Real Estate Property Validation Service

When purchasing real estate in Palawan, especially in high-demand areas like San Vicente’s Long Beach, ensuring the property’s legitimacy is crucial. Real estate property validation is a process that protects buyers from the potential pitfalls of purchasing properties with questionable ownership, legal complications, or undisclosed issues. Hiring a professional to conduct this validation not only safeguards your investment but also saves you valuable time and money.

Why Hire a Professional to Conduct Real Estate Property Validation?

1. Protect Your Investment
   Real estate transactions often involve a significant financial commitment. Without proper validation, buyers risk losing their investment due to fraud, ownership disputes, or incomplete documentation. A professional validation service ensures that the property is free from legal issues, giving you peace of mind before closing the deal.

2. Save Time and Effort
   Validating a property involves dealing with various government agencies, verifying legal documents, and investigating any discrepancies in the ownership trail. Licensed Real Estate Brokers are trained and experienced in handling these tasks efficiently. They have passed the PRC (Professional Regulation Commission) board exams and possess comprehensive knowledge in both the technical and legal aspects of real estate transactions. Attempting to do it on your own can lead to unnecessary delays, mistakes, and frustration.

3. Ensure Legal Compliance
   When conducting property validation on your own, it’s possible to overlook important legal and technical requirements. Licensed brokers know how to navigate the complex web of property laws, ensuring that every aspect of the property is legitimate and complies with current regulations. Working with professionals reduces the risk of future legal issues, such as claims from heirs, boundary disputes, or hidden liens on the property.

4. Avoid the Risks of Dealing with Unlicensed Brokers
   Dealing with fly-by-night agents or unlicensed brokers can lead to disastrous consequences. These individuals often lack the required knowledge of the law, and because they operate illegally, you have little recourse in case of a problematic transaction. Should you encounter a property issue, you cannot file damages against unlicensed agents since dealing with them is already a violation of Republic Act 9646 (RESA Law).

5. Prevent Potential Legal Pitfalls in Palawan
   In places like Palawan, where issues such as land grabbing and multiple sales of the same property are rampant, professional validation becomes even more critical. Without proper validation, buyers may unknowingly purchase properties that have been sold multiple times to different individuals or have unresolved claims by other heirs. These complex issues are not easily detectable without professional help.

Real Estate Property Validation vs. Doing It Yourself

Many buyers believe that they can validate property on their own. While it’s possible to conduct your own due diligence, the real question is: Are you doing it correctly?

Real estate transactions are not only about verifying ownership documents—they require a detailed analysis of legalities, ownership histories, and potential future complications. Here’s why professional validation is better:

• Thorough Documentation Analysis: Professionals don’t just check if the documents are present; they ensure that they are legally valid, properly transferred, and free from any red flags.
• Knowledge of Local Laws: Especially in Palawan, where land ownership issues are prevalent, local licensed brokers know the intricacies of property laws and common local disputes. Their insights can help you avoid costly mistakes.
• Efficiency: Professionals already know the process inside out, and they have established relationships with government agencies, speeding up the validation process significantly.

Cost of Conducting Property Validation Yourself

If you plan to conduct property validation by yourself, you’ll likely spend much more than you initially budgeted. If you are based in Manila and plan to check properties in Palawan, the approximate costs are as follows:

• Round-trip airfare: PHP 6,000
• Accommodation (5 nights @ PHP 2,000/night): PHP 10,000
• Meals (PHP 350 per meal for 5 days): PHP 5,250
• Transportation (Puerto Princesa to San Vicente): PHP 1,000
  Total: PHP 22,250 for ONE PERSON

If you bring a companion, your expenses will multiply. This estimate excludes fees for certifications, clearances, and travel to various government offices, which can further drive up costs. Moreover, if the due diligence process takes longer than expected, you may need to extend your stay, increasing your expenses further.

Real Estate Property Validation Service

Hiring a licensed Real Estate Broker to conduct property validation is a cost-effective solution that provides the security and peace of mind that your investment is safe. The validation service ensures that you avoid ownership disputes, legal liabilities, and other costly mistakes.

Service Fees:

• Original Certificate of Title (OCT): PHP 25,000
  (or PHP 30,000 if the owner has passed away)
• Transfer Certificate of Title (TCT): PHP 35,000
  (or PHP 40,000 if the owner has passed away)
• Tax Declaration Only: PHP 45,000
  (or PHP 50,000 if the owner has passed away)

These fees cover the entire validation process, from document verification to investigations, and include a final report detailing the property’s legitimacy.

Processing Time:
Typically, it takes 2 to 3 weeks to complete the validation, plus an additional week if the registered owner has passed away.

Payment:
Payment is required upon engagement of the service and can be deposited to the company’s account.

What You Get from a Real Estate Validation Service

Once the validation is complete, buyers will receive a comprehensive report that includes all verified documents, such as:

• Ownership documents (Title, Tax Declaration, etc.)
• Deed of Sale or other proof of ownership transfer
• Government certifications (e.g., from CENRO, Barangay offices)
• Supporting documentation from other relevant authorities

These documents, along with the validation report, provide buyers with the assurance that they are making a sound and secure investment.

Why Take the Risk?

Real estate property validation is a vital step in the buying process, especially in Palawan, where the demand for land is high and ownership issues can be complex. By hiring professionals to handle the validation, you not only save yourself time and money but also avoid the potential heartache of buying problematic land.

With a licensed Real Estate Broker, you can rest easy knowing that every aspect of the property has been thoroughly checked, and that your investment is legally sound and free from future complications. Don’t risk your hard-earned money—hire a professional to conduct real estate property validation and secure your piece of Palawan’s paradise.