Home Buying Guide
Your complete guide to buying property in the Philippines
Your Journey to Homeownership
Buying a property is one of the most significant investments you'll ever make. This comprehensive guide will walk you through each step of the home buying process in the Philippines, from determining your budget to closing the deal.
Determine Your Budget
Assess your financial situation, including income, savings, and credit score. Use our mortgage calculator to estimate what you can afford.
Key Tips:
- Calculate 20-30% of monthly income for housing
- Consider additional costs like maintenance and taxes
- Get pre-approved for a loan to know your budget
Find Your Property
Search for properties that match your criteria. Consider location, size, amenities, and future development plans in the area.
Key Tips:
- Visit properties multiple times at different hours
- Check proximity to work, schools, and amenities
- Research the neighborhood and future developments
Make an Offer
Once you find the right property, work with your broker to make a competitive offer based on market value and property condition.
Key Tips:
- Research comparable properties in the area
- Consider including contingencies in your offer
- Be prepared to negotiate with the seller
Due Diligence & Inspection
Conduct thorough property inspection and document verification to ensure there are no hidden issues or legal problems.
Key Tips:
- Hire a professional property inspector
- Verify land titles and property documents
- Check for any liens or encumbrances
Secure Financing
Finalize your loan application with your chosen bank or financial institution. Submit all required documents promptly.
Key Tips:
- Compare rates from multiple lenders
- Prepare all required financial documents
- Understand loan terms and conditions fully
Close the Deal
Sign the final documents, pay the remaining balance, and receive the keys to your new property!
Key Tips:
- Review all closing documents carefully
- Ensure all agreed repairs are completed
- Keep copies of all transaction documents
Required Documents
Prepare these documents to streamline your home buying process
Common Mistakes to Avoid
⚠️ Not Getting Pre-Approved
Get loan pre-approval before house hunting to know your realistic budget
⚠️ Skipping Property Inspection
Always conduct professional inspection to avoid costly surprises
⚠️ Buying Based on Emotion
Make logical decisions based on your needs and financial capacity
⚠️ Ignoring Hidden Costs
Factor in taxes, fees, maintenance, and unexpected expenses
⚠️ Not Researching the Location
Investigate neighborhood, future developments, and resale value
⚠️ Rushing the Process
Take time to compare properties and negotiate the best deal
Ready to Start Your Search?
Browse thousands of verified properties or talk to our expert brokers