Do you feel that heat? That not only reminds you about the usual climate of the region, it is also a hallmark that summer is already on the horizon.


But while many people would choose to be cooped up in the comforts in their temperature-cooled rooms or dip into the cool waters of the beach to combat the heat, others choose to embrace summer outdoors with open arms and not be burned by it.


If you are in the Philippines, no other place says as much truth than in the high-altitudes of Baguio City, the country’s “Summer Capital.” It is here where temperature during summer rises only to be at par with the lowland’s coolest around a shade.


While being in the high rise of the city is fun as a runaway from the summer’s scorching humidity, the benefits is perhaps much more experienced when you own a property in the place.


When you speak of real estate, condominiums in Baguio City remains ever in-demand for those who sought private assets in the cool highlands. Though the chances of acquiring a plot of land from the locals pose a conundrum, there are still available condominiums in Baguio City that can be rented, if not bought.


Those who choose to migrate, on the other hand, may find luck in owning house and lot in Baguio City. With the right people, you can quite easily find a house and lot in Baguio City and thereby experience the life in the high rise like the natives.

Lots of people are now considering on getting a condo? What are the reasons for this? Condominium are accessible to markets and industrial buildings. Though, there are few things you need to consider before you buy your own condominium. Is it affordable? Is it really accessible? Are there enough amenities you can enjoy with your family? Before jumping into conclusion and to your decisions, you must think first and think about it, hundreds of time.

Here are few things you should do to have the best condominium:

Test the water first. You cannot buy a thing you barely know. You have to do intensive research about the building before giving your cheque. Ask, ask, and ask. There is nothing wrong with asking, especially the sales agent who studied every feature of the condo. But wait, you need to understand that sales agents want to sell, so they will show their convincing power just to convince buy the condo. Think first, and research again.
Do not settle with one option. Collect more options as many as possible. Compare each condominium you have inquired with, and see the pros and cons. After that, you can finally choose the best condominium for you.

Start to manage your finance properly. When you avail a condominium, you must make sure that you know how to manage your budget. Before getting a condo, you think about how much all amenities and unit size would cost. Though, aside from that, you need to consider about the real property tax, insurance, registration fee, and moving cost.
Be a wise spender. Before applying for house loan, you should have no problem in your credit card. Update your credit card to avoid any being questioned and rejected. Learn to manage all of your expenses and live only within your means, because you have to pay monthly for your amortization, and make sure that there are no lapses with your payment.

Anticipate discounted condominium units. You can also look for discounted condo units or those who are offering promotions. They offer discounts especially if you fully paid for your deposits. Some real estate agents also offer discounts especially when they have quota to reach. If there is great condominium for you, then grab it!

Condo units for pre-selling are much cheaper, take advantage on it. Condominium pre-selling means the building is not yet built, but you can have agreement and contract with real estate agent that you will be having it after the construction is finished. The price of pre-selling condo units is much cheaper than the finished one.
Although pre-selling condo unit are much cheaper, you must make sure that you invested your money with trustworthy and credible developer. The real estate broker should be licensed before you close an agreement.

Be wise when selecting financial institution. You might be considering on getting loan from financial institution to finally get your dream condo unit. Select the financial institution that would give you the best rate that would fit your financial capability. Some who offers housing loans are commercial bank, in-house financing, and PAG-IBIG fund.

If you can pay it in cash, then pay it full. Paying the amortization full is much cheaper than paying it monthly basis. Paying in cash will also help you to avoid any worries on paying it monthly.

Affordable and Soon to Launch Condominium in Baguio City: The Mist Residences! Looking for perfect condominium might be tough, but you can surely find the best choice after few researches. Are you one of the locals in Baguio City or one of the people who wants to move there? Then, The Mist Residences might be your new home.
The owner of the Mist Residences is Mr. Andrew Tan who also owns the Megaworld Suntrust Baguio, McDonalds Philippines, Emperador brandy, and other major businesses in the Philippines. This proved that the Mist Residences is stable and trustworthy. If you are planning to get pre-selling condo unit, there would no problem.

What do The Mist Residences offer?

• Accessibility. The location of this condominium is just in front of Puregold Marcos Highway.
• Lots of Amenities.
• The condo units are studio type, 2-bedroom, and 3-bedroom.
  
  
  In this condominium, you and your family will feel safe because there is 24/7 surveillance camera. Enjoy the accessibility. Whenever you need something, you can buy it just few steps from your home. You can also enjoy the luxury the Mist Residences offer!

