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What are the requirements if I want to purchase a property?
If I live abroad, can I still purchase a property?
How do I make an appointment to visit the available
lots?
How can I make a reservation?
How can I go to an Open House?
How can I join a golf tournament?
What are the different types of lots?
What is a Condotel?
What is a Condovision?
What is the Prospect's Appointment Slip?
What is a Reservation Application?
What is the Contract to Sell?
What is the Deed of Restriction?
What is the Deed of Absolute Sale?
When do I get the title to my property?
| Payment Options, Fees and Saving Tips |
What are my payment options when I want to buy a
property?
How much can I place for my down payment?
Are there association dues?
What is the move-in fee?
What is the construction bond?
How can I purchase a golf share?
What is the Fil-Estate Group of Marketing Companies?
Who is Cedar 102?
When I click on the Location Maps, Site Plans or
bedroom descriptions, nothing happens. Why?
How often is this site updated?
| What are the requirements
if I want to purchase a property? |
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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)
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If I live abroad,
can I still purchase a property?
Yes. For more information on how to purchase a property if you live abroad,
click here.
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How do I make an appointment
to visit the available lots?
Contact us to make an appointment.
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How can I make a reservation?
Contact us to make a reservation.
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How can I go to an Open House?
Contact us to make an appointment.
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How can I join a golf tournament?
Contact us to make a reservation.
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What are the different
types of lots?
Fairway lots - these are lots next to a fairway of a golf course.
These are usually more expensive than inner lots.
Corner lots - these are lots situated in a corner of a road. These
are usually more expensive than inner lots.
Inner lots - these are lots that are neither fairway, corner nor
lakeside lots.
Estate lots - these are lots that are considerably larger in area
than inner lots, but are less expensive in price per square meter.
Farm lots - these are lots mainly used for farming.
Residential lots - these are lots used for building houses.
Commercial lots - these are lots used for businesses establishments.
Lakeside lots - these are lots next to a lake. These are usually
more expensive than inner lots.
Premium lots - these are lots located in prime locations because
they have a good view.
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What is a Condotel?
A Condotel is a condominium that is managed and operated as a hotel. You
can own a unit and lease it back to the hotel. The hotel will manage and
maintain your unit as a regular room of the hotel. Depending on the agreement
with the hotel, you are entitled to stay in your unit for a specified
number of days each year, while for the rest of the year, your unit will
be used to accommodate hotel guests. This is a good arrangement if what
you are looking for is a vacation place and good investment at the same
time.
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What is a Condovision?
A Condovision is a condominium with subdivision amenities such as a swimming
pool, basketball court, meeting hall, ballroom, gym, mini park and playground.
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What is the Prospect's
Appointment Slip (P.A.S.)?
The Prospect's Appointment Slip (P.A.S.) is a form that a Fil-Estate agent
asks his/her prospective customer to fill. The agent then submits that
form to our office to formally let them know that the prospective customer
will be assigned to that agent exclusively for 30 days. Internally, this
helps us in determining what is due to each agent. Download a sample P.A.S.
from the Document Requirements page.
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What is a Reservation
Application (R.A.)?
A Reservation Application (R.A.) is a form that you fill out to reserve
the property of your choice. This reservation is valid up to a specified
number of days depending on the agreement with the landowner, and should
be accompanied by a nonrefundable reservation fee. You must pay the down
payment or the full total contract price within the specified number of
days on the agreement, or the reservation will be canceled and the reservation
fee will not be refunded.
Download a sample R.A. From the Document Requirements
page.
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What is the Contract
to Sell (C.T.S.)?
The Contract to Sell is the agreement between you and Fil-Estate outlining
the terms of your purchase of a property from Fil-Estate. This is provided
to you after Fil-Estate receives from you either the full total contract
amount or the down payment for the property.
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What is the Deed of Restriction?
The Deed of Restriction is the agreement between you and the landowner
specifying what you can and cannot do with your property. As an example,
one restriction commonly specified in a Deed of Restriction is that you
cannot subdivide your property.
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What is the Deed of Absolute Sale?
The Deed of Absolute Sale is the agreement between you and the landowner
legitimizing your purchase of a property from the landowner.
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When do I get the
title to my property?
Your title will be released to you after you pay the full total contract
price.
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| Payment Options, Fees and Saving Tips |
What are my payment
options when I want to buy a property?
Different properties and owners offer different payment options. We provide
sample computations in each of our properties.
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How much can I place for
my down payment?
The minimum down payment varies per subdivision but usually it is at 20%
of the full total contract price. Remember that, when financing for your
property, the larger the amount of your down payment, the smaller your
monthly payments. Plus, depending on the terms of the property, you may
get as much as a 7% discount on the down payment when paying the down
payment in full within a specified number of days.
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Are there association
dues?
Yes. Association dues are used for the maintenance of your subdivision.
The amount varies per subdivision.
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What is the move-in fee?
A move-in fee is a one-time fee for miscellaneous expenses such as the
connection of the water meter and the transfer of the electrical bill
account to your name.
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What is the construction bond?
A construction bond is a type of insurance usually required from you by
your homeowner's association for the new construction or improvement of
your house in case the contractors you hired incurs any damage to any
part of the subdivision. The amount varies per subdivision.
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How can I purchase a golf share?
Contact us to make an appointment.
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| About Fil-Estate Realty Sales Associates, Inc. |
What is Fil-Estate
Realty Sales Associates, Inc.?
Fil-Estate Realty Sales Associates, Inc. is a marketing group of the Fil-Estate
Group of Marketing Companies. Learn more
about Fil-Estate Realty Sales Associates, Inc.
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Who is Cedar 102?
Cedar 102 is a sales division within Fil-Estate Realty Sales Associates,
Inc. Cedar 102 is the owner of this website. Learn
more about the Cedar 102 Sales Division.
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When I click on
the Tours, Location Maps, Site Plans or bedroom descriptions, nothing
happens. Why?
This site uses plenty of slide shows in pop-up windows and most likely
your Internet browser has a pop-up blocker. All you have to do is allow
or enable the use of pop-up windows for this website.
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How often is this site updated?
We update this site regularly as soon as we get new information about
the properties. However, sometimes new information about the properties
does not get to us as quickly as we would like, often brought about by
circumstances beyond our control. We will do our best.
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Original copyright by Golf Living Philippines.
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