An OFW’s guide in buying property

A property in the Philippines represents every bead of sweat you have poured, every mile that you have traveled and all hardships you endured just to have a better future. It’s time to reap the benefits of your hard work and see it standing right in front of your eyes by buying the property of your dreams.

But how will you own a property in the Philippines if you’re living overseas? Buying property in your native land, while working and living abroad can be tricky. Flying back to the Philippines and spending your precious vacation time house hunting can be a huge inconvenience.

But with the help of the right people and information, you can still buy property without travelling back to the Philippines. We listed down the steps on how you can buy property, even if you’re abroad.

Know the local situation


It’s important to be aware of how the real estate sector is performing in the Philippines, especially if you have lived abroad for a while and have no idea on what’s going on. You should compare prices, talk to professionals and visit real estate portals, like Dot Property Philippines, to get a better understanding of the market.

Be aware of the legal system

Take into account how properties are registered, on how you can sign for the operation and what rights you have as a buyer. You don’t want to put yourself in a situation where you feel completely lost.

Find the best developer

It’s extremely important to find a developer who has your best interests in mind. The key in finding the best developer is through referrals. Ask your friends back home if they can recommend reliable developers. Ask if these developers are easy to talk to, have expertise, and are willing to help you even though you’re far away from home.

Choose a representative

Find a representative who you trust and can become your attorney-in-fact. A person becomes your attorney-in-fact when you sign and consularize the Special Power of Attorney (SPA). Consularization means authenticating your documents with to the Philippine Consulate. When approved, your attorney-in-fact will be able to sign forms and documents on your behalf, and represent you at every step of the transaction.

Ensure important documents are in order

Make sure that you have the following documents:

  • Signed and consularized SPA
  • Photocopy of important IDs (passport, driver’s licenses, etc.)
  • Proof of billing of utility bills
  • Proof of income
  • TIN (Tax Identification Number)
  • Certificate of employment

Employment Contract

If you’re going to pay in installments, ask your attorney-in-fact to apply for loan options like Pag-IBIG loan or banking loans. Just make sure that you pay the monthly amortization until your dream property is paid off.

The Turnover

After the nitty-gritty process of choosing and buying property, you can now get the keys and see the fruits of your labor! But hold on, there are still steps to be considered during the turnover process. Ask your attorney in fact and family members to inspect the house. Ask them to check the following elements:

  • Condition of the walls, floors, ceilings, roof and other important parts of the house.
  • The exterior of the house including paint, landscaping, lights, and sidewalk.
  • The plumbing and the electricity of the house will not hurt.

Distance shouldn’t be a hindrance when it comes in getting the property you deserve. Use your hard earned money on an investment that you can be proud of. Follow these guidelines and lock down the property that you’ve been dreaming of in no time at all!