How does deed of sale work?

**sphinxz** · December 2nd, 2016 12:19 AM

1% of the purchase cost is the usual notarization fee. As for the DoS, most of the shops offering photocopy and notarial services have templates for this. All you need is to print, fill them out, and sign.

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**aizon** · December 2nd, 2016 12:15 PM

Originally Posted by red_one

Ang binayad ko dati nasa P900+. Pero kasi yung notarization fee depends sa price ng car na nakalagay sa deed of sale. May fixed amount muna up to a certain value, then add P100+ per P100k. Di ko na tanda yung actual value. Pasensya na.

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thank you po..

**aizon** · December 2nd, 2016 02:00 PM

Originally Posted by sphinxz

1% of the purchase cost is the usual notarization fee. As for the DoS, most of the shops offering photocopy and notarial services have templates for this. All you need is to print, fill them out, and sign.

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sureball yun boss? mura lang naman bibilin ko.. sana nga 1% lang..

**sphinxz** · December 2nd, 2016 02:38 PM

Usual lang sir. Ballpark figure. Though by experience yung sakin is less than 1%. More of around .1%

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**mle61** · January 13th, 2017 05:40 PM

Question guys, I already sold my car with complete and clean papers. Now the buyer wants to sell that car as well but is asking a favor if I can make an open deed of sale, which I think means I'm still the recognized seller, since they have not registered the car under their name and I'm still the recognized owner. I think it makes it faster for them given that they do not need to register the car anymore. I would say no to this because there's a lot of things that can go wrong there, but I don't want to totally close the door and I'd like to hear your opinion or if you have experienced a similar situation. Thanks!

**confused shoes** · January 13th, 2017 05:56 PM

Originally Posted by mle61

Question guys, I already sold my car with complete and clean papers. Now the buyer wants to sell that car as well but is asking a favor if I can make an open deed of sale, which I think means I'm still the recognized seller, since they have not registered the car under their name and I'm still the recognized owner. I think it makes it faster for them given that they do not need to register the car anymore. I would say no to this because there's a lot of things that can go wrong there, but I don't want to totally close the door and I'd like to hear your opinion or if you have experienced a similar situation. Thanks!

Your buyer can sell it with your deed of sale. Your buyer can make another deed of sale and the next buyer can transfer ownership by using the two documents.

Making an open deed of sale will only complicate the process as you have to cancel the original deed of sale. Worst is, there might have been an issue with the car and they want to get away with it. Be careful.

**lowslowbenz** · January 13th, 2017 06:12 PM

^

Why execute another one? It does not add up. Your previous document is still valid.

**mle61** · January 18th, 2017 04:00 PM

Originally Posted by lowslowbenz

^

Why execute another one? It does not add up. Your previous document is still valid.

Yeah, reason given was so that they don't register the car under their name anymore when they sell it to another buyer. Kumbaga pinasa sa akin ang hassle to create another deed of sale, haha... and yes, what if may issue doon sa kotse, ako pa mananagot since ako yung recognized owner before the new buyer. still, i'd like to hear all points of view

**jodski** · January 18th, 2017 05:24 PM

No need for an open deed of sale for you... sila na ang dapat mag ayus nyan.

The reason that they gave you is not valid... maayos mo naman binigay yung papers so bakit iistirbohin ka pa?

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**JJB** · January 18th, 2017 06:10 PM

Did you give them a deed of sale when they first bought the car? And what kind of deed of sale, open or direct kind?

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