Yes. by virtue of Administrative Order No. 2003-06 of the Department of Environment and Natural Resources, certain islands that are tax declared can now be titled for as long as they are classified as alienable and disposable because of the recent lifting of the moratorium on the disposition and granting of any title, concession, permit or lease on all small islands nationwide. .
But there are properties that cannot be issued titled.
Make sure you are dealing with Licensed Real Estate Brokers in the Philippines that have checked the tax declared property for you.
Real Estate Stories in Manila Headline Animator
Thursday, October 1, 2009
Tuesday, September 29, 2009
Real Estate Agent Bypassers
Real Estate Agent Bypassers- there's alot in real estate industry specially when you are dealing with big transactions. How can you take hold of the seller and the buyer so that you are sure that you will not be bypassed, one word-trust. There's one transaction i had that the staff of the buyer would want to bypass me as a broker. Since i have summitted all the documents to the company, so they know the location and name of registered owner through that documents. That staff was instructed to have ocular visit first because the buyer has just arrived from London and scheduled to visit the property a week later. That staff was also instructed to call ME as the broker first before she visits the property.krrggggg my phone rang and heard a tone of disappoint from co-broker " Marivic your buyer will visit the property tomorrow! Do you know this?" and i replied that i dont know."Upon checking it was the staff who directly called the seller will visit the property without telling hmmmm!!!! something fishy... obviously she/he wants to bypass me.It's good that the seller trusted my group who initially visited the property and advised us that someone will go visit the property from our buyer. The seller asked us to be present at the time visit of that "unscrupulous staff". It's good also that my friend who is very close to the buyer and that the buyer gave the assurance that we hold that property.
Lessons:1. Guard the property you are selling from unscrupulous bypassers
2. Make sure that the direct seller and direct buyer trusts you or the person you are with. I tell it is more than written agreement.
Lessons:1. Guard the property you are selling from unscrupulous bypassers
2. Make sure that the direct seller and direct buyer trusts you or the person you are with. I tell it is more than written agreement.
Monday, September 28, 2009
Real Estate Broker Credibility Test Story
I think all brokers and agents will come to this test in their real estate journey:
Friday i had an instant client tripping in alfonso cavite-metro tagaytay area. I said instant because we were not supposed to go there in alfonso but in calaca. Because of the bad weather, my client asked me to show property near tagaytay and i call my friend immediately and asked if there's any and fortunately their neighbor who is also an agent told her that he has good property for sale.
So there we went to the property (without me inspecting the documents yet, but not to waste time because we were already there in tagaytay i showed to her the property being told). Fortunately, the property was very nice in location and planted with different fruit bearing trees, cacao, pepper and others it's 15 minutes straight way path from tagaytay-nasugbo national highway. Offer price was 600 per sqm relativelu cheaper with content and area of the property... other property there is being sold 800-1500 per sqm . So i told the buyer it's really cheap.
The following day, the buyer called me and asked me if the documents of that said property is ok... unfortunately i told her that i cant tell it yet not until i scrutinized and checked the documents by my self on Monday. She said that if i tell it so that the document is ok she will put in 1 million cash down payment immediately wow!!! (cash in! cash in!)
Happy as i am, i went to alfonso with to check the property documents and meet the owners. To my surprise.. the property is named/titled to the late father of the sellers. My jaw dropped because i know we'll be working on a very high expenses to make sure the documents are legally transferred to sons and daughter of the late property owner. But the sellers (daughter and sons) suggest that we would just forged their father's signature anyway it's their father and no other people would claim to the property and told me that is the "norm" there in their area ...
it's their norm but not my norm . I told them that im sorry i cannot go enter into contract with these documents not unless you will settle every thing in legal way. Im a licensed broker and i dont want to put my name in that contract knowing that it's not legally transferred, that's all end of conversation. At that moment i know im loosing "cash in!" but i know i will earn double or tripple in God's time.
The only solution to that is to have extra judicial settlement of all properties left by their father and that would cost them alot... that's the only time i can offer to sell their property.
It's good that i saw one of the city councilors who is also a good friend of mine in nearby city and asked it she is selling a property near tagaytay- wallah! there's one though a higher amount but worth much more than we initially offer. Now i just have to pray that the buyer will also like that property which i think she WILL.
Lessons:
1. NEVER show property to your client without you scrutinizing the documents of the property.
2. When you know that your credibility- obviously is being test immediately turn it down with all your heart- follow the narrow gate remember? because it is the gate to heaven.
3. Always have an alternative property to show and that alternative property, documents has already been checked.
Friday i had an instant client tripping in alfonso cavite-metro tagaytay area. I said instant because we were not supposed to go there in alfonso but in calaca. Because of the bad weather, my client asked me to show property near tagaytay and i call my friend immediately and asked if there's any and fortunately their neighbor who is also an agent told her that he has good property for sale.
So there we went to the property (without me inspecting the documents yet, but not to waste time because we were already there in tagaytay i showed to her the property being told). Fortunately, the property was very nice in location and planted with different fruit bearing trees, cacao, pepper and others it's 15 minutes straight way path from tagaytay-nasugbo national highway. Offer price was 600 per sqm relativelu cheaper with content and area of the property... other property there is being sold 800-1500 per sqm . So i told the buyer it's really cheap.
The following day, the buyer called me and asked me if the documents of that said property is ok... unfortunately i told her that i cant tell it yet not until i scrutinized and checked the documents by my self on Monday. She said that if i tell it so that the document is ok she will put in 1 million cash down payment immediately wow!!! (cash in! cash in!)
Happy as i am, i went to alfonso with to check the property documents and meet the owners. To my surprise.. the property is named/titled to the late father of the sellers. My jaw dropped because i know we'll be working on a very high expenses to make sure the documents are legally transferred to sons and daughter of the late property owner. But the sellers (daughter and sons) suggest that we would just forged their father's signature anyway it's their father and no other people would claim to the property and told me that is the "norm" there in their area ...
it's their norm but not my norm . I told them that im sorry i cannot go enter into contract with these documents not unless you will settle every thing in legal way. Im a licensed broker and i dont want to put my name in that contract knowing that it's not legally transferred, that's all end of conversation. At that moment i know im loosing "cash in!" but i know i will earn double or tripple in God's time.
The only solution to that is to have extra judicial settlement of all properties left by their father and that would cost them alot... that's the only time i can offer to sell their property.
It's good that i saw one of the city councilors who is also a good friend of mine in nearby city and asked it she is selling a property near tagaytay- wallah! there's one though a higher amount but worth much more than we initially offer. Now i just have to pray that the buyer will also like that property which i think she WILL.
Lessons:
1. NEVER show property to your client without you scrutinizing the documents of the property.
2. When you know that your credibility- obviously is being test immediately turn it down with all your heart- follow the narrow gate remember? because it is the gate to heaven.
3. Always have an alternative property to show and that alternative property, documents has already been checked.
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