• According to the Law: Buying a Property

    When looking for a home, what do you do when you are presented with dubious or incomplete documents? Atty. Cecilia Real shares steps you can take.
    by Atty. Cecilia L. Real .
  • houseQ: “My husband and I want to buy a place we can call our own home while our family is still small (we have one child). We are but office workers so we have a limited budget.  We met this agent who offered us a property in Rizal that we can buy through PAGIBIG or bank financing, who then gave us an unsigned Contract to Sell. We are interested in buying the property, but we are worried since we have not met the owner of the property. What is the best thing for us to do at this time?” – Mrs. Growing Family

    A:

    Dear Mrs. Growing Family,

    I really appreciate young couples who take positive plans to build a family home. You are taking the right path for your baby and future children.

    Considering that any money that we put into that family home is hard-earned, we must also be very cautious in choosing the right property to buy and transform into a home.

    Before affixing your signatures to any contract of whatever nomenclature, please take time to check on the following:

    1.    Check if the agent is authorized by the owner of the property to transact for and in his behalf;

    2.    Get a copy of the Contract to Sell so you can seek advice from an authority on such contracts, such as a lawyer or the Register of Deeds;

    3.    Get the name of the owners of the property you have taken interest on;

     

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