5 Easy Steps to Own your Dream House: Cavite, Philippines

5 Easy Steps TO OWN YOUR DREAM HOUSE

After you have chosen a house from our list of properties, the following steps will properly guide your home buying process.

Step 1

Schedule a FREE House Viewing

Time table: 0 days
from Reservation

Once you have chosen a house from our property listings, the next step is to see the actual site, community and house model. We offer FREE daily house viewing with all our projects/house models. To schedule a house viewing with us, kindly follow the link below and fill out all required fields to help us properly schedule your site visit.

SCHEDULE FREE HOUSE VIEWING - Click here

If you are located abroad or an OFW, you may request for your family or your representative here in the Philippines to have the house viewing on your behalf. During the house viewing, please take note of the house features, design, site accessibility, location and future developments. These are very important since the appreciating value of your investment would highly depend on these things.

step 2

Choose a Unit & Pay Reservation Fee

Time table: 0 days
from Reservation

After house viewing, once you've decided with the house model and price computation, the next step is finding a good unit location within the available phases. In finding a good unit location, consider the following:

POSITION OF HOUSE - Is it facing East (morning sun) or West (afternoon sun)? Traditionally, (morning sun) units are preferred by most clients because of good feng shui, the house is well lit ("maaliwalas at maliwanag ang bahay") letting you save a great deal in electricity in the future.
Distance from entrance gate, main road, access to commercial areas & public transportation

Once you have selected a good unit, the next step is PAY THE RESERVATION FEE as units are booked on a "first come, first served" basis. Accepted modes of payment are: Cash, Cheque, Credit Card and Debit Card (ATM, etc).

Paying the reservation fee together with an accomplished BUYER INFORMATION SHEET & RESERVATION AGREEMENT officially reserves the unit under your name. Reservation fee is non-refundable and forms part of your downpayment.

Step 3

Submit Requirements

Time table: 30 days
from Reservation

Once the unit has been reserved, the next step is completion & submission of requirements. A CHECKLIST OF REQUIREMENTS based on your financing can be viewed below. These requirements need to be submitted within 30 days (maximum 60 days) from the date of reservation. Please take note that ON TIME submission of these requirements is important to prevent delays in your housing loan processing (especially for bank financing).

For overseas, abroad or OFW clients, we will be sending you thru mail or LBC the documents & contracts that needs to be read and signed by you. After singning and accomplishing these documents, please mail it back to us for submission to the office.

BANK FINANCING REQUIREMENTS
QUALIFICATIONS	* Filipino citizen / dual-citizenship holder * Client must be 20 - 69 years old * For OFW, he/she must not work in war-torn countries. * Client must not have any pending legal case * Client must not have any history of unpaid loan, cancelled credit card, etc.
LIST OF REQUIREMENTS	* 3 pcs. 1x1 ID picture * 2 government-issued valid ID (photocopy) * Birth Certificate (if single) / Marriage Contract (if married) * Tax Identification number (TIN) * Cedula (for locally employed only) * Proof of Billing * Consularized SPA Bank Form (we'll provide the form) * Payslip / ITR (for locally employed only) * Job contract (for OFW) / COE (for locally employed)

IN-HOUSE FINANCING REQUIREMENTS
QUALIFICATIONS	* Filipino citizen / dual-citizenship holder * Client must be 18 - 69 years old
LIST OF REQUIREMENTS	* 3 pcs. 1x1 ID picture * 2 government-issued valid ID (photocopy) * Birth Certificate (if single) / Marriage Contract (if married) * Tax Identification number (TIN) * Cedula (for locally employed only) * ITR / COE (for locally employed only)

Step 4

Pay Monthly Downpayment

Time table: Depends on DP/equity term

Part of the major requirements for both Bank & Inhouse financing is the SUBMISSION OF POST-DATED CHECKS corresponding your downpayment period. Please note that Profriends (developer) will only accept cash payments only until the 3rd downpayment. Once you have issued post dated checks for the downpayment, all you have to do is deposit your cash payment to your checking account before your due date, to fund the checks that you have issued.

I DON'T HAVE A CHECKING ACCOUNT, HOW CAN I PAY MY DOWNPAYMENTS? Profriends can give you bank referral to our partner bank, Plantersbank or PS Bank General Trias, to help you open a checking account at a minimal initial deposit of Php 5,000 (Other banks require Php 10,000 in opening a checking account). This initial deposit amount will also serve as your maintaining balance. A 100-sheet check booklet costs at Php 350.

Step 5

Unit Inspection & Move-in

Time table: 2 mos. from last downpayment

After your last downpayment, once you have completely complied with all the requirements on your account, you advised by the developer with regards to your UNIT INSPECTION. For Bank Financing, a bank loan take-out is required before buyer can start the Unit Inspection. A Notice of Completion from Profriends that the unit is ready for inspection will be sent to the buyer. After complying with the 3 monthly inspections, the buyer can now move-in to the unit by signing the unit acceptance form and be awarded their unit keys.

MERALCO (electricity) & WATER CONNECTION. MERALCO (eletricity) and water connection will be individually applied for by the client since the unit is under their name (Meralco to the local office and water connection to the site/project engineering office). There will be NO MOVE-IN FEES to be collected from the Buyer.
HOME IMPROVEMENTS. Home improvement and renovations can only be done once the unit has been turned over to the buyer. A renovation plan approval must be submitted to the Profriends engineering office prior to renovation to ensure that pipes and structural integrity of the unit will not be compromised by the planned renovation. Construction bond of Php 10,000 is required during the renovation and is refundable after. Construction bond is required as payment in case an adjacent property is damaged during the Buyer's renovation, otherwise it is refundable.

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