HOW TO SUBMIT AN OFFER

1. All offers must be submitted using our official Offer to Purchase (OTP) form.

2. DULY FILLED-OUT AND SIGNED OTPs (front and back page) must be signed by both Buyer and Accredited Broker.

3. DULY FILLED-OUT AND SIGNED OTPs may be submitted:

   1. Email at maabagroup@gmail.com with an  attached scanned copy of the signed OTP form (front and back pages) to the Customer Care Desk of Strategic Asset Management and Sales

4. For OTPs sent via fax or email, the date and time indicated on the fax or email shall be considered the official date and time of receipt.

5. When the offer has been approved, a Letter of Advice containing the terms and conditions of the sale shall be sent to you with the following information:

   1. Selling price

   2. Property Address/Description

   3. Schedule of payment/s for the purchase price and sales-related expenses for your account

6. Send us an originally signed copy of the Letter Advice, which signifies that you agree with all the terms and conditions of the sale, which will serve as our basis to reserve the property for you until you pay the minimum 10% Earnest Money on or before the date stated therein. If the Earnest Money is not paid on the due date, the property will be offered to other interested buyers.

AS IS – WHERE IS

• Selling the property without warranties as to the condition or any aspect of the property except its right to sell the same

• Buyers are solely responsible for examining and judging the property for their own protection

FIRST COME, FIRST SERVED

• Offers to Purchase (OTP) are attended to in order that they are received without biases and preferences

• Applies only to offers that are equal to or higher than our asking price

NO RESERVATION FEE required upon submission of Offer to Purchase

PROPERTY CLASSIFICATION

Green Tag, Yellow Tag, and Red Tag are the official branding/classification for properties for sale (Bank properties are color-coded for your easy reference):

Green Tag

• Titles / Tax Declarations registered under the name of the bank

• In possession

• With For Sale signage

• With authorized caretakers

Yellow Tag

• Titles / Tax Declarations in process of consolidation

• Titles with technical description errors, Reconstitution (Sec. 7 RA 26), Sec. 4 Rule 74

• No possession of property (with former owner, tenants, or illegal settlers)

Red Tag

• Pending court cases against the bank filed by the previous owner or 3rd party claimants

• Titles with annotation/s, as to adverse claims or lis pendens

TAXES AND FEES

• CWT computed using the Selling Price shall be for the account of the Seller. However, any amount of CWT that may be due that is in excess of the CWT determined using the Selling Price as basis shall be for buyer's account

• Documentary Stamp Tax, Transfer Tax, Registration Fee and IT Fee are for the account of the Buyer plus notarial fee and processing fee

STANDARD POLICY ON PAYMENT OF TAXES AND INCIDENTAL FEES

• Government may impose other taxes and fees that are not covered as per the computation sheet/schedule that will be given to you

• Computations of taxes and fees are not final and are subject to change based on government-mandated rates or BIR rulings or computations prevailing or applied during the registration of the documents covering the transaction.

• Transfer Tax should be paid within 60 days from date of notarization of Deed of Absolute Sale

MODE OF PAYMENT

• Cash

• Bank Loan/Financing - subject to separate credit approval by the lending bank