Are you planning to build your dream house or a simple bahay kubo but have not bought land yet? This step could help you secure your first lot. You can also use this as a guide before buying land in the Philippines.
First, ask for a copy of the land title, then go to the Registry of Deeds and check for any issue. Issues such as: if the parcel of land has any arrears, somebody else is claiming the land, or check for any relatable problem that the land title may have.
Second, hire a Geodetic Engineer to take a survey of the actual lot boundaries and if there are any obstructions.
Third, assuming that the tile is “clean” without any problem. You will have to execute a Deed of Sale. Both parties should sign the DOS, and it should be notarized after.
Fourth, you should pay for the Documentary Stamp within the first month from the date the Deed of Sale has notarized.
Fifth, the seller or the lot owner should pay the Capital Gain Tax to the Bureau of Internal Revenue (BIR). The BIR shall issue a Certification of Authority to Register. This certification will show the Registry of Deeds that tax payment has made and the lot title is ready to be transferred to the new owner.
Sixth, you have to bring the Certificate of Authority to Register to the Register of Deeds. Finally, you will have to pay the Transfer Fee.
That’s it! Now, you will have to wait for the Registry of Deeds to process the documents. You may need to follow-up it with the agency from time to time.
Please note that this process only applies if you are buying land in a residential area and assuming that there are no issue attached to the land title.