How to successfully sell your property in the Philippines

SELLING a property in the Philippines can be a rewarding yet challenging process, especially if you’re looking for the best value and a seamless transaction. Whether you’re based locally or overseas, the key to a successful sale lies in preparation, marketing, and working with the right professionals. Here’s a step-by-step guide in selling your Philippine property.

1. Understand the market

• Research current property prices in your area to set a competitive price.
• Identify peak seasons when buyers are more active, such as during the holiday season or before school starts.
• Consider hiring a real estate agent with local expertise to provide insights on market trends.

2. Prepare your property for sale

• Conduct minor repairs and maintenance to enhance property appeal.
• Declutter and stage the home to make it more attractive to buyers.
• Secure necessary documents such as the title, tax declaration, and official receipts for utility payments.

3. Set the right price

• Get a professional property appraisal to determine a fair market value.
• Avoid overpricing, which can deter buyers, or underpricing, which can lead to losses.
• Be open to negotiations while ensuring you don’t compromise too much on value.

4. Market your property effectively

• Utilize online platforms such as real estate websites, Facebook Marketplace, and property listing sites.
• Take high-quality photos and create a compelling property description.
• Consider paid advertisements or social media promotions to reach a wider audience.

5. Work with a trusted Real Estate Broker

• A licensed broker can handle inquiries, negotiations, and legal documentation.
• Brokers have access to a wider network of potential buyers, expediting the sale process.
• Ensure you work with someone reputable by checking their PRC license and client reviews.

6. Be ready for legal and financial matters

• Ensure your title is clean and free from encumbrances or disputes.
• Be aware of taxes and fees involved, such as capital gains tax, documentary stamp tax, and broker’s commission.
• If selling remotely, provide an authorized representative with a Special Power of Attorney (SPA) to handle the transaction on your behalf.

7. Negotiate and close the deal

• Be responsive to inquiries and flexible with viewing schedules.
• Prepare the deed of sale and other necessary paperwork for a smooth closing.

SAB Realty specializes in connecting property sellers with the right buyers, offering comprehensive real estate services for both local and overseas clients. With extensive experience in the Philippine real estate market, Sab Realty provides expert guidance in pricing, marketing, and legal compliance to ensure a smooth and successful transaction. Whether you are looking to sell a family home, a commercial property, or an investment asset, Sab Realty is committed to delivering professional and personalized service.

At SAB Realty, we provide expert guidance to help you make informed decisions. Whether you’re buying a family home, diversifying your portfolio, or preparing for retirement, we’ll help you every step of the way.

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The opinions, beliefs and viewpoints expressed by the author do not necessarily reflect the opinions, beliefs and viewpoints of Asian Journal, its management, editorial board and staff.

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Sharon Ann Bathan-San Pedro, a licensed real estate broker in the Philippines for ten years, is also a proud member of the National Association of Realtors (NAR) in America. For inquiries, questions, or if you’re interested in buying or selling a property, feel free to reach out:
• Email: [email protected]
• PH Contact (Viber/WhatsApp): +63 917-823-7796
• USA Contact (Viber): +1 (951) 367-6840.