Buying property in the Philippines involves more steps than many buyers expect — but once you understand the sequence, it is entirely manageable. Here is the process we walk every Planetario client through, step by step.
Step one is due diligence. Before any offer, verify the title at the Registry of Deeds, confirm real property tax is current at the LGU, and check for encumbrances or annotations. Your broker should do this with you, not for you — understanding what you are signing matters.
Step two is the Reservation Agreement and down payment. Once you are satisfied with due diligence, a signed reservation secures the property and locks the price. The down payment schedule follows, usually 20–30% spread over 6–12 months for developer units or paid lump-sum for secondary market lots.
Step three is the Deed of Absolute Sale, notarized by both parties. From here, the buyer pays the Capital Gains Tax (6% of selling price or zonal value, whichever is higher), Documentary Stamp Tax (1.5%), and Transfer Tax at the LGU. The seller pays broker’s commission and real estate agent fees unless otherwise agreed.
Step four is the CAR (Certificate Authorizing Registration) from the BIR, followed by title transfer at the Registry of Deeds. Total timeline from signed deed to new title in hand: 30–60 days if paperwork is clean. Our documentation team handles every filing — you attend only the signings.
