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How to compute monthly amortization payments without a mortgage calculator

Sun, 12 Feb 2012 20:23:22 +0100

How to compute monthly amortization payments without a mortgage calculator

You will need the following information:

The loan balance or Principal amount. This is selling price less down payment, if any.
The payment term or how long you intend to pay the loan
The annual interest rate of the loan. You get this from the bank where you intend to buy the foreclosed property or the bank where you intend to get financing.
The amortization factor that corresponds to the payment term and annual interest rate. You can access a table of amortization factors here: Amortization Factors Table

Monthly amortization = Principal x Amortization factor

For example, you saw a foreclosed property being sold for Php 1 Million and you can purchase it with only 20% down payment, with a maximum payment term of 10 years, at an annual interest rate of 12%. What would be the monthly amortization you will have to pay if you bought that foreclosed property?

First determine the Principal amount. With a selling price of Php1,000,000 and a minimum down-payment of 20% which is Php200,000, the loan balance or principal would be:

=Php1,000,000 – Php200,000

=Php800,000

From the given example, the payment term is 10 years and the annual interest rate is 12%.

The corresponding amortization factor for a loan with a payment term of 10 years with an annual interest rate of 12% would be 0.01434709 which you can find here:Amortization factor rate Tables

Now let us calculate the monthly amortization payment:

Monthly amortization = Php800,000 x 0.01434709

= Php11,477.67

Want to check if this is correct? Try entering the same information in this mortgage calculator which you can find by clicking here.

Keep in mind that the resulting monthly amortization payment we got above is a blended amount containing both principal and interest. If you want to determine the principal only or interest only amounts, this can be done by creating an amortization table with separate columns for interest and principal.

Determining positive cashflow

Going back to our example above, what if you learned that the current rental rates for comparable properties in that area average at around Php12,000.00 per month? Does that mean you’ll get a positive cashflow since the average rental rates are higher than the monthly amortization? It is tempting to think so, but one should also consider vacancy rates, monthly maintenance costs, property management expenses, monthly dues to the home owners association or condo corporation (depending if the property is a house in a subdivision or it’s a condo), property taxes and other applicable taxes(VAT or percentage tax, whichever is applicable), insurance, maintenance reserves, etc.

Taken from: http://www.foreclosurephilippines.com/2009/11/amortization-payment-no-mortgage-calculator.html

Making money with your website using Google Adsense Part 4

Tue, 15 Nov 2011 15:58:48 +0100

Follow the steps below and start earning.

1. Open an account at www.addynamo.com and make sure you register and follow the instructions, it is all free of charge.

2. You will find the following links, your dashboard, your channels, your earnings, and your account.

Under your dashboard you will see your listed websites and get also more information regarding your account. You will see a detailed description of your earnings as soon as you do start earning money. The minimum payout and how many people has clicked on your websites adds.

Under your channels link you will find the websites you have listed already and which do have adds on or not. After you have created a channel, you will find on the right 5 links, the 1st one is "get the code embedded into your website" this link is propably the most important link of them all. The next one is the colour settings, for the add on the site, manage excluded websites and lastly, delete this channel, which you would never want to do.

The next link is your earnings, where you would be able to see clearly how much you have earned via your channels(advertisements on your websites which have been clicked on, or shown interest in).

The next link is your account, where you can update your banking details etc. You must always make sure your banking details are fully up to date, otherwise some other person might just get lucky!

Now, how do I create a website, it is easy, there is plenty of free internet sites on the market, for example www.yola.com. Here you can design your own website in no time at all! It is very efficient and doesn't take much effort.

Now go to www.Yola.com and create yourself a profile there as well, after you have created your account at www.addynamo.com. When your account has been registered, go and click on the create site now link. It is on the top right corner. There you get your options, of first name your website. you will be taken through the steps. Please make sure you use a topic which many people will actually search on the web, the more traffic to your site, the better. For example my site http://getasixpackquick.yolasite.com/ do get alot of traffic, because plenty of people are worried about their health. Health is actually very important aspect in anyones life, therefore you will find plenty of people searching for the best insurance quotes.

