9. Documents Required: List of Necessary Documents

Documents Required #

When purchasing a house in the Philippines, various legal and financial documents are necessary to facilitate the transaction. It’s essential to ensure that all required paperwork is obtained and organized to streamline the purchasing process. Here’s a comprehensive list of the necessary documents:

Legal Documents: #

1. Title of the Property
2. Deed of Sale
3. Tax Declaration
4. Updated Real Property Tax Receipts
5. Land Tax Clearance
6. Certificate of No Property Tax
7. Certificate Authorizing Registration
8. Tax Identification Number (TIN) of the Seller
9. Valid ID of the Seller
10. Special Power of Attorney (if applicable)

Financial Documents: #

1. Loan Approval from the Financing Institution (if availing a loan)
2. Bank Statements
3. Income Tax Returns (ITR)
4. Certificate of Employment and Compensation
5. Notarized Affidavit of Income

Other Documents: #

1. Valid IDs (e.g., Passport, Driver’s License, etc.)
2. Marriage Contract (if applicable)
3. Birth Certificate
4. Certificate of Employment
5. Photos of the Property

Obtaining and organizing these documents is crucial for a smooth house buying process. It is advised to work closely with a real estate professional or legal expert to ensure that all necessary paperwork is in order and to avoid any potential complications during the transaction.