8 STEPS IN PROPERTY REGISTRATION OF REAL ESTATE BROKERAGE SALES ( From Individual Owner to new Buyer)

STEP 1: Secure an Authority from the buyer:

 

STEP 2: Prepare the following documents:

1. Deed of Absolute Sale (duly notarized)

2. Deed of Restriction ( for Property within a subdivision)

3. Original Transfer Certificate of Registration

4. Original Tax Declaration

5. Vicinity Map

6. TIN & Passport or Com. Tax Certificate of the Buyer/Seller

 

STEP 3: Secure a Certified True Copy of the TCT at the Registry of Deeds

 

STEP 4: Secure the following documents at the Assessor’s Office:

1. Certified True copy of the Tax Declaration

2. Certificate of No Improvements

3. Tax Clearance (requirement for Registry of Deeds)

Protect your Real Estate Investment.

BE SAFE. Deal only with PRC Cebu Licensed Real Estate Broker.

Visit us @ https://www.cebubai.com/5-step-guide-on-title-transfer-in-the-philippines/

STEP 5: Submit to the BIR all the necessary documents in 3 copies (1 orig. & 2 photo copies including receipts) except the Tax Clearance.

1. Secure the Assessment Sheet from the Officer of the Day or Examiner for the amount of taxes to be paid.

 

2. Prepare the payment of Taxes ( BIR Form 1706 for CGT), BIR Form 2000 for Documentary Stamp Tax for the buyer.

 

3. Proceed to the Updating Officer to verify the TIN of the Buyer and Seller, if the TIN is updated.

 

4. Proceed to the Bank for payment of the CGT & Doc. Stamp Tax.

 

5. Submit to BIR the validated BIR Form 1706 and BIR Form 2000 or receipts if any.

 

6. Wait for the release of the CAR (Certificate Authorizing Registration)

 

STEP 6: Proceed to Land Tax Division for payment of Transfer Tax (0.5%)

1. Submit photo copy of the Deed of Sale and Tax Declaration

2. Pay the Transfer Tax (.5%)

 

STEP 7: Proceed to the Registry of Deeds for Registration.

1. Submit the CAR (2 copies)

2. Deed of Sale and Deed of Restriction

3. Tax Clearance (2 copies including receipts)

4. Original Transfer Certificate of Title

5. Submit the Photo Copy of the validated BIR form 1706 / 2000.

6. Pay the Registration fees.

7. Wait for the release of Title.

 

NOTE:      Keep the Claim no. for follow-up and present a valid ID in claiming the title.

 

STEP 8: Proceed to the Assessors Office for the issuance of the New Tax Declaration.

1. Submit the old Tax Declaration.

2. Photo copy of the New Title.

3. Photo copy of the Deed of Sale.

 

STEP 9: Turn over the TCT and Tax Declaration to the BUYER.

SECRETS Reveal in Property Investment Success

HAVE YOU BEEN TO CEBU CITY LATELY? If you have noticed, high rise buildings are sprouting everywhere. As a licensed Broker, i get invited at least once every month for a project launching. So just imagine at least 12 new projects within a year for us to offer. hmmmmmm.....It means good business.

Most of our buyers nowadays are getting younger.  As young as 22 years old my client started her first condominium investment. The purpose usually of our buyers for buying a condo unit is for rental business. Here are 2 things we consider when we offer a condo project to our buyer/investors:

1. LOCATION is very important to consider when buying a condo unit for lease. The location of your unit must be accessible to public transportation and must be near to offices, Malls, Schools and BPO companies to increase chances of having your unit rented immediately

2. PROPERTY MANAGEMENT is also very important because if the condominium building where your unit is located is well kept, your unit will easily be rented. Moreover your unit will appreciate its value through the years.

For your Real Estate Investment in Cebu....

BE SAFE. Deal only with PRC licensed Real Estate Broker.

Check this out...https://www.cebubai.com/contact-us/

Taxes and Fees in Real Estate Purchase in the Philippines

Please be guided on the following Taxes and Fees when buying a Real Estate Properties:

A. Buying Property from a Real Estate Developer

The Following Taxes and Fees are included in the Purchase Price of a Residential Property.

