Steps on Purchasing a Property/Reserving a Property/Requirements
[ S T E P S O N P U R C H A S I N G A P R O P E R T Y ]
Step 1:
Project Presentation
The Client is invited by a Property Consultant for a short presentation of the development, and discusses project features, available inventories, financing options, and others. Client is free to ask information relevant to the company, the project or details in acquiring a property.
Step 2:
Property Preview / Site Visit
After presenting the project, the client and the property consultant would agree on a specific schedule to visit the site. The client would then be oriented on the specific features of the location, including road networks, alternate routes, landmarks, existing amenities, positioning of future developments and nearby commercial areas and facilities that make the project stand out.
Step 3:
Reservation Application
Client now chooses his/her desired property and accomplishes the necessary forms to acquire the desired property. He/She is then escorted to the Crown Asia office to formalize the purchase.
Reservation Agreement It is a document that states the terms and conditions on acquiring a property. The details on reservation, ownership, forfeiture, construction period, completion/turnover date, approval of the transaction, etc. are elaborated on this document. The client then also pays the Reservation Fee - a fixed, non-refundable amount issued to express the genuine interest of acquiring a property. This amount reserves the specified property to the client for 30 days, and will be deducted from the Total Contract Price when transaction is completed.
Quotation Sheet It contains the pricing and financing details of the account, including the Total Contract Price, discounts, promos, and payment schedules. Client is then presented with the financing options to settle his/her chosen property, corresponding discounts and the due dates of payment.
Step 4:
Marketing and Administrative
Briefing After filling up and submitting both the Reservation Agreement and the Quotation Sheet, the client will then be accommodated by a personnel from the Marketing Department for final briefing. This is a stage wherein all details are clarified, and the client is encouraged to ask questions about the project before the actual purchase is formalize.
Subsequently, a representative of the Administration Department would assist the client on the duties and responsibilities of a buyer, such as the details of the financing option chosen, the penalties and charges of late payment, documentation requirements and necessary measures to secure appropriate financial instruments. Client is once again encouraged to express concerns regarding impediments to the schedule of payment, difficulties on securing necessary forms and documents, and circumstances or scenarios that would require special handling of the account.
Step 5:
Submission of Requirements
Once the Marketing/Administrative Briefing has been conducted, and the Reservation Agreement, Quotation Sheet and Reservation Fee have been forwarded and accepted, the client is then given 30 days to secure and submit the necessary requirements of the purchase. It is within this period that his/her selected property would be held under his/her name, subject to the completion of the said requirements. Should the client fail to complete the requirements within the said period, the Developer reserves the right to forfeit his/her reservation, and afterwards, re-open the inventory to interested parties.
Should the client be able to comply with the requirements, the sale is then formalized and the property would be placed under the name of the client until such time that the property is delivered or the account has been cancelled on grounds stated in the previous documents.
Step 6:
Move-in / Turnover of Property
The property would be delivered on a specified date in the Reservation Agreement, subject to a reasonable grace period. As soon as property is complete, the client will be invited for joint inspection wherein both developer and buyer survey the property to confirm that all finishes and commitments on delivery are present and acceptable order. Should both parties mutually agree on the condition of the property and find everything suitable, then documents will be signed to express acceptance of the property and to request the transfer of the title to the new property owner.
Project Presentation
The Client is invited by a Property Consultant for a short presentation of the development, and discusses project features, available inventories, financing options, and others. Client is free to ask information relevant to the company, the project or details in acquiring a property.
Step 2:
Property Preview / Site Visit
After presenting the project, the client and the property consultant would agree on a specific schedule to visit the site. The client would then be oriented on the specific features of the location, including road networks, alternate routes, landmarks, existing amenities, positioning of future developments and nearby commercial areas and facilities that make the project stand out.
Step 3:
Reservation Application
Client now chooses his/her desired property and accomplishes the necessary forms to acquire the desired property. He/She is then escorted to the Crown Asia office to formalize the purchase.
