Unnotarized Deed of Sale: Is It Valid or Not? Contract validity is often an argument when it comes to real estate transactions. Hence, it’s worth covering this topic on our blog to educate buyers and ensure their documents are always valid. After making an agreement, notarization is next, or the registration of the newly bought property. Let’s find out how crucial notarization is when buying a house and lot, condominium unit, or subdivision lot in the Philippines. Contract Validity & Notarization According to Article 1356 of the Civil Code, there’s no requirement for a Deed of Sale to be notarized for the contract to be valid. As long as the contract meets the necessary requisites, it’s valid in the selling of a property. The only thing that is essential in this transaction is that both parties come up with an agreement in terms of the sale of a property or land. Here are the requirements for contract validity:
On the other hand, notarization will become important during the registration of the property to the new owner, as required by the Property Registration Decree. A notarized contract, therefore, becomes a public document, as Article 1358 requires real property contracts to be public documents. But again, notarization is not essential for a sale to be valid. The convenience of this public document requirement is to protect buyers against any third parties. Notarized Deed of Sale for Registration According to Presidential Decree No. 1529, it is a requirement to notarize your Deed of Sale so that you can register the property. While it is valid for both parties to have an unnotarized Deed of Sale, the contract is simply not registerable in the absence of notarization. To expedite the process of transferring the property title to the new owner, make sure to get a lawyer who can notarize your Deed of Sale. Now that you know the difference between notarization for contract validity and notarization for registration, it’s easier to make confident decisions when buying real properties. This will ensure protection when dealing with a seller while preventing third parties from getting involved in the selling of the property. Whether you’re purchasing a new condo unit, house and lot, or a residential lot in your local subdivision, always follow the right steps to avoid future issues. Final Thoughts This is for academic purposes only. We advise you to ask for professional assistance from a lawyer if you are in doubt. You may contact us if you have any questions, or planning to sell your property. Just register on the official REALS Corporation website on our home page to list your property for sale in Baguio, Alabang, or anywhere in the Philippines. Talk to our real estate agents now and get a free consultation. condo for sale in the philippineshouse and lot in the philippines
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Duterte Arrest May Not Have Impact on PH Markets The Philippines and the world have recently witnessed a former head of state being arrested upon an arrest warrant from the International Criminal Court (ICC). Rodrigo Roa Duterte’s arrest may shake some foreign investors’ views, but it’s unlikely to create a big impact on the country’s economic landscape. Let’s delve deeper and learn from this historical event to create informed economic decisions including real estate investments. Duterte ICC Arrest vs Philippine Markets According to Jayant Menon of ISEAS-Yusof Ishak Institute, Rodrigo Duterte’s arrest will unlikely affect the political risk premium which is calculated by investors when making decisions regarding their investment portfolio. While it’s still early to say how much of an impact these recent happenings will have on the economy, Menon believed that it will not be a huge factor, economically speaking. The country has overcome many instances of political instability in Philippine history, so this may not be a significant factor that will affect both foreign and local investors. It could be due to the built-in resilience of the country when it comes to these kinds of uncertainties in the political and economic landscape. The minor negative impact of the ICC arrest is nothing compared to the bigger challenges that the Philippine markets are facing, particularly on the investment side. Menon mentioned that these heavier challenges that investors need to keep an eye on include technological disruptions, rising protectionism, and the effects of climate change. Meanwhile, Diwa Guinigundo, a GlobalSource Country Analyst, also marked this political disruption as insignificant for the economy of the country. However, he explained that the weight of the impact will depend on the actions that the masses will take against the arrest of former President Duterte. Some of these developments may upset Philippine markets, but they won’t be significant. Potential Benefits of ICC Political Blip Sometimes, these disruptions can be advantageous, as the country may leverage such opportunities. Investors are also already primed for this kind of disruption, so the impact will be softened after a while. Guinigundo also highlighted that Duterte's arrest by the ICC could give a positive impression to foreign investors because it shows that the Philippines adheres to accountability. He added that these investors have witnessed that the country upholds the rule of law and is consistent with public policy. Furthermore, this recent development also demonstrates the capability of the Philippine government to stop the culture of impunity. With more investments being made in infrastructure, the future of Philippine markets is indeed promising amid this political turmoil. It all boils down to the capacity of a critical civil society to recognize actual political disturbances that can affect the economy and disrupt markets. As more developments in real estate are also seen, there’s not much to worry about if you’re currently looking at a new investment to expand your portfolio. Stay tuned with the current market updates to make informed choices and economic perspectives. are you looking for properties in the Philippines for sale? click the links below for our complete listings: condominium for sale in the philippineshouse and lot for sale in the philippinesLocal & International Investment Opportunities Emerging in Central Roxas BoulevardThe iconic waterfront boulevard in Manila is making yet another milestone as it becomes the future prime destination for local and international investments. Roxas Boulevard is strategically located in Manila and stretches across Paranaque and Pasay City. If you’re looking to invest in modern developments, look no further; this could be your next best investment destination for real properties.
