Are you considering to sell property in Cebu? In recent years, property prices in Cebu have been rising, making it the perfect time to sell real estate. Whether you want to move to another place or just take advantage of value appreciation, the process of selling property in Cebu is straightforward and easy to follow if you follow the steps explained in this guide.
How to sell my property in Cebu?
Cebu is a province with many desirable locations where people are eager to buy property. The real estate market in Cebu is thriving, from urban centers such as Cebu City and Banilad to pristine beaches on Mactan Island and Lapu-Lapu. The following steps will guide you on how to sell your property in Cebu.
Step 1: Work with a reliable agent in Cebu
Although selling real estate on your own is possible, working with a local real estate agent in Cebu has many advantages. Professional agents understand the current market, have expertise in negotiation, and can manage all necessary paperwork. While a brokerage fee is involved, using a real estate agent can often result in a higher selling price due to their expertise and negotiation skills.
Several reliable real estate agents operate throughout Cebu, especially in major areas like Cebu City and Lapu-Lapu. You can contact us at [email protected] or submit your details below for assistance from our reliable real estate agent in Cebu.
Step 2: Issue an Authority to Sell
The next step is to grant an Authority to Sell to the real estate agent. This legal document allows the agent to represent and sell the property on your behalf. It should outline key details such as brokerage fees and the terms of the agreement, ensuring a clear and straightforward sales process.
Step 3: Market your house or land in Cebu
After your agent evaluates your property, takes photographs, and assesses its market value, it’s time to list it for sale. Cebu’s real estate market attracts a diverse audience, from local residents to international investors, particularly in dynamic areas like Cebu City and the IT Park. Your agent will use effective marketing strategies to expose your property to a broad audience.
Own Property Abroad provides a listing platform that allows property owners, agents, and developers to reach a global audience of potential buyers. Our platform is well-known for its user-friendly interface, making listing and selling your property in Cebu easier than ever. If you want to list your property in Cebu, simply click here to create an account.
Step 4: Arrange property viewings
If your property’s marketing is done right, several potential buyers will inquire about it. You or the real estate agent will organize viewings, allowing interested parties to explore your property firsthand. It’s important to present your home in the best possible light, which your agent can assist you with.
Step 5: Review offers from potential buyers
Interested buyers will submit their offers on your property through your agent. Take the time to consider each proposal carefully. Once you select an offer, the process of finalizing the sale begins, with your agent guiding you through the necessary paperwork.
Step 6: Sign the Deed of Sale
The next step involves signing the Deed of Sale, a legal document officially transferring the property’s ownership from you to the buyer. This is typically conducted in the presence of a lawyer or notary in Cebu, whom you or your agent can appoint.
Step 7: Transfer the land title
The final step in the sale process is transferring the land title to ensure the buyer is recognized as the new legal owner of the property. This step might involve certain property taxes, such as Capital Gains Tax, Documentary Stamp Tax, and transfer fees, all of which your real estate agent can help you navigate.
Sell property in Cebu with Own Property Abroad
Anyone can sell their property in Cebu by following the steps in our guide. However, it is best to work with a real estate agent in Cebu. Own Property Abroad can assist you with selling property in Cebu by connecting you to a reliable real estate agent who will streamline and optimize the sale of your property.
To sell your property in Cebu, please provide your contact details below or email us at [email protected]. Our team will contact you to assist you through every step of the selling process.
Frequently Asked Questions (FAQs)
Where do I sell my property in Cebu, Philippines?
To sell your property in Cebu, Philippines, you can list it through local real estate agencies, online property listing websites, or platforms specializing in Philippine real estate. Popular sites to sell property in Cebu include Own Property Abroad, Lamudi, Dot Property, and Property24.
What is the best site for selling a house or land in Cebu?
The best site for selling a house or land in Cebu would be an online real estate platform that is user-friendly, affordable, and has a strong presence, such as Own Property Abroad, Lamudi, Dot Property, or Property24. These platforms offer extensive reach and are frequented by potential buyers actively searching for properties in Cebu and other regions of the Philippines.
Does the buyer or the seller pay notary fees in the Philippines?
In the Philippines, notary fees are typically paid by the buyer. The buyer usually pays for notarizing documents necessary to transfer property ownership, such as the Deed of Sale. This is part of the closing costs that the buyer needs to settle to finalize the purchase.
Can I sell my house in Cebu without a real estate agent?
Yes, you can sell your house in Cebu without a real estate agent. Selling a property independently can save you from paying brokerage fees and allows direct negotiation with potential buyers. However, this approach requires handling all marketing, negotiations, legalities, and paperwork on your own, which can be challenging without the expertise of a real estate professional.
