Things To Consider Before Buying Real Estate in Antipolo City
Real estate is a hot topic in the Philippines because it is one of the fastest, legal ways of getting a big amount of money. All you have to do is sell a property and you will have funds to last you for over a month, depending on how big the property is. There are many properties for sale available in different parts of the country, from the central business districts of Manila to Antipolo City.
Many people now are in the business of buying and improving real estate in the hopes of selling them at a higher price in the near future. Though this may seem like an easy way of earning money, it is still quite an arduous process. Listed below are just some of the things to consider before buying real estate in Antipolo City:
- Location
The first factor to look at before buying real estate is, of course, the location. Without it, there is nothing to buy. Make sure that you are happy with the location itself and with the area surrounding it. The price of your property will also depend on the location and its surroundings, so this is really a very important factor to consider.
- Transfer Certificate of Title
The transfer certificate of title (TCT) is a very important document for buyers, so you should always make sure that it is authentic. To do this, get a Certified True Copy of the TCT from the Register of Deeds. Once you have this, make sure that the title is clean, meaning it is not mortgaged and has no liens or encumbrances. You sill see this under the “Encumbrances” heading of the title. Finally, make sure that the title is really for the land that you want to buy and that the sellers are really the owners of the land. Ask the help of a geodetic engineer or a surveyor, and study the fine details of the title.
- Yearly taxes
You don’t want the burden of having to pay the unpaid yearly real estate taxes of the previous land owners. Ask for copies of tax declarations and tax receipts to confirm that the taxes are duly paid.
Once you have taken the aforementioned factors into consideration, you are now ready to proceed with the purchase. Whip up a good agreement with the seller and start enjoying your Antipolo City lot in no time!
