Buyer’s Guide Requirements For Real Estate Property in the Philippines

This is an information intended for foreigners or any buyers requirement living in the Philippines who are planning to buy Cebu real estate, house and lot Cebu seller requirements and documents needed to buy Cebu real estate property!

 

BUYER’S REQUIREMENTS TO PURCHASE ANY REAL ESTATE PROPERTIES IN THE PHILIPPINES:

 

Required Documents for Spot Cash

• Birth Certificate or Marriage Contract
• 2 Valid IDs
• Community Tax Certificate (Cedula) / Photocopy of Passport (all pages w/ entries)
• 4 pcs. 1 x 1 id pictures (husband and wife)

 

Required Documents for Deferred Cash (2 years to pay)

• Birth Certificate or Marriage Contract
• 2 Valid IDs
• Community Tax Certificate (Cedula) / Photocopy of Passport (all pages w/ entries)
• 4 pcs. 1 x 1 id pictures (husband and wife)
• Proof of Billing Address (Utility bills)
• Post dated checks

 

Required Documents for BANK Financing ( Be sure no default credit cards ) Overseas Contract Workers (OFWs)

• Original Certificate of Employment and Compensation w/ Consular Seal
• Photocopy of Contract of Employment
• Photocopy of Passport (all pages with entries)
• Proof of Remittances (latest 6 months)
• Pay Slips (latest 3 months)
• 2 Valid IDs
• Bank Statements (latest 6 months)
• Birth Certificate or Marriage Contract
• Community Tax Certificate (Cedula)
• 4 pcs. 1 x 1 id pictures (husband and wife)
• Proof of Billing Address (Utility bills)
• Post dated checks

 

Locally Employed

• Photocopy of Income Tax Return (ITR)
• Original and Notarized Certificate of Employment and Compensation (COEC)
• Pay Slips (latest 3 months)
• 2 Valid IDs
• Bank Statements (latest 6 months)
• Birth Certificate or Marriage Contract
• Community Tax Certificate (Cedula)
• 2 pcs. 1 x 1 id pictures (husband and wife)
• Proof of Billing Address (Utility bills)
• Post dated checks

 

Self-Employed (Business)

• Photocopy of Business Registration (DTI/SEC)
• Mayor’s Permit
• ITR for the last 2 years
• Original Audited Financial Statements for the last 2 years
• Franchise/OR/CR (for taxi, jeepney, bus operators)
• PTR (For practicing professionals)
• Company Profile (if applicable)
• Picture of Business Establishment
• Bank Statements (latest 6 months)
• Birth Certificate or Marriage Contract
• 2 Valid IDs
• Community Tax Certificate (Cedula)
• 2 pcs. 1 x 1 id pictures (husband and wife)
• Proof of Billing Address (Utility bills)
• Post dated checks

 

Important Reminders for Separated:

If you are separated be sure to produce the spouse waiver of rights, otherwise you will be disapproved. However if you can’t produce the waiver from your spouse simply call me, maybe I can help you!

 

During RESERVATION PAYMENT simply bring the initial requirements as follow below:

* Reservation Fee
* 2 pcs. 1×1 Colored ID picture
* Company ID / Government ID / Passport

 

How to qualify yourself if really qualified to avail loan financing in terms of financial capacity to pay.

* Your monthly amortization will be multiplied by 3 in order to get the Bank/Pag-ibig required family monthly income.
* If in some cases you are unable to meet the income requirements with your payslip alone you can have your parents supporting documents in order to be qualified.

Found Something Interesting?

WE ARE MORE THAN WILLING TO ASSIST YOU FOR FREE. CONTACT US NOW!
Share this post:

Facebook Comments:

Leave a Reply

Your email address will not be published. Required fields are marked *