Showing posts with label Tips for buying new house. Show all posts
Showing posts with label Tips for buying new house. Show all posts
Some Tips Buying Guide for Balikbayans
Former natural-born Filipinos who are now naturalized citizens of another country can buy and register, under their own name, land in the Philippines but limited in land area (see below). However, those who avail of the Dual Citizenship Law can buy as much land as any other Filipino citizen. A natural born Filipino is one who was born of at least one Filipino parent at the time of birth.
Under Republic Act 9225 (Dual Citizenship Law of 2003), former Filipinos who became naturalized citizens of foreign countries are deemed not to have lost their Philippine citizenship, thus enabling them to enjoy all the rights and privileges of a Filipino.
Steps to Gain Dual Citizenship:
Under Republic Act 9225 (Dual Citizenship Law of 2003), former Filipinos who became naturalized citizens of foreign countries are deemed not to have lost their Philippine citizenship, thus enabling them to enjoy all the rights and privileges of a Filipino.
Steps to Gain Dual Citizenship:
- If you are in the Philippines, file a "Petition for Dual Citizenship and Issuance of Identification Certificate (IC) pursuant to RA 9225” at the Bureau of Immigration (BI) and for the cancellation of your alien certificate of registration.
- Those who are not BI registered and overseas should file the petition at the nearest embassy or consulate.
Requirements:
- Birth certificate authenticated by the National Statistics Office (birth certificate from the NSO can be requested online and mailed to you)
- Accomplish and submit a “Petition for Citizenship and Issuance of Identification Certificate (IC) pursuant to RA 9225” to a Philippine embassy, consulate or the Bureau of Immigration.
- Pay a $50.00 processing fee, schedule and take an "Oath of Allegiance" before a consular officer.
- The Bureau of Immigration in Manila receives the petition from the embassy or consular office. The BI issues and sends an Identification Certificate of citizenship to the embassy or consular office.
Guidelines:
If a former Filipino who is now a naturalized citizen of a foreign country does not want to avail of the Dual Citizen Law, he or she can still acquire land based on BP (Batas Pambansa) 185 & RA (Republic Act) 8179 but limited to the following:
For Residential Use (BP 185 - enacted in March 1982):
For Residential Use (BP 185 - enacted in March 1982):
- Up to 1,000 square meters of residential land.
- Up to one (1) hectare of agricultural of farm land.
For Business / Commercial Use (RA 8179 - amended the Foreign Investment act of 1991):
- Up to 5,000 square meters of urban land.
- Up to three (3) hectares of rural land.
All of this information is based on the code of the Republic of the Philippines.
It helps you to pick a house and lot or Townhouse in Quezon city or other parts of the philippines.
Links: For sale townhouse quezon city, townhouses quezon city , townhouses sale quezon city, Quezon city sale, townhouse for sale quezon city,Quezon City Townhouses
visit: http://www.juanhousing.com
Tips Before Buying Real Estate in the Philippines
For Sale Townhouse Quezon City
Here are tips a buyer must remember before buying any property in the Philippines, specially if you are buying a single property from an individual:
1. Make sure the "Transfer Certificate of Title" is authentic. The easiest way to check if the title to the property you are buying is authentic is by getting "Certified True Copy" of the title from the Register of Deeds. This office is usually located at the city or municipal hall where the property is located. Ask the seller of the property for a photocopy of the title -you will need the title number and the name of the owner to get a certified true copy of the title from the Register of Deeds.
Quezon City house for sale and Townhouses
Click here www.juanhousing.com2. Verify that title is clean - meaning the property is not mortgaged (no liens & encumbrances on the property). You can see that at the back of the title with the heading "Encumbrances". This page must be empty if you are told that the title is "clean". But sometimes the space for the technical description of the property on the front page of the title is not enough and the description of the property is continued on the "Encumbrances" page, this is of course all right.
3. Make sure that the land described on the title is really the land that you are buying. You can validate this at the Register of Deeds or by hiring a private land surveyor or a geodetic engineer. Land titles don't have any street name and number to pin point a property, it is a must to confirm that the actual property you are buying matches the technical description on the Transfer Certificate of Title.
4. Make sure that the sellers are the real owners. If you are buying from an individual property owner, ask for identification papers like passport or driver's license, it is also a good idea to talk to the neighbors or the Barangay Captain to confirm the identity of the sellers (you might as well ask some history of the property).
5. Confirm that the yearly real estate taxes are paid. Ask for certified true copies of the Tax Declaration and original Tax Receipts to confirm that real estate tax payments are up to date.
If the above check list is in order, it is generally safe to proceed with the purchase of real estate in the Philippines.
For sale townhouse quezon city, townhouses quezon city , townhouses sale quezon city, Quezon city sale, townhouse for sale quezon city,Quezon City Townhouses
The country’s construction business may grow at a faster pace next year compared to this year because of increased demand from the public sector, an industry association said.
“Construction will grow next year at a much higher pace than this year,” Philippine Constructors Association executive director Manolito Madrasto said in a text message.
He said construction is seen to grow conservatively, by 10 percent next year.
