A quick overview of the buying process via negotiated sale:

1. Identify properties you are interested in.

Browse through the list and Identify properties you are interested in.

2. Contact your Broker to get more property details.

3. Do your due diligence.

If you are seriously interested in a property/ies, you should do your due diligence (inspect the properties, verify the title/tax declaration, check what are the taxes and fees you will shoulder as the buyer, etc.). We recommend that you do the inspection personally. If you’re abroad, you can ask a trusted relative do the inspection for you, but I still recommend that you come home at least once to personally inspect the property yourself, before submitting an offer.

4. Choose your payment terms

In addition to cash payment, here are the payment terms

Reservation Fee: 5% of the selling price

Minimum down-payment: 20% of the selling price (inclusive of the 5% reservation fee)

80% balance: Payable over 5 years at 12% annual interest rate. Optionally, you may choose to get a loan takeout later either from banks/lending institutions.

By the way, since payment terms often change, most especially the interest rates,

Always ask your Broker directly to get what currently applies before you submit your offer(s).

5. Submit an offer

If the property/ies you are interested in passing your due diligence, you can go ahead and submit an offer, inclusive of the 5% reservation fee. Call Broker directly to get all details and a complete list of forms and requirements.

Note: If your target property is under promo, you can submit an offer up to 20% below the listed price. All offers are subject to management approval.

6. Wait for your offer to get approved/disapproved

a. If your offer was approved, your 5% reservation fee becomes part of the downpayment, and Bank will assist you with finalizing the purchase. You need to choose between cash payment (usually due in 30 days after notice of approval), in-house financing, or bank loan (you need to finalize your downpayment amount/ years to pay for the balance and interest rate, submission of requirements, contract signing, when you can move-in, etc.)

b. If your offer was not approved, your reservation fee will be returned to you.

c. If the Bank received multiple offers including yours, you might be invited to participate in sealed bidding to determine which bid will be accepted. If ever this situation arises, Bank will contact you and explain the whole process.

Note: The above is just a quick overview based on our own experiences from past transactions with Bank. Their exact procedure is subject to change without prior notice. Our standard Site Disclaimer applies.

To get more details, please contact US directly. Refer to their contact details below

Pls visit our Website for more property listing,

kindly send us the property code to check the updated property status

Pls signed the Client Registration Form and send it back to us to process your Bank Endorsement to view the property