tag:blogger.com,1999:blog-82623849590826004652024-03-20T23:15:03.780-07:00Own This PropertyReal Estate in the PhilippinesGibohttp://www.blogger.com/profile/01612881111998926100noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-8262384959082600465.post-32055519672982434502010-09-24T20:15:00.001-07:002010-09-24T20:28:03.307-07:00Lot in Talibon, Bohol for SaleHere's a real good deal.<br /><br />A 3.2 hectare lot in San Carlos, Talibon, Bohol is for sale for only P105 per sqm and still negotiable. The lot is planted with mangoes, gemelina and rice and is adjacent to the San Carlos, Talibon Elementary School.<br /><br />Of course we all know that Talibon is a municipality with its own port, seat of the second diocese in Bohol, and among the top candidates to be the next city in the province.<br /><br />For expressions of interest and/or inquiries, please email me at lumantao@gmail.com or call/text me at 09067668232.Gibohttp://www.blogger.com/profile/01612881111998926100noreply@blogger.com0tag:blogger.com,1999:blog-8262384959082600465.post-68427089126944074752009-04-25T10:22:00.000-07:002009-04-25T10:30:41.529-07:00The Condominium Act of the Philippines<span class="Apple-style-span" style="font-size:small;"><span class="Apple-style-span" style="font-family:arial;">The Condominium Act of the Philippines, Republic Act No. 4726, expressly allows foreigners to acquire condominium units and shares in condominium corporations up to not more than 40% of the total and outstanding capital stock of a Filipino owned or controlled condominium corporation. You may read the full text of the law <a href="http://www.chanrobles.com/republicactno4726.html">here</a>.</span></span><div><span class="Apple-style-span" style="font-size:small;"><span class="Apple-style-span" style="font-family:arial;"><br /></span></span></div><div><span class="Apple-style-span" style="font-size:small;"><span class="Apple-style-span" style="font-family:arial;">In the law, a condominium is defined as </span></span><span class="Apple-style-span" style="font-size:small;"><span class="Apple-style-span" style="font-family:arial;">an interest in real property consisting of a separate interests in a unit in a residential, industrial or commercial building or in an industrial estate and an undivided interests in common, directly and indirectly, in the land, or the appurtenant interest of their respective units in the common areas.</span></span></div>Gibohttp://www.blogger.com/profile/01612881111998926100noreply@blogger.com2tag:blogger.com,1999:blog-8262384959082600465.post-90965500800887523402009-04-20T16:54:00.000-07:002009-04-20T17:02:56.375-07:00House and lot by the beach in Bohol for saleHere is something successful people might be interested. A house and lot located by the beach in Guindulman, Bohol is for sale. Will definitely save you the construction worries in getting your dream beach house. Check it out. If you're interested, email me at <a href="email:lumantao@gmail.com">lumantao@gmail.com</a> and will help you get in touch with the seller.