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How to Purchase a Real Estate Properties?

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How to Purchase a Real Estate Property ??

In order to buy property in the Philippines, you must:
  • either be a) a Filipino Citizen, b) a natural-born Filipino Citizen who lost his/her Filipino citizenship through naturalization in another country, c) a Filipino by dual-citizenship, or d) a foreign national married to a Filipino Citizen. For individuals classified under b, c or d, he/she may purchase a parcel of land not exceeding one thousand (1,000) square meters in area and for residential purpose only. A foreign national may purchase a house and lot provided the property is under the name of a company registered in the Philippines, but he/she can purchase a condominium unit under his/her name.
  • have the financial ability to make the payment for the property, whether in full or through financing.
  • be at least 18 years of age and able to do acts with legal effects.
  • (See also the Document Requirements and The Balikbayan Act
     

STEP 1 - Contact us.
  • Fill up a Prospective Appointment Slip and tell us the property you are interested in. Buyers Info Sheet 
  • Set an appointment with us to visit the site.
  • Get the final computation for your payments.

If you live abroad:
If you have a representative in the Philippines, such as a trusted relative or friend, you can obtain a Special Power of Attorney (S.P.A.) from the Philippine Embassy in your country of residence, and designate that person to represent you in purchasing a property.

If you have no representative in the Philippines, you may browse through the website to know about the available properties, call us long distance, or send us an inquiry, and we will reply to your questions the best we can. You can also make an appointment with us the next time you visit the Philippines.


STEP 2 - Make the payment or a reservation for your chosen property.

You may:
A. Pay the ful Total Contract Price of the property.
Acceptable forms of payment include cash, personal check from a local bank or money transfer.

- OR -

B. Place a down payment.
If you choose to pay for your property through financing, you must place a down payment in cash, personal check from a local bank or money transfer, and submit post-dated checks for the monthly payments. After we receive your down payment, we will reserve your chosen property for you.

- OR -

C. Reserve the property.
Fill up a Reservation Application (R.A.) and pay the reservation fee with cash, personal check from a local bank or money transfer. Some projects may also accept credit cards (MasterCard or VISA). The reservation fee is nonrefundable.

 

If you live abroad:
If you designated a representative through an S.P.A., he/she may make the payment for you.

If you have no representative in the Philippines, you may send us your payment via wire transfer to our bank in the Philippines. We will provide you with directions if you choose this option. Many of our clients abroad have used this option.


STEP 3 - Sign the Contract to Sell.

You will then sign the Contract to Sell after paying the full total contract price or the full down payment.

You title will be released to you after paying the full total contract price.

 

If you live abroad:
If you designated a representative through an S.P.A., he/she can sign the Contract to Sell.

If you have no representative in the Philippines, we will send you the Contract to Sell for you to sign and send back to us.

Our Partner Site:

 

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DMCI Homes, Inc.
The country’s first Triple A builder/developer. Fast delivery of Projects, RFO units available. "RENT-TO-OWN"For as low as 10%DP for mid-rise or 20%DP for high rise, lowest required DP to move-in in the industry today, Click here