News

Tips for Performing Due Diligence on Tax Declarations when Buying Real Estate in the Philippines:

Posted on Sat, Oct 26, 2024 2:47 PM by DR. SAMUEL O. LAO, REB, MM-REM in Tips and Advice

Tips for Performing Due Diligence on Tax Declarations when Buying Real Estate in the Philippines: --- 1. Obtain a Copy of the Latest Tax Declaration The Tax Declaration is an official document issued by the local assessor’s office that provides details on the property’s assessed value for tax purposes. This document is essential for verifying the property’s value, owners...

Read more

Essential Steps to Verify Ownership and Title in Philippine Real Estate Due Diligence

Posted on Sat, Oct 26, 2024 2:39 PM by DR. SAMUEL O. LAO, REB, MM-REM in Tips and Advice

Essential Steps to Verify Ownership and Title in Philippine Real Estate Due Diligence Buying real estate in the Philippines can be a rewarding investment, but due diligence is critical to avoid unexpected issues. One of the most essential steps is verifying ownership and title to ensure that the property is legally clear for sale. This article will discuss key elements in confirming ownership,...

Read more

 Why Buyers Should Visit the Clerk of Court for Property Jurisdiction Clearance

Posted on Tue, Nov 7, 2023 10:17 PM by DR. SAMUEL O. LAO, REB, MM-REM in Tips and Advice

 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...

Read more

The Importance of Verifying the BIR TIN of Property Sellers for VAT Consideration

Posted on Sun, Nov 5, 2023 8:37 AM by DR. SAMUEL O. LAO, REB, MM-REM in Tips and Advice

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...

Read more

A Visit to the Register of Deeds Office

Posted on Fri, Nov 3, 2023 2:12 PM by DR. SAMUEL O. LAO, REB, MM-REM in Tips and Advice

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....

Read more

The Importance of Visiting the Local Assessor's Office in Property Due Diligence

Posted on Tue, Oct 31, 2023 4:10 PM by DR. SAMUEL O. LAO, REB, MM-REM in Tips and Advice

  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...

Read more