ConveyancingPH

Investing in real estate is one of the main dreams of the ordinary Filipino. Thus whenever an opportunity presents itself for one to invest anywhere, investing in a house or a home comes to mind. There were several instances when, after working hard to save money to invest, an OFW gets scammed into investing into non-existent property or those involving fake titles. OFWs can protect themselves by knowing these 3 ways to avoid being victimized by property scams.  1. If you are buying condominium units, you can check whether the property has an existing license to sell number before you proceed with your purchase. If it has no license to sell yet, avoid investing. This is to protect yourself from putting money into a project that has no permit yet to sell to the public.  2. Check out the documents.  The best way to check whether the title is legit is to get a certified copy from the Registry of Deeds. Make sure you ask the seller for a copy so your conveya...

I talked to a lot of overseas workers in my 8 years of practice as a real estate broker/agent. Most of them prioritize buying a house or a condo once they earn abroad. Who wouldn't be excited to buy when you see your co-workers buying property at home. For those who lived through the 90s, it was common to know someone who knew someone who purchased a big house upon arriving from the middle east or elsewhere after a contract. Today, given the low monthly payment, no spot down payment requirement, of builders selling property, the faster transfer of documents and funds from one country to another, it is easier for those who are earning abroad to invest in property faster. While the real estate industry offers opportunities to save for retirement or increase wealth, OFWs should take care to ensure that what they are investing with reliable builders who can deliver the property they purchased. Here are the three types of professionals OFWs should talk to before buying or investing...