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.

EARN EXTRA THRU REFERRALS... No Hassle

EARN THRU REFERRALS

No Hassle. No selling involved on your part.

We pay you a referral fee for every closed sale.  

 

Greetings!!!

 

MC Dela Fuente Realty is a Cebu Base Real Estate Firm with a vast experience in real estate since 1997. As a way of sharing our blessings, we are giving referral fee for a referror (YOU!) who can refer a friend, co-OFW, Balikbayan relatives, Tourist, or anybody who are interested in any of the different Real Estate Projects we offer.

MC Dela Fuente Realty  Specializes in Subdivision Projects in the following locations: Cebu City, Mandaue City, Lapu-Lapu City, Consolacion, Liloan, Talisay City, Minglanilla & Argao, etc.

 

We are the Marketing Partner of the different Real Estate Developers in Cebu. We Sell Office/ Commercial/ Residential/ Resort Condominium, House and Lot, Vacant Lot, Townhouse & Memorial Park

 

View all our properties @  https://www.cebubai.com

 

HOW TO EARN  thru REFERRALS?

 

(1)   Just Introduce us to a friend, relatives, fellow Balikbayan, classmates, co-employee,  tourist/potential Filipino investor, or practically anyone who's in need or in search of real property House & Lot, or Condo unit for their dwellings or investment.

 

(2)   Upon consummation of the sale, as the referror, you are entitled to a fee. Base on the

             net commissionable amount of the property sold.

 

To avail of the program, simply email us or contact us to signify your plan to join. And we will get in touch with you to explain the mechanics and How much is it for you in every referral. We will be delighted to share our blessings with you.

MC DELA FUENTE REALTY

Email: inquiry.cebubai.com

Mobile no: 09177965825

Landline: 032 2542398

A HEALTHY LIFESTYLE…. ONLY AT MABOLO GARDEN FLATS

Mabolo Garden Flats echoes its two most distinguishable features: ecological and economical. Staying true to its name, this residential condominium is equipped with eco gardens that are truly unique in Cebu. It also houses the most number of health and wellness amenities that fit those who live an active lifestyle. This vertical community is a towering 28 floor structure that holds more than 300 modularly designed studio units and loft units. Its residents will be able to delight in the calming environment of Tress Borces, tucked away from the bustling city noise yet still quite accessible to Cebu City’s major estableshments.

At Mabolo Garden Flats, our amenities are designed for an active lifestyle.  A Jogging Track & climbing wall, where in you can run and climb as you experience the outdoors from within. We have Fitness Gym to keep you fit and tone your body with our world class fitness gym. The Infinity Pool, plunge in to infinite luxury with the City lights as your backdrop. Relax and breathe in fresh air in the eco gardens & our Mini Playground. We have elegant and warm interior of the Lobby that will greet you every day.

We deliver all the units in Mabolo Garden Flats with the essentials of a comfortable living, finished walls and floors, kitchen sink and counter top, tiled toilet and bath with bathroom fixtures, separate toilet and bath and a private balcony.

The Mabolo Garden Flats is truly your worthy and lasting eco investment in Cebu.

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.