Reservation Agreement It is a document that states the terms and conditions on acquiring a property. The details on reservation, ownership, forfeiture, construction period, completion/turnover date, approval of the transaction, etc. are elaborated on this document. The client then also pays the Reservation Fee - a fixed, non-refundable amount issued to express the genuine interest of acquiring a property. This amount reserves the specified property to the client for 30 days, and will be deducted from the Total Contract Price when transaction is completed.
Quotation Sheet It contains the pricing and financing details of the account, including the Total Contract Price, discounts, promos, and payment schedules. Client is then presented with the financing options to settle his/her chosen property, corresponding discounts and the due dates of payment.
Step 4:
Marketing and Administrative
Briefing After filling up and submitting both the Reservation Agreement and the Quotation Sheet, the client will then be accommodated by a personnel from the Marketing Department for final briefing. This is a stage wherein all details are clarified, and the client is encouraged to ask questions about the project before the actual purchase is formalize.
Subsequently, a representative of the Administration Department would assist the client on the duties and responsibilities of a buyer, such as the details of the financing option chosen, the penalties and charges of late payment, documentation requirements and necessary measures to secure appropriate financial instruments. Client is once again encouraged to express concerns regarding impediments to the schedule of payment, difficulties on securing necessary forms and documents, and circumstances or scenarios that would require special handling of the account.
Step 5:
Submission of Requirements
Once the Marketing/Administrative Briefing has been conducted, and the Reservation Agreement, Quotation Sheet and Reservation Fee have been forwarded and accepted, the client is then given 30 days to secure and submit the necessary requirements of the purchase. It is within this period that his/her selected property would be held under his/her name, subject to the completion of the said requirements. Should the client fail to complete the requirements within the said period, the Developer reserves the right to forfeit his/her reservation, and afterwards, re-open the inventory to interested parties.
Should the client be able to comply with the requirements, the sale is then formalized and the property would be placed under the name of the client until such time that the property is delivered or the account has been cancelled on grounds stated in the previous documents.
Step 6:
Move-in / Turnover of Property
The property would be delivered on a specified date in the Reservation Agreement, subject to a reasonable grace period. As soon as property is complete, the client will be invited for joint inspection wherein both developer and buyer survey the property to confirm that all finishes and commitments on delivery are present and acceptable order. Should both parties mutually agree on the condition of the property and find everything suitable, then documents will be signed to express acceptance of the property and to request the transfer of the title to the new property owner.
[ R E S E R V I N G A P R O P E R T Y O F Y O U R C H O I C E ]
Basic Requirements
1. Reservation Fee (check, wire transfer, cash, credit card)
2. Reservation Agreement Form (provided by the company)
3. Buyer’s Quotation Sheet (provided by the company)
4. Buyer’s Information Sheet (provided by the company)
5. Photocopy of Passport and Valid I.D. with picture
6. Proof of Income (Certificate of Employment and compensation, payslips)
Local Buyer
International Buyer
1. After coordinating your intention to purchase a unit, I could email the Reservation Agreement Form, Buyer’s Quotation Sheet and Buyer’s Information Sheet. Kindly download, print, fill-up all necessary information and sign. You can submit them by email or FedEx. Please provide us with Photocopy of Passport, any valid ID and photocopy of Billing with address.
2. You can reserve by:
a. Wire Transfer
Note: Please send us the copy of wire transfer receipt to hasten the verification of our company from any of these banks.
b. Relatives or friends in the Philippines, with your coordination they could pay the reservation by check, cash or credit card.
All payment should be made directly to:
3. If you avail of deferred cash, kindly provide all post dated checks for monthly installments plus the Balance check. We prepare local checks but we also accept U.S. Dollar, Canadian Checks and Middle East Checks. The checks must be named to the company or subsidiary.
4. After the reservation of unit has been accepted by the company, you will receive the confirmation documents and the Official Receipt. Kindly submit here any proof of income (latest bank statement for 6 months, ITR etc). We will also ask you to sign the set of Contract to Sells. Once the set of Contract to Sells is notarized then you will receive your own copy.
