CONTRACT TO SELL REAL PROPERTY
KNOW ALL MEN BY THESE PRESENTS:
This CONTRACT TO SELL is made, executed and entered into by:
_____________, of legal age, married to ______________, Filipino, and with residence
and postal address at _______________________, Zamboanga del Sur, hereinafter
referred to as the “SELLER/VENDOR”;
- AND -
_______________, of legal age, single, Filipino and with residence and postal address at
_____________________, Zamboanga del Sur, hereinafter referred to as the
‘’BUYER/VENDEE”.
WITNESSETH;
WHEREAS, the SELLER is the registered owner of a residential house and lot located at
______________________, Zamboanga del Norte, and covered by Transfer Certificate of Title
No. _________ containing the total area of ONE HUNDRED FORTY (140) SQUARE
METERS, more or less, and more particularly described as follows:
TRANSFER CERTIFICATE OF TITLE NO. ________
“… North along line 3-4 by Lot 13, Block 1, on the East along line 4-1 by road
Lot 3, 8.00 m. wide, on the South along line 1-2 …
WHEREAS the VENDOR has agreed to SELL the above-described residential lot to the
VENDEE, and the VENDEE agreed, as it is hereby agreed, to BUY the said house and lot.
WHEREAS, the Buyer would like to avail the said property through PAG-IBIG HOUSING
LOAN and the Seller is willing to grant such request.
NOW, THEREFORE, FOR AND IN CONSIDERATION of the foregoing premises and of
the following mutual covenants, undertaking, obligations, terms and conditions, the parties
hereto have agreed, as follows:
1. PURCHASE PRICE- The VENDEE agrees to pay the amount of ONE MILLION
THREE HUNDRED THOUSAND PESOS (Php 1,300,000.00) Philippine Currency,
which shall be paid upon the release of Vendee’s loan from PAG-IBIG;
2. TRANSFER OF TITLE- For the purpose of the loan, the VENDOR shall allow the
transfer of the Title in the name of the VENDEE, but only after the issuance of Letter
of Guarantee from PAG-IBIG;
3. That the vendee assumes all the responsibilities for the payment of amortizations to
the Home Development Mutual Fund (PAG-IBIG FUND); and
4. This contract shall be binding upon the heirs, successors, executors, administrators
and assigns of the respective parties hereto.
IN WITHNESS, WHEREOF, the PARTIES have hereunto affixed their signatures on this
___th day of _________________ at ____________________.
The BUYER/VENDEE shall apply for a house and lot purchase loan
with PAG-IBIG in the amount of THREE MILLION NINE
HUNDRED THOUSAND PHILIPPINE PESOS (PHP3,900,000.00) to
pay the SELLER/VENDOR for the the house and lot. The
proceeds/check of the PAG-IBIG loan shall be paid to and in the name
of SELLER/VENDOR;
2. For purposes of the loan, the SELLER/VENDOR shall allow the
transfer of the title in the name of the BUYER/VENDEE, but only
after the issuance of a letter of guarantee from PAG-IBIG;
3. The capital gains tax and notarial fees shall be to the account of the
SELLER/VENDOR, while the transfer tax and documentary stamp
1 Through a Special Power of Attorney dated May 12, 2016, notarized by ELLA KARINA R.
MITRA, Vice-Consul of the Philippines at Seoul, South Korea and entered as Notarial Registry
Doc. No. 652, Page No. 210, Series of 201
tax shall be to the account of the BUYER/VENDEE.
This Contract shall be binding upon the heirs, successors, executors,
administrators and assigns of the respective parties hereto.
IN WITNESS WHEREOF, the parties have hereunto set their hands at
the place and date first above written
The BUYER/VENDEE shall apply for a house and lot purchase loan
with PAG-IBIG in the amount of THREE MILLION NINE
HUNDRED THOUSAND PHILIPPINE PESOS (PHP3,900,000.00) to
pay the SELLER/VENDOR for the the house and lot. The
proceeds/check of the PAG-IBIG loan shall be paid to and in the name
of SELLER/VENDOR;
2. For purposes of the loan, the SELLER/VENDOR shall allow the
transfer of the title in the name of the BUYER/VENDEE, but only
after the issuance of a letter of guarantee from PAG-IBIG;
3. The capital gains tax and notarial fees shall be to the account of the
SELLER/VENDOR, while the transfer tax and documentary stamp
1 Through a Special Power of Attorney dated May 12, 2016, notarized by ELLA KARINA R.
MITRA, Vice-Consul of the Philippines at Seoul, South Korea and entered as Notarial Registry
Doc. No. 652, Page No. 210, Series of 2016.
tax shall be to the account of the BUYER/VENDEE.
This Contract shall be binding upon the heirs, successors, executors,
administrators and assigns of the respective parties hereto.
IN WITNESS WHEREOF, the parties have hereunto set their hands at
the place and date first above writte
Seller Buyer
TIN:_______________ TIN:_______________
WITH MARITAL CONSENT:
Name of Seller’s Spouse
TIN:__________________
SIGNED IN THE PRESENCE OF:
_______________________ _________________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES )
Pagadian City ) SS.
BEFORE ME, a Notary Public for and in the City of Pagadian, this __________________,
personally appeared ______________ exhibiting to me his_________ issued on
________________ and set to expire on _____________, and _____________ exhibiting to me
her _____________ issued on _____________ and set to expire on ________________ as their
competent evidence of identity bearing their photograph and signatures, who are known to me
and to me known to be the same persons who executed the foregoing instrument and
acknowledged to me that the same is their own free act and voluntary act and deed.
This instrument, consisting of (3) pages, including the page on which this acknowledgment is
written, has been signed on the left margin of each and every page hereof by the concerned
parties and their witnesses, and sealed with my notarial seal.
WITNESS MY HAND AND SEAL, at the place and date above-written.
Doc. No. _____
Page No._____
Book No._____
Series of 2020
ACKNOWLEDGMENT RECEIPT OF MONEY
Date: __________________
RECEIVED from ----------- the amount of FIVE HUNDRED THOUSAND PESOS (Php
500,000.00), Philippine Currency, as partial payment for the purchase of the HOUSE AND LOT,
amounting to One Million Seven Hundred Thousand Pesos (Php 1,700,000.00), located at
___________________________, Zamboanga del Sur, containing an area of One Hundred Forty
(140) square meters, more or less, covered by TRANSFER CERTIFICATE OF TITLE NO.
__________
The total agreed amount of the house and lot is Php 1,00,000.00 less 500,000.00 for the
down payment and 6________for the outstanding mortgage debt from PAG-IBIG, then the
Buyer is now liable to pay the Seller in the amount of PHP _____________, which is to be paid
through PAG-IBIG Housing Loan.
Seller Buyer
Name of Seller’s Spouse
