Spruik
8/6/2016 05:22 EST
A certain property in Negros Occidental has taken my interest and I enquired with the vendor for more information.
All I got is confirmation about the asking price with an invitation to inspect the property.
The vendor doesn't write proper English.
(Things I want to know include title details, encumbrances, exact location, floorplans, outgoings, revenue for past few years, condition of sale, etc.)
Rather than bombarding the vendor with questions (and possibly getting untruthful answers), what type of documentation can I ask for, that is informative and holds the vendor to account?
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seernai
8/6/2016 06:52 EST
I assume your looking to buy real estate with a Filipino as foreigners are not allowed to buy land or houses only condos ,
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Spruik
8/6/2016 07:19 EST
Just wanted to keep the question to the point. I am aware of the legal options.
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seernai
8/6/2016 07:25 EST
Fair enough as some ex pats are not aware of the law on property and land, it is a bit galling when you think of this that no matter what country you come from if you can afford it you can buy what you want in the UK
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Spruik
8/6/2016 07:42 EST
It's not just a house, but what you might call a resort with a number of cottages on the property.
I sent a follow-up asking the vendor for a lot of details. In western countries it's pretty standard information for prospective purchasers to consider.
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Frvcheng
8/21/2016 15:39 EST
Hi. Here in the Philippines foreigners are not allowed to buy land nor businesses. Tho you can buy a house but the land must be owned by a filipino also you can buy condominiums. For you to find out if the seller is giving you facts make sure you talk business in the exact location of the property he is selling. If you're looking for a beach property i can help you. :)
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Spruik
8/21/2016 18:35 EST
As I wrote earlier, I am aware of the legal situation.
After all this time and a number of requests for a site map with exact location, this has not been forthcoming.
Asking price is P25m, and it turns out (sofar) all is not what it seemed.
I am not interested in just a house at the beach.
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Spruik
8/21/2016 18:36 EST
As I wrote earlier, I am aware of the legal situation.
After all this time and a number of requests for a site map with exact location, this has not been forthcoming.
Asking price is P25m, and it turns out (sofar) all is not what it seemed.
I am not interested in just a house at the beach.
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draks
8/21/2016 20:31 EST
I have seen this sort of thing a few times like they ara not bothered about selling. But on the other handi expect he gets an awful lot of timewasters asking for details and pics but not really serious. He might be thinking if your really serious you would come here. So maybe its worth a trip out have a look, even stay a couple of nights. When you are there you can inspect the books if there are any and the ownership papers. Just view it as a mini break. If they cater for just Filipino clients don't expect too much. Could be worth a look don't you think?
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Spruik
8/21/2016 20:58 EST
Yeah right.
A special trip to a remote place in Philippines for each property. Sure, only to find the basics are not suitable which they can easily provide by email.
As a seller you have to expect that not everybody who makes an enquiry will actually buy.
The least a seller can do is have the relevant documents on hand. Then it only takes a single reply. As it is, some 20 emails have exchanged just asking for what every buyer needs to know.
The seller made certain claims which a site map will verify. He/she even suggested you can build additional cottages outside the boundary.
Never was an introduction made on their part.
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draks
8/21/2016 21:12 EST
Then drop that one find another don't really understand your initial post now. Or were you just having a moan?
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Spruik
8/21/2016 21:19 EST
^^
As of this date I don't know the name of the person who I am dealing with. No estate agent is involved, and it's listed on a free website. The seller won't find many locals who pay P25m (25 million).
In another property through an agent, the garage is described as a '4-5 car garage', but looking at the photos, it will fit 2 at the most.
So I asked the agent for a floor plan. He asked the owner who referred the agent to the builder, asking me to contact the builder directly, but the builder does not bother to reply.
That's an P11m property.
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Dutchmen2003
8/21/2016 21:23 EST
@ Spruik, and all readers. My property is foor sale in Labo Camarines Norte. It has a clean title. Please read in this forum "propert for sale" I don"t want to cheat and want to deal in an honest way. Any more questions about the property please let me know. Greetings, Peter. Dutchman in the Ph.
