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How to Buy a Real Estate Property in the Philippines
| In order to buy property in the Philippines,
you must: |
- either be a) a Filipino Citizen, b) a natural-born Filipino
Citizen who lost his/her Filipino citizenship through naturalization
in another country, c) a Filipino by dual-citizenship, or d) a
foreign national married to a Filipino Citizen. For individuals
classified under b, c or d, he/she may purchase a parcel of land
not exceeding one thousand (1,000) square meters in area and for
residential purpose only. A foreign national may purchase a house
and lot provided the property is under the name of a company registered
in the Philippines, but he/she can purchase a condominium unit
under his/her name.
- have the financial ability to make the payment for the property,
whether in full or through financing.
- be at least 18 years of age and able to do acts with legal effects.
(See also the Document Requirements
and The Balikbayan Act)
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| STEP 1 - Contact us. |
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If you live abroad:
If you have a representative in the Philippines, such as a trusted
relative or friend, you can obtain a Special Power of Attorney (S.P.A.)
from the Philippine Embassy in your country of residence, and designate
that person to represent you in purchasing a property.
If you have no representative in the Philippines, you may browse
through the website to know about the available properties, call
us long distance, or send us an inquiry, and we will reply to your
questions the best we can. You can also make an appointment with
us the next time you visit the Philippines.
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| STEP 2 - Make the payment or a reservation for
your chosen property. |
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You may:
A. Pay the ful Total Contract Price of the property.
Acceptable forms of payment include cash, personal
check from a local bank or money transfer.
- OR -
B. Place a down payment.
If you choose to pay for your property through financing, you must
place a down payment in cash, personal check from a local bank or
money transfer, and submit post-dated checks for the monthly payments.
After we receive your down payment, we will reserve your chosen
property for you.
- OR -
C. Reserve the property.
Fill up a Reservation Application (R.A.) and pay the reservation
fee with cash, personal check from a local bank or money transfer.
Some projects may also accept credit cards (MasterCard or VISA).
The reservation fee is nonrefundable. Download
the Reservation Application (PDF File, 457kb)
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If you live abroad:
If you designated a representative through an S.P.A., he/she may
make the payment for you.
If you have no representative in the Philippines, you may send
us your payment via wire transfer to our bank in the Philippines.
We will provide you with directions if you choose this option. Many
of our clients abroad have used this option.
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| STEP 3 - Sign the Contract to Sell. |
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You will then sign the Contract to Sell after paying the full total
contract price or the full down payment.
You title will be released to you after paying the full total contract
price.
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If you live abroad:
If you designated a representative through an S.P.A., he/she can
sign the Contract to Sell.
If you have no representative in the Philippines, we will send
you the Contract to Sell for you to sign and send back to us.
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Original copyright by Golf Living Philippines.

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