Now when you have created your website, you need to go back to www.addynamo.com and to your account, you can even have these 2 sites on different tabs as you work your way through. Now the next step is to go to the the channels link, click on it, and go to the page manage sites, when you have created your site now with lotsa of usefull information, go and add your site. Click ad site, enter the sites name with url.

When you have done this, and added your site, go and click on the channel link again,. and click on web, there you will find those 5 links boxes on your right hand side, the 1st one which was spoken of earlier. Click on the "get the code", you will see a html code will be given, now thios is the code which you will copy and paste into your html on your website. Now to do this, go to your yola site, and go to settings, you will find on the right courner a HTML block, drag this block to wherever you would like your add to appear, when you drop the html a block will be given, paste your html code in here and say save, save the page and publish it to the web. Wallaa, an advertisment has been placed on your site, now you need as much traffic as possible, go and write blogs and give links to your site, go and write adverts and give links to your site. The more people go and have a look on your site, the better your chances of actually finding interested people in your advertisements.

The sites I use to drive traffic to my website is

http://www.trafficswarm.com

and

http://trafficg.com

I wish you all the best of luck! Happy hunting and marketing!

http://easymakingmoneyfast.yolasite.com/steps-to-making-money-on-the-internet.php

Making money with your website using Google Adsense Part 3

Tue, 15 Nov 2011 16:00:17 +0100

Google adsense was created by Google to publish the millions of adds by people whom sees it necassary for online marketing. But how does it work and how do you make money from it? via an online system? is a very popular question millions of people ask. Many people that creates hubpages and blogs are making money with Google Adsense. Some of these people know why they are actually getting paid and some dont. Adsense is Google's advertising program, for people who wants to make money from Google, or share in their profits by adding little Google ads to their websites. This money is supplied by Googles Adwords campaign, which charges people to pay for each click that was made on their adds, this might range from a few cents to a few Rands. In short Google charges people who wants to advertise, a certain amount of money, and in return Google pay the people adding these advertisements to their website a commission fee. Website owners known as publishers can sign up with Google Adsense free of cost and get to place these ads on their websites. When an ad is clicked on, Google will pay the publisher about half of what the Adwords advertiser is paying to run the ad. Google gets the other half. Now the South African based Addynamo, does exacly the same, the only difference, they are not a search engine.

I found that Addynamo is way more beginner friendly than Googles Adsense, therefore they are my main priority. Now to explain to you how to open an account at Google Adsense is easy and how to open a money making website, please take note, marketing of your website will be necessary.

Type into your search engine Google Adsense, you will be asked to sign up and give all your details, also if you would like your earnings to be paid in which manner. After this has been done, you need to get a website up and going, therefore go to Yola free website, find a good name for your website and create it. In a matter of 10 minutes you will have a website on the internet. Now you need to go to your adsense account, go to create new link, follow the steps and at the end state/click on "get code". Now this code you need to copy and paste into your Yola website. Ok how is this done?easy, go and click on your website "open box"..you will find on your right a box with the letters HTML. Drag this box to wherever you want it to be displayed on your website, as soon as you stop dragging the box and leave the mouse button, the page where you will need to copy this HTML code in, will open up. Paste the code in here. Save and publish to the web. "Wallaaaa" you have your sites 1st money making add. Now you need to get more traffic to your website. You do this by exchanging links, advertising on free online advertising sites and by writing blogs as well.

Ok now Addynamo is way more beginner friendly, you follow the same steps to create a free website at Yola or any other free website generating site. Then you search Addynamo, you open an account,choose how you want to be paid etc. You opne your channel box, state "new website" and create it. When you finished creating your website, click on create a new channel. You then choose your website which was created. Ok then you will have 4 blocks on your right, as soon as that appears, click on the 1st box, you will see a code coming up, copy and paste it to your site, as in Google Adsense. Publish to the Web, and walaa another money making site!

GOOD LUCK WITH THE MARKETING! I HOPE THIS HELPED!

http://easymakingmoneyfast.yolasite.com/how-does-google-adsense-and-addynamo-work.php

Making money with your website using Google Adsense Part 2

Tue, 15 Nov 2011 15:59:47 +0100

Tools for Adsense

If you're just boarding on the AdSense train, and looking to find a quick way to make the profits you've seen all being pulled of all over the Internet, you might be interested in a couple of tools.

