Guide To Buying a Philippine Real Estate Property For Filipinos Abroad

Guide in Buying Philippine Real Estate Tags: , , ,



A lot of Filipinos abroad have no idea on how to buy a house and lot or a condominium here in the Philippines, so we decided to make this how-to-guide.

Buying a real estate property here in the Philippines when you’re abroad does require additional steps and will incur more costs so it is essential to know the right thing to do before deciding to purchase one.

The first thing you need to do is to find a trusted property specialist here in the Philippines that can assist you all throughout the process.

Finding the right property specialist for you is another topic all by itself but here are some quick guidelines:

a) Find someone that you feel you will be comfortable to talk and deal with.

b) Find an agent or a specialist that will help you out without paying a certain fee (service fee, assistance fee, etc…). If you like to give your agent or specialist a “tip” for a job well done, then by all means do so.

The next thing to do is to appoint someone as your attorney-in-fact that will do and sign all the contracts on your behalf. This should be a trusted family member.

After choosing the right persons and assuming that you already have chosen your preferred unit, below are the steps to follow. The steps illustrated varies depending on the developer and bank.

Step-By-Step Guide on Buying a Philippine Real Estate Property For Filipinos Abroad

1) Your attorney-in-fact will reserve the unit for you. He/ She will sign the forms (reservation form, special power of attorney and authorized representative form) as well as pay the reservation fee.

The property specialist or agent will then send you the SPA for you to sign and consularize.

2) Once reserved, here are the requirements that you need to submit within 30 days:

a) Special Power Of Attorney (Consularized) – this must be authenticated by the Philippine consulate

b) Income Proof (3 months)

c) Proof of Billing (here in the Philippines)

d) TIN (for verification. If you don’t have a TIN # in the Philippines, the property specialist may do this for you)

e) CEC (Certificate of Employment and Compensation) – needs to be consularized as well

d) Employment Contract (should be in English) – must be with the seal of the employer as well as a signature of the authorized personnel (HR manager, etc…). Can be photocopied as long as it is certified as true and correct

e) Post dated checks (PDCs) for the down payment. Requirement may change to some developers. If you don’t have a checking account yet, your attorney-in-fact may open one in his name. You just need to fund it afterwards

f) Photocopy or scanned copy of your passport and IDs

3) Your attorney-in-fact will apply for a housing loan with the bank (if bank financing), developer (if in-house financing), or Pag-Ibig (if Pag-Ibig financing).

4) Send back all the requirements on #2 via courier to your agent/ property specialist.

5) The property specialist will then submit all the documents together with the PDC’s to the developer and that is all there is to it. All you need to do is fund the checking account and continue to pay the monthly amortization.

The steps above will vary depending on the terms of the developer and the bank.


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  • George DeCarlo says:

    Buying a condominium in the Philippines is quite complex with many details never explained. On the backend of the purchase you will find getting a Title is quite a ceremony. Unlike nations such as the US, getting the title is very important due to use of it for loans by others without your knowledge. This is against the law in the US but legal in the Philippines. At the time of turnover you may also find that what was promised and advertised is not delivered but the pressure to sign is there.

    Place “soho central decarlo” in google for a link to the website for a forum which has many links to other resources. Please read the many pages and ask questions. There are links to other forums to give you an idea on the serious situations that may develop.

    Please seriously consider a book I should have gotten long ago. The Guide to Homeownership by Armando Ang is a blunt writing into the truth of the real estate market in the Philippines with a wonderful chapter on condos. Remember to demand copies of the Master Deed, Bylaws and Rules & Regulations before signing. These docs are kept hidden by most developers.

    An important question for existing condominiums is whether or not the Board of the building is developer or Unit Owner controlled. Boards are developer controlled in the beginning seated in the capacity under the corporation that all condominiums must be formed. Unit Owner boards increase value as opposed to developer control.

    Some quick hints: examine 5-9 units before making purchase; if there is any flooding around the building no matter how wonderful, say nice but no thanks; and since there is a glut from what we see, do not buy prebuilt at this time only existing units.

  • chezka de jesus says:

    5th Ave cor Rizal Drive Fort Bonifacio Global City Taguig. (also known as the Millionaires row)

    -The most affordable condominium and the hottest address in town
    -Luxurious city living within your reach with spectacular views of Manila Golf Course, mt. Makiling and Ortigas Skyline
    -Loft Type, Bi-Level or Combination
    -As low as 12k monthly with down payment or 18k monthly no down payment

    -Typical unit
    1br- 40sqm- 4.3 million php
    Upsized unit- 2br-45.57sqm -5.1 million php
    Combined unit- 3br -90.36sqm -9.1 million php

    Reservation Fee: 35,000 PHP only!!!

    this is a very good choice of investment opportunity and gives value for your money.

    For details and inquiry:
    -Chezka De Jesus
    Senior Property specialist of Fort Victoria

  • Irene says:

    My husband is an OFW, he work in UAE.. We are planning to buy a property, I will sign as the buyer and he will sign the “marital consent”. Do he need to issue an SPA authorizing me to transact in buying the property? THANK YOU so much.. hoping someone could help me with this matter.

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