Important Reminders
1. Reservation Fee (check, wire transfer, cash, credit card)
2. Reservation Agreement Form (provided by the company)
3. Buyer’s Quotation Sheet (provided by the company)
4. Buyer’s Information Sheet (provided by the company)
5. Photocopy of Passport and Valid I.D. with picture
6. Proof of Income (Certificate of Employment and compensation, payslips)
Local Buyer
- After coordinating your intention to purchase a unit, we could meet in our office to fill-up and sign all documents like Reservation Agreement Form, Buyer’s Quotation Sheet and Buyer’s Information Sheet. Please provide us with Photocopy of Valid IDs with picture, Passport (optional but could be a valid ID), and photocopy of billing with address.
- You can reserve by issuing a reservation check (name to the company or subsidiary), paying cash or using credit cards like Visa and MasterCard.
- If you avail of deferred cash, kindly provide all post dated checks for monthly installments plus the Balance Check. The checks must be named to the company or subsidiary.
- After the reservation of unit has been accepted by the company, you will receive confirmation documents and Official Receipt. Kindly submit here any proof of income (latest bank statement for 6 months, ITR etc). We will also ask you to sign the set of Contract to Sells. Once the set of Contract to Sells is notarized then you will receive your own copy.
International Buyer
1. After coordinating your intention to purchase a unit, I could email the Reservation Agreement Form, Buyer’s Quotation Sheet and Buyer’s Information Sheet. Kindly download, print, fill-up all necessary information and sign. You can submit them by email or FedEx. Please provide us with Photocopy of Passport, any valid ID and photocopy of Billing with address.
2. You can reserve by:
a. Wire Transfer
Note: Please send us the copy of wire transfer receipt to hasten the verification of our company from any of these banks.
b. Relatives or friends in the Philippines, with your coordination they could pay the reservation by check, cash or credit card.
All payment should be made directly to:
- Household Development Corporation (Camella projects)
- Crown Asia Properties Inc. (Crown Asia projects)
- Brittany Corporation (Brittany projects)
- Vista Residences Inc. (Vista Residences projects)
3. If you avail of deferred cash, kindly provide all post dated checks for monthly installments plus the Balance check. We prepare local checks but we also accept U.S. Dollar, Canadian Checks and Middle East Checks. The checks must be named to the company or subsidiary.
4. After the reservation of unit has been accepted by the company, you will receive the confirmation documents and the Official Receipt. Kindly submit here any proof of income (latest bank statement for 6 months, ITR etc). We will also ask you to sign the set of Contract to Sells. Once the set of Contract to Sells is notarized then you will receive your own copy.
Important Reminders
- In signing of Reservation Agreement Form, Buyer’s Quotation Sheet, and Buyer’s Information Sheet, if married the spouse must affix his or her signature to all documents, or if more than one buyer, they must sign the documents and fill-up a separate Buyer’s Information Sheet.
- All payments in checks must be named to the company or subsidiary.
- Our company might ask other requirements as necessary, we ask for your kind consideration.
