Buying property in a foreign country can be daunting. You can try to learn all the tips and tricks on your own, you can try to sidestep scams and pray everything goes well but that can be expensive.
Why not work directly with the tip Condo developer in the Philippines. Take advantage of our decades of experience as licensed real estate agents for FREE and avoid potential legal issues
Legal Issues
- Freehold Condominiums are secured with a Condominium Certificate of Title. This is recorded at the Philippines Registry of Deeds. Foreigners can own condominiums in the Philippines (but not houses).
- Philippines has a legal system patterned after the United States. Having said that, it is always best not to involve the legal system.
- Philippine law requires a developer to refund 50% of the investment in a pre-sale condominium if there have been timely deposits for at least 2 years and the purchaser no longer wants to continue.
- Developers can delay completion of a project and or there can be delays regarding issuing of titles. You want to purchase from a developer that has a spotless record of completing and turning over units on time.
