Steps to sell a house in Tarlac province, the Philippines
Property owners can follow the eight steps below to sell property in Tarlac province to ensure a smooth sales process and a successful real estate sales transaction.
Step 1: Selecting a real estate agent in Tarlac
Property owners are allowed to sell their houses and lots in the Philippines without a real estate agent. However, it might be wise to sell property in Tarlac with the help of an agent. Real estate agents understand the local real estate market in Tarlac, know how to evaluate homes and get the best price, give potential property buyers a house tour, and ensure all the paperwork is done right. This means they save you time and earn you more money, as they can sell your home for a higher price.
Finding the best real estate agent in Tarlac can be challenging. Choosing a real estate agent in your city or town may not be necessary, as many agents operate in the whole Tarlac province. Whether you want to sell property in Tarlac City, Capas, Concepcion, La Paz, Paniqui, San Miguel, Victoria, or Gerona, ensure the real estate agent is reliable and can visit your house before starting the sale.
Step 2: Issuing an Authority to Sell to the agent
The Authority to Sell is a document that gives the Tarlac real estate agent the right to sell your property. The agreement outlines the selling price, agent’s commission, and contract duration. Ensure you sign the Authority to Sell before listing your property in Tarlac.
Step 3: Determining your property’s market value
In the Philippines, property owners can sell their houses and lots without a real estate agent. Usually, real estate agents will perform a house valuation. After sharing their thoughts, they will set a market price based on the house valuation, property market trends in Tarlac, and prices of other properties in Tarlac, ensuring you receive the highest price for your house or lot.
Step 4: Preparing to sell property in Tarlac
Now it’s time to prepare to sell your property in Tarlac. This involves addressing repairs and minor cosmetic improvements to ensure a compelling first impression. When preparing your property for sale, think about landscaping, painting the house, ensuring all fixtures are working, cleaning the property, and ensuring every room has a pleasant aroma. Additionally, decluttering, repainting in neutral tones, and considering professional staging can help showcase your property’s best features. A well-presented property generates more interest and significantly enhances its perceived value.
Step 5: Offer the property for sale
Once the preparations are over, it’s time to put the Tarlac property on sale. Property owners can sell and market their property using platforms that offer real estate listings in Tarlac. To sell your property online, create an attractive listing by setting the right price, taking appealing photos, and including engaging descriptions to attract more potential buyers in Tarlac.
Step 6: Negotiating the offers
Property buyers will directly make an offer to you or through your real estate agent. It is essential to consider all the offers before making a decision. You or your agent can also perform a background check on the buyer to prove its credibility and solvency. Doing this will ensure a smooth property sales process.
Step 7: Signing the Deed of Sale
Once you’ve accepted an offer, you must sign the Deed of Sale. This legal agreement transfers the ownership of the property from the seller to the buyer. The Deed of Sale is signed in the presence of a public notary in Tarlac. It’s important to prepare all the necessary documents before signing the sales agreement to ensure a smooth and quick selling process.
Step 8: Land title transfer
The last step in selling property in Tarlac province is transferring the land title to the new owner. Both the seller and the buyer may be responsible for paying various property taxes. For the seller, these taxes might include the Capital Gains Tax (CGT), Documentary Stamp Tax (DST), and other fees. Once the land title is transferred, the buyer has officially become the property’s new owner.
Sell your property in Tarlac with Own Property Abroad
With Own Property Abroad, you can easily and quickly sell your property in Tarlac. Our team ensures that your property reaches the right buyers, whether they are searching in Tarlac City, Capas, Concepcion, La Paz, Paniqui, San Miguel, Victoria, Gerona, or other regions in Tarlac.
For further information or assistance selling a house or land in Tarlac province, the Philippines, kindly drop your details below or email us at [email protected]. Our real estate agent will contact you soon to help you.
Frequently Asked Questions (FAQs)
How to find a real estate agent in Tarlac?
You can find a real estate agent in Tarlac by researching local agents online and checking their reviews. Ensure the agent is licensed and has experience in the Tarlac real estate market.
What are the best real estate agencies in Tarlac?
Property owners looking for the best real estate agencies in Tarlac can list their property on our real estate listings platform. On this platform, property owners can directly put their property for sale in Tarlac and find potential property buyers in Tarlac.
What should you know before selling property in Tarlac?
Before selling property in Tarlac, it’s essential to understand the real estate market in Tarlac, get a professional property valuation, and prepare your property for sale by making necessary repairs and improvements. Consider hiring a reputable real estate agent to guide you through the process and handle all legal paperwork.
What are the best places to sell property in Tarlac?
The best places to sell property in Tarlac include Tarlac City, Capas, and Concepcion due to their high demand and growing development. Other notable areas are Paniqui, La Paz, and Victoria, which also offer excellent opportunities for property sellers.
How much are the Tarlac property prices?
In 2024, Tarlac property prices have an average of ₱ 2.81 million ($47,624), increasing by 1.9% over the last year. The average price per square meter for a house in Tarlac is ₱ 3,794 ($64.31) per sqm.
Can foreigners sell their houses in Tarlac?
Yes, foreigners can sell their houses in Tarlac. However, they must comply with Philippine laws, including ensuring the property is titled correctly and that all taxes are paid.
