Requirements

REQUIREMENTS IN BUYING A REAL ESTATE PROPERTY IN THE PHILIPPINES

An info of required documents needed for a foreigner or any buyer who wanted to buy a house and lot, townhouse, condominium and any real estate property in Cebu.

1Requirements for Spot Cash:
  • Birth Certificate or Marriage Contract
  • 2 Valid IDs
  • Community Tax Certificate (Cedula) / Photocopy of Passport (all pages w/ entries)
  • 4 pcs. 1 x 1 id pictures (husband and wife)
2Requirements for Deferred Cash (2 years to pay):
  • Birth Certificate or Marriage Contract
  • 2 Valid IDs
  • Community Tax Certificate (Cedula) / Photocopy of Passport (all pages w/ entries)
  • 4 pcs. 1 x 1 id pictures (husband and wife)
  • Proof of Billing Address (Utility bills)
  • Post dated checks
3Requirements for Bank Financing:
  • Original Certificate of Employment and Compensation w/ Consular Seal
  • Photocopy of Contract of Employment
  • Photocopy of Passport (all pages with entries)
  • Proof of Remittances (latest 6 months)
  • Pay Slips (latest 3 months)
  • 2 Valid IDs
  • Bank Statements (latest 6 months)
  • Birth Certificate or Marriage Contract
  • Community Tax Certificate (Cedula)
  • 4 pcs. 1 x 1 id pictures (husband and wife)
  • Proof of Billing Address (Utility bills)
  • Post dated checks
4Locally Employed:
  • Photocopy of Income Tax Return (ITR)
  • Original and Notarized Certificate of Employment and Compensation (COEC)
  • Pay Slips (latest 3 months)
  • 2 Valid IDs
  • Bank Statements (latest 6 months)
  • Birth Certificate or Marriage Contract
  • Community Tax Certificate (Cedula)
  • 2 pcs. 1 x 1 id pictures (husband and wife)
  • Proof of Billing Address (Utility bills)
  • Post dated checks
5Self-Employed (Business):
  • Photocopy of Business Registration (DTI/SEC)
  • Mayor’s Permit
  • ITR for the last 2 years
  • Original Audited Financial Statements for the last 2 years
  • Franchise/OR/CR (for taxi, jeepney, bus operators)
  • PTR (For practicing professionals)
  • Company Profile (if applicable)
  • Picture of Business Establishment
  • Bank Statements (latest 6 months)
  • Birth Certificate or Marriage Contract
  • 2 Valid IDs
  • Community Tax Certificate (Cedula)
  • 2 pcs. 1 x 1 id pictures (husband and wife)
  • Proof of Billing Address (Utility bills)
  • Post dated checks
6For PAG-IBIG Financing:

Plus 2 years membership or One time lump sum payment to avail financing loan but without having default Pag-big loan or became a loan guarantor/co-maker.

7Important Reminders:

If you are separated be sure to produce the spouse waiver of rights, otherwise you will be disapproved. However if you can’t produce the waiver from your spouse simply call me, maybe I can help you!

8During Reservation Fee payment simply bring the initial requirements:
  • Reservation Fee
  • 2 pcs. 1×1 Colored ID picture
  • Company ID / Government ID / Passport
9How to qualify and avail a loan financing in terms of financial capacity to pay:
  • Your monthly ammortization will be multiplied by 3 in order to get the Bank/Pag-ibig required family
    monthly income.
  • If in some cases that you can’t met the income requirements with your payslip alone. You can use your bank statement of account.