If you’re planning to buy property in Manila, this checklist will help you avoid costly mistakes and make a safer investment. Buying property in Manila is one of the most important financial decisions you will make. Whether you are a first-time buyer, investor, or overseas Filipino, proper planning is essential to avoid costly mistakes and ensure a smooth transaction.
Use this checklist as your guide before committing to any property purchase. You can also view available properties in Manila here.
💰 1. Budget & Financial Readiness
Start by determining how much you can realistically afford.
Consider the following:
- Down payment (typically 10%–30%)
- Monthly amortization
- Taxes and transfer fees
- Move-in and furnishing costs
Make sure your monthly payments will not strain your income. A good rule is to keep housing costs within a comfortable percentage of your earnings.
💬 Not sure what budget fits your situation? Talk to a licensed real estate broker here.
💼 2. Income Stability & Financing
Before applying for a loan, ensure your income is stable and well-documented. With the help of a licensed real estate broker have yourself pre- approved by a bank.
Prepare:
- Payslips or proof of income
- Bank statements
- Tax records (ITR)
Decide between:
- Bank financing (lower rates, stricter requirements)
- In-house financing (easier approval, higher rates)
📍 3. Location & Accessibility
Location is one of the most critical factors in property value.
Choose areas based on:
- Proximity to work (Makati, BGC, Pasay, Manila)
- Access to major roads and transport (EDSA, MRT, LRT)
- Nearby essentials such as schools, hospitals, and malls
A good location improves both lifestyle and long-term value.
🏢 4. Property Type & Purpose
Decide what type of property fits your goals:
- Condominium
- House and Lot
- Townhouse
Also define your purpose:
- Personal use
- Rental investment
- Long-term appreciation
Think ahead—will this property still meet your needs in 5 to 10 years?
📑 5. Legal Due Diligence
Never skip legal verification.
Check:
- Clean Title (no liens or encumbrances)
- Authentic ownership documents
- License to Sell (for pre-selling projects)
Working with a licensed real estate broker ensures all documents are verified and legally compliant.
🏗️ 6. Developer or Seller Background
Research is key.
For developers:
- Review past projects
- Check delivery timelines
- Look at reputation
For resale properties:
- Verify seller identity
- Confirm ownership legitimacy
💸 7. Hidden Costs & Ongoing Expenses
Many buyers overlook these costs:
- Association dues
- Maintenance fees
- Real Property Tax
- Insurance
These expenses affect your long-term affordability.
🧭 8. Property Inspection
Always inspect before committing.
Check:
- Unit condition
- Ventilation and natural lighting
- Layout and usable space
For condominiums:
- Building maintenance
- Amenities
- Security
🌍 9. Special Considerations for OFW Buyers
For overseas Filipino workers, additional precautions are necessary.
- Work only with a licensed real estate broker
- Avoid relying solely on relatives or unverified agents
- Use proper documentation (Special Power of Attorney if needed)
- Verify all payments and contracts before sending money
OFWs are often targets of scams, so professional guidance is essential.
📈 10. Investment Potential
If you are buying for investment, evaluate:
- Rental demand in the area
- Future infrastructure developments
- Potential for property value appreciation
Areas near business districts and transport hubs tend to perform better.
📝 11. Documentation & Buying Process
Understand the full process:
- Reservation Agreement
- Contract to Sell or Deed of Sale
- Loan processing
- Title transfer
A structured process protects your investment and prevents delays.
🤝 Why Work with a Licensed Real Estate Broker?
Real estate transactions involve legal, financial, and technical complexities.
Working with a licensed broker ensures:
- Legal compliance
- Proper documentation
- Protection from scams
- Professional negotiation
Whether you are buying or investing, having expert guidance is not just helpful—it is essential.
“Browse our latest properties here.”
🌏 Special Guide for OFW Buyers
If you are an overseas Filipino planning to invest in property in Manila, there are additional factors to consider.
✔ Secure a Special Power of Attorney (SPA) if you cannot be present
✔ Work with a licensed real estate broker to verify documents
✔ Choose properties with strong rental or resale potential
✔ Ensure payments and transactions are properly documented
💬 Buying from abroad can be challenging — but with the right guidance, it becomes a smart and secure investment.
👉 Speak with a licensed real estate broker here to guide you step-by-step.