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1. I live and work abroad, how can I acquire or purchase real estate property in the Philippines?
You may send a representative to transact in your behalf. All pertaining documents e.g. land title, deed of sale, contract to sell, etc... will be under your name.
2. I am no longer a Filipino citizen, can I still purchase a real estate property in the Philippines?
Yes, you can still purchase a real estate property in the Philippines. You just have to execute an affidavit of former Filipino citizenship. Forms will be provided.
3. Do you give discount if I pay the property in cash?
Yes, discount is available for spot down or spot cash buyers. Discount rate varies, please contact us for more details.
4. How to purchase?
a) See or send a representative to see the property in your behalf. Vehicle is available for this purpose, please coordinate with us for the schedule.
b) Reserve the property. This can be done thru a representative if principal buyer is not available. Reservation fees are as follows:
| Total Contract Price (Php) |
Reservation Fee (Php) |
| Less than 3 Million
|
20,000
|
| 3 Million and above but below 5 Million
|
40,000
|
| 5 Million and above
|
50,000
|
Official receipt (OR) will be issued reflecting block and lot number of the reserved property. Schedule of next payment (down payment and monthly amortizations) will be issued upon reservation.
d) Submit the required documents within 30 days after reservation date. Some documents may be scanned and sent thru email attachment.
5. What are the required documents?
a) Required Documents for Spot Cash Birth Certificate or Marriage Contract Community Tax Certificate (Cedula) / Photocopy of Passport (all pages w/ entries) 2 pcs. 2" x 2" id pictures (husband and wife)
b) Required Documents for Deferred Cash (2 years to pay) Birth Certificate or Marriage Contract Community Tax Certificate (Cedula) / Photocopy of Passport (all pages w/ entries) 2 pcs. 2" x 2" id pictures (husband and wife) Proof of Billing Address (Utility bills) Post dated checks
c) Required Documents if with Financing
Overseas Contract Workers (OFW's) Original Certificate of Employment and Compensation w/ Consular Seal Photocopy of Contract of Employment Photocopy of Passport (all pages with entries) Proof of Remittances (latest 6 months) Pay Slips (latest 3 months) Bank Statements (latest 6 months) Birth Certificate or Marriage Contract Community Tax Certificate (Cedula) 2 pcs. 2" x 2" id pictures (husband and wife) Proof of Billing Address (Utility bills) Post dated checks
Locally Employed Photocopy of Income Tax Return (ITR) Original and Notarized Certificate of Employment and Compensation (COEC) Pay Slips (latest 3 months) Bank Statements (latest 6 months) Birth Certificate or Marriage Contract Community Tax Certificate (Cedula) 2 pcs. 2" x 2" id pictures (husband and wife) Proof of Billing Address (Utility bills) Post dated checks
Self-Employed (Business) Photocopy of Business Registration (DTI/SEC) Mayor's Permit ITR for the last 2 years Original Audited Financial Statements for the last 2 years Franchise/OR/CR (for taxi, jeepney, bus operators) PTR (For practicing professionals) Company Profile (if applicable) Picture of Business Establishment Bank Statements (latest 6 months) Birth Certificate or Marriage Contract Community Tax Certificate (Cedula) 2 pcs. 2" x 2" id pictures (husband and wife) Proof of Billing Address (Utility bills) Post dated checks
Note: Other documents may be required on a case to case basis.
6. When can I move in?
a) Spot cash. Move-in can be arranged upon full payment (if the house is already constructed) or upon completion of the unit.
b) Deferred Cash (two years to pay without interest). Move-in can be arranged upon payment of 75% of the price (TCP).
c) In-house Financing. Move-in can be arranged after house completion, full down payment, three monthly amortizations, and submission of required documents including post dated checks.
d) Bank Financing. Move-in can be arranged after full down payment and loan release.
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