Processing Fee

**badsekktor** · January 11th, 2008 01:53 PM

Two years ago, we purchased 4 lots sa isang subd developer by Landco. my wife also bought 2 lots sa same subd. We paid th full amount in cash and same with my wife. Ang problema eh sabi nung sales agent kay wifey ay may babayaran pa daw sila para ma-release yun title. around 18 thou daw per lot which is the processing fee, according to the agent tapos syempre tinanong kami ni wifey kung may binayaran kami since ang sabi nung agent ay may binayaran daw kami pero wala ako nalalaman na binayaran na processing fee.

Ang problema, sabi kay wifey eh i-rerecompute daw yun binayaran namin at kung kulang daw eh magbabayad kami ulit. Tama ba yun? i mean sino ba dapat ang mag-shoulder ng processing fee or attorney's fee ng transfer title? di ba dapat yun developer?

Last year and this year may binili din kami 2 house and lot and yun seller ang nag-asikaso lahat. binayaran lang namin yun transfer fee.

anybody who can enlighten me on this? two years ago yun and bayad in full tapos may biglang sisingilin sa min? medyo nakakapag-init din ng ulo kasi 4 lots din yun tapos 18 k per lot tapos 2 lot kay wifey so medyo malaki din yun.

**1D4LV** · January 11th, 2008 02:59 PM

ang alam ko, may mga processing fees talaga that are involved for the transfer of titles.. pero not sure how much, but i think it depends on the value of the property.

**mazingerZ** · January 11th, 2008 03:07 PM

The usual payments to be made would be the following:

1. notarial fee (meron ang mga abugado ng taripa - 1% ata or lesser, pero pwede namang 4 lots in one deed of sale);
2. Capital gains Tax - 6% of the deed of sale amount;
3. Doc. Stamps Tax - 1.5% of the deed of sale amount;
4. Mga little petty expenses sa BIR for the CAR (cert. authorizing regn), etc. - P2k siguro all in na;
5. registration expenses with the Registry of deeds - meron ding taripa (pero estimate ko is deed of sale amount / P200 multiply by 2);
6. Transfer tax - 3/4 of 1% of deed of sale amount;
7. Tax declaration transfer fees - P2k all in na;
8. Petty city assessor's fees (tax clearances, etc) - budget ka ng P1k;
9. Plus the lagay sa ROD, BIR, City hall;

In most instances, in a land sale transaction, the seller usually pays for the capital gains tax, the rest to be shouldered by the buyer;

Pero IMO, P18k x 4 = P72k, is already too much na. Hingan mo nag lahat ng resibo ng binayaran nila, baka rinaraketan ka na (which i pray di sana).

Hope this helps. .

**badsekktor** · January 11th, 2008 03:19 PM

yun nga ang problema... i smell something fishy... medyo pricey nga yun pagkakabili and nung pinuntahan namin eh bitak na kagad yun mga streets samantalang di pa na-gagawa lahat ng streets at wala pang bahay sa phase na yun. Hindi ko alam kung policy ba ng Landco which is the developer or raket ng mga agents. Yan nga din lang ang alam ko na babayaran since yun two other house and lot na nakuha namin eh yan lang ang inasikaso. Ang nakakainis pa eh 2 years na tapos 3 title pa lang ang nakukuha dun sa 4 lots and kay wifey yata eh isa pa lang meron titulo. Ayoko magparatang sa Landco which I believe is a reputable developer pero medyo alangan ata yun maniningil pa sila ng kung-anu-ano samantalang binayaran na namin ng full payment yun two years ago pa.

anyway another query is kelangan ba namin magbayad ng homeowners fee kahit hindi naman namin tatayuan ng bahay ang mga lote na yun?

**mazingerZ** · January 11th, 2008 03:28 PM

Why not go directly to Landco head office? Baka di pala totoo ang mga fees na ipinapatong sa inyo. Ang homeowners fee dependent sa subdivision bro.

**coiter** · January 11th, 2008 03:58 PM

last year nagpaprocess din ako ng transfer of title sa seller ng lupang nabili ko. umabot din ng mga 16k. may complete list naman ng expenses and receipts and mostly yung mga government agencies ang mahal. so i guess yung 18k na hinihingi e roughly the right amount depending on the price stated on your deed of sale. pero to be sure, check mo na rin sa developer nyo or do the transfer yourself. pero sooobrang hassle yun. dami mong pupuntahan. good luck!

**badsekktor** · January 11th, 2008 04:06 PM

bukas nga pupuntahan namin para i-clarify yun. salamat sa mga replies.

sir coiter so you mean 18k per lot ang babayaran namin? hindi ba pwedeng batch ang processing nun at isang bayad na lang? saka alam ko talaga eh yun seller ang dapat mag-shoulder nyan lalo na developer sila di ba? I mean 2 years ago pa binayaran in full and nakuha na namin4 titles out of 6 so bakit kami sisingilin ng processing fee which is hindi nila siningil nung unang-una pa lang? alam naman nila na i-cacash namin lahat yun?
anyway i-clarify din namin sa office nila bukas.

**mazingerZ** · January 11th, 2008 04:09 PM

One thing you should check is the deed of sale bro. Dapat di pa na notarize kasi baka nanotarize na yan two years ago, patay ka sa penalties sa capital gains, doc stamps at transfer tax. 20% yan na surcharge plus 1% per month na interest.

**badsekktor** · January 11th, 2008 04:41 PM

Originally Posted by mazingerZ

One thing you should check is the deed of sale bro. Dapat di pa na notarize kasi baka nanotarize na yan two years ago, patay ka sa penalties sa capital gains, doc stamps at transfer tax. 20% yan na surcharge plus 1% per month na interest.

ok i'll check. tnx bro!

**BackSpace** · January 11th, 2008 10:09 PM

ganyan talaga mga developer minsan pag alam nila may pang bayad ka abusado naman,Taka lang ako sayo nag bayad ka ng cash hindi mo agad na kuha ang title malamang naka sanla pa yan at nasa mother title pa kaya wala pa silang pondo na pang ayos. Depende sa subd. minsan may mga home owners na agad kahit konti palang bahay tapos nasingil na sila ng mga monthyl dues kahit wala pang bahay marami ako alam na ganon katwiran nila nag tatabas daw sila ng damo sa lote mo