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One of the most common questions in real estate transactions in the Philippines is: Who is responsible for paying taxes, notary fees, and the Deed of Sale? Understanding these financial obligations is essential for both buyers and sellers to avoid unexpected costs. This guide will explain the division of costs, from notary fees to government-mandated…
Selling a property in the Philippines requires proper documentation to ensure a legal and hassle-free transaction. Whether you’re selling a house, condo, or lot, you must prepare and secure specific legal documents to comply with government regulations and avoid potential disputes. This guide provides a step-by-step breakdown of the legal documents required when selling property…
Real Property Valuation and Assessment Reform Act (RPVARA): What You Need to Know Introduction The Real Property Valuation and Assessment Reform Act (Republic Act No. 12001) was signed into law on June 13, 2024, and took effect on July 5, 2024. This law aims to standardize real property valuation across the Philippines, ensuring transparency and…
Buying or selling property in the Philippines is a major financial decision that requires careful planning, legal documentation, and strategic execution. Whether you’re a first-time homebuyer, a real estate investor, or a property seller, understanding the process is crucial to ensuring a smooth transaction. This guide will walk you through every step of buying and…
