Buying Property in Boracay with
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- Опубліковано 22 сер 2024
- Some challenges a buyer may face when buying a property in Boracay:
◉ CHALLENGE #1: NOT KNOWING HOW TO DO DUE DILIGENCE. If you’re not working in the real estate industry, you may not have any idea on how to examine a document that supports the seller’s acquisition of the property. This is important because there have been previous laws and executive orders that put Boracay Island under the management of the Department of Tourism (DOT). These include Presidential Proclamation 1801, signed by former President Ferdinand E. Marcos Sr. on November 10, 1978, and Executive Order 706, signed by former President Gloria Macapagal-Arroyo on January 18, 2008. Philippine Tourism Authority is the forerunner of the Tourism Infrastructure and Enterprise Zone Authority (Tieza), the infrastructure arm of the DOT, which helps develop tourism economic zones. Therefore, a lot of the landowners only hold a tax declaration but that is about to change which you’ll learn in this video as Ms. Brugger discusses it.
◉ CHALLENGE #2: FINALIZING LAND PURCHASE WITHOUT PROPER LEGAL LAND DUE DILIGENCE. Before signing any document or signing a Deed of Absolute Sale, proper legal land due diligence is a must. Without it, it can cost a potential buyer more expenses and losses. For example, there are pending disputes or cases with the land or if there is a title, there are existing encumbrances.
◉ CHALLENGE #3: PROFESSIONAL SCAMMERS. I always tell my subscribers to only transact with legal real estate service practitioners. There are actually bogus sales of land. Back in 2018, a group committed syndicated estafa by convincing a corporation to buy a 7,988-square meter property in Barangay Balabag, Boracay for P 40 million. The corporation found out too late that the property is covered by Proclamation No. 1065 which places it under government protection as inalienable forest land. Ms. Elena Brugger shared that SPR Boracay Real Estate offers due diligence starting at P 10,000 for buyers to avoid headaches. Those who did not do so got scammed with not just thousands but millions. And as much as SPR Boracay Real Estate would like to help, it’s too late for them to be a hero.
If you’re considering buying or owning a property in Boracay, please do reach out to SPR Boracay Real Estate since they’re a legal real estate firm with 25 years of experience and a physical office at Diniwid Beach.
Website: www.sprboracay...
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Namiss ko boracay thanks for the nice video and advice bago ako sa channel mo Godbless po😇
Thank you po for subbing 😊 God bless po 😁
Thank you for this I have been eying for a property on the island! You know Boracay is my home. I think you arrived at coast hotel the day I left saying di tayo nakapag collab
Mas madali po mgshoot dito sa Manila. I struggled sa Boracay kasi monopod lng dala ko and I have to look for something to help prop it up 😅 Also, I was just in Boracay talaga for mini-moon. Super biglaan lang itong SPR Boracay 😃
@@OwnPropertyPH Kaya need mo ng DJI osmo pocket for easier shoot yan gamit ko pag asa boracay but good job! collab soon
@@RichardCarvajal I was thinking of getting that too. Pero nakaka-frustrate po yung DJI na brand. Naka-ilang DJI na k, from Ronin-SC to drones 😅 Ang bilis nilang maglabas ng new products unlike Sony.
Yes, collab soon po. After natin siguro magtalk sa Money & Millennials virtual conference para maka-prepare tayo doon 😊
be careful. very very expensive and strict regulations. can't own or bring a vehicle to the island. they paint a pretty picture but dig deeper. as other owners.
As I’m based in Metro Manila, I’m not aware of that so thank you for sharing 😊
Around how much po Boracay condo like studio or 1 room unit pra may idea ako.. Thanks
Hello, it is best to contact SPR Boracay Real Estate so they can assist you with your inquiry po 🙂
Iba may pa boracay si mayora
teka kelan ako naging mayora? 😅 mahilig lang talaga akong gumala lol
What about houses or land not near the beach, inland?
Hi, they also sell houses or land not near the beach so long as it is in Boracay or in Aklan 😊
We have prime lots overlooking Jawili beach in tangalan Aklan. Send me a pm. For pic and info. Very affordable with awesome views. Full access to our blue starfish resort
@@OwnPropertyPHheloo pooo pwdie po mag ask ,na pwdie bumili din po yung foreign ng land Jan po sa Boracay,pwdie po mag tanung ,how much 300 sa meter
most affordable beachfront house / condo. send pricelist.
Hi, you may reach out to SPR Boracay Real Estate for Boracay properties 😊
Do you have any idea if they have a team or comp. working in bohol also? Thank you.
Hi, from what I know, they only work in Boracay and Iloilo 😊 They also have ventured in Palawan before but not bohol.
Saan ba pwedi makabili Ng Bahay dito
You may contact SPR Boracay Real Estate po if you plan to buy a house in Boracay 😊