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Jun 6, 2022 · To avoid being confused when dealing with a real estate developer or agent, here is a glossary of real estate acronyms and terminology. Real Estate Acronyms Commonly Used in the Philippines. AP – Asking Price. APT – Apartment. ARV – After Repair Value. ATS – Authority to Sell. AV – Appraised Value. BIR – Bureau of Internal Revenue.
Jul 17, 2023 · The Philippine real estate market is a maze of jargon and acronyms. But with a little bit of knowledge, you can navigate it like a pro. This article is your guide to the essential real estate terms you need to know. From titles and deeds to taxes and mortgages, we’ve got you covered.
Jan 11, 2022 · Philippines Real Estate Terms to Know. Abstract of title. A document that provides a summary of the history of a specific title. This includes property transactions as well as claims against it. Abutting. Lands that are adjacent to one another. A shared boundary exists between adjoining properties. Acceleration clause.
Mar 28, 2017 · Although English is one of the official languages of the Philippines, unfamiliar terms and abbreviations may be used within the property market. Here’s our round-up of some of the key terms.
In this article, we’ll demystify some of the most commonly used real estate terms in the Philippines. Abstract of Title : It consists of the concise history of a particular title, the summary on the links, and activities that affect ownership of a property.
Whether you are a real estate broker or a real estate investor, knowing the jargons such as "capital gains tax," "fair market value," "contract to sell," "abstract of title," "total contract price," or "certificate of title," will give you the confidence you need to succeed in your goals.
Dec 13, 2023 · To help save us from the trouble and embarrassment, I have started compiling a list of local real estate acronyms and their meanings, as most often used here in the Philippines. Check them out below. Real Estate Acronyms commonly used in the Philippines. AP – Asking price. AF- Atypical Floor. APT – Apartment. ARV – After Repair Value.
