Cebu Real Estate Information

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Cebu Properties


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Email: cebubesthomes@gmail.com 

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CEBU CITY HOUSE AND LOT 

Acacia Drive

Jasmine 4BR
Kentwood Banawa H&L
Lily 4BR
Rose 3BR Duplex
Courtyards of Pasadena

Michael James Res
Murano 4BR Riverdale
Sapphire 3BR Riverdale
Emerald 4BR Riverdale
Riverdale Subdivision
Ruby 4.5BR Riverdale
Gavina 5BR Riverdale
Fatima 5BR Riverfront
Elaisa  5BR Riverfront
Drina   4BR Riverfront
Carmela 3BR Riverfront
Marga  2BR Riverfront
Sto Nino Village 1storey 
Cebu City Lot 180 sqm 4sale


  
CEBU NORTH HOUSE & LOT

Aduna Beach Villas

Amoa Subdivision

Anami Homes Jugan

Aspen Heights  (Lot only)

Casa Cerro Compostela

Casili Residences

El Montegrande 200 sqm Lot

El Monteverde de Cebu

Elizabeth View Homes

Florence Canduman

Garden Bloom Villas

Grania 2BR Bungalow

Lunah 2-storey 4BR

Mandaue Lot 7,825 sqm

Monte Verde House

Northfield Residences

Primavera Hills Liloan

Redwood Subdivision

Richwood Homes

The Heritage (Lot only)

Villa Melissa Liloan

Virtacci Hills

Yanessa Country Homes  


MACTAN HOUSE & LOT

Acasys Homes

Alegria Palms 1

Alegria Palms 2

Anami Homes Mactan

Astele

Bali Residences

Beverly Place

Blessed Sacrament

City Homes Mactan

CKL Homes

Collinwood Subdivision

Goldmine Residences

Happy Homes Soong

Island Homes

La Aldea del Mar

Modena Subd Lapu-lapu

Navona Subdivision

Pacific Grande 2

Park Place Twin Homes

Portville Townhouse

Solare

Summerville Cordova

Sunberry Homes

Teakwood Subdivision


CEBU SOUTH HOUSE & LOT
  

88 Brookside Talisay SRP

Azienda Firenze house

Azienda Genova 

4BR H&L overlooking sea

Baywalk Talisay

Beachfront house Talisay

Carmen Village Talisay

Fairview Village Talisay

City Homes Minglanilla

Malibu Residence

San Fernando 2.5 hec

South Covina

The Heights

The Villagio

Velmiro Heights

Villa Donna Talisay

Villa Purita Minglanilla

Vista Grande Overlooking

Woodway Townhomes 

 

CONDOMINIUMS

 Amisa Condo

Apple One Banawa

Arterra Residences 

Atelier Residences

Avalon Condo Ayala

Avida Towers

Azalea Place

Bamboo Bay

Bayanihan Flats

Bloq Residences Talamban

Bloq Residences Sikatuna

Bloq Residences Mandaue

Eagles Nest

Grand Residences

La Mirada

Midori Residences

Myvan Cityscape

Myvan Cityscape 2

Myvan Grand Tower

One Oasiis

Pacific Grande condo

Penthouse Woodcrest

Saekyung Village One

Like Rent to own Condo

The Persimmon

The Trillium Residences

Vertu Residences

Woodcrest 2BR condo rfo

 

RAW LAND FOR SALE

Casili Mandaue 7,825 sqm

SanFernando 2.5 hec. cheap


FOR RENT CONDO

HOUSES & APARTMENT

2BR apartment for rent in Mandaue

4BR aparment for rent Mabolo 

Studio condo for rent in Mandaue 6K

Studio condo for rent in Mandaue 8K

1BR condo for rent in Mandaue 10K

1BR condo for rent in Mandaue 15K 

2BR condo rent in Mandaue 20K

Studio condo rent Subangdako 10K

1BR condo rent Subangdako 12K

IT Park Lahug 1BR condo

Metropolis 4BR house for rent 40K

 



Reservation Agreement, Contract to Sell, Deed of Sale, Why?

                                                                                                                                                                                                                                                           10 November 2009

RESERVATION AGREEMENT, CONTRACT TO SELL , DEED OF SALE & WHY THEY ARE NEEDED IN THE PURCHASE OF PROPERTIES
The Reservation Agreement pertains to the agreement that focuses on the terms and conditions on the payment of reservation fee. This is actually the first step that is necessary because it stipulates that when the buyer does not proceed to sign the contract to sell, or for whatever reason does not pursue with the purchase, the buyer agrees that the reservation fee will be forfeited. Without this agreement, a buyer who can make a reservation can demand a refund when a buyer decides not to push through because there is no legal basis for the forfeiture. Besides, the Reservation Agreement is the basis in which the Contract to Sell shall be made leading to the more important contract - the Contract to Sell. In brokerage term, Reservation Agreement is called Earnest Money – a small amount of money usually few thousand pesos or 2% to 5% of the Total Contract Price to show interest to purchase on the part of the buyer and that the property can be put on hold until such time the Contract to sell or Deed of Sale is ready for signing.
The Contract to Sell - pertains to the entire Total Contract Price stipulating the terms and conditions of payment and the description of the unit purchased. This is the contract that will be used as legal basis on the right of the buyer to demand a DEED OF SALE when the property is fully paid. But the Contract to Sell is not enough basis for the transfer of title to buyer’s name. It will only serve as a legal document that will compel the seller / developer to execute the Deed of Sale when the property is fully paid and/or when all conditions in the contract to sell are complied with.
The Deed of Sale or Deed of Absolute Sale,  is the final contract that will be required by the Register of Deeds for the transfer of ownership. In case of purchase by installment, this will come later when the unit is fully paid; this deed of sale will be the basis for the issuance of the Transfer Certificate of Title (TCT) in case of lot purchase or Condominium Certificate of title (CCT) in case of Condominium unit purchase to be transferred in the name of the buyer which is the final and strongest proof of ownership. 
      As a matter of procedure, the developer or seller requires that the buyer shall submit TIN (Tax Identification Number) because this is required by BIR before any transaction for tax payment is entertained and even in the purchase by installments, TIN has to be submitted in advance in preparation for the time when the installments would reach a level that the tax to the local government is required. Payment of 25% of total contract price is the level in which tax is required to be paid. The developer will pay this in a form of withholding tax but needs buyer's TIN.  The buyer’s  licensed broker, through his licensed agent should be able to secure this TIN at the local BIR office by submitting a copy of the CONTRACT TO SELL.
   As a buyer of Philippine property, it is very important that your licensed real estate broker through his/her licensed agents, is knowledgeable about this very important process of documentation so he can guide you through the process. This is very important even in cases wherein the developer does everything of the paper works and simply charge processing fees because there are employees of developers who are not efficient enough to go through these processes and will heed to constant and effective follow ups of a knowledgeable licensed real estate broker.
Author: Engr. Manuel Jr. Arengo 
Licensed Real Estate Broker No. 007808
 

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