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Spruik
8/21/2016 21:30 EST
>>> Then drop that one find another don't really understand your initial post now. Or were you just having a moan? <<<
I don't moan.
In NZ there is a 'LIM', a document that tells everything about a property there is to know.
My original question was if there is similar documentation in Philippines.
LIM: Land Information Memorandum (Council LIM reports)
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Spruik
8/21/2016 21:48 EST
Dutchman,
I went through all the listings but did not find anything in Labo Camarines Norte.
Maybe I missed it,
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Dutchmen2003
8/21/2016 22:21 EST
@ Spruik. Please have a look at http://www.expatexchange.com/expat/index.cfm?tpcid=3413540&dbname=ee&frmid=275&forumid=0&shared=N&skey=farm%20for%20sale Greetings, Peter.
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draks
8/21/2016 23:02 EST
Well I wish you the best of luck mate. Let us all know how you get on tho
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Dutchmen2003
8/21/2016 23:45 EST
@ Draks, Spruik. Please have a look at: http://www.lamudi.com.ph/organic-farm-for-sale-330843-49.html?location_region=19&location_city=339&location_area=7876&category=11&attribute_option=offer_type%3Abuy&price=0-2500000&image_count=1&dir=desc&disable_previous=true&disable_next=true
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CanoPalawan
8/21/2016 23:46 EST
You can go to the provincial Land Titling/Registrar Office and pull adopted the title for around P200. You can also have someone local do it for you. The title will tell you if there are any remembrances, lines etc. Downside is you will need the Title number and owners name.
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CanoPalawan
8/21/2016 23:48 EST
You can go to the provincial Land Titling/Registrar Office and pull a copy of the title for around P200. You can also have someone local do it for you. The title will tell you if there are any encumbrances, lines etc. Downside is you will need the Title number and owners name.
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Spruik
8/22/2016 00:02 EST
I do have a local friend who could do that. They have provided a copy of the front of the title but sofar declined to send a copy of the back.
From the title I know who the registered owner is (a religious church) but not the name of the person I've been dealing with (other than a name as prefix to an email address).
Strange way to sell a property. I find that many real estate listings are inaccurate or downright misleading.
For anywhere near P25m I have no intention of relying on promises or verbal assurances.
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Goodlooking
8/22/2016 00:39 EST
This is not the America that offers a guarantee title for a sum of money. There are no courts for you to rush to get relief. If you need a lawyer; you would be better off hiring the grocery sacker. Experience is not the best teacher. Transitioning to a third world country is like landing on the moon. (what do you know about living on moon for the next 15 years ?) One of my buddies is a successful and retired person from Scotland. His affluent Philippine wife, and he, purchased land after lengthy study of title. They have permanently abandoned their unfinished construction as the title is in a mess. This place has no plush palaces for you to electronically navigate a property research. One simple visit to a Philippine government building will settle all your issues. Take pictures with only your eyes. Halls and corridors stacked high with unkept cardboard boxes of documents. Working offices that resemble junk yards. No sign of paint that was applied in the last couple of decades. Lots of workers that you can not imagine being capable of keeping a job at Dairy Queen. Your only hope is to have family that is completely aware of the history of a piece of property. Everything else is a crap shoot. Like flipping quarters. I want to die here. I came for only the best of reasons. I like many things about Philippines. And it's people. But if you think someone can push a button here and give you fairness; you are still in la-la land. My favorite story is seeking advice from Agricultural department in the government seat of Philippines #2 province. (only Manila is bigger) Then and also months afterwards; I'm convinced everyone in the department was handed a job because their cousin got elected as governor at some time in history. Nice enjoyable people. But nothing resembling a place for residents to inquire about agricultural matters. The grocery sacker has them beat; hands down. Millions of typed words all over the forums. Keep this one before most of the others. If you leave America; leave all things, American, there. And, the moon can be a cool place to live and die. I'm staying. The island I live on is the fastest growing economy on earth. But nothing here resembles the life you will leave in America. They don't believe in car wrecks here. The most modern ambulance is the same van you can buy for vacation travel with only a hospital bed in it. 911 is only a figment of American expat's imagination. Direct deposits from the U S Treasury does not happen. My new nation has a 8 letter swift code. Not a 9 digit bank tracking code for transfers. Getting some medical service is readily available. But you should forget everything you ever knew about medical services before. Remove every thought and be mentally prepared for a whole different thing. I like it because the doctors don't seem to use all their time buying new leer jets. And hospitals are not palaces only kings can afford. Most likely; you can pay your hospital bill on the way out the door; here. Cops are the nice looking, athletic, young, pleasant and overly friendly guys sometimes in T shirts and a ball cap. And mostly out of sight. I have never seen a cop issuing traffic ticket. This is not the American wild wild west. No cops and robbers doing war fare all over the place. Cops here rarely are seen driving. More likely; walking. It's just a different earth to live on. But it can keep you young as you will see something altogether new every time you walk out the front door. I like it. But it's not for just everyone. The few trashy girls on the internet do not reflect what the Philippines is. They have 100,000,000 people. 1/3 as many as America. Only a couple hundred are trashy and on the internet. The vast majority enjoy the number one location on earth for family values, good morals, and good manners.