[ R E Q U I R E D D O C U M E N T S ]
Required Documents for Spot Cash
• Birth Certificate or Marriage Contract
• 2 Valid IDs
• Community Tax Certificate (Cedula) / Photocopy of Passport (all pages w/ entries)
• 2 pcs. 2" x 2" id pictures (husband and wife)
Required Documents for Deferred Cash (2 years to pay)
• Birth Certificate or Marriage Contract
• 2 Valid IDs
• Community Tax Certificate (Cedula) / Photocopy of Passport (all pages w/ entries)
• 2 pcs. 2" x 2" id pictures (husband and wife)
• Proof of Billing Address (Utility bills)
• Post dated checks
Required Documents if with Financing
Overseas Contract Workers (OFWs)
• Original Certificate of Employment and Compensation w/ Consular Seal
• Photocopy of Contract of Employment
• Photocopy of Passport (all pages with entries)
• Proof of Remittances (latest 6 months)
• Pay Slips (latest 3 months)
• 2 Valid IDs
• Bank Statements (latest 6 months)
• Birth Certificate or Marriage Contract
• Community Tax Certificate (Cedula)
• 2 pcs. 2" x 2" id pictures (husband and wife)
• Proof of Billing Address (Utility bills)
• Post dated checks
Special Power of Attorney ( Consularized if Notarized Abroad)
Locally Employed
• Photocopy of Income Tax Return (ITR)
• Original and Notarized Certificate of Employment and Compensation (COEC)
• Pay Slips (latest 3 months)
• 2 Valid IDs
• Bank Statements (latest 6 months)
• Birth Certificate or Marriage Contract
• Community Tax Certificate (Cedula)
• 2 pcs. 2" x 2" id pictures (husband and wife)
• Proof of Billing Address (Utility bills)
• Post dated checks
Self-Employed (Business)
• Photocopy of Business Registration (DTI/SEC)
• Mayor's Permit
• ITR for the last 2 years
• Original Audited Financial Statements for the last 2 years
• Franchise/OR/CR (for taxi, jeepney, bus operators)
• PTR (For practicing professionals)
• Company Profile (if applicable)
• Picture of Business Establishment
• Bank Statements (latest 6 months)
• Birth Certificate or Marriage Contract
• 2 Valid IDs
• Community Tax Certificate (Cedula)
• 2 pcs. 2" x 2" id pictures (husband and wife)
• Proof of Billing Address (Utility bills)
• Post dated checks
Note: Other documents may be required on a case to case basis.
• Birth Certificate or Marriage Contract
• 2 Valid IDs
• Community Tax Certificate (Cedula) / Photocopy of Passport (all pages w/ entries)
• 2 pcs. 2" x 2" id pictures (husband and wife)
Required Documents for Deferred Cash (2 years to pay)
• Birth Certificate or Marriage Contract
• 2 Valid IDs
• Community Tax Certificate (Cedula) / Photocopy of Passport (all pages w/ entries)
• 2 pcs. 2" x 2" id pictures (husband and wife)
• Proof of Billing Address (Utility bills)
• Post dated checks
Required Documents if with Financing
Overseas Contract Workers (OFWs)
• Original Certificate of Employment and Compensation w/ Consular Seal
• Photocopy of Contract of Employment
• Photocopy of Passport (all pages with entries)
• Proof of Remittances (latest 6 months)
• Pay Slips (latest 3 months)
• 2 Valid IDs
• Bank Statements (latest 6 months)
• Birth Certificate or Marriage Contract
• Community Tax Certificate (Cedula)
• 2 pcs. 2" x 2" id pictures (husband and wife)
• Proof of Billing Address (Utility bills)
• Post dated checks
Special Power of Attorney ( Consularized if Notarized Abroad)
Locally Employed
• Photocopy of Income Tax Return (ITR)
• Original and Notarized Certificate of Employment and Compensation (COEC)
• Pay Slips (latest 3 months)
• 2 Valid IDs
• Bank Statements (latest 6 months)
• Birth Certificate or Marriage Contract
• Community Tax Certificate (Cedula)
• 2 pcs. 2" x 2" id pictures (husband and wife)
• Proof of Billing Address (Utility bills)
• Post dated checks
Self-Employed (Business)
• Photocopy of Business Registration (DTI/SEC)
• Mayor's Permit
• ITR for the last 2 years
• Original Audited Financial Statements for the last 2 years
• Franchise/OR/CR (for taxi, jeepney, bus operators)
• PTR (For practicing professionals)
• Company Profile (if applicable)
• Picture of Business Establishment
• Bank Statements (latest 6 months)
• Birth Certificate or Marriage Contract
• 2 Valid IDs
• Community Tax Certificate (Cedula)
• 2 pcs. 2" x 2" id pictures (husband and wife)
• Proof of Billing Address (Utility bills)
• Post dated checks
Note: Other documents may be required on a case to case basis.
