How to sell property philippines
BUYING OR SELLING REAL PROPERTY IN THE PHILIPPINES | PHILIPPINE REAL ESTATE SERIES EP#2
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thank you
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my baby
or an among real properties of Pilipinas
or maybe
seller or vendor known property the
problem is you are outside the
Philippines transactions
yes you are correct you need to execute
a special power of attorney or SBA
whether you are the seller or the buyer
in a real estate transaction
SP or special power of attorney
available to personally do the
transaction especially
civil code of the Philippines
of absolute sale deed of conditional
sale or contract to sell depends
but because your spa is coming from
abroad indeed
requirements let me show you an example
of an Spa
basically it contains the personal
information of the parties the principal
and the agent or representative
attorney in fact don't get confused in
the Pokemon lawyer an attorney in fact
then the scope of the authority that is
given or granted to the representative
it may be about the selling of a
property in the Philippines or in the
representative is authorized to
negotiate on the terms and conditions
kashbaito or installment the price or
amount of the consideration the
authority to execute and assign the deed
of sale on behalf of the seller who is
the principal and the authority to
receive the payment with specific
instruction on how to proceed with a set
payment
principal or should it be deposited
directly in the account of the principal
your payment
well you always have the option to fly
back to the Philippines so that you can
personally receive the payment and
therefore there's no need for an SBA if
it is about buying a property in the
Philippines then the scope of authority
of the representative would normally
include the power to sign the deal of a
sale on behalf of the buyer
to make sure that the taxes and fees are
adequately covered and if the property
is titled to make sure that the title of
the property is transferred in the name
of the buyer then of course you need to
sign the SBA as the principal what
follows is the space for the
notarization
but then again since nangaling and Spain
I am referring to the country where you
are right now
authenticate
for it to be honored in the Philippines
authentication
Spa that is where the inconvenience
arise for some of our kababayans abroad
there is the usual problem
consolados Lugar or area constances
so this time I would like to give you an
idea about the options that you have to
make your spa acceptable in the
Philippines
una as of now
apostille convention and Filipinas we
now use apple steel as a way to
authenticate a document whether I'm
documento NATO igalings
so what do I mean to say
of New York
spa and have it notarized by a lawyer in
New York at ipapo still Mito
Filipinas
Pilipinas for example
Department of Foreign Affairs
United States
usually under the office of the
secretary of state so Japan and Ministry
of Foreign Affairs and my authority
documents Australia it is the the fat or
the department of Foreign Affairs and
trade of the Commonwealth of Australia
it's a United kingdomenpo the foreign
and Commonwealth office
Canada
in that case their government do not
provide apostille services what they do
is that they continue to authenticate
the documents through their designated
offices
so what you need to do is first to have
your spa notarized by an attorney in
Canada second habit authenticated by a
Canadian authentication office such as
the official documents services and
third you submit it for a
consularization or legalizations of
Philippine consulate once it is
legalized or consularized you can send
your spa to the Philippines
fortunately Philippine Consular offices
offer notarial services even in
countries that are members of the
apostille convention
so in that case you shorthand the
process
article 17 of the civil code of the
Philippines it states that the forms and
solemnities of contracts wills and other
public instruments shall be governed by
the loss of the country in which they
are executed when the acts referred to
are executed before the Diplomatic or
Consular officials of the Republic of
the Philippines in a foreign country
these solemnity is established by
Philippine laws shall be observed in
their execution
don't worry Paul I already checked the
official websites of the Philippine
consulate general in Toronto Canada Los
Angeles California New York Sydney
Australia and the Philippine embassies
in London United Kingdom and Tokyo Japan
yes they do offer notarial services for
special power of attorney
and they also provide a template for a
special power of attorney in their
websites which you can download and edit
at your own convenience all you need to
do is to complete the information there
print it in multiple or required copies
and submit them along with the other
requirements
for documents that pertain to
transactions involving real property in
the Philippines they require you to
present your passport for identification
I don't have to detail each step here as
the requirements and procedure are in
their respective websites there you go I
hope that you have learned something
from this video please don't forget to
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ignorance of the law excuses no one from
compliance they're with I will see you
in my next video
foreign
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