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A Few Things to Know Before Buying a House and Lot for Sale in Cebu City, Philippines

Before you buy a house and lot for sale in Cebu City, Philippines or in any other part of the country, it’s important to take a step back and look at the overall picture. Be sure to take note of the following to ensure a stress-free and smooth transaction in acquiring a Cebu property:

Check the authenticity of the Transfer Certificate of Title(TCT)

Because of the booming real estate industry in Cebu, scammers are also rampant. Be vigilant in checking if the Transfer Certificate of Title is genuine. There are a lot of ways to determine whether a TCT is true or fake. The texture should be similar to a bank check, and it should have a watermark of the LRA. If you have a UV light, you should see fluoresce fibers on it. Going to the Land Registration Authority, the Registry of Deeds and other local government institutions concerned with land ownership is still the best way to determine whether the TCT is real or not.

Check if the title is clean

In some cases, a house and lot for sale in Cebu City, Philippines may be muddled by a lot of back-end fees and penalties from financial institutions. You need to know of these problems before proceeding or you will end up paying. Check the annotations on the title to see if there are any encumbrances involved.

Check the details of the title

If you are buying a house and lot for sale in Cebu City, Philippines then it’s important to read the entire title and understand the size and measurement of the plot of land that you will own. This information can be validated by the Registry of Deeds. You should also ask for a professional surveyor to check the actual size of the property and compare it to the technical description stated in the title.

Check the payment of real estate taxes

Real estate taxes are paid to the government every year. Nonpayment will give the government the authority to impose penalties and eventually a lien on the property, which can remove the rights of the owner from the property until all payments are settled.

About the Author:

This article is written by Aakanksha Sangtani, working as an International Business Analyst at Housal Inc., an online platform for real estate, addresses the unfulfilled needs by harnessing technology and bringing all-related solutions under one roof. For buyers, tenants, sellers, brokers, agencies or developers, it encompasses all their answers from property matching, listings, management, analytics and much more. Housal Inc. is the evolution of the real estate process – empowering the real estate industry for the future.

Factors to Consider When You Buy Property for Sale in Cebu

Published Date : May 21, 2018 Buying Tips Community Guide Financing Industry News Property Recommendations Real Estate 101

Cebu is classified as a highly urbanized city located in the region of Visayas. Buying a property for sale in Cebu can be a wise move if you want to be a part of this busy business district. But, you must be prudent when making any investment in Cebu real estate.

Consider these factors to ensure that you are buying a good property for sale in Cebu:

Use online platforms

One of the easiest ways to find a property for sale in Cebu is to use online real estate portals that provide an avenue for buyers, brokers, agencies, and developers to come together and post or browse properties that are available for sale. By using these effective tools, you can readily sort the listings based on the type of property that you want to buy—whether that’s a house and lot, condo unit, a townhouse, a commercial building, a residential building, and even a warehouse or commercial space.

Talk to the agent

Once you find the property that you are interested in, contact the agent that knows the exact location as well as the specifications of the property. Some websites indicate the name and number of the realtor whom you can contact for an easy and smooth transaction.

Compare at least two properties

You should not settle for the first property that you find. It’s always more prudent to compare two or more properties to determine which one truly fits your requirements and is the best value for your money. You must evaluate properties side-by-side to know which of these options will be the right fit for you.

Determine the costs of buying the property

Compute for the monthly amortization based on the interest rate and the loan program that you will secure from the bank or a lending institution. Loan calculators are available online so that you can use to get an idea of the amount that you need to pay each month.

Remember to be vigilant while investing in a property and always have a long term plan. Deciding which property suits your needs and is also a good investment is a long and important process. It is advisable you consult with specialists that have sound knowledge and experience about this industry. Consulting with experienced professionals today will ensure a bright future.

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Points to Keep in Mind When Buying Property for Sale in Cebu Philippines

Published Date : April 2, 2018 Real Estate 101

Apart from its natural resources and thriving tourist destinations, Cebu also boasts of a growing economy. For this reason, a lot of people are looking for properties for sale in Cebu, Philippines. If you are in search of a house or a commercial property here, consider the following factors so you can better assess if you are truly ready to own a real estate asset or if a particular property is the right fit.

Budget and Property Price

Like any real estate buyer, you want to stay within your budget as much as possible and not overspend. That’s why the price of the property for sale in Cebu, Philippines is always a big deciding factor. When setting a realistic price range, keep in mind that you will have to invest a considerable amount of money for renovations or repair particularly if the property is old. Don’t forget that you also have to pay for taxes as required by the government.

Location

The capital of the province, Cebu City, has become a financial district like Makati and BGC in Metro Manila. You can find world-class condominiums here, as well as beautiful homes in gated communities. In case you want to take advantage of Cebu’s booming tourism industry, buying beachfront houses or properties for sale near the tourist destinations in North and South Cebu might be the best way to go. The key to knowing the right location is to list down your preferences and requirements.

Real Estate Agent and Online Listings

An experienced real estate agent can make the negotiations between buyers and property owners or developers smoother. He or she can also ensure that you are protected against fraud sellers. Nevertheless, it is fine to do everything on your own too. Just make sure that the online property listings that you are checking only lists projects of trusted developers.

Investing in Cebu promises a good return on your investment. With constant development and buzzing tourism, Cebu is well on its way to be at par with Metro Manila in terms of economy. Therefore, it is advisable to invest in this buzzing city now to get a good return in the near future.

About the Author:

This article is written by Aakanksha Sangtani, working as an International Business Analyst at Housal Inc., an online platform for real estate, addresses unfulfilled needs by harnessing technology and bringing all-related solutions under one roof. For buyers, tenants, sellers, brokers, agencies or developers, it encompasses all their answers from property matching, listings, management, analytics and much more. Housal Inc. is the evolution of the real estate process – empowering the real estate industry for the future.

Benefits of Selling Your House and Lot in Cebu City, Philippines

Published Date : January 5, 2018 Property Recommendations

The real estate industry in Cebu City is flourishing thanks to the Philippines’ overall economic growth. More townhouses and condominiums are rising as the city joins the rank of Southeast Asia’s major financial hubs. If you are considering of selling your house and lot in Cebu City, then now might be the best time. Here’s why:

Investors are actively looking for properties for sale in Cebu

Cebu’s economy is no doubt thriving, and it’s obvious with all the construction work one can see around. Investors are on the search for properties for sale that they can turn into commercial spaces, multi-family residential developments, etc. Now is the best time to sell if you want to take advantage of the seller’s market.

There is a growth in the number of prospective home buyers

Investors are not the only ones looking for house and lots for sale in Cebu City. Growing families and young professionals are active in the market, too. Those who are looking for a long-term residence in the area because of work or because their kids are studying in a Cebu-based university; often find it more cost-effective to buy than rent a house. Because the city has become ideal for families to live in, you can expect to get more prospective home seekers looking at your property.

Selling your house is faster than ever

All these trends result in faster transactions. Investors are most likely to make an offer because they want to start their building projects right away. You can choose to do all the legwork or hire an agent; the choice is yours. It is somehow easier to sell your home these days because of online property listings. The most reliable online real estate platforms in the country allow both real estate agents and property owners to submit a listing or advertise for free.

With just a little planning, you can sell your house and lot in Cebu City for a good profit and can now check all those bucket list items that you were waiting to do.

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