Advise Needed!!! Selling Property

[xninjax]

If you sell a property (multiple ownership) Would you agree for the cheque to be written to one person lang? I told my Tita kasi (co owner) that I want separate cheques but she said that might turn off the buyer so under her name na lang. I think it's BS. As a buyer, I'd prefer separate cheques so I am sure all owners will not contest the sale, or walang forged signature there.

Less hassle sa buyer if isa lang na cheque pero madali naman pag-usapan din yang kanya-kanyang cheque kung maayos kausap buyer.

[shadow]

Less hassle sa buyer if isa lang na cheque pero madali naman pag-usapan din yang kanya-kanyang cheque kung maayos kausap buyer.

Magulo yan. Just pay one cheque to one representative and bahala na sila maghati-hati. Huwag na nila idamay buyer sa usapan nila.


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[Psylocke]

Magkano pala ang rent dyan sa apartment mo?

[CLAVEL3699]

rent nya is 9k wala sya garahe

[CLAVEL3699]

kunting repair lang sya.

But its minimal.

[xwangbu]

isang dosena ba owner? [emoji846]
lahat sila nakapangalan sa title?

pag manager's check bank naman gagawa nyan.
me bayad mga lang - 100 pesos per check yata.

[dr. d]

isang dosena ba owner? [emoji846]
lahat sila nakapangalan sa title?

pag manager's check bank naman gagawa nyan.
me bayad mga lang - 100 pesos per check yata.

ok lang yan.
what's a few hundring bucks, when the sale price is in the millions of pesos?

in a company meeting some years back, they were discussing small-change payables,
"anubanaman 'yan ! mas mahal pa ang cheque kaysa halagang naka-imprenta doon!"

heh heh.

[papi smith]

Nabenta na ba ung property? I mean lahat ba kayo kausap ng buyer when he was buying the property? Pag ganun pwede naman kasi nagtyaga nga siya makipag usap sa marami, issue pa ng multiple checks. But let me guess, may potential buyer pa lang at pinapapirma na ang owners ng SPA when this issue came up, hula hoops lang hehe

[12vdc]

Gawa ng SPA for Tita to do the transaction of sale, so si tita din ang mag collect/demand ng payment sa buyer. At sya narin asikaso ng clearances, DOS, taxes o kung sino shoulder ng capital gains(pwde ibawas ito internal arrangement)

May extrajudicial partition naman yan, nakasulat ang percentage/ amnt. to each heirs at syempre may ack receipt or kung sino man mag waive ng share ppirma din ang heirs.. Ipa transfer nyo kaagad once nabili dahil nagmumulta yan for a certain period of time na hndi nbayaran ang transfer tax.

[_Cathy_]

Nabenta na ba ung property? I mean lahat ba kayo kausap ng buyer when he was buying the property? Pag ganun pwede naman kasi nagtyaga nga siya makipag usap sa marami, issue pa ng multiple checks. But let me guess, may potential buyer pa lang at pinapapirma na ang owners ng SPA when this issue came up, hula hoops lang hehe

No SPA. All heirs will sign.

Not yet sold. Ang problema yung Tita ko lang ang kausap and she controls and decides everything and expects all of us to say Amen to her. Honestly, we are selling the property at a give away price ONE THIRD OF MARKET VALUE kasi she desperately needs cash, Nakikisama na lang kami para walang away but my lawyer friend is NOT HAPPY about it. She refuses to involve my lawyer pa. Nababasa namin isip niya, she doesn't want my lawyer kasi wala siya control sa lawyer ko. Yung lawyer naman niya Atty no case, mine is UP law

Gawa ng SPA for Tita to do the transaction of sale, so si tita din ang mag collect/demand ng payment sa buyer. At sya narin asikaso ng clearances, DOS, taxes o kung sino shoulder ng capital gains(pwde ibawas ito internal arrangement)

May extrajudicial partition naman yan, nakasulat ang percentage/ amnt. to each heirs at syempre may ack receipt or kung sino man mag waive ng share ppirma din ang heirs.. Ipa transfer nyo kaagad once nabili dahil nagmumulta yan for a certain period of time na hndi nbayaran ang transfer tax.

If we sign an SPA e di lalong na control niya lahat kaming heirs.

Problema pa may mga properties pa na still under my paternal lolo's name lang or lola's name lang at siya lang may alam ng lahat kasi isa lang house nila ng Lola ko. Meron pa nga under my GREAT GRANDFATHER'S name Since we are in good terms she told me na yung sa great grandfather ko pag nabenta hindi na daw bibigyan yung iba, quiet na lang ako kasi I will just give my share sa Mommy ko.

But I am sure after this galit na naman sakin yun because I am demanding for a separate cheque.

[suv]

cathey,

ang hirap nyan dami maghahati.

pag sa ganyan ang natutunan ko from others eh magpadehado kung maliit ang difference para maenjoy na din.

and kung ok mga kahati mo eh pwede ang "handshake agreeement"

as much as possible ayaw ko involve mga "attorney agaton" Ayan ang mga salot kaya minamalas pilipinas puro batas.

