BUYING OR SELLING REAL PROPERTY IN THE PHILIPPINES | PHILIPPINE REAL ESTATE SERIES EP#2
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- เผยแพร่เมื่อ 6 ก.ย. 2024
- Buying land in the Philippines; Selling land in the Philippines; Real estate investment in the Philippines; Special Power of Attorney or SPA; Apostille of SPA; Legalisation or consularization of document; Deed of Sale; Deed of Absolute Sale; Deed of Conditional Sale; Contract of Sale of Land; Contract to Sell; Authority to Sell; Authority to Buy; Notarization; Authentication of document; Apostille Convention; Authentication of Special Power of Attorney; Agent; Department of Foreign Affairs; How documents are apostilled?; How to sell land in the Philippines?; How to buy land in the Philippines; Real estate transaction for foreign nationals; Can you buy or sell your property in the Philippines from abroad? How to authorize an agent for a real estate transaction in the Philippines?; When is a special power of attorney necessary? Why is special power of attorney required? When should you execute a special power of attorney? Civil Code of Philippines; Law of Agency; Buying and selling land in the Philippines; What you can do if you have land for sale in the Philippines? What to do if you have lot for sale in the Philippines?; Sale of real property in the Philippines; Philippine vlog; Real estate vlog; Philippine vlogger; Vlog Philippines; Vlogger Philippines; Filipino vlog; Filipino vlogger; Vlog on real estate; Philippine real estate updates; Tips in buying land; Tips in selling land; Notarization requirement in the Philippines; Philippine Real Estate Law; Philippine Law on Property.
Pertinent Provisions of the Civil Code of the Philippines:
“Article 1868. By the contract of agency a person binds himself to render some service or to do something in representation or on behalf of another, with the consent or authority of the latter. (1709a)”
“Article 1878. Special powers of attorney are necessary in the following cases:
(1) To make such payments as are not usually considered as acts of administration;
(2) To effect novations which put an end to obligations already in existence at the time the agency was constituted;
(3) To compromise, to submit questions to arbitration, to renounce the right to appeal from a judgment, to waive objections to the venue of an action or to abandon a prescription already acquired;
(4) To waive any obligation gratuitously;
(5) To enter into any contract by which the ownership of an immovable is transmitted or acquired either gratuitously or for a valuable consideration;
(6) To make gifts, except customary ones for charity or those made to employees in the business managed by the agent;
(7) To loan or borrow money, unless the latter act be urgent and indispensable for the preservation of the things which are under administration;
(8) To lease any real property to another person for more than one year;
(9) To bind the principal to render some service without compensation;
(10) To bind the principal in a contract of partnership;
(11) To obligate the principal as a guarantor or surety;
(12) To create or convey real rights over immovable property;
(13) To accept or repudiate an inheritance;
(14) To ratify or recognize obligations contracted before the agency;
(15) Any other act of strict dominion. (n)”
Useful link:
Authorities to apostille:
www.hcch.net/e...
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Can u explain the process of buying and selling residential lot in the Philippine like fees etc
Warning. Do not buy or sell property or land using Terence and Beth Martin from A Foreigner in the Philippines youtube channel or Brian and Marcel Smith from A foreigner farming in the Philippines you tube channel. You will regret it. Buy or sell from a reputable, licensed real estate broker only.
Attorney, my question is pertaining to the sale of a condominium unit. I purchased a unit in San Juan, Philippines. As I get older and family concerns change, I can longer pursue my original plan into my retirement. The unit is fully paid and a Deed of Absolute Sale is being processed. Should I decide to sell the property in the future, how will the capital gain tax be calculated? Here in the US, the tax is calculated on the difference between the original purchase price and the actual selling price. Can you shed light in this matter. Thank you
The capital gains tax in the Philippines is computed on the basis of whichever is the highest of the following:
1. Zonal Value
2. Assessed Value
3. Selling Price
Multiplied by 6% = Capital Gains Tax
Multiplied by 1.5% = Doc Stamp Tax
I’m a former filipino, can I do a power of attorney to sell an inherited lot in the philippines to my relatives in the philippines
Can a foreigner on a tourist visa lease land?
Thanks atty. for this video.
hello atty..my sister in law (filipina) but she now a german citizen..may real property siya dito sa pinas..noong dalaga pa siya..gusto niyang ibenta..tapos iyong kapatid niyang lalaki asawa ko...inutosan niyang ibenta ang kanta mga ari arian...pwede ba gagawa kami ng SPA dito sa pinas at ipapadala sa kanya ug mapirmahan niya ang SPA..saka ibalik niya ito sa kanyang kapatid?? thank you so much..
Do you know any Real Estate attorney that can help us with the property that we’re building in the Philippines?!.
