Whereas much of the world is in shock with the current real estate situation in many countries, the real estate market in the Philippines is quietly chugging along. Recent reports in popular Philippine newspapers have somehow asserted us to the fact that their property boom is still active and live. The real estate in the Philippines is booming, with new projects and peeking percentage of pre-sold project the Philippines is trending up to be a solid and exciting investment. Your one stop shop for the latest and coolest real estate projects in the Philippines. Here you will find the best deals and advice for your investment needs. Here have the biggest array of properties for you to choose from. Whether it is a lot, hose-and-lot, or a condominium you will find it all here at Manila Philippine real estate.
Manila is one of the last things that come to mind when we talk about the world’s most organized cities. This metropolis of nearly 20 million is the stereotype of a Third World city, where there are slums everywhere and issues like garbage disposal and traffic are poorly addressed. As the country’s capital, it’s such a shame that we only have this to show to the world. It smacks right against the good image that the Philippines is trying to project. But there are also good image that Manila has. One of these is the property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in these buildings or housing in general.
Below is the list of Big Condos that are located in Manila, not to mention the other real estate such as Residential House and Lot, Vacant Lots for Sale, Townhouses, Commercial Lots or Buildings, Low-Cost Housing, Hotels or Resorts for Sale and etc.
Manila Real Estates have a group of sales and marketing agents, and Metro Manila real estate brokers that have wide connections to find new homes or build homes for your needs. Prior to investing in real estate, it is always best to be well informed and comfortable about the property that we are considering. Always remember that you have few things to keep in mind before the attempt of any purchases.
Best time to buy
If you keep postponing the purchase of your home, you may have to continually catch up with the increases in real estate prices. Once you have decided on the property that you want and have looked at your finances, and then it may be time to go ahead with the purchase.
- Check if the Project has a License to Sell.
1. You should ask the seller or broker/agent of the owner/developer if the project is registered and has a License to Sell issued by HLURB:
2. This can be verified in the HLURB website (www.hlurb.gov.ph) for list of projects with approved Certificate of Registration and License to Sell;
3. Or you may go to the nearest HLURB Regional Office for this information.
- Conduct a personal visit to the subdivision/condominium, where the house and lot or condo unit to be purchased is located;
If the project has a License to Sell, you may already enter into a Contract to Sell with the owner/developer. However, there are things which must be checked:
- The date of completion of the project as indicated in the License to Sell;
- If the property is mortgaged, it should have a Clearance to Mortgage from the HLURB;
- That the facilities and amenities represented in the advertisement flyers/ brochures are in accordance with the approved subdivision and condominium plan on file with HLURB.
- Check if the broker/agent is registered with HLURB;
- Check if the property has not been sold to other buyers;
- Look into your source of income whether you can afford to pay the equity and the monthly installments;
- Check if the materials of the house conform with the development standards and approved construction specifications submitted to HLURB;
- Check who would pay the cost of the water and electric meters, the subdivision perimeter fence, etc;
- Check who would eventually operate the subdivision water system.
Before Signing the Contract
- Don’t sign any blank form of the Contract to Sell;
- Read thoroughly all the contents of the Contract to Sell more especially the terms and conditions in fine print;
- Secure a copy of the Contract to Sell and all other documents that you signed;
- Make sure that the Contract to Sell would be registered by the owner/developer to the Register of Deeds;
- Pay directly to the owner/developer or the marketing agent authorized by said owner/developer only; and
- Ask an official receipt on all payments for your file.
And also, do not forget to look into the legal securities to avoid any problems in the future.
1. Check for Title authenticity. The easiest way to check if the title to the property you are buying is authentic is by getting “Certified True Copy” of the title from the Register of Deeds. This office is usually located at the city or municipal hall where the property is located. Ask the seller of the property for a photocopy of the title -you will need the title number and the name of the owner to get a certified true copy of the title from the Register of Deeds.
2. Verify if the Title is clean – meaning the property is not mortgaged (no liens & encumbrances on the property). You can see that at the back of the title with the heading “Encumbrances”. This page must be empty if you are told that the title is “clean”. But sometimes the space for the technical description of the property on the front page of the title is not enough and the description of the property is continued on the “Encumbrances” page, this is of course all right.
3. Verification of Technical Description of the Title. You can validate this at the Register of Deeds or by hiring a private land surveyor or a geodetic engineer. Land titles don’t have any street name and number to pin point a property, it is a must to confirm that the actual property you are buying matches the technical description on the Transfer Certificate of Title.
4. Make sure that the sellers are the real owners. If you are buying from an individual property owner, ask for identification papers like passport or driver’s license, it is also a good idea to talk to the neighbors or the Barangay Captain to confirm the identity of the sellers (you might as well ask some history of the property).
5. Confirm that the yearly real estate taxes are paid. Ask for certified true copies of the Tax Declaration and original Tax Receipts and tac Clearance to confirm that real estate tax payments are up to date.
6 .Deal with License Real Estate Brokers only. They protect Buyer’s rights and prevent them from being a victim of illegal transactions and Fraud
7. Only then, it is safe to proceed with the purchase of real estate in the Philippines.
Aside from being the most effective shopping district in Southeast Asia, Manila offers picturesque spots filled with a history shared with a great number of nations which were colonizers of the archipelago state. The Philippine capital metropolis contains many tourist and get-away spots that are more than enough reasons to make investments in Manila real estate. Just before you invest in real estate in Manila district for industrial or residential purposes, attempt visiting these places for starters and figure out firsthand their charms.
You do not need to be concerned about getting about as there are lots of various sorts of public transports that will take you around the city limits. Parks and spiritual attractions also dot the metropolis. Try visiting these locations during the commemoration of their particular patron saints. Chinatown along with other immigrant pocket districts within the town also supply a fascinating view of the state’s cultural mix. Do not be concerned about your shopping requirements; all these spots have major department retail stores and lines of bazaar within the peripheries. They’re also the middle of industrial and industrial life within the metropolis, so think about them when you buy real estate in Manila. There are various other reasons why possessing a place within the capital metropolis can be a huge investment.