Real Estate Bc

  There are times when you think you are incompetent when you do things that are not your field or expertise. In this business you come to prove something to yourself. Selling a property is crucial, but if it is done with proper documentation, legitimacy, good faith and consent from both the buyer and the seller, the transaction will be completed in a timely manner.

In my own business, it took about ten months more or less to sell a house and a lot of transferring property from parents to heirs with clean title. You can ask a broker, lawyer or real estate agency for help with the paperwork. Each office takes two, three or a month to approve or issue.

In the documentation process, you need a set of photocopies of applications, receipts, affidavits, claims slips and other certificates. Label them in secure folders and keep them in your bag so whenever the office needs a copy, you'll have a copy. If a file is lost, certified copies can be requested from the relevant government authorities.

Here are three steps from attorney Glycerin Alarcon Jr. (San Beda College of Law) from whom I sought help with my documents.

"1 Settle the property tax where the decedent's property is located with the Internal Revenue Service.

2 Secure the new ownership right with the heirs at the Land Registry Office or the Land Registry Office.

Before securing a new title of heirs in the real estate cadaster
, you must pay the transfer tax to the City Hall.

3 After all these steps, the property is now ready for sale!"

So after a lawyer's advice, here is how the documents were processed when selling the property. To save on broker fees, I worked on selling the house and lot myself.

Initially, before the first step, property taxes must be paid each year, but if taxes have accrued and interest charges are prohibitive, owners can apply for tax amnesty and wait for it or pay in instalments. Keep your property tax documents.

In the first step, once the property tax is paid, the Internal Revenue Service will issue a certificate of registration. From there you can proceed to the second step.

Other documents you may need are the issuer's affidavit, out-of-court estate settlement, tax account numbers, government identification cards, valid identification cards, and a special power of attorney from the consulate general of the country where the other heirs reside, if the heirs are living. abroad. For example, our extrajudicial is from the Consulate General of the Philippines in San Francisco, California, USA. In addition, the death certificates of the parents and sometimes the birth certificates of the heirs from the National Statistical Office must be prepared. Save some money on notary fees and shipping, among other things.

The last step is the purchase contract. With this, the seller should pay capital gains tax. Payment for the property can be made by cash or check. However, bank verification is required if the payment is by check. You will need a lawyer to help you with this transaction. You will also need the bank's assistance for security. If it is a material amount, seek the help of the police.

For further details please visit:

http://www.rescommarketing.com/