Ultimate Guide in Buying House and Lot in Rizal
21 July 2022To acquire a house and lot for sale in the Philippines, you need to be knowledgeable of the many aspects of the process. In truth, there is a process that you must follow in order to avoid making errors while making the purchase of the property. It's critical that you educate yourself on these processes and procedures if you want to look for a house that best meets your wants and your budget.
A home near Metro Manila
Nature, comfort, and accessibility are the first things that spring to mind when we think of ideal family houses in the Philippines. Of course, Rizal is one of the top places on the list for every prospective property buyer and one of the most sought-after locations in real estate because of its easy access to the Metro. Affordable homes with an urban feel are available in the province's suburbs, which are surrounded by beautiful nature and open space.
Below are some guides on how to buy a house and lot in Rizal:
1. Get clear about what you're looking for in a home and a location.
Choose the size of the space you want, the location that meets your needs, and the budget you want to work with. Comparing properties is an excellent way to get the best deal on a house and lot combination that fulfills your needs while remaining within your financial constraints.
There are different types and sizes of homes that can match your specific needs or lifestyles. From rowhouses, duplexes, and single firewall home model units, it is greatly dependent on how much space you would need inside your home. Additionally, there are townhouses on the market that are situated in attractive neighborhoods.
Determining how you'll pay for the property is an equally critical step to taking action on the deal. There are a lot of payment schemes to choose from these days aside from paying a lump some of the total contract prices. You can choose either to pay it through financing institutions like Pag ibig housing loan or bank financing. Meanwhile, some developers like Lumina Homes also offer In-House financing for those homebuyers who couldn't have a home loan through Pag-IBIG or via bank.
In Lumina Homes, we currently offer three communities in Rizal:
Lumina Binangonan: Around 1 hour and 29 mins travel time to Metro Manila (Closest community to the metro)
Lumina Baras: Around 1 hour and 50 mins travel time to Metro Manila (If you want a community in which you can enjoy nature spots and yet close to the metro)
Lumina Pililla: Around 2 hours and 12 mins travel time to Metro Manila (For homebuyers who prefer to have easier access to adjacent provinces such as Laguna and Quezon)
2. Check to see whether the Owner's Duplicate Certificate is genuine.
Verifying the legitimacy of the Owner's Duplicate Certificate supplied by the seller is an important next step if you're interested in a property that meets your requirements.
There are two ways to prove ownership: an Original Certificate of Title, which is the initial title granted on the property, or a Transfer Certificate of Title, which is issued thereafter.
The Registry of Deeds (ROD) will authenticate this document if you have a copy with you at all times. You'll be able to determine whether the title is clear and free of legal restrictions and claims. Buying a house that already has a mortgage or is in dispute is not something you want to do by accident. As a result, you are safeguarding yourself against illegal practices, such as the fraudulent sale of assets or phony property titles.
3. Hiring real estate experts is the best way to go.
Experts like a real estate broker, land surveyor, and real estate attorney can help you through the complexities of purchasing a home, as well as speed up the process and save you time and money in the process. All of your inquiries regarding buying a property in Rizal will be answered by these experts so that when you make your purchase, you'll be prepared.
4. The Deed of Sale must be completed.
Once you're certain that the title is clear and fulfills your requirements, you may now sign the Deed of Sale. As soon as the purchase amount has been fully paid, this document is both signed by the seller and the buyer to officially transfer ownership of the property. There will be a written agreement between seller and buyer that covers all aspects of this transaction. When produced in a court of law, this document will have more clout if it is notarized beforehand.
5. Pay the due fees and taxes.
In addition to the property's selling price, you'll owe closing costs and other expenses associated with the deal. Notary costs and Deed of Sale registration fees are included in the cost of the service. Documentary Stamp Tax (DST), Transfer Tax, and Real Property Tax are some of the additional taxes you will have to pay when you take possession of a property.
6. Transfer of Ownership.
To finish the registration procedure, the buyer must pay the Capital Gains Tax and satisfy all other duties before the Bureau of Internal Revenue will issue the Certificate of Authority to Register. This document must then be submitted to the Registry of Deeds. Your ownership will be transferred to you afterward.
You may also purchase straight from a house and lot builder when looking to buy a house. You'll save money and time by doing so, and you won't have to worry about or process taxes on your own for the transaction. Transfer of ownership is also handled by the developer. There are advantages to purchasing a new home directly from the developer, like Lumina Homes, rather than going via a real estate agent.
In addition to this, there are a number of advantages available to you in these postcard-perfect towns at a reasonable cost and good public transportation system.
Buying a house and lot in Lumina Binangonan
These Rizal houses located in a first-class province lets you experience the visual arts of various national artists through Pinto Art Museum, modern convenience, the best education--both public and private-- such as Assumption Antipolo and University of Rizal System Binangonan, and a great view of the Laguna de Bay.
You can also have smooth transportation going to the cities like Makati City and Antipolo City if you want to visit Vista Mall, Xentro Mall, or Robinsons Place through a private car.
Buying a house and lot in Lumina Baras
This house and lot for sale in Rizal are perfect for people who want to enjoy the refreshing cool winds of the province. An ideal place to settle if you want both the benefits of pleasing environment while not being too far from the city.
Buying a house and lot in Lumina Pililla
Meanwhile, for wanderlust soul who wants to have the best experience of adventure and life, Lumina Pililla is a wise decision to invest in because of its proximity to different nature locations such as Tinipak River and Pililla Wind Farm. It also has great proximity to other provinces and places in Laguna and Quezon.
Grab all these advantages now and avoid the hassle of homebuying in Rizal with Lumina Homes!
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