Resurgence as an Economic Hub There’s no denying that Roxas Boulevard is resurgent as an economic hub in Manila. Recently, modern developments were built, including high-value real estate and multipurpose open spaces. It’s offering investors a lot of new opportunities to partake in this promising waterfront district. With increasing viability, now is the perfect time to invest in Roxas Boulevard. With proximity to three big cities, the boulevard connects businesses, residents, and investors to major infrastructure developments and commercial hubs, including the international airport. In this district, you can also find multinational companies, hospitality brands, and government institutions. These are only some of the reasons why a lot of investors are choosing Roxas Boulevard. Aside from its diversified market, it also offers connectivity and accessibility to people. Growing Leisure Hub With the rich historical significance of Roxas Boulevard and its continued growth, many real estate investors are looking for properties within this district near the famous Manila Bay. Global businesses are emerging in the area, including leisure hubs that fuel demands for upscale residences, high-end hotels, and modern offices. Having exclusive assets in this strategic location can help diversify your investment portfolio. In terms of the real estate landscape, high-end properties are becoming more resilient. Therefore keeping investors confident while they continue to acquire exclusive assets. This strategic market dynamics helps improve long-term value, hence fueling economic growth. With luxury properties along the boulevard, investors benefit from stability and prestige. Imagine the panoramic views of Manila Bay and the set while enjoying exclusive amenities and accessibility; these are only some of the advantages of Roxas Boulevard. Luxury Real Estate Developments There are so many prime real estate developments in Roxas Boulevard, giving investors the options that suit them best. These prime properties in the bayfront district redefine Manila’s skyline, giving it a more sophisticated view and world-class architecture. They feature premium residences, high-end accommodations, and mixed-use developments, all in one prestigious location. If you’re looking for luxury living spaces, this economic powerhouse has got you covered. New-generation investors can take advantage of a more sustainable source of passive income by investing in these prime properties. That being said, let us know if you’re also seeking an upscale living experience with high-yield investments. By registering on the REALS Corporation platform, you can either sell your property or buy your dream home with the assistance of our expert real estate agents. Our team is well-experienced in the real estate market and can provide you with excellent options for the best opportunities you can capitalize on. looking for a house and lot for sale in the Philippines? how about condo for sale in the Philippines? click the button below: Perks of Buying Real Estate Beyond the City of Manila The fast urbanization of Manila help dreamers reach their goals. But this concrete jungle has become exhausting for some people despite its accessibility and opportunities. From dreaming to live in the city to wanting to escape from the hustle and bustle of the country’s capital, finding a place to breathe is important. If you’re looking to settle away from the crowd and traffic, it’s a good choice to invest in a luxury property outside the metro.
Reasons to Purchase Real Property in Suburban Areas While it’s a dream come true to live in Manila, many people are now realizing the benefits of living outside the National Capital Region. If you want to know why, here are some of the best reasons to invest in a house and lot in nearby provinces such as Laguna, Tagaytay, and Baguio: Lower Living Expenses Inflation may be affecting the entire Philippines, but it is still more affordable to live in the province rather than the city. Living expenses in NCR can reach up to PHP 30,000 for single individuals, while it tends to be lower outside Manila. For work-from-home professionals, it’s even much lower since they can retain a big portion of their salary unlike those who commute to work everyday. More Affordable Property Prices If homeownership is challenging in Manila, you have an option to establish your life in the suburbs. You will find a lot of properties outside NCR that are cheaper, even luxury homes are more affordable than those in Manila. One example are the housing units in Bulacan and Baguio, and these properties up north are built close nature and greeneries. Better Land Appreciation Bulacan, Rizal, Baguio, and other fast-developing provinces are expected to offer higher property values in the coming years. You can make a lot of profits by investing in these high potential residential properties with more people seeing the benefits of living outside the city capital. It’s good to start with a vacant lot and then build a house that you can use or rent out. The plan is to get a property in these developing regions while prices are still cheaper. More Accessibility to Areas Outside NCR With remote work becoming more popular among professionals, Manila is no longer the only dream place for the working class. Even companies are now focusing on building businesses in other areas including Bulacan, Rizal, and Cavite. Remote workers have the freedom to stay in their home towns rather than moving to the city just to find work. It’s obvious that growth outside Manila is flourishing and more jobs will be available beyond the city. The earlier you see the value of buying properties in provinces, the better profitability you can make in the future. Financial stability is within reach when you decide to make real estate investments while property prices are cheaper. Find affordable homes and luxury properties at REALS Corporation, your go-to platform when it comes to Filipino homeownership. Are you looking to buy a property in the Philippines? How about selling a property in the Philippines? Click the button below to see the listings of REALS Corporation: Is Real Estate the Safest Investment for Filipinos? With an unstable economy, it’s challenging to find a steady source of passive income. Finding the safest way to invest your hard-earned money is the best option. However, it’s important to understand that even the safest investments may equate risks. While there’s no guarantee for a safe investment, you can make sure that the risks will be worth it in the end. In this article, you will learn why you should make safe investments in real estate properties with a market value that grows over time.