These software tools are designed to aid AdSense publishers in getting a better understanding on how traffic flows through their site. Some will help you in understanding which keywords gain you more money and which locations give you the best AdSense payment.

One of the best such tools available is AdSense Gold (http://www.profitbooks.com/go/astracker) which allows you to have a better understanding of which ads and formats actually get more clicks and which are useful or nearly useless.

This program works by tracking views and clicks on all the publisher's pages. It even goes as far as offering you the possibility to see which referrer each visitor came in through.

There's a free tool called SynSense (http://www.singerscreations.com/RSS/Posts/235.asp) which is more of an AdSense monitoring tool. This sits in the tray and offers actualized AdSense stats as you hover your mouse over its icon. It's a very nice tool for those which like to be informed on how their AdSense is doing at all times of the day.

Google provides you with stats in a csv format on their site. So someone made a tool that can automatically download such files and extract a lot of information from them. The name of this tool is CSV AdStats and it is available from http://www.nix.fr/en/csvadstats.aspx?q=download

It has a large number of features, including the possibility to highly customize reported stats, exporting data and charts to other formats. It's in French but the language can very easily be changed to English.

Of course any tool can only access these stats as often as 15 minutes but the authors are well aware of that fact and none of these tools will get you in trouble with Google because of that.

If, however, you're browsing content most of the time, and your tool of choice is the Firefox Internet browser, there's an extension for this program that allows you to view the stats in your status bar.

Again, this software is aware of Google's 15 minute rule and enforces its usage, 15 minutes being the minimum time between updates. The Google AdSense notifier for Firefox can be obtained from http://code.mincus.com/?p=3

There is also a program called Golden Keywords out there that helps you in getting the best keywords for your site. It's really efficient and very easy to use. It does come with a price tag though, it costs $49.95 and it can be obtained from http://www.regnow.com/softsell/nph-softsell.cgi?item=8616-2

So as you can see, software developers are making more and more programs meant to help you in your quest to maximize your AdSense profits. But before you go out looking for them remember that Google has a few features of its own as well.

It does offer some reports (albeit a bit more limited) and using the 'channels' feature is a good way of finding out which ads on your site are really bringing in most of the revenue.

Be on the look out as new tools appear daily and make sure to invest time in your site, as that is the real key in success with AdSense.

You need to have optimized niche website templates for best results. You may find the best adsense templates and blog templates at www.AdsenseTemplates.com (http://www.adsensetemplates.com). They are offering 100 fresh new templates every month.

http://easymakingmoneyfast.yolasite.com/we-are-here-to-help-you-make-money.php

Making money with your website using Google Adsense Part 1

Tue, 15 Nov 2011 15:37:34 +0100

Getting Started With Adsense

A very important element in the rapid adoption of AdSense is that it has been very easy for publishers to get the ads on their site as quickly as possible.

Integrating AdSense in your website takes only a few minutes, and you can be on your way with one or more nicely integrated AdSense ads.

The first thing you need to do is navigate to http://www.google.com/adsense and either apply or log in with your existing account and password. What follows is a page presenting the Google AdSense Terms and Conditions which you must agree to in order to proceed.

You are presented with a report page which you can use to get a detailed status on how your AdSense advertising is doing. This allows you to improve your site's contents and layout to maximize your AdSense earnings.

On the top of your page you also have link to the setup section where you can generate the code that will need to be pasted on your website in order to have AdSense banners on your page.

You can use AdSense for text (the said ads), using a search box or with referrals. Your choice among these options depends on how users will navigate your site.

Finally, there is a "My Account" tab which allows you to set up details concerning your account, payment and tax information.

To add a text ad on your site, go back to the "AdSense Setup" tab and click the "AdSense for content" link. Make sure you have cookies enabled in your browser.

You can make a choice between ad units and link units. The former contain text and or images concerning a certain site for each unit, most with a detailed description, the latter only contain links to certain types.

Of course, it's a bit hard to know which type you should use so you should probably experiment with both for a while before you decide.

You can also view an example of how the unit will look to the right of your page. However, you may only use three ad units and one link unit on any given page. This is believed to be a step which Google takes for quality control.