Sir more or less 40 yrs tenant paeent ko sa more than 1 has. at dna nila kya magsaka kya binigyan sila ng 2.500 sq mtrs ng may ari ng lupa. Ang lupa na binigay ay 3 magkakapatid ang may ari at abyarin daw po namin sa DAR at pinababayaran po sa amin ang 3 titulo ng lupa nila bgo nila pirmahan ang deeds of donation. Tama po b na kami ang mag abyad at magbayad ng mga titulo ng lupa nila?
Good evening po Attorney, ano po ang batas regarding po sa attorney's fee sa selling ng property?
Hi Atty, I’m living abroad. How can I contact you to ask more questions? Thanks.
@Your_Lawyer thank you po sa information. Matanong ko lang po sir, kailangan po bang Filipino Citizen ka upang makapagpagawa ng SPA sa embassy o consulate?
Good day Atty. Ask ko lang po kasi meron po kaming land title transfer sa Negros oriental, yun heirs po na pipirma sa affidavit of heirship nakatira na sa US. Sino po ang mag nonotarize ng affidavit? Pwede po ba notarist sa Philippine embasy, or a peacticing lawyer in the US recognized by the Philippine Bar? Thank you very much po sa sagot.
Attorney meron po bahay at lupa na nabili ang family ko na nka pangalan sa cousin ko pero wla pa po titulo nsa developer pa po sya at gusto po ng cousin ko ilipat sa name ko yung pngalanng property. How do we process po? Kasi babayran plang po nmin ang titulo ng bahay pero nkapngalan pa sknya ang cousin ko po ay nsa US na ngaun
What if po yung may ari po property is Filipino then married to Japanese. Magkakaproblem po ba sa bentahan?
Sir attorney!👋Hi po maask lang po. How can you say po that conversion has nothing to do with converting agricultural land? Paanswer po pls need lang po bukas🙏🙏pang debate po namin🙏🙏
Atty. Selling house and lot pwede bang hindi isali sa bintahan ang tubig o linya ng tubig sa bilihan ?
Hello Atty. Ask lang po.
What if yung property na na acquire namin tapos still on going monthly payment. Tapos ipa assume namin or e benta namin sa iba. Legal ba yun atty?
Thank you po for answering in advance.
atty. pwede po bang magbenta ng lupa sa bangko?
Good evening po, matanong ko lang po sir . ung father ko po nag bigay ng authority to sale sa lupa sa isang broker/agent. Pwede po ba maibenta yong property without the knowledge of the owner?
hello atty..
hello po. ask ko lng po kailangan pa rin po ba ng SPA kahit na yung mama ko po magaasikaso? OFW po ako. sabi po ksi nung seller pede nmn dw po na letter of introduction nlng
Yes
Oo
Atty pwde po bang macancel ang CLT?...
Kasi po binenta ng land owner yung lupa na sakahan sbi ng land owner nacancel na dw ang CLT nun..Ngaun po sinurrender na ng tenant yung sakahan pero kapit nun binigyan xia ng lupa.. pwde po bang ibenta ng land onwer yung sakahan?
Hello good morning.
My tanong po ako. tongkol sa nabili namin na lote.
Nag down payment ako ng 1.m, tapos gusto ko e balik.
Elan po dapat ang refund na makoha ko.?
I'm hoping your reply sir!!
Hello po atty my tanung lng po ako
Can a firmer filipino citizen who are naturalize to other country buy land in the Philippines
Yes
Can a filipino born citizen now american
Citizen sell the residential land without acquiring a double citizenship?
Yes.
@@YourLawyer bought property as single although I’m married is this legal? Thank you
@@YourLawyer How will this be taxed? Once taxed in the Philippines as a foreigner now (former Filipino, now U.S. citizen), will this be taxed again in the U.S.? Will being a dual citizen avoid double taxation?
@@bjpmd2006 You will need to report it for tax purposes in the US. But you can avail of the benefits under the Phil-US tax treaty, provided that you submit proof of your tax payments in the Philippines.
Can Department of affairs manila, can notarize an SPA while im on vacation from canada, how about from US, or from Japan? Its just my siblings residing in those countries as of now. Thank you attorney. Have a blessed day po.
Saan po gagamitin yung SPA?
Hello po my parents passed away at May naiwan na isang property nakapangalan sa parents namin yung property. Anim po kaming magkakapatid kailangan po bang mag transfer of ownership pa kung ibebenta namin yung bahay at lupa sa philippines?
Yes. The estate must be settled first by the heirs.
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Attorney meron po bahay at lupa na nabili ang family ko na nka pangalan sa cousin ko pero wla pa po titulo nsa developer pa po sya at gusto po ng cousin ko ilipat sa name ko yung pngalanng property. How do we process po? Kasi babayran plang po nmin ang titulo ng bahay pero nkapngalan pa sknya ang cousin ko po ay nsa US na ngaun