When Buying Property on Bantayan Island

When Buying Property on Bantayan Island

Having just completed the purchase of a beach front lot on Bantayan Island, I have learned many things concerning the purchase of land and some of the correct procedures for doing so.

First of all, it is quite normal for a piece of land to have no title when you make an inquiry to purchase a lot or parcel of land. It may even be possible that the land has already been subdivided among family members who never formally had the land surveyed or acquired a title for each parcel.

The prospective sellers will assure you that they will give you a “Tax Declaration” and assure you that this document is enough to show ownership of the land. This is not true and should you pay the full cash price for the land and accept a tax declaration for the property, you do not own the land and may never be able to get a title for the property that you have just paid for.