For this year, he said construction is expected to expand by nine to 10 percent from the seven percent growth posted last year.
While growth this year has been mostly due to high demand for residential properties and office spaces, next year’s performance will be driven mainly by an increase in government infrastructure projects.
“Private sector demand is going to be the same as this year. However, public sector demand is expected to be at least double this year’s production,” Madrasto said.
He said the Department of Public Works and Highways’ Ninoy Aquino International Airport (NAIA) Expressway project and the Cavite-Laguna (CALA) Expressway project are both expected to be auctioned by next year.
The P15.8 billion NAIA Expressway Project would improve access to the NAIA.
The project is expected to provide a seamless link between the South Luzon Expressway (SLEx) and the Manila-Cavite Toll Expressway (CAVITEX) as well as the upcoming Philippine Amusement and Gaming Corp. City.
The P43.33 billion CALA Expressway project meanwhile, will connect the CAVITEX and SLEx through the Cavite and Laguna provinces.
The Department of Health is likewise expected to roll out the modernization of the Philippine Orthopedic Center project in the first quarter, followed by at least two public private partnership projects on health facilities by the second semester.
The modernization of the Philippine Orthopedic Center, estimated to cost P5.70 billion, will involve the construction of a 700-bed capacity hospital within the National Kidney and Transplant Institute in Quezon City.
The Department of Transportation and Communications has also said it expects to award the contract for the extension of the Light Rail Transit (LRT) Line 1 project by the second quarter of next year.
The P60-billion LRT Line 1 extension project will involve increasing the existing 20-kilometer (km) railway to 32.4 kms.
MORE INFO ABOUT HOUSE FOR SALE IN QUEZON CITY CLICK HEREFor sale townhouse quezon city, townhouses quezon city , townhouses sale quezon city, Quezon city sale, townhouse for sale quezon city,Quezon City Townhouses
: www.juanhousing.com
Before You Buy Your First Home - Tips for a First-time Home Buyer
It's not uncommon for a first-time home buyer to say to me, "Gosh, just last week I called you about buying a home and now I'm in escrow! How did this happen so fast?"
The answer is it didn't. First-time home buyers start the search long before most even realize it.
Here's what you can expect from your home shopping experience.
House for sale in Quezon City Philippines
House for sale in Quezon City Philippines
Benefits for a First-Time Home Buyer
You should buy a home. That's what you've been hearing from friends and family, right? So, by now you have likely already weighed the benefits and decided that home ownership was the best decision for you. That's a major hurdle now passed. You are focused and certain. Good.Defining Search Parameters for a First-Time Home Buyer
Almost 80% of all home searches today begin on the Internet. With just a few clicks of the mouse, home buyers can search through hundreds of online listings, view virtual tours, and sort through dozens of photographs and aerial shots of neighborhoods and homes. You've probably defined your goals and have a pretty good idea of the type of home and neighborhood you want. By the time you reach your real estate agent's office, you are halfway to home ownership.How Long Should It Take to Buy Your First Home?
In seller's markets, often I show only one home. After all, how many homes does one family need? A few buyers will look for years, but buyers who do that aren't motivated. A motivated buyer will find a home within two weeks. Most of my buyers find a home within two days.Good real estate agents will listen to your wants and needs and arrange to show only those homes that fit your particular parameters. Your agent should preview homes before showing them to you as well.
How Many Homes Will a Home Buyer See?
Studies show that your memory dramatically improves after consumption of carbs and slows upon consuming sugar. So, lay off the soft drinks and have a hearty meal of carbs before venturing out to tour homes. The average number of homes that I show to a buyer in one day is seven. Any more than that, and the brain is on overload. Therefore, don't expect to see 20 or 30 homes; although it's physically possible to do so, you probably will not remember specific details about any of them.The "Red Shoes" Experience for a Home Buyer
Women will relate to this. Say, you need a new pair of red shoes. You go to the mall. At the first shoe store, you find a fabulous pair of red shoes. You try them on. They fit perfectly. They are glamorous. Priced right, too. Do you buy them? Of course not! You go to every other store in the mall trying on red shoes until you are ready to drop from exhaustion. Then you return to the first store and buy those red shoes. Do not shop for a home this way. When you find the perfect home, buy it.How a First-Time Home Buyer Can Rate Inventory
View Top Choices a Second Time Before Buying That First Home
After touring homes for a few days, you will probably instinctively know which one or two homes you would like to buy. Ask to see them again. You will see them with different eyes and notice elements that were overlooked the first go-around.At this point, your agent should call the listing agents to find out more about the sellers' motivation and to double-check that an offer hasn't come in, making sure these homes are still available to purchase.
Making the Selection To Buy a Home
I'll let you in on a little secret. I generally know which home a buyer is going to choose, and I suspect most other agents operate the same way. It's an intuition. But I make it a practice not to steer buyers, and I insist that buyers choose the home without interference from me. It's not my choice to make.Real estate agents are required, however, to point out defects and should help buyers feel confident that the home selected meets the buyer's search parameters.
More info for selecting Property house and lot in Quezon city philippines visit: www.juanhousing.com
Posts
