The Importance of Due Diligence When Buying Property from a Corporation Buying real estate is a significant financial commitment, and it's essential to exercise due diligence to ensure a smooth and legal transaction. This diligence becomes even more critical when the seller is a corporation. In such cases, there are specific documents and processes that prospective buyers should s...
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MANILA -Property giant Ayala Land Inc. saw profits soar 38 percent to P18.4 billion during the first nine months of the year on strong mall revenues and stable housing sales. Total revenues from January to September expanded by 15 percent to P98.9 billion versus the same period last year, a stock exchange filing on Wednesday showed. “The strong performance of our various business...
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The Importance of Validating the Identity of the Seller to Prevent Scams and Identity Theft In today's digital age, the real estate market has seen a surge in scams and identity theft cases. As a prospective buyer, it's crucial to prioritize due diligence to protect yourself from fraudulent activities. One of the essential steps in this process is to verify or validate the seller's...
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Flipping Properties: A Lucrative Strategy for Real Estate Investment In real estate investment, property flipping is an exciting and potentially lucrative avenue for those willing to roll up their sleeves and get their hands dirty. This strategy involves purchasing properties, often distressed or undervalued, making strategic renovations or improvements, and selling them at a higher price. Whil...
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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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