Here are the five Vs or the 5 Verifys every buyer must remember before investing in anyPhilippine property and declaring it “Safe to Buy”:
V1.) Verify if the Transfer Certificate of Title (TCT) is authentic 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 since you will need the title number and the name of the owner get a certified true copy of the title from the Register of Deeds.
V2). Verify that title is free of liens & encumbrances, or that there are no mortgages or claims on the property by other parties. You can see that at the back of the title with the heading “Encumbrances”. This section must be blank. (sometimes the space for the technical description is too long that it reaches “Encumbrances” page, which is ok)
V3). 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. You can also ask from the neighbors if they are indeed the true property owners.
V4). Verify if the yearly real estate taxes (“amilyar” in Tagalog) 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.
V5). (Applicable to Land Titles) Verify if the land described on the title is the actual 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, so it is a must to confirm that the actual property you are buying matches the technical description on the Transfer Certificate of Title
Just remember these 5 Verify’s before buying ANY.

Here are the five Vs or the 5 Verifys every buyer must remember before investing in anyPhilippine property and declaring it “Safe to Buy”:

to make sure you’re placing your money in a truly safe investment. Happy Hunting Folks! 

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