Cebu is the second largest city in the Philippines, with a growing economy that is buoyed by infrastructure construction, exports of furniture, toys, accessories and housewares, accessibility through land, air, and sea transportation, and a good record for peace and order. If you are looking for a place to live in, you can consider purchasing a house and lot for sale in Cebu, Philippines. Here are some tips to consider before you buy a property in Cebu:
If you want to buy a house and lot for sale in Cebu Philippines to be closer to work, you have numerous options to choose from depending on where your office is. Some of the well-known industrial parks in Cebu include West Cebu Industrial Park, Mactan Economic Zone, Asia Town IT Park, and Cebu Light, Industrial Park. Consider transportation costs, access to roads, and nearness to malls, markets, and hospitals to get the best value for your money.
Buying during the pre-selling stage? To enjoy a smoother overall transaction—from choosing a floor plan to the turnover—it is best to deal only with developers that have been proven reputable. Check their previous projects and check the overall quality. You can also evaluate whether they finish the houses on time.
Sort out your funds before you start looking. Finding a suitable place to live incan be very difficult. When you see a property for sale, you must be able to reserve it as soon as possible. Prequalifying for financing will allow you to do this. It can make transactions relatively faster and will make sellers consider you as a serious buyer.
Documents involved when buying a house and lot for sale in Cebu, Philippines include an Offer to Purchase, Reservation Agreement, Contract to Sell, Letter of Guarantee, Deed of Absolute Sale, and the Transfer Certificate of Title or TCT. The TCT is the proof that you possess the property. It indicates all the details of the property and your name as the owner. Ensure the authenticity of the TCT by having it checked with proper government authorities like the Registry of Deeds and Land Registration Authority.
About the Author:
This article is written by Aakanksha Sangtani, working as an International Business Analyst at Housal Inc., is 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.
