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Tips in Buying a Manila Property

Posted by admin on August 8, 2012
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Do you want to buy a property but don’t know how? For first timers, it might seem confusing and you literally don’t know where to begin. Processing a property is actually simple if you are guided. Listed below are simple tips to follow before purchasing a Manila Property.

Since you are already reading this article, it means that you already chose a property to buy. All you need know are the tips in buying.

First thing to do is to make sure that all the documents are real. All of it should be authentic, especially the land title. You can ask from the city hall to double check for the authenticity of the documents. There are so many scammers nowadays who can make a document look real. To protect yourself, you just have to be vigilant and inquisitive.

It is also essential that you check the specifics of the document, such as size of the land, location and many more. All of these are put in detail in the land title. At times, people do not follow what is stated on the title and just claim that this portion is theirs, wherein fact, it is still covered in your document. You can ask for help from an engineer to double check.

In buying, it is also advisable that you buy a title from the owner itself. In this way, it is easier to check the person’s background. For identification purposes, you can check their license and even ask around their area regarding the seller.

Moreover, you have to check if the title offered to you is clean. This means that it has not been mortgaged by the bank or there are no other problems attached to it. You can double check if the title by reading. Still, if you are confused with all the papers in front of you, ask for advice from a trusted lawyer.

Now, prior to paying, it is important for you to confirm if the taxes have already been paid. You do not want to be the one paying for the previous taxes which were not paid by the irresponsible owner. Everything should be spic and span before accepting or buying the Manila property. You can also ask a copy of their receipts so you have a proof in case someone asks for it.

All of the mentioned tips are important to be followed. With scammers here and there, it is more important that we become watchful and vigilant of our purchase. This process is actually not hard as long as you read and confirm everything before making the final purchase.



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