[_Cathy_]

cathey,

ang hirap nyan dami maghahati.

pag sa ganyan ang natutunan ko from others eh magpadehado kung maliit ang difference para maenjoy na din.

and kung ok mga kahati mo eh pwede ang "handshake agreeement"

as much as possible ayaw ko involve mga "attorney agaton" Ayan ang mga salot kaya minamalas pilipinas puro batas.

Para sakin malaki ang difference (10 digits) but I agreed to that para wala na lang away. All I ask is for a separate cheque and for my lawyer to review the documents.

How can I agree to a handshake agreement e when I wasn't in good terms with my Tita, she keeps saying that apos (ME) and inlaws (my Mom) don't deserve inheritance. My other cousins don't fight back pero ang kapalit nyan baka wala na nga matira sa mana nila.

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[Walter]

Problema pa may mga properties pa na still under my paternal lolo's name lang or lola's name lang at siya lang may alam ng lahat kasi isa lang house nila ng Lola ko. Meron pa nga under my GREAT GRANDFATHER'S name Since we are in good terms she told me na yung sa great grandfather ko pag nabenta hindi na daw bibigyan yung iba, quiet na lang ako kasi I will just give my share sa Mommy ko.

She probably told the same thing to other relatives ... decent lawyers would not agree to sell properties without the heirs consent ...

[EQAddict]

Literal story of gold turning into dust in front of your very eyes Cathy.

Wish you well but stand your ground.

Your name is on the title. Therefore you have a say .

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[EQAddict]

Most families with assets go through this. Arm urself with a good lawyer.

Im expecting this as well as our family has significant land assets, company holdings, partnerships, on going businesses, etc.

Thats why i made it on my own. Gambled a lot during my early years on real estate. Everything else will be gravy. But even that will be a struggle.

Lesson for me is to liquidate most if not all before i go..and divide na while i am alive.

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[Akky M]

I rmember my lolo/lola transfer all their property belongings before they turn 80 to my erpat and titas and equally divided it, this make it easier eventually when they oassed away in their early 90’s.

my erpat is now late 70's and I started discussing with him to do the same before things become an issue later on.


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[dr. d]

when my parents died, they were literally dirt-poor.
all the assets had already been transferred to us.

[papi smith]

What I did naman is to sell our properties and transfer them to paper assets. I don't want to burden my family with the hassle of talking to buyers, agents, at baka mapagsamantalahan pa sa pricing or worse, maloko pa. Paper assets on the otherhand can be sold straightforwardly anytime at market price with the press of a button. Pag may swerte, bago matigok baka mailabas muna lahat, maiwan ang family home which is within the approved deductible amount.

[_Cathy_]

Even in families that get along well, sometimes nasisira din because of people who marry into the family, and lumalabas lang yung totoong ugali nung asawa later on. Sometimes, even the kids are used as “weapons”...

Isa pa yan! In laws na nilalayo or sinisira ang mga asawa nila from their family.

a family i know,
the matriarch dies.
"ninong, maganda naman ang tayo nyo diyan. wag na kayo sumama dito. kami na lang ang maki-mana dito."
"anukayo! para sa anak ko ang manang 'yan! can you guarantee he will be as successful in life as i am?"

In the case of my Tita Greedy (Dad's sister), I should waive my rights since apo lang ako at hindi anak

I have an Aunt naman (Mom's sister) voluntarily waived on PH properties (sa proceeds hindi na siya humahati). I wish to be on that level of financial success. hehehe.

Most families with assets go through this. Arm urself with a good lawyer.

Im expecting this as well as our family has significant land assets, company holdings, partnerships, on going businesses, etc.

Thats why i made it on my own. Gambled a lot during my early years on real estate. Everything else will be gravy. But even that will be a struggle.

Lesson for me is to liquidate most if not all before i go..and divide na while i am alive.

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Yes, that's why I think sulit na what I spent for my lawyer. He's UP law and used to hold a position in government so I trust him to protect my interest well.

Another issue is I don't have an heir and I want my assets to go to my direct bloodline naman or at least my spouse.

I rmember my lolo/lola transfer all their property belongings before they turn 80 to my erpat and titas and equally divided it, this make it easier eventually when they oassed away in their early 90’s.

my erpat is now late 70's and I started discussing with him to do the same before things become an issue later on.

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when my parents died, they were literally dirt-poor.
all the assets had already been transferred to us.

I want to clarify lang, may estate planning naman kami. lol. My grandparents already gave assets to their children/separate individual properties. These properties na may issue are properties that were transferred to ALL HEIRS (multiple names sa title)

These are properties that have been in our family for centuries and the surrounding properties are also owned by relatives. Dati kasi it was kept in the family kasi the siblings/relatives would just buy out each other. Unfortunately, sa line ng Lolo, sa generation namin, we don't have enough cash to buy each other out. Yung Tita Greedy ko, siya ang nagi insist to sell because she badly needs cash at lahat kami nakikisama lang.

Wala na sa control ng grandparents ko na hindi magkasundo ang heirs, buhay pa sila, they did their part which is to transfer and equally divide the properties to their heirs. May natira konti properties that were not transferred but the value isn't significant.