The most basic form of business operation that has been around ever since the beginning of time is buy-and-sell. Although as simple as many people deem it to be, there are many complications that goes into this process; most especially in cases wherein a certain property must be divided among legal heirs. It makes it even more difficult when the owner of the property passes away even before settling the transfer of ownership. The insufficient understanding of the process that lies behind this case is the reason why a lot of people experience troubles and fall into scams.

But there is an easy way to solve this problem when you do encounter it; you can fix this through an extrajudicial settlement. In this article, you would be educated on it by learning its requirements and the processes that comes along with it.

So, the first thing you must know is what is an extrajudicial settlement; it is the process of formally settling a property through a contract that includes the details on the division of the deceased’s estates between the inheritors. The contract indicates the properties that the deceased own which after the contract will then be referred to as an “estate”.

And the reason why this process is considered “extrajudicial” because the inheritors of the estates did not undergo trial in court to come up with a definitive decision on the division of the estates but instead chose to divide through a non-trial process.
Now that you have understood what an extrajudicial statement is the next step here is to know the requirements for it.

One of the most necessary things one must have is knowledge of absolute absence of a will. The will is the official settlement of properties, so without it, the extrajudicial settlement can be done. But in the case, that there is, if there are properties that were not included in the will, the extrajudicial settlement can be done.
There are other requirements one must take note of.

• The estate must not have current debts. The division can be formally done once the debt has been paid. But the estate itself can be used as payment and the remaining part of the estate can be divided.
• If there are inheritors who are minors, it is imperative that a legal representative is present during this settlement.
• As for the inheritors that wish to adjudicate the entire estate, they must have an “affidavit of self-adjudication”, the affidavit must be filed in the locale of the deceased.
• And in cases if there are a lot of inheritors, they would need “Deed of Extrajudicial Settlement of Estate and Adjudication of Estate” that has been notarized. The document must have the following information:
  1) details which show that the deceased did not have any will and the property had no debt;
  2) the relationship of the inheritor to the deceased;
  3) details explaining that they are the only living inheritors;
  4) an inventory that indicates the description of the properties to be divided; and lastly,
  5) intricate description of how the properties will be divided.

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That ends the process of extrajudicial settlement, from here inheritors can do as they please.

Owning a property is one of the many accomplishments a person can achieve in this world. But having to legally own something of this world is not just a matter of self-proclaiming a property as his. Even a con person can do just the same without any legal backing. Nowadays, to realistically own a real estate is to have a legal paper which depicts the truth to the claim.


But, what if, as a genuine property owner, you lost this critical piece of paper? Well, that could cost you your beloved real estate if the title which authenticate it as yours is not replaced immediately.


Missing out on a land title as a real proprietor was not an uncommon dilemma, especially among the lay people who do not know the goings-on of the law in their land. For these people, there is the assumption that, as long as they remain in their own land, a land title is nothing but an optional piece of paper.


But, therein lies the problem: without a land title, a person’s property may not be legally his according to the law. The conundrum may even be compounded by the risks involved in the paper’s very own absence, particularly involving the presence of a fraudster who would dare claim the property to be his, matters of inheritance, and even its selling.


Putting the effort to having your lost land title replaced may be troublesome for some people but neglecting on it altogether until later may be much of a bigger headache if condone. Save yourself the trouble and have your land title be reissued asap by following these steps:

1. File for Annotation of the Affidavit of Loss
2. Request for a Certified True Copy with the Loss
3. File for a Petition with the Regional Trial Court
4. Attend Jurisdictional Hearing
5. Present all available evidence
6. Await the Issuance of Court Decision
7. Await the Issuance of Certificate of Finality
8. File for a Court Decision and Certificate of Finality at the Registry of Deeds
9. Claim the replacement for the Owner’s Land Title

Reasons Why You Must Have Your Land Title Replaced ASAP


To iterate, missing on your land title would put you in a position where you could lose it due to the fraudulence of others and make the otherwise simple process of transferring the land to you or to any of your kin more complicated.


For instance, without a land title to your name, another person can illicitly claim your property and sell it to others as his. This may sound like an outright thievery, but if the person had the paper—possibly forged for him—to back up his claim, then you are at a loss.


Furthermore, in matters involving the transfer of the land title to kin or to another person altogether by selling, such transaction would not be possible without your land title in the process.