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RESERVATION:

Upon paying the reservation fee the buyer will be able to get all the necessary documents such as Contract to Sell, Deed of Sale, Bank/Pagibig or In-house forms, Insurances etc...The buyer has 60days to complete documents as well as the necessary requirements. Reservation fee is Non-refundable. It is possible for the buyer if they decide to transfer the reservation fee or other payments made to the developer to other units as long as it is under the same developer (PROFRIENDS) but there will be a transfer fee of 3,000

FIRST EQUITY:

The buyer has 30days from the reservation date to start their first down-payment. Buyer needs to issue PDC’S and should be named under the developer (Property Company of Friends Inc.).

TURNOVER:

Turnover of the house is within 3 months after the full down-payment, the buyer has 3 opportunities to inspect the house so that if there is anything that you are in concerned of the developer will be able to fix it and it will be shouldered by the developer but after you accept the house if there is any alterations it will be at on your own expense so make sure that before you accept the unit all your concerns is addressed. With regards to roof leaks the buyer is entitled to one (1) rainy season. After the inspection period the buyer will be able to move in.

FIRST MONTHLY AMORTIZATION:

First monthly amortization will start after your downpayment.

READY FOR OCCUPANCY UNIT (RFO)

Buyer needs to pay the downpayment in full.

HOUSE MODIFICATION:

When the house is turnover to the buyer, buyer has the opportunity to modify or improve their unit, A contstruction bond is necessary for you to be able to modify the house, it will be refunded to you once you’re done with the renovation.

ELECTRICITY AND WATER:

Buyer will shoulder the expenses with regards to the electricity and water connection

TERMS OF PAYMENT

There are several modes of payment, Cash Basis, Installment Basis, and 24months to pay with 0% interest.

OFW:

Since you are out of the country, you need to appoint someone that will act on your behalf he/she will be the Attorney in Fact or SPA .SPA form will be provided by the developer. OFW are entitled to loan 80% upto 15yrs for Bank Financing , In-House Financing upto 10yrs and Pagibig Financing, Take note that the maturity of the loan should not exceed the buyers 60th birthday.