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+63 915 750 7037

Cebu City

Pajac 6015

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24/7

FAQs

All you need to know

faqsWhy Homesincebu?
We know exactly what it is like to hunt for property and how frustrating it can be, especially when you want information and no one seems to be there to ask. We are here to help and we want you to talk to us, so we make it as easy as possible for you to do that. We are contactable by Facebook for Filipino clients, Whats App for Westerners and WeChat for Asian Clients, as well as email, telephone, SMS and the live chat features and contact forms on our website. If we don’t have your preferred choice of communicating we will get it, just for you and we guarantee an immediate response. Professionalism starts here.

How can I contact you?
You can contact us by e-mailing us at hello@homesincebu.com Please also see our Contact page which has a variety of methods that we can be contacted.

What is the role homesincebu.com?
We are an Online Marketing Agent working with developers and brokers in Cebu. We strive every day to present up to date information about the best properties for sale in Cebu Province. We can assist you in the buying process and happy to meet in person to carry out site viewings or to discuss any aspect of your real estate requirements. Whether you are a real estate agent wanting to obtain the correct information or a buyer looking for a great property our website is designed with you in mind.

Why is your website https?
Like all the big websites in the world we value your security and having an https website means that any data you enter is encrypted and more secure than using an http website.

Are the prices shown still negotiable?
Condo-Hotel, condominium and house and lots sold by the developer are fixed and non-negotiable. Any discount appears in the payment schemes Properties for sale by the owner (FSOB) maybe negotiable depending on the owner’s circumstances.

Can I have my property listed on your website?
Yes you can! Just email us and submit your listing. You have to make sure though that you have the authority to sell the item you are listing (ex. you are the owner or you have a contract with the owner to sell his/her property).

Can Foreigners buy real estate properties in the Philippines?
By law, only Filipinos are allowed by Philippine laws to acquire by purchase, transfer or assignment any lands in the Philippines. However, Foreigners may be able to acquire real estate properties in the Philippines by any of the following:

  • Lease the Property
    You can lease public and private land for 25 years with an automatic renewal for 25 years and a further renewals of 25 years should it be agreed. This is a cheaper alternative, but may make it difficult to justify making any investment in the property and obtaining good return on investment. However, it is ideal for those thinking of retiring here. Unlike many countries like Indonesia or Thailand for example, a lease on property for a foreigner is a very easy and straightforward to do in the Philippines. It is the easiest, least time-consuming, and safest way for a foreigner to purchase small areas of land and it can be done directly with the owner.
  • Through a Filipino Trustee or wife
    Have a Filipino, that you trust implicitly so you can put the title or ownership of property in his /her name. This is the most common way for small-scale investors to buy property here.
  • Purchase land as a Balikbayan
    The Government of the Philippines has recently passed the Dual Citizenship Act which gives all former Filipinos the right to purchase land within the Philippines.
  • Buy A Condominium Unit
    Foreign nationals cannot own land, however The Condominium Act of the Philippines, R.A. 4726, expressly allows foreigners to acquire condominium units and shares in condominium corporations up to not more than 40% of the total and outstanding capital stock of a Filipino owned or controlled condominium corporation.
  • Form a Corporation
    You can form a corporation with Filipino partners with the allocation of 40% foreign – 60% Filipino. This is the most iron-clad form of property ownership for foreign investors, and definitely the preferred form of property ownership for those thinking of establishing a resort, or tourism facility. In fact, the majority of existing resorts and businesses owned by foreigners are using this form of ownership.
  • Inherit the land if your Spouse dies
    This simply means, when your Filipino spouse dies, you as the compulsory heir, together with your children if you have any, will become the legal owners of her property.

Is it safe for foreigners to buy land in the Philippines?
Yes, the Central Registration of documents ensures that you can buy with complete confidence. We can provide certified copies of documents evidencing title to and/or rightful possession over properties.

Can I form my own Land Holding Corporation?
Yes, provided that the foreigner shall own a maximum of 40% and give away the other 60% to Filipino incorporators.

When I buy a beach property, how much of the beach lot do I own?
The shoreline of the whole Philippines belongs to the government. When you buy a piece of beachfront lot you have to obtain a Foreshore Lease from the Philippine government which shall award you possession and control of the beach from the High Tide to the Low Tide mark as lessee thereof. This law was promulgated to prevent squatters living on beaches within the Philippines, and to protect the environment. No development is allowed on any beach closer than 30 m to the high tide mark.

What is Best a House or a Condo?

  • Location
    Condominiums are located in prime locations – in business districts, near shopping malls, churches, marketplaces, restaurants, schools and in where there are major routes public transportation. This would surely offer convenience and cost effectiveness.
  • Space
    It is evident that a house has bigger space, you can do more with your property. On the other hand, when you own a condo unit, you have to settle with maximizing your space and you share common areas with other unit owners.
  • Maintenance, repairs and renovation
    Due it’s limited space, a condo has lesser expense on the maintenance, repairs and renovation. Most often you would need to get permission from the management before you proceed. For house and lot, cost of maintenance is high, specially if have bigger area where you have to hire gardener and house help to do the chores. But the good thing is that you have full control of your property, allowing you the freedom of what to do with it as you wish.
  • Price
    Houses are priced at higher range than condo, considering it’s land component. Lower-range condominiums are often within the budget of first-time buyers and start-up families. Although you may also find houses similar to the price of a condo, but location will probably be in the suburbs and maybe not in as desirable neighborhood.

 

If you have a question that is not answered above then please send us a message and we will endeavour to answer it for you.

You will also find more information in our blog