The next step is to choose your add format and colors. You can basically select any color palette you choose with Google offering some of its own if you don't have the time or skill to create one. You can constantly view how the palette will look through the aid of an example. The one that works best in terms of appearance and revenues will vary with the look, feel and content of a website.

However, your ad formats are limited to a choice of eleven formats. There's an "Ad Formats" link which takes you to a page that lets you see all even of these in action so you can decide best which one suits your site. Sometimes the most intrusive, doesn’t work best however again, this can vary from website to website.

After you finish with customization, you can click "Continue" from the bottom of the page.

You are now presented with a section entitled "AdSense for Content". You can click anywhere in the text and that shows the JavaScript required to get AdSense running. This will automatically select the text in the box.

You can then copy it and paste it into your pages directly. If you use dynamic pages, you should paste this code within your template so as to ensure that it gets displayed on any page of your website. Some advertisers choose not to display Adsense on every page, and this is understandable. An example of this is a company that has adsense, may also have terms and condition which would inevitably provide legal resources which would probably be deemed inappropriate.

What is then left for you to do is get content on your page (provided you didn't have any already). Google AdSense crawlers will soon visit your site, making sure that the ads displayed are relevant to your site's content.

And you're all done. For a simple page this should indeed be a matter of a few minutes, which is precisely what makes AdSense the choice for so many. Although it is quick, its mass appeal also makes it the best. Through being the most popular, advertisers and publishers alike see Adsense and Adwords as their natural first choice.

http://easymakingmoneyfast.yolasite.com/we-are-here-to-help-you-make-money.php

Feng Shui Tips for Real Estate

Tue, 15 Nov 2011 04:27:16 +0100

Feng Shui is one of the ancient Chinese methods that provide insight for sustainable living as well as harmonious relationship between people, time, space and the environment. They define in terms of energy which they called “chi”. This method gives precise information to design your living area in alignment with the opportunities and your needs.

There are generally two types of Feng Shui you will find out there: traditional and modern style. Each Feng Shuimaster has different interpretations of the principles to be followed. They may agree in some, and disagree on other points.

This guide doesn’t follow one school of Feng Shui exclusively. Instead, it gives an overview of different methods and provides practical steps that you can use to introduce Feng Shui into your own area.

PROPERTY

Like in real estate, location plays a key role in Feng Shui. The correct location of our home, where we spend more of our time, is the primary key to having good Feng Shui.

So, just what are the things that we should look out for?

Situate your home within the natural landscape, floral and fauna that represents life and more positive energy.

Mountains and hills: The hills and mountains should lie behind the house (south-facing), because they provide protection against harsh winds from the north.

Rivers and roads: Rivers and roads are considered favorable as long as they’re not too fast-moving and don’t point directly at the home’s entrance.

Pools and ponds: Pools and ponds are particularly valuable to the south and west of a house, where they’ll cool warm summer winds. Pools and ponds should never have straight edges.

A flat terrain is acceptable in Feng Shui but it is better if the land at the back of the house is higher that at the front. As a general rule it is ideal if the house sits on land that is higher or the same level as the road. Try to avoid a house that sits on land that is lower than the access road.

Lot Shape

Feng Shui favors lot shapes that are balanced, such as squares or rectangles. Feng Shui considers triangular, trapezoidal, and L-shaped lots less favorable since the irregular contours of the lot can trap chi or prohibit it from entering. The worst shape is a triangle.

Manmade Structures to Avoid:

a. Bridges, offramps, and tunnels – Highly trafficked areas generate a wild and overwhelming chi.

b. Churches and houses of worship – Though these sites don’t attract bad chi, they can attract such intense chi that it overwhelms the chi of your home.

c. Garbage dumps, sewers, and landfills – Bad chi is attracted to refuse and rot.

d. Hospitals, cemeteries, and funeral homes – Bad chi clings to places of death and sickness.

e. Military bases, police stations, and prisons – With their connotations of war and violence, they generate mostly bad chi.

f. Power stations – These stations generate massive amounts of electromagnetic energy and bad chi.

g. Railroads and airports – Large, loud, fast-moving machines discourage gentle, flowing chi.

h. Schools – Schools are loaded with energy that can overwhelm the chi within your home.

