Basic Process of Property Transfer in Philippines

In the Philippines, property transfer is a more complex process, usually need to complete the following procedures:

Confirmation of house ownership: Before the transfer of ownership, the authenticity and legality of the property ownership need to be confirmed. It is usually necessary to check the certificates and documents of the house and ensure that the property rights of the house have been transferred or inherited.

Land survey: Before completing the property transfer, a land survey is required to confirm information such as ownership and boundaries of the property.

Signing a contract of sale and purchase: In the Philippines, when buying or selling a property, a contract of sale and purchase is required. The contract should include the description of the property, price, payment method, delivery date and other relevant terms.

Pay taxes: property buyers and sellers need to pay some taxes to the government, such as stamp duty and transfer fees.

Application for transfer of ownership: the transfer of real estate needs to be applied at the Land Registration Authority or the Assessor's Office. When applying for a transfer, documents related to the identity of the seller and the buyer, the property certificate and the purchase contract are required.

Preparation of documents: real estate transfer needs to prepare some documents, including housing title certificate, land certificate, notary's certificate, etc.

Exchange of documents: Both parties need to exchange documents, including all documents, house assessment and transfer fee receipts.

Transfer procedure: both the buyer and the seller need to go to the local government agency to carry out the real estate transfer procedures, and the government agency will review and confirm the legality of all documents and certificates, and finally transfer the property rights to the new house owner.

It should be noted that the specific real estate transfer procedures and requirements may vary from region to region. Therefore, it is recommended to consult the relevant regulations and requirements of the local government before the real estate transfer to ensure the smooth progress of the transfer procedures.