Cebu Real Estate Information

Comprehensive information for empowerment of property buyers, sellers, and salespersons

Cebu Properties


88 Summer Breeze

Acacia Drive

Courtyards of Pasadena

Michael James

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

Greenwoods Executive Village

Marga  2BR Riverfront

North Belleza Talamban


88 Hillside Mandaue City

Aduna Beach Villas

Amoa Subdivision

Anami Homes Jugan

Aspen Heights  (Lot only)

Aspen Heights Fiona H&L rfo

Aspen Heights Aurora H&L rfo

Casa Cerro Compostela

Casili Residences

Crown Heights (Lot only)

El Montegrande 200 sqm Lot

El Monteverde de Cebu

Elizabeth View Homes

Garden Bloom Villas

Greenville Heights

Lunah 2-storey 4BR

Mandaue Lot 7,825 sqm

Northfield Residences

Redwood Subdivision

Richwood Homes

Summerhills (Lot only sale)

The Heritage (Lot only)

Villa Melissa Liloan

Virtacci Hills

Vista Verde Residential Estates

Yanessa Country Homes   


Acasys Homes


Bali Residences

Blessed Sacrament

City Homes Mactan

CKL Homes

Collinwood Subdivision

Discovery Bay Resort

La Aldea del Mar

Pacific Grande 2

Park Place Twin Homes


Summerville Cordova

Sunberry Homes

Teakwood Subdivision

Villas Magallanes (Lot only)


88 Brookside Talisay SRP

4BR H&L overlooking sea

Baywalk Talisay

Beachfront house Talisay

City Homes Minglanilla

Malibu Residence

San Fernando 2.5 hec

South Covina

The Villagio

Velmiro Heights

Villa Donna Talisay

Vista Grande Overlooking  



Amisa Condo

Apple One Banawa

Arterra Residences 

Atelier Residences

Avalon Condo Ayala

Avida Towers

Azalea Place

Bamboo Bay

Bayanihan Flats

Bloq Residences Mandaue

Diamond Suites & Res

Eagles Nest

Grand Residences

La Mirada

Marco Polo Residences

Myvan Cityscape

Myvan Cityscape 2

Myvan Grand Tower

One Oasiis

Pacific Grande condo

Penthouse Woodcrest

Saekyung Village One

The Trillium Residences

Vertu Residences

Woodcrest 2BR condo rfo



Casili Mandaue 7,825 sqm

SanFernando 2.5 hec. cheap



2BR apartment for rent in Mandaue

1BR condo for rent in Mandaue 15K 

2BR condo rent in Mandaue 28

IT Park Lahug 1BR condo

Metropolis 4BR house for rent 35K 

Dona Rita Cebu City house rent 7BR

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

                                                                                                                                                                                                                                                           10 November 2009

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