If you do live close to any of these locations, you can still protect the chi in your home by following these guidelines:

1. Face your front door away from the location.

2. Put curtains on the windows that face the location.

3. Get more secure windows or double windows.

Balikbayan Buyers Guide for Real Estate Philippines

Tue, 15 Nov 2011 04:26:11 +0100

For our fellow Balikbayan countrymen who have made their careers abroad but wish to invest and earn from the different properties in the world of Real Estate Philippines, read this Balikbayan Buyers Guide for Real Estate Philippines to help you out, especially for beginners This guide includes summarized Real Estate Philippines Laws which are organized for your convenience and education. Click the link below to see the guide…

For Pinoys who have renounced their Filipino Citizenship, The first option is to apply for dual citizenship. Here’s how:

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 my the National Statistics Office (birth certificate from the NSO can be requested online and mailed to you)
Accomplish and submit a “Petition for Dual 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.

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 acquirePhilippine 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):

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.

In terms of investing in Philippine Condominiums, there is no limit as they would be purchasing them using a Condominium Certificate of Title (CCT). Even Foreigners can own Philippine Condominiums.

For more information and to start your investment today so you can earn as soon as possible, contact…

http://www.realestatephilippinesblog.com/balikbayan-buyers-guide-for-real-estate-philippines/

Foreigner’s Guide to Philippine Real Estate

Tue, 15 Nov 2011 04:25:24 +0100

For those who are non-Filipinos, I hope you find this Foreigner’s Guide to Philippine Real Estate helpful. Read on until the bottom to get your full tips

By law, foreigners don’t have the right to acquire Philippine land (there have been many proposals to amend this law but of this writing, it is unlikely to change). The simplest way for a foreigner to acquire Philippine real estate is to have a Filipino spouse purchase a property. Another alternative is having a Filipino partner when acquiring a property. The partner owns 51% or more and the remainder is owned by the foreigner. (Tip: The foreigner can have a blank deed of sale signed by the Filipino partner for security)

Exceptions:

Filipino citizens and corporations or partnerships that is at least 60% Philippine owned are entitled to acquire Philippine land. An exception to this rule, is foreign acquisition of a Philippine real estate in the following cases:

* Acquisition before the 1935 constitution.

* Acquisition thru hereditary succession if the foreign acquire is a legal or natural heir.
This means that when you are married to a Filipino citizen and your husband/wife dies, you as the natural heir will become the legal owner of his/her property. The same is true for the children. Every natural child (legitimate or illegitimate) can inherit the property of his/her Filipino father/mother even if he/she is not a Filipino citizen.

* Purchase of not more than 40% interest in a Philippine condominium project.

* Purchase by a former natural-born Filipino citizen subject to the limitations prescribed by law. (natural born Filipinos who acquired foreign citizenship is entitled to own up to 1,000 sq.m. of residential land, and 1 hectare of agricultural or farm land)

* Filipinos who are married to aliens who retain their Filipino citizenship, unless by their act or omission they have renounced their Filipino citizenship.

Owning of houses or buildings is legal as long as the foreigner does not own the land on which the house is build.

Setting up a corporation with 40% of the stocks in the foreigner’s name and 60% to Filipinos is a good alternative. There must be a minimum of 5 stockholders, and foreigner can have the Filipino stockholders sign blank transfer of the stocks for security.

Rent

The land can be leased by the foreigner or a foreign corporation on a long term contract for an initial 50 year period and renewable every 25 years. A foreigner can rent a lot and at the same time legally own the house on the rented land.

Condominiums

The Condominium Act of the Philippines, R.A. 4726, expressly allows foreigners to acquire Philippine condominiums and shares in condominium corporations up to not more than 40 % of the total and outstanding capital stock of a Filipino owned or controlled condominium corporation.

With this law, foreigners can own a Philippine house and lot as long as it has a corresponding condominium title to that property. There are very few single-detached homes or Townhouses in the Philippines with condominium titles. Most Philippine condominiums are high rise buildings.

