Q and A BLOG
How Do I Know if the Seller is the Real Owner?
One of the biggest mistakes buyers make is assuming that the person selling the property is automatically the legal owner.
Always verify before you buy.
Here are some practical steps:
1. Ask for a copy of the Transfer Certificate of Title (TCT) or Original Certificate of Title (OCT).
Check if the seller's name matches the registered owner on the title.
2. Request a valid government-issued ID.
Ensure the name and signature match the title and other documents.
3. Secure a Certified True Copy of the Title from the Registry of Deeds.
This confirms that the title is genuine and shows whether there are mortgages, liens, adverse claims, or other encumbrances.
4. Verify the Tax Declaration and Tax Clearance.
These should be consistent with the title and indicate that real property taxes are up to date.
5. If someone is selling on behalf of the owner, ask for proof of authority.
Examples include a Special Power of Attorney (SPA), Board Resolution (for corporations), or other legal authorization.
6. Conduct proper due diligence.
Check the property's legal status, boundaries, access, existing occupants, and other documents before paying any reservation fee or down payment.
Broker's Tip
Never rely on verbal assurances alone.
Always verify the documents with the proper government agencies before making any payment. A few days of due diligence can save you from years of legal problems.
Follow this Q&A series for more practical real estate tips to help you buy and sell property safely.
Like, Follow, and Share this post so more people can avoid costly real estate mistakes.
If you have questions about buying, selling, due diligence, estate settlement, or property documentation, we're here to help.
Samuel O. Lao & Associates
Licensed Real Estate Broker (PRC REBL No. 1368)
0917-323-6123
(Mobile • Viber • WhatsApp)
"Enhancing People's Lives Through Professional Real Estate Guidance."
---
Disclaimer: This post is for general educational and informational purposes only and does not constitute legal, tax, or investment advice. Every property transaction is unique. Buyers and sellers are encouraged to conduct proper due diligence and consult qualified legal, tax, and real estate professionals before making any decision.
