To sell agricultural land in the Philippines, you must first verify the land's classification and secure

necessary documents like the land title and tax declarations. Clearance from the Department of Agrarian
Reform is essential to ensure the land adheres to agricultural standards.

Selling property in the Philippines in 7 steps

The procedure in selling property in the Philippines differs from other countries. To successfully sell your
property in the Philippines, follow these steps:

Step 1: Preparation of legal documents

Start by gathering all necessary documents, including the property title, tax declarations, and clearance.
Ensure all details are accurate and up-to-date.

Step 2: Property assessment

Have a real estate agent or professional appraiser assess your property to determine its current market
value, considering factors like location, condition, and recent market trends. This is an essential step in
selling property in the Philippines, as you want to receive the best price for your property.

Step 3: Engaging a real estate agent

Hiring a real estate agent can streamline the process if you’re not well-versed in local real estate
transactions. The agent will market the property, communicate with potential buyers, and arrange
viewings. Foreigners who don’t know how to sell property in the Philippines benefit from working with
an agent.

Step 4: Marketing and property viewings

Your real estate agent in the Philippines will handle the marketing and property viewings, ensuring the
property is presentable and accommodating property viewings for potential buyers.

Step 5: Receiving a Letter of Intent

Once a buyer is interested, they’ll submit a Letter of Intent. Review it carefully, possibly with a legal
advisor, before accepting.

Step 6: Finalizing the sale

Prepare the Deed of Absolute Sale and other closing documents. Both parties will sign, and the buyer
will settle the payment according to the payment schedule.

Step 7: Transferring ownership

After the sale, transfer the property ownership to the buyer. This process involves registering the sale
with the local government, paying necessary taxes, and obtaining new property titles and tax
declarations. Ensure to collect these documents after the property sale:

 Letter of Intent from the buyer (includes the price, payment schedule, earnest money, and terms
and conditions).

 Contract to Sell.
  Deed of Absolute Sale.

 Endorsement Letter.

 Certificate Authorizing Registration.

The letter of intent is a straightforward document necessary in minimizing miscommunications as you

enter into discussions with a real estate broker. RE/MAX Gold can help you sort out the technicalities in
real estate investing while providing the best property deals in your preferred location.

Parties

These are the entities involved in the agreement. In referring to the involved parties, you should indicate
the following details:

1. Name of seller and buyer

2. Address and contact information of both parties

3. Other authorized parties, such as an assigned real estate broker

Property

This information details the real estate asset’s full address, descriptions of the structure’s boundaries as
well as existing fixtures and attachments.

Offer

The offer is the conditional amount you are willing to provide to acquire the property, which becomes
legally binding if accepted. The details of the offer should include the following:

1. Price

2. Initial deposit amount

3. Mode and terms of payment

4. Period of due diligence, where the buyer evaluates the company’s track record

5. Deadline for the seller to agree to the terms

The main difference between a contract to sell vs deed of sale is that a contract to sell is a preliminary
agreement that sets out the terms of the sale, while a deed of sale represents the final transfer of
ownership.
A Contract to Sell is an agreement between the seller and buyer for the seller to sell property to the
buyer; and the buyer to buy said property. In a Contract to Sell, the seller can sell the property on an as-
is basis (i.e. with no warranties) or with warranties to encourage the buyer to buy