<br /><br /><object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/I36yyxvvXn4&hl=en&fs=1"><param name="allowFullScreen" value="true"><param name="allowscriptaccess" value="always"><embed src="http://www.youtube.com/v/I36yyxvvXn4&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>Gibohttp://www.blogger.com/profile/01612881111998926100noreply@blogger.com0tag:blogger.com,1999:blog-8262384959082600465.post-11246913901344583242008-09-30T20:48:00.001-07:002008-09-30T20:54:48.352-07:00Capital Gains Tax and BIR Form 1706<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjaAWR9NmUQWkNIIgRYWPW0l2MLL2wqhY2hxmrxR7H7kSLfHOUeNsCmUeSOdSOsTkdrn2fj2dMNLRTQTuwfKDap07-as0cox8PcCoLpqv9Lz1SdiQeh5L-9B3N-8veAAFH0gf1brFnVkCaz/s1600-h/river-cruise1.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjaAWR9NmUQWkNIIgRYWPW0l2MLL2wqhY2hxmrxR7H7kSLfHOUeNsCmUeSOdSOsTkdrn2fj2dMNLRTQTuwfKDap07-as0cox8PcCoLpqv9Lz1SdiQeh5L-9B3N-8veAAFH0gf1brFnVkCaz/s320/river-cruise1.jpg" alt="" id="BLOGGER_PHOTO_ID_5252028938292399954" border="0" /></a>One thing you have to remember about the disposition or transfer of real estate in the Philippines is Capital Gains Tax. It is a tax imposed on the gains presumed to have been realized by the seller from the sale, exchange, or other disposition of capital assets located in the Philippines, including <span style="font-style: italic;">pacto de retro</span> sales and other forms of conditional sale.<br /><br />Within 30 days after the sale, exchange, transfer or other disposition of real property, remember that you are required to file BIR Form 1706 entitled Final Capital Gains Tax Return (For Onerous Transfer of Real Property Classified as Capital Assets -Taxable and Exempt, and pay the tax amounting to 6 percent of the net capital gain based on the selling price, fair market value or zonal value, whichever is higher.<br /><br />In filing the return, the following documents are required to be attached:<br /><ol><li>One original copy and one photocopy of the Notarized Deed of Sale or Exchange </li><li>Photocopy of the Transfer Certificate of Title; Original Certificate of Title; or Condominium Certificate of Title </li><li>Certified True Copy of the tax declaration on the lot and/or improvement during nearest time of sale </li><li>“Certificate of No Improvement” issued by the Assessor’s office where the property has no declared improvement, if applicable or Sworn Declaration/Affidavit of No Improvement by at least one (1) of the transferees</li><li>Copy of BIR Ruling for tax exemption confirmed by BIR, if applicable</li><li>Duly approved Tax Debit Memo, if applicable</li><li>“Sworn Declaration of Interest” as prescribed under Revenue Regulations 13-99, if the transaction is tax-exempt </li><li>Documents supporting the exemption</li></ol> For more information, visit this page of the <a href="http://www.bir.gov.ph/taxinfo/tax_capgin.htm">BIR website</a>. You may also download <a href="ftp://ftp.bir.gov.ph/webadmin1/pdf/30231706.pdf">BIR Form 1706</a> here.Gibohttp://www.blogger.com/profile/01612881111998926100noreply@blogger.com0tag:blogger.com,1999:blog-8262384959082600465.post-54161845500008976202008-09-19T17:27:00.000-07:002008-09-19T18:07:13.149-07:00Prepare Deed of Absolute Sale by yourself<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifKV9aZwO2Uv-6oDq7ppuYyl4J5xL-q5sLqn1b3fVg-3yl0gKgpWHcXAeOh5BjRfHGAjndXY4poovmB3NonZp36wYAXAGYrHZnj8L2lq6xjbsYkA8J-xbwjVUAWymUU5VAgyR4vRy-pb8W/s1600-h/corella.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifKV9aZwO2Uv-6oDq7ppuYyl4J5xL-q5sLqn1b3fVg-3yl0gKgpWHcXAeOh5BjRfHGAjndXY4poovmB3NonZp36wYAXAGYrHZnj8L2lq6xjbsYkA8J-xbwjVUAWymUU5VAgyR4vRy-pb8W/s200/corella.jpg" alt="" id="BLOGGER_PHOTO_ID_5247902578367195794" border="0" /></a>In the Philippines, when we sell or purchase real estate unconditionally, we use a document entitled Deed of Absolute Sale. The "deed" is usually prepared and must be notarized by a lawyer-notary public and thus considered a public document.