REAL ESATE LAWS AND REFERENCES 2.2

HOW TO PURCHASE ONLINE:

1) First, you will choose a property you like. 

2) After choosing your property, you can reserve it online. The Real Estate Agent who serves you will send you an advice to deposit together with the bank details of the developer. These details should include the following:

• Exact name of the developer (recipient of the money)
• Address of the developer
• Name of Bank
• Address of Bank
• Bank Account Number
• Type of Account
• Address of Bank
• Swift Code

3). Make the deposit for the reservation fee (on any bank in your local area known internationally to send money to the Philippines) direct to the account of the developer.

4) Send a copy of your deposit slip duly signed by the bank officer either via FAX or email attachment to the Real Estate Agent who is serving you.

5) Your Real Estate Agent will check with the developer if the deposit is cleared and by then, the Agent will send you a copy of the official receipt and two documents: RESERVATION AGREEMENT & CUSTOMER INFORMATION SHEET via email attachments.

6) You are then requested to send these two documents with your signature on them via email attachment or Fax. 

7) Your Real Estate Agent will send the original contract papers to you by post mail. 

8) When you receive the mailed original documents, and after reading and affixing your signatures on these documents, you are requested to mail them back to the address of the Agent.

9) After the Agent receives the signed original contracts from you via post mail, these documents will be handed over to the developer who will affix their signature/s and then have these documents notarized by a lawyer. You can then expect to receive a copy of the notarized contract.

10) You will then pay the monthly installment on a bank to bank deposit from your end. Some developers may require submission of post dated checks or pay through your assigned (SPA ) special power of attorney such as your relative.

ILLUSTRATION ON HOW TO PURCHASE ONLINE