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Goodlooking
8/22/2016 00:57 EST
Poor Spruic................. I feel sorry for you. Really, really do. Watching decades of lawyer television shows has blinded you to the reality of life elsewhere. Your top 2 lawyers are worth 39 cents in the Philippines. A lifetime study of court TV in America is best left in America. There are no guarantees in Philippines and no courts for you to run to. No 911 or news TV cameras for you to get relief. You are simply down to handing your money and wishing for a value to be handed to you. It stops right there. You win or lose, on the spot. Calling mommie won't help. In my new nation.............having Philippine family to assist is everything. Sure, I've been there. Did that. Paid a total of 13 lawyers in a legal matter and it was only resolved when my family and friends of my family waded into the fray. Welcome to Philippines. Bring your brightest colored Island hopping shirts. Toss out those cumbersome pants and shoes. Grab some sporty shorts and flip flops and enjoy life here. But don't mess it up with thoughts of court TV in America. You don't demand nothing here. It don't work that way in this third world country.
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draks
8/22/2016 02:48 EST
For me I would not come to the Philippines to start a small business and expect to make money, I think the Philippines is a place to retire to take life easy and cheaply enjoy the countryside and the beaches look at all the pretty girls, travel around a bit, just enjoy it here. Start to get involved in buying resorts for me is a no no. I went to a nice resort near Batangas the owner was German had spent a fortune on it, but admitted he will never get his money back, but he enjoyed what he was doing he loved improving the place and the social side but as a money making prospect no. Lovely place tho. We stayed in one of his tree houses was great. I like living here its warm its cheap people I have met have been lovely. But that's as much as I would do here
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mpedmon
8/22/2016 06:25 EST
Draks, I could not agree more. I am due to retire from teaching in two or three years and my wife and I are presently designing our retirement home to be completed October 2017. I may part-time teach adult education English when I retire but aim to enjoy the peace if mind of kicking back in Talisay in the mountains, fishing and maybe volunteer track coaching for the region.
Why work harder in your retirement is my mindset. Best of luck for those choosing to be fulltime workers her late in life.
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deejay1952
9/5/2016 19:09 EST
If you change your mind...?
https://www.olx.ph/item/mt-malarayat-executive-6br-6-bathrm-with-swimming-pool-fairway-lot-ID7wmTu.html#
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milloy36
9/29/2016 04:32 EST
I do not believe that a foreigner can purchase land here. I know you can purchase a house but not the land. If you are married to a Filipina she can buy the land but if a break up is possible "you will up the creek without a paddle".
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Rescuer
9/29/2016 19:48 EST
Correct me if I am wrong, but my understanding is that foreigners cannot purchase houses here, other than on a 60/40 basis, and that as of a couple of years ago, foreigners can purchase condominiums here, but not the land that they sit on.
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GaryD
9/30/2016 03:12 EST
A foreigner can own as many houses as he likes but not the land they stand on. In theory the foreigner can also recoupe the cost of the house when the lot is sold, but don't count on it. If the lot is purchased as house and lot then the foreigner cannot own the house. The foreigner to own the house must build from scratch on a bare lot.
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