Buying a house in the Philippines is a big investment. Whether you are a first-time buyer or an OFW,
it is important to understand the legal process, financing options, and requirements before purchasing a
property.
1. Set Your Budget
Decide how much you can afford including down payment, monthly amortization, and extra fees.
2. Choose Location
Consider accessibility, safety, schools, hospitals, and future development.
3. Find a Property
Look for house & lot, condo, or foreclosed properties from developers or owners.
4. Check Documents
Verify the title (TCT/CCT), tax declaration, and ownership legitimacy.
5. Reserve the Property
Pay reservation fee (usually ₱20,000–₱100,000 depending on property).
6. Sign Contract to Sell
This outlines payment terms, schedule, and conditions.
7. Apply for Financing
Use bank loan, Pag-IBIG Fund, or developer financing.
8. Deed of Absolute Sale
Final document that transfers ownership to buyer.
9. Pay Taxes & Transfer Title
Pay CGT, transfer tax, and register with Registry of Deeds.
10. Turnover & Move In
After title transfer, property is officially yours.