SAM LAO REALTALK
SAM LAO REALTALK
“What’s the Difference Between a Contract to Sell and a Deed of Sale?”
In real estate, many buyers and sellers ask:
“Are Contract to Sell and Deed of Sale the same?”
The answer is no — and knowing the difference is very important.
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1. CONTRACT TO SELL
A Contract to Sell is a conditional agreement.
It means the seller agrees to sell the property once the buyer completes certain conditions — usually full payment.
Until the conditions are met, ownership remains with the seller.
Commonly used when payments are made in installments or when financing is still being arranged.
Think of it as a promise to sell.
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2. DEED OF SALE (Absolute Sale)
A Deed of Sale is the final legal document used when the property is fully paid.
It signifies the actual transfer of ownership from seller to buyer.
Once notarized, this document is submitted to the Registry of Deeds to process the title transfer.
Think of it as the actual sale and ownership handover.
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Summary:
A Contract to Sell is a promise, while a Deed of Sale is the completion.
Make sure you know which stage you're in when buying or selling a property.
For more information or real estate guidance, contact:
Samuel O. Lao, REBL 1368
Mobile / Viber / WhatsApp: 09173236123
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Disclaimer: This explainer is for general information purposes only and does not constitute legal advice. Always consult a licensed broker or legal expert for your specific case.
