Helpful Tips in Transferring the Title
June 24th, 2011 Posted in Philippine Investments, House for Sale, Real Estate, Making of A Real Estate Broker, About Philippines | No Comments »One of the service that a License Broker can do is Documentation. It is a job that we can accept if we are not too busy closing deals. Following are some tips that I find helpful to make the process flow easily.
1. Secure a Certified True Copy of Title from Registry of Deeds
2. Secure a Certified True Copy of Tax Declaration (Computerized) from Assessors Office. You need to specify with your request that the documents is needed for the transfer of Title. Request for 2 copies. (1 for BIR and 1 for Registry of Deeds)
3. Every page of Deed of Absolute sale must be signed by all parties. Seller, Buyer and witness.
4. If seller/broker is under corporation you should secure Certified True Copy of SEC Registration, Articles of Corporation and By Laws.
5. It is also important that the seller will provide for the Tax Clearance especially if the property being sold is vacant lot. There are cases that property is subject to Idle Land Tax. So Seller should be the one to settle it.