If you wish to stay permanently in the Philippines or if you frequent the Philippines and stay for long periods. Avail of the government’s Special Resident Retirement Visa (SRRV).

http://www.realestatephilippinesblog.com/foreigners-guide-to-philippine-real-estate/

Complete Procedures of Documenting and Registering a Philippine Real Estate Sale

Tue, 15 Nov 2011 04:23:20 +0100

Here are the complete steps and procedures of documenting and registering a sale of a second-hand property in Philippine Real Estate. These are steps that EVERY BUYER and SELLER must know. Print this article if necessary…

Remember, you must always bring Certified True Copies of the documents as well as necessary receipts to avoid inconvenience in case you will be required to present them.

Happy Investing Folks!

STEP 1: CITY/MUNICIPAL ASSESSOR’S OFFICE SECURE THE FOLLOWING:

1. Certified True Copy of Tax Declaration (House and Lot)

2. Certificate of No Improvement (If vacant lot)

3. Original Copies – 1 for BIR and 1 for Register of Deeds

STEP 2 : CITY/MUNICIPAL TREASURER’S OFFICE SECURE A TAX CLEARANCE

*In order to secure a Tax Clearance, Real Property Tax must be updated as of date of document of sale.

STEP 3: BUREAU OF INTERNAL REVENUE PAY THE FOLLOWING:

1. Capital Gains Tax (6% for individual seller or 7.5% for corporation)

2. Documentary Stamps Tax (1.5%)

Note:

*Capital Gains Tax and Documentary Stamps Tax shall be based on Selling Price (per Deed of Sale), Market Value of Tax Declaration, or BIR Zonal Value, whichever is higher.

*Form for Capital Gains Tax can be secured from the BIR or can be downloaded from the BIR website http://www.bir.gov.ph

Requirements:

a. Photocopy of Certified True Copy of Transfer Certificate of Title

b. Certified True Copy of Latest Tax Declaration

c. Real Estate Tax Clearance

d. Original and two (2) Photocopies of Deed of Absolute Sale

e. Certificate of No Improvement from the Assessor’s Office if vacant lot.

Additional Note:

a. Payment for Capital Gains Tax and Documentary Stamps Tax shall be in cash or in managers check, to be paid to the BIR Regional office or BIR-authorized banks where property is located.

b. Capital Gains Tax shall be filed and paid to the BIR within thirty days from date of sale.

c. Documentary Stamps Tax shall be paid on or before the 5th day of succeeding month from the date of sale.

STEP 4: CITY/MUNICIPAL TREASURER’S OFFICE

Pay the Transfer Tax at the Treasurer’s Office.

Requirements:

a. Photocopy of Deed of Absolute Sale

b. Photocopy Transfer Certificate of Title

c. Photocopy of Tax Declaration

d. Photocopy of Real Estate Tax Clearance

*Transfer Fee is 1/2 of 1% of Selling Price or Market Value of Tax Declaration, whichever is higher

STEP 5: REGISTER OF DEEDS

Submit to the Register of Deeds where property is located the following documents:

a. Owner’s Duplicate Copy of Transfer Certificate of Title

b. Deed of Absolute Sale (3 copies)

c. Certificate Authorizing Registration from the BIR

d. Transfer Fee Receipt

e. Photocopy of Real Estate Tax Clearance

f. Photocopy of Tax Declaration or if vacant lot, Certificate of No Improvement

A NEW TITLE UNDER THE NEW OWNER’S NAME WILL BE RELEASED BY THE RD

REMINDER: The owner or the broker as authorized by the owner should be the one to present the above documents to the Register of Deeds because the new TCT shall be released only to the presenter of the above documents.

STEP 6: CITY/MUNICIPAL ASSESSOR’S OFFICE

Secure from the Assessor’s Office a new Tax Declaration.

Requirements:

a. Photocopy of Transfer Certificate of Title under the new owner’s name, duly authenticated at the Assessor’s Office

b. Photocopy of Deed of Absolute Sale

c. Real Estate Tax Clearance

http://www.realestatephilippinesblog.com/complete-steps-procedures-of-documenting-and-registering-sale-of-property-in-philippine-real-estate/

The Five Vs Before Buying Philippine Property

Tue, 15 Nov 2011 04:22:10 +0100

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!

http://www.realestatephilippinesblog.com/the-five-vs-before-buying-philippine-property/