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Thread: Help, advice on the process of selling land

  1. #1
    gmay is offline Junior Member
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    Default Help, advice on the process of selling land

    Hi,

    We own a block of land near Dumaguete and we are interested in selling. As we no longer live in Dumaguete, just want to ask for advice on the process of how to go about selling the property. Taxes, agents involved, any recommendation on real estate agent to use etc. At the moment it's a vacant land, over 5000sqm. Thanks

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    shadow is offline Administrator
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    Default As posted on the other thread;

    Has the land been surveyed? Has an extrajudicial settlement been awarded? How many heirs? Was there a will?

    Larry




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    gmay is offline Junior Member
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    We're not sure. We're overseas so makes it a bit difficult. There's a will, we had thought that the name was already transferred, but now not sure & don't know how to check online. We were also told that if name wasn't transferred then we'd have to pay yrly tax from when g'parents passed??? Also can council take land without consulting owner to make a road? Thanks

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    Rhoody is offline DI Member
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    Default

    posts in other thread removed

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    Bebasguy is offline DI Member
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    Default

    I sent you a private message. Check it out.

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    shadow is offline Administrator
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    Default

    Quote Originally Posted by gmay View Post
    We're not sure. We're overseas so makes it a bit difficult. There's a will, we had thought that the name was already transferred, but now not sure & don't know how to check online. We were also told that if name wasn't transferred then we'd have to pay yrly tax from when g'parents passed??? Also can council take land without consulting owner to make a road? Thanks

    Chances are there will be inheritance tax, as well as penalties and interest accrued. You will not find what you are looking for online, the Philippines is about 50 years behind the times in some respects. No, they cannot generally take property to make a road without at least "consulting" the owners, but if the owners whereabouts becomes unknown and taxes are owed, well, yes it may likely be possible.

    Larry

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    jackpeterson is offline DI Member
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    Arrow L.R.A website.

    Hi gmay, have a look at the LRA website, it has a FAQ and Contact section, you may be able to obtain the information you require there. Good Luck


    http://www.en.wikipedia.org/...Land_...y_(Philippines)

    (It played up a little so please persevere. Then go to Home page.)

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