<br /><br />Having your lawyer prepare the document usually means you pay more. Nothing actually prevents the parties from preparing the document themselves, and there are quite a few guides available on the net. One such guide is available at this website entitled <a href="http://legal-forms.philsite.net/deed-of-sale.htm">Philippine Legal Forms</a>.<br /><br />As you will see, all you need to prepare in order to complete the form are as follows: the names, civil status and addresses of the buyer and seller; the original or transfer certificate of title (OCT or TCT) number, the address, land area in square meters, and technical description of the property; and the amount of consideration as well as community tax certificate (CTC) numbers of the buyer and seller.<br /><br />Of course, to know the technical description of the property, you will need a copy of the OCT or the TCT. In fact, it is a good practice for the buyer to ask the seller to show his or her owner's copy of the OCT or TCT in order to ensure the legitimacy of the sale.<br /><br />By the way, print the document on 8.5 by 13 inch paper in at least 5 copies. Sign all the copies and proceed to a notary public for the notarization. Chances are, you end up saving a few hundreds if not thousands of pesos.Gibohttp://www.blogger.com/profile/01612881111998926100noreply@blogger.com0tag:blogger.com,1999:blog-8262384959082600465.post-14614861606940076312008-09-11T11:43:00.000-07:002008-09-11T12:04:08.901-07:00Advertise for free<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLBgUbRT8ajo7Na4iXXoVzC77rvT4lGS3SPoto5yFmPddG__MIyjfdO_WxL6zNGPAqDWAykP876xOZl7ZYfkbCDg7FYDGFdp5fmkvFXe6R8iUqWFaoXNoXbRsEPJZbtwe8-ucdk02j8pDO/s1600-h/home.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLBgUbRT8ajo7Na4iXXoVzC77rvT4lGS3SPoto5yFmPddG__MIyjfdO_WxL6zNGPAqDWAykP876xOZl7ZYfkbCDg7FYDGFdp5fmkvFXe6R8iUqWFaoXNoXbRsEPJZbtwe8-ucdk02j8pDO/s200/home.jpg" alt="" id="BLOGGER_PHOTO_ID_5244840283451454850" border="0" /></a>I think it is now time to put this blog to good use. First, I intend to develop this as a true real estate blog where people interested in buying properties can get useful information.<br /><br />Second, I am opening this to everyone by allowing free property advertisements. Who knows. the 5 or so visitors of this site daily may just turn out to be your "lucky" buyer.<br /><br />Just send me your spiel on the property with one nice picture and I will gladly post them here. Make sure to indicate the lot and floor area, the location, the selling price and your contact information. Trust me, this site is going to be the next big thing in real estate marketing. :)Gibohttp://www.blogger.com/profile/01612881111998926100noreply@blogger.com0tag:blogger.com,1999:blog-8262384959082600465.post-14709070002416150122008-02-11T07:35:00.000-08:002008-02-11T07:50:10.494-08:00Model Tiffany at only P4,777.92 a month<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEid6kWxOayIjJ9YOh-rTMTA6yYI_NzMHBs1S_Kjhz4bvLeDfTrwK4yvv4ZiMVeR2OMpjRRj4tp1zmQQu23VDOtERqaoxw1ApF4doA62fRQq4I1OygZNcxBx_iN1LoXpZgukVoAvu0wRw0YT/s1600-h/tiffanny2.