1. 12% Value Added Tax (VAT) -

   Exempted from 12% VAT 

   Residential Lot Only – Price does not exceed P1,919,500

   House & Lot -             Price does not exceed P3,199,200

2. Documentary Stamp Tax - 1.5% of the total selling price

3. Transfer Fee - 1/2 of 1% of the total selling price

4. Registration Fee - approximately 1/2 of 1% of the total selling price 

B. Buying Property from Individual Owners

1. Capital Gains Tax (CGT) - 6% of the total selling price or Zonal Value is higher. This tax is usually for the account of the seller, but some owner's price is net of tax, meaning the CGT is for the buyer's account.

2. Documentary Stamp Tax - 1.5% of the total selling price or Zonal Value whichever is higher. Like the CGT, this tax is usually for the seller's account unless otherwise agreed upon by both parties.

3. Transfer Tax - - 1/2 of 1% of the total selling price

4. Registration Fee – approximately 1/2 of 1% of the total selling price

C. Buying Property from a Corporation

1. Creditable Withholding Tax (CWT) - 6% of the total selling price. This tax is usually for the account of the seller, but some owner's price is net of tax, meaning the CGT is for the buyer's account.

2. 12% Value Added Tax - 12% of the purchase price is added on. ( not applicable if the property is not used in the trade or business).

3. Documentary Stamp Tax - 1.5% of the total selling price. Like the CGT, this tax is usually for the seller's account unless otherwise agreed upon by both parties.

4. Transfer Tax -- 1/2 of 1% of the total selling price

5. Registration Fee - approximately 1/2 of 1% of the total selling price

For all your Real Estate Investment in Cebu...

BE SAFE CONSULT ONLY WITH LICENSED REAL ESTATE BROKER.

Ma. Corazon "Coco" dela Fuente

PRC Reg.No. 006953

Mobile No: 09177965825

https://www.cebubai.com

FIRST SOLELY RESIDENTIAL RESORT DEVELOPMENT THE NEXT VACATION DESTINATION IN MACTAN, CEBU

A Cebu base Real Estate Developer,  Tytans Properties and Development, Inc. has decided a beachfront as the site of its multibillion-peso first residential resort development located Barangay Buyong, Lapu-Lapu City, Cebu.

The Location of the project is known by almost all cebuanos because most of us left good memories of the beach resort while we were still kids, enjoying the fine powdery white sand of what it used to be Tambuli Beach Resort.

The 110,000-square meter sprawling development will rise at the old Tambuli West resort and the present site of Cebu Beach Club (CBC)

You just can imagine, While most  developers in Cebu pick the city center as location for their condominium projects, not one project in Cebu has been done that will alternatively serve as a vacation destination for unit owners and tenants.

Tambuli Seaside Living development is describe as modern Tropical will sit on an 11-hectare property boasting of a ready 200-meter natural beachfront with fine, powdery white sand, while residents can enjoy the exclusive use of the four-hectare amenity area.

Towers A & B consisting of 10 storeys and each housing 144 units expected to be turned over by fourth quarter of 2016.

The studio units will take up about 35 to 38 square meters while one-bedroom units will occupy a space of 46 to 63 square meters. Parking slots will also be made available.

Amenities will include modern Asian clubhouse spanning 5,000 square meters to house gym, café, huge deck by the sea, game room, ball room, convention center and a lagoon pool that is roughly 4,000 square meters in breadth.

There will also be a resort spa, fine dining restaurants, dry sports facility and additional features such as golf carts and mini waterfalls.

ENJOY 365 DAY OF FUN, SEA, SAND @ Tambuli Seaside Living. A worthwhile vacation destination for you & your family.

DECIDE ABOUT IT NOW.

What makes Tambuli Seaside Living different from other Condo Living?

1. The First Residential Resort Community in Cebu to have a READY  200 METERS WHITE BEACH FRONT.

2. The First Real Estate Development in Cebu having a four (4) hectare AMENITY AREA.

 

3. EXCLUSIVE. The 11 hectare development is solely use for residential/condo owners. 

4. State of the art Modern Tropical Resort Development

5. All units comes with Balcony 

6. All units are FULLY FURNISHED (until further notice)

7. RESERVATION @30,000 only

With us, a vacation everyday is possible. View more Photos: https://www.cebubai.com

Should you have any questions or Site Viewing, please don't hesitate to contact me.

