What do you need to know about selling a house?

The seller and real estate agent will discuss and agree on the terms of the sale, the professional fee or the commission. At this stage, the broker must also scrutinize the existing documents of the owner in order to check the status of the property.

When do you sign a deed of absolute sale?

The Property Owner must also secure the following: Once the price is fully paid, a Deed of Absolute Sale will be signed whereby the seller relinquishes or transfers ownership of the property to the buyer. When signed by both parties, the buyer is considered to be the absolute owner of the property.

Which is the last step in the sale of a property?

Considered to be the last step since transfer of ownership rights includes the transfer of the obligation to pay property taxes. Once a new tax declaration has been released under the name of the new owner, the full obligation of the former owner is terminated.

How to sell real estate in the Philippines?

The selling process of real estate property in the Philippines could be a nightmare at first glance. Considering the voluminous paper work required from owners and the numerous trips to government offices you would have endure, it could be intimidating.

What are the most frequently asked questions when selling a home?

The top frequently asked questions from home sellers begin to accumulate before even starting the home selling process. If you’re going to be selling your home, it’s suggested you are prepared and have a strong understanding of the process. Many times the best way to understand the process and be well-prepared is by asking questions.

How to interview a realtor when selling a home?

The importance of knowing how to interview a Realtor when selling a home certainly cannot be overlooked. A top Realtor should be able to reduce the amount of questions a home seller will have when selling a home because they will address many of these frequently asked questions before they become a question.

How long does it take for a house to sell on the market?

Right now, nationally, houses spend around 100 days on the market before they sell, although the time varies wildly based on area and price. So, price competitively and make sure that you and your Realtor are getting the place in front of as many eyeballs as possible.

What are the best questions to ask a real estate agent?

You want to find out if you will be working with one specific real estate agent or a member of the agent’s team. Each scenario has pros and cons for sellers, so ask lots of questions. Different agents work with clients in different ways.