100 sqm lot for sale for 150k
Problem:
I need advice from those who have knowledge about buying land.
Context:
Thereβs a land being offered here near us, in a village that's somewhat far from the actual city or town, but kind of close to the national road. Itβs 150k for 100sqm. The soil is hard, it can be built on, it's just flat land. The problem is I spoke to a middle seller. And the actual owner is someone we know because theyβre just from the same village. When I talked to the owner, they said they canβt offer it directly because they already have an agreement with the middle seller, it seems they sold the whole 6447sqm to them, but the owner hasnβt been paid a single peso yet, so they still hold the mother title, meaning thereβs still an agreement or arrangement in place. Then this middle seller is trying to sell it further and I asked what if I avail of it, what's my role, and they said a deed of sale and a survey, and that I could occupy it, but they would be the one signing as the seller. But theyβre not the registered owner because I spoke to the real owner who hasnβt been paid yet, so the title hasnβt actually transferred. (The middle seller doesnβt know I spoke to the owner). Then I researched on chatgpt because we really have no idea about the process of buying land. The middle seller said they visited DAR, NIA, that kind of thing, and when I asked if DAR approved it, they got a bit snappy because they said the papers are still on process, that there are still too many things to sort out. Itβs CLOA land, awarded by the government. chatgpt said maybe later it wonβt be approved by DAR, which means it won't get an individual title, so what about my 150k? The middle seller also wants me to pay the 150k, then Iβll add 20k for the surveyor, Iβll get a deed of sale and I can occupy it. Itβs just that simple. But Iβm scared because what if the owner and the middle seller donβt agree since the owner hasnβt been paid? What about my 150k then? The middle seller also mentioned that there's a payment issue involving 250k that happened between them and the owner; Iβm not sure what thatβs for, it seems like a statement for them to authorize the middle seller to sell, but according to the owner, they havenβt received payment for it.
Is this a red flag? Or is it okay to just wait for their papers to transfer, the title from the owner to the middle seller, then only after that could it be subdivided, and then I could get an individual title? It seems really long and complicated, doesnβt it?.