There are various options where you can find a list of places where you can find cheap houses for sale. Here are some options that can help in making your search:

Government Agencies

• Pag-Ibig Home Development Fund

If you’re looking for affordable and cheap properties, you can turn to government agencies such as PAG-IBIG Home Development Fund. This agency has a list of properties that are scheduled for public auction posted in their website. You can join in the bidding of the properties at a discounted price. However, you should check first the properties before bidding to ensure that it is worth to invest.

Read also: Tips before Buying Real Estate Properties in the Philippines

• SSS Acquired Assets

The Social Security System is also selling acquired assets. You can visit the official website of the agency and check the list posted on it.

Local Banks in the Philippines

Most of the banks in the Philippines are posting list of acquired and foreclosed properties for sale. Some of the banks where you can find list include the following:

• BDO
• BPI
• PNB
• Security Bank
• RCBC
• Metrobank
• PSBank
• Unionbank
• ChinaBank
• Maybank Philippines
• Bank of Commerce
• Veterans Bank
• Eastwest Bank
• DBP
• Bangko Sentral ng Pilipinas

Real Estate Websites

Searching for affordable properties online is the easiest and most convenient way to own a house. Some real estate websites offer pre-owned properties. You can also find foreclosed properties, house and lots, and condominiums that suit to your budget.

Property/Real Estate Developers

Making inquiries from property developers enables you to find real time information about the properties that you want to obtain. You can either visit their offices, their website or talk personally to their sales agents. Some of the property developers to consider include Ayala Land, Federal Land, Megaworld Corporation, Vista Land, Filinvest Land, SMDC, Century Properties, and Robinsons Land.

Social media

Many sales agents and real estate brokers post their list of properties for sale in their Facebook Pages and Groups. This option allows you to obtain faster response from the sales agents.

Referrals

You can ask referrals from your relatives and friends who have bought properties before.

Read also: Things to Consider to Become a Licensed Real Estate Broker

Whatever option you may choose in looking for affordable properties for sale, you should keep in mind that conducting an independent evaluation of the property is a must.

The post Where to Find Affordable Properties in the Philippines appeared first on Pinoy Business Ideas.

This is the reason why it is important that you ponder upon this decision and make sure you are making the right one by observing the following tips when buying real estates properties.

1. Verify the authenticity of the “Transfer Certificate of Title”. This is something that you can do by getting a Certified True Copy from the  Register of Deeds in the place where the property is currently located. You can go to the municipality or city hall and request for the photocopy of the property title from the person who is selling the property. You will need important information such as the name of the property owner and the title number.

2. The title should be clean. When you say that the title is clean, it means that the property is not mortgaged, and it does not have any obstructions and no liens.

3. Verify the land description on the title. You need to make sure that the description of the property on the title is exactly the same as the property you are purchasing. You can ask for the services of a land surveyor to verify this.

Read also: How to Start a Buy and Sell Business in the Philippines

4. Confirm that the sellers are the real owners. It won’t hurt to make sure that the sellers are the true owners of the property. Check for their identification by asking for their valid IDs like passport and other government issued identification.

5. Take time to survey in the area. Talk to the neighbors around the property so as to get as much information you need to make sure you are not being fooled into buying the property.

Read also: Where to Find Affordable Properties in the Philippines

6. Check the vacancy. If it is a lot or land that you are purchasing, you also have to check if there is anyone living in it or that is going to be another problem. If there are other people using the land, the seller should make it a point to get it vacated until the deal is closed.

The post Important Tips before Buying Real Estate Properties in the Philippines appeared first on Pinoy Business Ideas.