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEid6kWxOayIjJ9YOh-rTMTA6yYI_NzMHBs1S_Kjhz4bvLeDfTrwK4yvv4ZiMVeR2OMpjRRj4tp1zmQQu23VDOtERqaoxw1ApF4doA62fRQq4I1OygZNcxBx_iN1LoXpZgukVoAvu0wRw0YT/s200/tiffanny2.jpg" alt="" id="BLOGGER_PHOTO_ID_5165749211220928082" border="0" /></a>Model Tiffany, 44 sq. m. lot area, 36 sq. m. floor area, two-storey with provision for 3 bedrooms, 1 toilet and bath, living and dining rooms. With complete amenities. Located at Rodriguez, Rizal, a mere 40 minute travel from Quezon Memorial Circle, with public transportation direct to Cubao, Philcoa, Fairview Market, and others. Available for as low as P4,777.92 monthly (PAG-IBIG). Call or text Gilbert at 09189387793 for more details. Free tripping on Saturdays and Sundays.Gibohttp://www.blogger.com/profile/01612881111998926100noreply@blogger.com0tag:blogger.com,1999:blog-8262384959082600465.post-73128829355626134822008-02-01T21:53:00.000-08:002008-02-01T22:16:36.611-08:008-Door Apartment with Water Refilling Station<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnIxmU2G8Gjqp1HjFdHhPq7sT539nnbcDSb_mBv__IxqoSqanHRq9lW3Bti-cYvevUZBnNS0xjB-HE_w_Pc6e1_mXqM1837B9O9KyQW8sP2jpJ6jbX0qCQL174lmDxhhKXPYIvK2q6V5kh/s1600-h/apartment.jpg"><img id="BLOGGER_PHOTO_ID_5162262564931629970" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnIxmU2G8Gjqp1HjFdHhPq7sT539nnbcDSb_mBv__IxqoSqanHRq9lW3Bti-cYvevUZBnNS0xjB-HE_w_Pc6e1_mXqM1837B9O9KyQW8sP2jpJ6jbX0qCQL174lmDxhhKXPYIvK2q6V5kh/s200/apartment.jpg" border="0" /></a> <div><div>Got this from a feed from Trace Trajano, a real estate investor based in Cincinnati, Ohio, USA. An 8-door apartment in Las Piñas with a fully functional water refilling station easily worth P8M is available for sale in the amount of just P3.99M only until February 10.</div><div> </div><div>The property described to be 5 minute walk away from the Alabang-Zapote Road, 20 minute ride away from SM Southmall, 30 minute ride away from Alabang, and near a barangay hall, city hall and public market, stands to generate P56,000 monthly rental income for its new owners and a possible additional income of P15,000 to P40,000 rental or business income from the water refilling station.</div><div> </div><div>Quite a good deal for the one who can shell out or pool the money (P3.99M) before February 10. In case you are that lucky person, please email me at <a href="mailto:lumantao@gmail.com">lumantao@gmail.com</a> or text me at 09189387793 for additional information.</div></div>Gibohttp://www.blogger.com/profile/01612881111998926100noreply@blogger.com0tag:blogger.com,1999:blog-8262384959082600465.post-26041497242393976362008-02-01T00:12:00.001-08:002008-02-11T11:12:10.006-08:00Victoria at Eastwood Residences<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzgvsZn0oKwXIpgpxgDjTp2ALvrSd0c-zGJ98CGTyeVQ4EE_7Stfy1B5twknHleBIYbpzJlTdBJ3pNgf-11P2TPypZ9h3Uu3PYuxNVzkrC2er7SjOtS-qQYQ5Yhq1PujmYRiZPDg3ePSoU/s1600-h/eastwood2.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzgvsZn0oKwXIpgpxgDjTp2ALvrSd0c-zGJ98CGTyeVQ4EE_7Stfy1B5twknHleBIYbpzJlTdBJ3pNgf-11P2TPypZ9h3Uu3PYuxNVzkrC2er7SjOtS-qQYQ5Yhq1PujmYRiZPDg3ePSoU/s200/eastwood2.jpg" alt="" id="BLOGGER_PHOTO_ID_5165802473110365794" border="0" /></a>Model Victoria, 119 sq. m. lot area, 54 sq. m. floor area, two-storey completely finished unit with 3 bedrooms, 2 toilet and bath, living and dining area with provision for carport. Subdivision amenities include clubhouse, basketball court, adult and kiddie swimming