December
Land ownership is among the hottest issues faced by many foreigners who wish to buy real estate properties in the Philippines. Americans and Europeans are a bit surprised when they realized that they cannot simply buy house and lot packages in the Philippines and have the Land Title placed in their names.
There are basically three (3) ways of financing a real estate purchase, namely: A) spot cash, B) deferred cash payment, C) long term financing. A resale house or property from an individual seller (as opposed to a developer) is usually to be paid in Spot Cash. On the other hand, real estate for sale from developers, can be availed in longer terms.
I feel for those buyers who made some serious mistakes in buying a house only to find out later that they really can’t afford to pay the future monthly dues and has to give it up. It can be a very stressful experience and can be expensive mistake, too. It doesn’t have to happen to you.
MANILA, Philippines—As a Philippine property boom gathers pace, even Paris Hilton, Donald Trump and high-fashion house Versace are getting a piece of the action.
Cor., Valero St., Legaspi Vill., Makati City