Kapag bibili ka ng resale real property, parati mong maririnig ang payo na kailangan gawin ang due diligence. Pero marami pa rin ang walang idea kung ano ang due diligence at paano gawin iyan. So in this video, I will discuss what is due diligence in real estate and the step by step due diligence process.

00:00 INTRO
00:29 CAVEAT EMPTOR
1:06 WHAT IS DUE DILIGENCE
Due diligence means conducting an investigation, a sort of background check before you sign any contracts and hand over any money.

1:31 WHEN IS DUE DILIGENCE DONE
Due diligence is done between the acceptance of the offer and signing the Deed of Absolute Sale.

3:09 THE LENGTH OF THE DUE DILIGENCE PERIOD
The length of the due diligence period depends on what has been negotiated with the seller.

3:35 STEP BY STEP PROCESS OF CONDUCTING DUE DILIGENCE
3:38 STEP NO. 1: IF THE SELLER IS MARRIED, DETERMINE IF THE SELLER NEEDS CONSENT

4:27 STEP NO. 2: IF THE SELLER IS REPRESENTED BY AN ATTORNEY-IN-FACT, VERIFY THE SPECIAL POWER OF ATTORNEY

7:23 STEP NO. 3: ASK FOR THE OWNER’S COPY OF THE CERTIFICATE OF TITLE AND COPY OF TAX DECLARATION

12:15 STEP NO. 4: SECURE AN UPDATED CERTIFIED TRUE COPY OF THE TITLE
COMMON ANNOTATIONS ON CERTIFICATE OF TITLE you have to watch out for
1. Restrictions
2. mortgage
3. notice of lis pendens
4. adverse claim
5. Subject to Section 4 Rule 74 of the rules of court
6. lease
7. Easement of right of way
8. Writ of Preliminary Attachment
etc.

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