My 7 Tips on How to Buy a Farm Land in the Philippines

Buying a farm land or any other real estate in the Philippines does not differ immensely in terms of the due diligence a buyer will have to do. Do you already have in mind what your dream farm looks like?

Decide on your game plan. You might want to ask yourself several questions first so you can create your game plan. What and where are two vital questions. What kind of farming am I going to pursue? Where would be the best to do such kind of farming? If you are going to raise livestock, poultry for example, you have to make sure that the area in where you will buy would allow such an endeavor. You don’t want to be spending a fortune on acquiring the land and building a poultry house only to find yourself being petitioned out of business because the foul odor of your farm is harming the immediate community.

Let me give you some tips that I hope would somehow guide you in your acquisition of a farm land or lot in the Philippines.

1. You can do it yourself or you can get the services of a licensed real estate broker. Hiring a licensed real estate broker has a lot of upside on it. First, you get to have an expert by your side. He/She can guide you every step of the way.

2. Decide on what kind of farm you envision yourself operating. Is this for commercial purposes, or just weekend farm kind of life you want to pursue? Are you going to raise livestock or you just want to grow fruit trees, vegetables and crops?

3. Water supply is vital in any farm, you might want to check if water supply is easily found in the area. You can verify water supply in the Local Government Unit’s Water Resources Board.

4. Since you are already connecting with the LGU, might as well ask about the security in the area. You don’t unruly people paying you a visit in your farm from time to time.

5. Make a due diligence on all the documentations. Have the land title/s check and verified in the Land Registration Authority. Check if the land title/s have encumbrances. Double check the Real Property Taxes (RPT) if the payments are updated. A licensed real estate broker can do this for you.

6. Check the price of the farm lands in the area. You can do it online or check with the LGU. If you hire a licensed real estate broker, that would be a part of his/her job already. Another upside of having a broker to work with you.

7. Make sure you visited the site, better yet to visit it multiple times. Talk to local barangay officials and ask questions about the history of the land and the land owners.

Just a footnote. Deal and pay only to the land owner whose name is on the land titles. Do not make your payment to your broker, the LGU or any other person. Unless of course if you are dealing with a person having the Special Power of Attorney issued by the registered land owner.

I hope I have shared with you vital tips on your journey in acquiring your dream farm. And by the way, I know you are wondering why I always mention the licensed real estate broker. You are right, its because my wife is. :)