Due Diligence Checklist 2021 | Basic guide in buying philippine houses

Owning a house has always been one of the greatest achievements in life or a dream to many and JJS Realty and Development Inc. is more than willing to help you make that 𝐃𝐑𝐄𝐀𝐌 to 𝐎𝐖𝐍 a 𝐇𝐎𝐌𝐄 𝐏𝐎𝐒𝐒𝐈𝐁𝐋𝐄! In helping you get that dream home, you must have a guide in making that decision. A handy checklist on what to consider in buying a home can be a great help. This is called a Due Diligence Checklist.

Due Diligence allows the buyer to fully understand what they are buying. This can be a time frame provided to a buyer to fully examine the property, often by hiring experts to examine the property so the buyer can decide on how to proceed.

A buyer might also have the opportunity to renegotiate the contract based on their findings.

The buyer has the opportunity on inspecting the property in the tripping process where the seller or the real estate agent gives a tour inside the property. It can be a big advantage if the buyer will bring a Due Diligence Checklist.

Parts of the checklist must include:

  • Financing
    • Minimum DownPayment to take Possession/control
  •  Possible other expenses
    • Real property tax
    • Electricity installation
    • Home Owner’s Association
  •  Physical Aspect
    • Flood Prone?
    • Regular garbage collection
  • Neighborhood (what to look for and avoid)
    • Quality of nearby houses
    • Public transportation
    • Slaughterhouse/piggery/poultry nearby
    • Cemetery
    • Garbage Dump
    • Funeral parlor 
    • Inspected at Nightime
    • Inspected at Daytime

Whether the buyer is a first-time home buyer or an experienced home buyer, the guide will help the buyer not miss out on anything important to consider when making a decision.