Benefits of Real Estate Investments What makes a real estate investment safe is that it can provide you with a stable, passive income in the long run. If you’re still having some doubts, here are the best reasons why investing in real properties is the safest investment you can make in the Philippines. Increasing Value Over Time When you invest in residential properties such as a house and lot in Baguio City or other provinces, the value of your property will increase over time. The growing market value of these assets makes real estate the safest investment, even for young investors. The key is to invest in things that appreciate over time instead of depreciate after purchase. Consider important things like accessibility, lot area, and location when buying properties. Generate Passive Income Make the most out of your real properties by leveraging them to earn a passive income. You can rent out your condominium, house and lot, or subdivision unit to make money on the side. Rental properties are the best way to generate passive income while the property value increases in the long run. Before renting out your property, assess the maintenance costs and other fees to ensure you make enough profit. Protection From Inflation Since risks are inevitably involved in any investment, it’s crucial to understand how inflation can disrupt your purchasing power with increasing interest rates affecting the consumer price index. Rising inflation means property value increases as well. If you rent out your condo in Baguio City, for example, the tenant will be the one to experience the effects of rising inflation as rentals also go higher. Better Tax Benefits Real estate investors enjoy tax benefits as they pay fewer taxes than those who invest in other asset classes. Even if you own just one property, you can minimize tax expenses and increase your land’s market value over time. However, you need to follow the process to maximize your benefits, including deductions for property tax, mortgage interest tax, capital gains, and other pass-through deductions. Check out the official REALS Corporation website for an updated listing of properties for sale in the Philippines, particularly in Baguio City. We are Baguio's leading real estate brokerage company, with decades of experience and trusted agents ready to help you. Register on the site to sell or buy your dream property and become a homeowner today! How to Avoid Real Estate Scams in the PhilippinesYour dream of having your own condominium or house and lot could turn into a nightmare if you don’t play smart. A lot of real estate scams in the Philippines are threatening home buyers and investors, so knowing these common issues is important. Whether you’re planning to purchase a real property in the city or in the province, you need to make smart investments to build wealth in the long run. In this article, you will learn how to spot real estate scams and avoid them, especially for beginners.
Most Common Scams in PH Real EstateIn 2021, the Department of Human Settlement and Urban Development (DHSUD) and other Philippine government agencies implemented the Anti-illegal Real Estate Service Practices Inter-agency Task Force for the prevention of any unlawful activities related to real estate business in the country. In addition, it was created to penalize scammers who will swindle home buyers and investors including OFWs. Having basic knowledge regarding these common real estate scams in the Philippines will help homeowners avoid falling victims to such fraudulent acts: Real Estate Pre-selling Scams Deceptive real estate developers offer incentives and buyer rates that are too good to be true. These pre-selling scams in real estate often make buyers believe that they got the best deal, when in fact, they are being scammed. After paying the downpayment, the timeline for the development will be moved until the buyer can no longer keep up with the extensions. Make sure that the project is existing and don’t just believe in the timeline given to you by the developer. Foreclosed House and Lot Fraud The most common victims to foreclosed property scams in the Philippines are overseas Filipino workers since they cannot visit the unit before purchasing. These scammers usually pretend as the property owner or real estate agent with forged documents including the land title. After signing the contract, the buyer is not made aware that the house and lot is already foreclosed. Be sure to check the property before buying from an unknown dealer. Illegal Double SaleIn a double sale, a shady realtor will sell one single property such as a condominium unit to two individuals. This happens when a buyer unsuccessfully transferred the property title to his name and the seller managed to sell the property to a second buyer without letting the first buyer know. To avoid a double sale, make sure to process the title transfer as soon as possible after purchasing the property. When it comes to trustworthy real estate brokers, REALS Corporation always keep it real with clients. If you’re looking for a house and lot for sale in Pinewoods Subdivision Baguio City, check out our website for more details. We are the most trusted Pinewoods Baguio City real estate broker that will help you find the exact unit you want and need. Start a new life at the Pinewoods Golf and Country Estates and enjoy the beautiful scenery with your loved ones. Higher-Quality, Well-Located Developments in High Demand for PH Real EstateThe real estate industry in the Philippines is currently charting new territories with an increased demand for developments with superior amenities and prime locations. Compared to previous cycles, the PH real estate market is experiencing unparalleled challenges. Let’s learn some new insights from Cushman & Wakefield, an international commercial real estate company, regarding the current trends impacting the real estate environments in the country.
Unprecedented Factors Shaping Real Estate in PHAccording to Cushman & Wakefield, the key factors that affect the real estate market include technological advancements, geopolitical tensions, and pandemic effects. Now, let’s break these down to get a clearer picture of the current landscape for developers and investors in the Philippines:
Property developers are creating self-sustaining developments to ensure investors have the exact properties they demand, whether there’s a crisis or not. If you want to sell your property anywhere in the Philippines, register on this site and list your property so we can help potential buyers find it online. At REALS Corporation, you can find expert real estate agents with established portfolios who can help buyers find the best deal. are you looking for a house and lot for sale or a condominium for sale in the Philippines? click the button below |
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