Buyer's Guide
Buyer's Guide Decide on what you need
First, you need to decide what kind of home you want to have. Do you want to have a traditional house and lot? Do you want a single-level, a two-story, or multi-level house? With that in mind, you also need to figure about your budget. Look at your finances to determine how much of a monthly payment you can afford to pay for. Be sure to assess your income and expenses very well. Take into consideration real estate fees, interest rates, closing costs, and maintenance fees apart from the upfront cost of the property.
Apart from the type and budget, you also need to put a lot of thinking into the location. Location plays a big role in the quality of life that you will have in your home. It is important to choose a place that will provide you with serenity, accessibility, natural surroundings, and of course, security.
First, you need to decide what kind of home you want to have. Do you want to have a traditional house and lot? Do you want a single-level, a two-story, or multi-level house? With that in mind, you also need to figure about your budget. Look at your finances to determine how much of a monthly payment you can afford to pay for. Be sure to assess your income and expenses very well. Take into consideration real estate fees, interest rates, closing costs, and maintenance fees apart from the upfront cost of the property.
Apart from the type and budget, you also need to put a lot of thinking into the location. Location plays a big role in the quality of life that you will have in your home. It is important to choose a place that will provide you with serenity, accessibility, natural surroundings, and of course, security.
Buyer's Simple Guide
1. House Viewing/Tripping Visit your prospected model house personally or schedule it through your agent and representative (relatives or trusted friend). Take note of the house features, design and location as you go through the house viewing/tripping.
We recommend to bring with you your reservation fee, booking of unit is a first come first served basis only.
For site viewing schedule Call Us Now! globe-0926-4695-032/ smart-0949-7939-564
2. Selecting the Best House Location Within the Village Once you have decided to purchase on that particular housing project, ask you agent/representative for the best location within the village. These includes the position of the house (Is it facing east which is a “morning sun” type or west?), the distance from the access roads, etc. Block / lot number and house color are also decided within this point.
3. Mode and Terms of Payment. Now you already have an available unit ready to be reserved. At this point, you will go to the reservation office to reserve that unit. You’ll be given BIS (Buyer’s Information Sheet) and Reservation Agreement Form that needs to be filled out during the reservation process. It is also at this point that you will be asked which financing mode and terms of payment would you want your housing mortgage to be?
We recommend to bring with you your reservation fee, booking of unit is a first come first served basis only.
For site viewing schedule Call Us Now! globe-0926-4695-032/ smart-0949-7939-564
2. Selecting the Best House Location Within the Village Once you have decided to purchase on that particular housing project, ask you agent/representative for the best location within the village. These includes the position of the house (Is it facing east which is a “morning sun” type or west?), the distance from the access roads, etc. Block / lot number and house color are also decided within this point.
3. Mode and Terms of Payment. Now you already have an available unit ready to be reserved. At this point, you will go to the reservation office to reserve that unit. You’ll be given BIS (Buyer’s Information Sheet) and Reservation Agreement Form that needs to be filled out during the reservation process. It is also at this point that you will be asked which financing mode and terms of payment would you want your housing mortgage to be?
MODE OF PAYMENTS ACCEPTED
- IN-HOUSE Financing
- Downpayment of 30% of the TOTAL CONTRACT PRICE payable in 24months INSTALLMENT NO INTERESTS.
- Balance of 70% upto 5 to 10 years to pay with Interest
- Downpayment of 30% of the TOTAL CONTRACT PRICE payable in 24months INSTALLMENT NO INTERESTS.
- Bank Financing
- Downpayment of 12.50% of the TOTAL CONTRACT PRICE payable in 15months INSTALLMENT NO INTERESTS.
