Home PEx Lifestyle Home and Garden

Question about vacant lot purchase

Hello mga kabayan,

Gusto ko lang pong itanong ang mga sumusunod, baka po may nagdaan na sa ganitong proseso na pwedeng magbahagi ng kanilang kaalaman.

1. Kung bibili ng bakanteng lote at cash basis po, paano ba ang mainam na transaksyon (bank to bank kung posible, involvement ng lawyer ng 2 parties, etc)? Dahil sa dami po ng bogus seller ng mga bakanteng lote ngayon, may mga access sila sa copy ng pekeng titulo at kung ano ano pa, hindi ko po maisip kung kailangan bang i-require na magdaan kami pareho ng seller sa abugado namin?

2. Dahil nasa labas pa po ako ng bansa pero interesado ako sa isang lote, kung papayag ang seller eh delikado po ba kung magda down muna ako (parang reservation fee) ng siguro 30% ng total price at hihingi na lang ako ng kasulatan, or delikado po ito dahil baka ibenta sa iba ang lote at wala na akong maging habol sa pera ko? Ang rason po kasi eh baka hindi mahintay ng seller ang pag uwi ko at maibenta na sa iba ang lote.

3. Magkano po ang inaabot ng pag transfer ng titulo, kung ipapangalan muna ang titulo sa sister ko at pag uwi ko eh ita transfer na lang ulit sa pangalan ko, para mabili lang yung lote ng hindi na ako kailangang hintayin pag uwi ko?

Salamat po ng marami sa mga sasagot.

Comments

  • 0fw1212 wrote: »
    Hello mga kabayan,

    Gusto ko lang pong itanong ang mga sumusunod, baka po may nagdaan na sa ganitong proseso na pwedeng magbahagi ng kanilang kaalaman.

    1. Kung bibili ng bakanteng lote at cash basis po, paano ba ang mainam na transaksyon (bank to bank kung posible, involvement ng lawyer ng 2 parties, etc)? Dahil sa dami po ng bogus seller ng mga bakanteng lote ngayon, may mga access sila sa copy ng pekeng titulo at kung ano ano pa, hindi ko po maisip kung kailangan bang i-require na magdaan kami pareho ng seller sa abugado namin?

    If you are not experienced or familiar with real estate transactions, you should hire a lawyer or real estate agent/broker to help you. You should also visit the RD to inspect the RD copy of the title to make sure everything is legitimate. When you make the payment, it is better to do it via manager's check so that you won't have to carry cash with you and bring someone with you when you hand over the check.
    0fw1212 wrote: »
    2. Dahil nasa labas pa po ako ng bansa pero interesado ako sa isang lote, kung papayag ang seller eh delikado po ba kung magda down muna ako (parang reservation fee) ng siguro 30% ng total price at hihingi na lang ako ng kasulatan, or delikado po ito dahil baka ibenta sa iba ang lote at wala na akong maging habol sa pera ko? Ang rason po kasi eh baka hindi mahintay ng seller ang pag uwi ko at maibenta na sa iba ang lote.

    Before you release any amount, you should already have a signed and notarized contract for your protection. If you are abroad, authorize someone via an SPA. It's also important to have the contract annotated on the title for additional protection against "double sales" where the seller sells the property to two or more buyers.
    0fw1212 wrote: »
    3. Magkano po ang inaabot ng pag transfer ng titulo, kung ipapangalan muna ang titulo sa sister ko at pag uwi ko eh ita transfer na lang ulit sa pangalan ko, para mabili lang yung lote ng hindi na ako kailangang hintayin pag uwi ko?

    Salamat po ng marami sa mga sasagot.

    Even if you're abroad you can still have the title transferred to your name directly since you are the actual buyer. This will save you a lot of money in transfer and other fees.
  • You should break up your payments so you are protected.

    50% to initiate the transaction.
    50% upon completion of transfer of title and payment of all taxes and fees to BIR.

    The seller is usually the one paying the 6% capital gains tax while you the buyer pays the 1.5% documentary stamps plus any other fees to transfer the title.

    You need to make sure the seller follows thru on the payments to BIR since this is required to transfer the title. Also watch out for unpaid property taxes that has accumulated over the years.
  • Salamat po sa information.

    Last question po, kung ang seller ay hindi owner ng lupa, pero may SPA (special power of attorney) from the embassy kung saan andun ang owner ng lupa, may possibility po ba na magkaroon ng issue? Hindi ko po alam kung gaano kadali gumawa ng pekeng SPA, pero kung may chances na fraudulent paper po ito, paano malalaman?

    Salamat po ulit.
  • 0fw1212 wrote: »
    Salamat po sa information.

    Last question po, kung ang seller ay hindi owner ng lupa, pero may SPA (special power of attorney) from the embassy kung saan andun ang owner ng lupa, may possibility po ba na magkaroon ng issue? Hindi ko po alam kung gaano kadali gumawa ng pekeng SPA, pero kung may chances na fraudulent paper po ito, paano malalaman?

    Salamat po ulit.

    When you're dealing with an agent/representative and not directly with the owner there will always be the risk of fraud. Unless you personally verify from the owner, you can't be sure that the agent is really authorized to sell the property or if the property is even for sale. If you don't know the owner, you can't even be sure that it is his signature that appears on the SPA. Documents can be easily forged to look authentic.
  • Salamat po sa inputs.

    Kung ipapasok po ba sa bank, let's say bank financing, di ba meron po silang sariling investigator or credit checks na ginagawa pati sa register of deeds bago nila irelease ang pera sa seller, mas safe po ba yun at hayaan na sila na lang ang gumawa ng investigation to ensure na hindi fake ang titulo?

    God bless.
  • 0fw1212 wrote: »
    Salamat po sa inputs.

    Kung ipapasok po ba sa bank, let's say bank financing, di ba meron po silang sariling investigator or credit checks na ginagawa pati sa register of deeds bago nila irelease ang pera sa seller, mas safe po ba yun at hayaan na sila na lang ang gumawa ng investigation to ensure na hindi fake ang titulo?

    God bless.

    Banks usually conduct an appraisal/ocular inspection of the property to decide how much they will value the property which determines the loan amount you will be given. Banks also conduct a title verification with the RD to check that the genuineness of your title and its history. It will cost you extra but it's safer this way since banks are experienced in title verifications.
  • azr1992 wrote: »
    Banks usually conduct an appraisal/ocular inspection of the property to decide how much they will value the property which determines the loan amount you will be given. Banks also conduct a title verification with the RD to check that the genuineness of your title and its history. It will cost you extra but it's safer this way since banks are experienced in title verifications.

    thanks for this post.

    eto rin iniisip ko, idaan ko sa loan ang pagbili ng lote para meron third party na mag verify ng titulo.
  • Bank to Bank bayaran para safe kahit wala ng lawyer( may kilala ako may lawyer pa sobrang higpit sa papel at transaction , not knowing yung lupang binili nakuha ng kalsada yung ibang portion)

    1. Verify mo (o ng SPA mo) yung title (TCT) sa registry of deeds para makita mo kung totoo nga ito o naka mortgage yung property o kaya may kaso
    2. Punta ka sa TaxMapping (assessor office) at sa Munipal/City Planning, verify mo yung lote baka tatamaan yan ng kalsada, o kaya
    future project ng government
    3. Eto applicable sa lote sa barrio o barangay yung nasa labas ng subd: Tignan mo yung lote ng actual, baka may portion sa harapan ng kinain ng kalsada na hindi pa naieflect sa Tct (ex , naka indicate 200sqm, pero sa actual 190sqm na lang kasi kinain na ng kalsada)
Sign In or Register to comment.