction Clearance When embarking on the journey of purchasing a property, thorough due diligence is an absolute necessity. You've already taken the prudent steps of verifying the title in the Register of Deeds and the tax declaration in the Assessor's office. Everything was in order; there were no red flags or annotation...
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The Importance of Verifying the BIR TIN of Property Sellers for VAT Consideration In the world of real estate transactions, there are various taxes and expenses that both buyers and sellers need to be aware of. One of the crucial factors that can significantly impact the financial aspect of a property sale is the Value Added Tax (VAT), which is set at 12% in the Philippines. To avoid unexpected...
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The Importance of Due Diligence: A Visit to the Register of Deeds Office Conducting thorough due diligence is a fundamental step in any property transaction. It serves as a safeguard against potential legal and financial complications. A critical component of this process involves a visit to the Register of Deeds Office. Here's why it's essential and what steps should be taken: 1....
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Title: The Importance of Visiting the Local Assessor's Office in Property Due Diligence When considering the purchase of a property, conducting due diligence is essential to ensure a smooth and secure transaction. One crucial aspect of this process is visiting the Local Assessor's Office. In this article, we will explore why a visit to this office is crucial and what...
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How to Determine the Property Market Value in the Philippines? The property market value in the Philippines is determined through various factors that affect the real estate industry. Determining the market value of a property is important for buyers and sellers, real estate brokers, and property appraisers. The market value is a crucial factor in determining the fair price for the property,...
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The Importance of Real Estate Broker's in the Due Diligence Process When Buying Property in the Philippines: Buying property in the Philippines can be a complex and time-consuming process, especially if you are not familiar with the local laws and regulations. This is where a real estate broker can be a valuable resource in helping you navigate the due diligenc...
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