- Balance of 87.20% of the TOTAL CONTRACT PRICE
- if OFW payable upto 5years to 15 years
- if Locally Employed payable upto 5 years to 20 years
- Cash Deferred Payment – 24 equal monthly installment with NO INTEREST and NO DOWNPAYMENT
- Spot Cash Payment – avail of discount if fully paid within 6 months
- For Pag-ibig Financing: Downpayment 30% to 40%. Individual filing
4. Pay the Reservation Fee Remember, reservation fee is non-refundable in case the you decide to cancel the unit. Only cash, personal check, company check, cashier’s check or manager’s check are accepted as reservation fee. 5. Filling out Important Forms & Contract Signing Once the reservation fee has been paid, you will now have to fill out the following forms & contract which are part of your requirements in purchasing the unit:
CLICK HERE FOR THE COMPLETE LIST OF REQUIREMENTS
If requirements are lacking once the house/unit is constructed and ready to be transferred, We will not allow the Buyer to inspect the house, move-in or transfer unless these requirements (especially the post-dated checks) are submitted.
- Contract to Sell
- Special Power of Attorney (if Buyer is not available)
- Insurance Forms (Mortgage Redemption Insurance aka MRI and Fire Insurance)
- In-house or Bank Loan Application Forms
CLICK HERE FOR THE COMPLETE LIST OF REQUIREMENTS
If requirements are lacking once the house/unit is constructed and ready to be transferred, We will not allow the Buyer to inspect the house, move-in or transfer unless these requirements (especially the post-dated checks) are submitted.
7. Downpayment Period Pay your first Monthly Downpayment 30 – 45 days from the date of reservation
8. Notice for Inspection & House Move-In Once the full downpayment has been paid with complete requirements and depending on financing mode (for BANK & IN-HOUSE Financing) Letter of Guarantee (LOG) of your house loan has been released, you will now receive a Notice for Inspection.
Upon receipt of Notice for Inspection, you’ll have 3 months to inspect the house condition in preparation for your transfer or move in. Sign the House Acceptance form after inspection.
Congratulations! You may now move in to your new home.
9. Electricity & Water Application At this point, you may now apply for MERALCO (3 weeks processing) and water connection (3 days processing) through their local office (on selected projects only). While waiting for electric connection, we will allow you to get electric connection through sub-meter connection within the village.
10. House Improvements Interior and exterior house improvements and expansion will only be allowed once you have transferred/moved in to your new unit.
8. Notice for Inspection & House Move-In Once the full downpayment has been paid with complete requirements and depending on financing mode (for BANK & IN-HOUSE Financing) Letter of Guarantee (LOG) of your house loan has been released, you will now receive a Notice for Inspection.
Upon receipt of Notice for Inspection, you’ll have 3 months to inspect the house condition in preparation for your transfer or move in. Sign the House Acceptance form after inspection.
Congratulations! You may now move in to your new home.
9. Electricity & Water Application At this point, you may now apply for MERALCO (3 weeks processing) and water connection (3 days processing) through their local office (on selected projects only). While waiting for electric connection, we will allow you to get electric connection through sub-meter connection within the village.
10. House Improvements Interior and exterior house improvements and expansion will only be allowed once you have transferred/moved in to your new unit.
For BANK Financing
You can start the move-in process on your 16th month of downpayment period and once bank has approved the loan thru a Letter of Guarantee certification. These two (2) requirements must be present before you’ll be able to move-in. In case your loan is still pending due to unsubmitted requirements needed for loan processing, moving-in on the 16th month will not be allowed.
For IN-HOUSE Financing
On the 16th to 18th Month while paying your downpayment and submission of full requirements (documents & postdated checks). No need for loan take-out.
For Spot Cash Buyers or Spot Full Downpayment
For non-RFO units, House completion and turnover will still follow by Developer’s house completion schedule as shown in the Inventory Sheet. For Ready for Occupancy Units (RFO) with Notice of Completion, Buyers can move-in immediately.
You can start the move-in process on your 16th month of downpayment period and once bank has approved the loan thru a Letter of Guarantee certification. These two (2) requirements must be present before you’ll be able to move-in. In case your loan is still pending due to unsubmitted requirements needed for loan processing, moving-in on the 16th month will not be allowed.
For IN-HOUSE Financing
On the 16th to 18th Month while paying your downpayment and submission of full requirements (documents & postdated checks). No need for loan take-out.
For Spot Cash Buyers or Spot Full Downpayment
For non-RFO units, House completion and turnover will still follow by Developer’s house completion schedule as shown in the Inventory Sheet. For Ready for Occupancy Units (RFO) with Notice of Completion, Buyers can move-in immediately.