Do you really want to sell your property?

Do you have the time for all of these in selling your property?

Pause and think deeply on all these things:

1. Prepare all your property documents and ensure they are in order

   Title (Transfer Certificate of Title - TCT or Condominium Certificate of Title - CCT)

   Must be clean and free from liens or encumbrances.

   Tax Declaration – Updated real property tax (RPT) payments.

   Real Property Tax Clearance – Shows no unpaid taxes.

   Latest Tax Receipts – Proof of payment of real estate taxes.

   Special Power of Attorney (SPA) – If selling through a representative.

   Homeowners’ Clearance (if applicable) – Needed for properties in subdivisions or condominiums.

2. Research market prices of similar properties in the area

   Consider appraisals from banks or real estate professionals.

   Include costs like capital gains tax, agent commissions, and transfer fees.

3. Market the Property

   Online Listings – Platforms like Lamudi, DotProperty, Carousell, OnePropertee, Facebook Marketplace.

   Are you willing to take all the costs, the time and effort?

   Real Estate Brokers & Agents – Licensed brokers help find buyers faster and assist with paperwork.

   Traditional Advertising – Flyers, word-of-mouth, and local newspapers.

4. Negotiate with Buyers

   Discuss terms: price, payment scheme (cash or bank financing), and inclusions (e.g., fixtures, furniture).

   If the buyer is using a loan, the bank will appraise the property before approving the loan.

5. Execute the Contract

   Deed of Absolute Sale (DOAS) – Final agreement between seller and buyer.

   Acknowledgment before a Notary Public – The DOAS must be notarized to be legally binding.

6. Pay Taxes and Fees

   The seller usually covers:

   Capital Gains Tax (CGT) - 6% of the selling price or zonal value (whichever is higher)

   Brokers Professional Fee - negotiated

   The buyer usually pays:

   Documentary Stamp Tax - 1.5% of the selling price or zonal value

   Notarial Fees - Varies but usually around 1% of the selling price

   Transfer Tax - Typically 0.5% to 0.75% of the selling price

   Registration Fee - Based on a schedule from the Registry of Deeds

7. Transfer of Ownership

   Submit the notarized DOAS and required documents to the Bureau of Internal Revenue (BIR) to get the Certificate Authorizing Registration (CAR).

   Proceed to the Registry of Deeds for the title transfer.

   Update the Tax Declaration under the buyer’s name at the Assessor’s Office.

Simply imagine: Do you want to go through all the troubles? Or do you need help from a partner?

Items that we can help you with:

Market Expertise - Brokers, like us know current property values and can help you price it right!

Wider Network - We have access to serious buyers and multiple listing platforms.

Faster Sales - Our connections and marketing strategies attract buyers faster!

Legal & Paperwork Assistance - We ensure the sale follows legal processes, reducing the risk of issues.

Negotiation Skills - We handle price discussions professionally to maximize your profit!