COCO A. DELA FUENTE

09177965825

032.254.2398

Email: inquiry.cebubai@gmail.com

New law to improve real estate services, industry professionalism

THE Real Estate Service Act of the Philippines (Resa) will improve professionalism in the real estate service industry in the country.

Emily Amie Cabillada of real estate service company F9 Property Development and Consultancy Inc. said accredited real estate service practitioners will be regarded as professionals like engineers, architects and nurses under the law.This, after Resa has moved the regulatory and supervisory authority of the real estate services in the country from the Department of Trade and Industry (DTI) to the Professional Regulation Commission (PRC).

As a result, DTI field offices will no longer accept applications and renewal of licenses of real estate consultants, appraisers, brokers and salespersons starting July 30. All records will be moved from the DTI to the PRC, which will create the Professional Regulatory Board of Real Estate Service.

President Arroyo signed Resa into law last June 29. The law took effect starting July 30.

Under the law, those with expired licenses or those who passed previous examinations but have not applied for a license as of July 29 will be required to take another licensure exam.

“New and tougher requirements have been adopted in the Resa. For example, a broker applicant must be a holder of a relevant bachelor’s degree from a state college or university and other educational institutions recognized by the Commission for Higher Education (Ched),” said Cabillada. She said the PRC will require applicants to be graduates with a bachelor’s degree in real estate service before they can take the licensure exam. The course, though, will still have to be developed by Ched.

For real estate salespersons, there will be no examinations but they will be required to complete at least two years of college education.

Cabillada said this is one way of upgrading the skills and knowledge of real estate service practitioners and informing the public that they will be dealing with professionals.

Resa also mandates all real estate service associations to be integrated into one national organization that will be recognized by the Professional Regulatory Board of Real Estate Service and approved by PRC as the only accredited and integrated professional organization of real estate service practitioners.

The law also provides a fine of not less than P100,000 or imprisonment of not less than two years or both against those who violate it.

CEBU MEMORIAL PARK INVESTMENT

Why Invest in Manila Memorial Park CEBU???

It is very fortunate to know that more & more people have known that Memorial Lots are Secured and stable form of investment. The need for a place to be buried is a basic need for all. Changing Economies hardly affect the demand for it.

Memorial Parks in the urban areas are quickly being filled-up. Accessible and Convenient Parks are becoming difficult to find. And with the continued increase in population in the urban areas, the demand for and shortage of memorial park lot becomes more apparent.

Prices of Memorial Lots increase by not less than 15% early this year. Plus, developer gives discounts for cash buyers giving you bigger ROI within the year.

But, we should remember that there are things to consider before putting our hard earned money in this investment.

First, consider the DEVELOPER, the LOCATION, and the nature of DEVELOPMENT. In order to maximize the benefits and protect your investment, the developer must be reliable with a number of years experience in the industry. And with the noted accomplishments and previous projects you can already see.


So when you are thinking of where to put your money..........
THINK Manila Memorial Park, Liloan-CEBU

The Park in Liloan is 16km from Cebu City which is accessible by private and public vehicles (Bus, Jeepney, Tricycle, etc.) via the NATIONAL HIGHWAY.

Manila Memorial Park in Liloan Cebu has 4 LANE ROADS all through out the Park which allow our clients to park their cars NEAREST TO THEIR LOT, giving them convenience in parking.

AMENITIES:

* MODERN DESIGN *CONVENIENCE
Chapel & Admin Bldg. Wide concrete roads, ample
parking spaces, Gazebos &
Comfort Rooms

* LANDSCAPED GARDENS * SECURITY
Lagoon with fountain, 24 hours security, perimeter
Computerize underground fence & night lighting

For your Investment...

BE SAFE. Deal only with PRC Licensed Real Estate Broker.

View more photos, click https://www.cebubai.com/property/manila-memorial-park-cebu/