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)

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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.

EFFECTIVE WAY TO SELL YOUR HOUSE FAST

Selling your House is more than just putting up a "FOR SALE" sign to where your property is located. You might be able to save money by selling it by yourself. But studies on Real Estate show that four out of five properties are sold through a Licensed Real Estate Broker or what we call REALTOR.

The Cebu Real Estate Brokers work together as a TEAM and have a network to share and to exchange listed properties for sale. Every property listing we get, we immediately made known this to fellow REALTORS/BROKERS and salespersons under us that a certain property is for sale at a certain location at this price. if you sell on your own, you cannot use this network without an agreement with a BROKER/REALTOR. This is our professional edge which unluckily, you as a seller may not have the opportunity to make use of. 

Moreso, the Brokers in Cebu KNOW who are our buyer for a particular property for sale. So, After we get a property listing for  sale, we offer it first to our buyers  in mind.

And Lastly, we are KNOWLEDGEABLE to  the right market value for a particular property in a particular location. We usually suggest to our buyer the right price for their property offered for sale in the market.

Now you know why we Brokers can sell your house fast.

Get Ready....

SELL YOUR CEBU HOUSE FAST. The 10 Steps to Real Estate Property Selling Process in Cebu