pool, gazebos, meditation garden, resort-type parking and playground for kids. Located at Eastwood Residences, Rodriguez, Rizal, a mere 40 minute travel from Quezon Memorial Circle, public transportation direct to Cubao, Philcoa, Fairview Market, and others. For as low as P26,340.50 monthly (in-house financing). Call or text Gilbert at 09189387793 for more details. Free tripping on Saturdays and Sundays.Gibohttp://www.blogger.com/profile/01612881111998926100noreply@blogger.com0tag:blogger.com,1999:blog-8262384959082600465.post-89107343723131423572008-02-01T00:01:00.000-08:002008-02-11T11:13:48.215-08:00Charlene at Eastwood Residences<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3JHT4j2I2ch5YBHzIeE1-P8e2UHPpw3xOjRHmwWEdOr1BdjUR4smUBswSNoWOkrsRZW0rCA06DURuBjva_Ke381mvhHviD0TAseKKDnJGqYgTc2dmHxwlWrvKRfMq4rV2nqTXWC1a_cb-/s1600-h/eastwood3.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3JHT4j2I2ch5YBHzIeE1-P8e2UHPpw3xOjRHmwWEdOr1BdjUR4smUBswSNoWOkrsRZW0rCA06DURuBjva_Ke381mvhHviD0TAseKKDnJGqYgTc2dmHxwlWrvKRfMq4rV2nqTXWC1a_cb-/s200/eastwood3.jpg" alt="" id="BLOGGER_PHOTO_ID_5165802898312128114" border="0" /></a>Model Charlene, 90 sq. m. lot area, 30 sq. m. floor area plus 30 sq. m. usable roof deck area, single storey semi-furnished unit with 2 bedrooms, 1 toilet and bath, living and dining area, with provision for carport. Unit is structurally designe for second floor expansion. Subdivision amenities include clubhouse, basketball court, adult and kiddie swimming pool, gazebos, meditation garden, resort-type parking and playground for kids. Located at Eastwood Residences, Rodriguez, Rizal, a mere 40 minute travel from Quezon Memorial Circle, public transportation direct to Cubao, Philcoa, Fairview Market, and others. For as low as P7,469.37 monthly (in-house financing). Call or text Gilbert at 09189387793 for more details. Free tripping on Saturdays and Sundays.Gibohttp://www.blogger.com/profile/01612881111998926100noreply@blogger.com0tag:blogger.com,1999:blog-8262384959082600465.post-1099349748302368442008-01-31T18:31:00.000-08:002008-02-11T11:15:19.041-08:00Bianca at Eastwood Residences<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5vQS0r83LvK7ZfcapTP798eDBKRZzqAw0joV3B6GJiyWoENpAcypK4OhWJ-j9gQZajuu_amSXEcAKmSHbZVrevqXteXtLpST3RsB8CE0qlXvyhRET5bWSX9ilJxECbrz8ttC7x05Y05Cf/s1600-h/eastwood5.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5vQS0r83LvK7ZfcapTP798eDBKRZzqAw0joV3B6GJiyWoENpAcypK4OhWJ-j9gQZajuu_amSXEcAKmSHbZVrevqXteXtLpST3RsB8CE0qlXvyhRET5bWSX9ilJxECbrz8ttC7x05Y05Cf/s200/eastwood5.jpg" alt="" id="BLOGGER_PHOTO_ID_5165803302039053954" border="0" /></a>Model Bianca, 63 sq. m. lot area, 25 sq. m. floor area, single storey bare type unit with provision for two bedrooms, 1 toilet and bath, living and dining area and with provisions for carport. Subdivision amenities include clubhouse, basketball court, adult and kiddie swimming pool, gazebos, meditation garden, resort-type parking and playground for kids. Located at Eastwood Residences, Rodriguez, Rizal, a mere 40 minute travel from Quezon Memorial Circle, public transportation direct to Cubao, Philcoa, Fairview Market, and others. For as low as P3,666.20 monthly (PAG-IBIG). Call or text Gilbert at 09189387793 for more details. Free tripping on Saturdays and Sundays. Only P1,000 to make initial "reservation".Gibohttp://www.blogger.com/profile/01612881111998926100noreply@blogger.com0