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Buyer’s Guide

Dreaming of Home

It all begins with a dream. Whether you are dreaming of a home that’s closer to your work, or a home that’s big enough to accommodate your growing family, your first step is to know what you need. This will ensure that you are able to find the perfect home that fits in with your lifestyle.

buyer guide1

The next step is to know what you WANT. This is where we come in. Because the homes that we build are not merely structures that provide shelter, but are havens of peace with amenities that encourage rest and recreation, we provide you not only with what you need, but also with what you want. With our easy-to-use Compare Homes function, finding the perfect home for you is only a click away.

You’ve made your decision to buy your DMCI Home. Now, allow us to guide you through the process and requirements to make your choice become truly yours.

  1. The first step is to ensure that your home of choice will be reserved for you. This can be done by accomplishing the Client Registration Form provided by your Property Consultant. Once this has been accomplished, the PC will prepare a Computation Sheet that details the payment scheme that will be applied for your home purchase. Lastly, you will be requested to sign the Reservation Agreement, and to make a payment for your Reservation Fee.
  2. Reservation Requirements

Upon reservation, you will be asked to fill up a Reservation Agreement Form. Along with this, a reservation fee ofP20,000 for the unit and P10,000 for the parking must be made. The reservation is nonrefundable and is valid for 30 days only. To complete your reservation, the following documents must be submitted within 7 days from the date of reservation:

  1. Signed Reservation Agreement Form, Client Registration Form, and Final Computation Sheet (forms and computation template will be provided by us).
  2. Photocopy of 2 valid government-issued IDs.
  3. Tax Identification Number (TIN) and Income Tax Return (ITR).
  4. Proof of Billing.
  5. Notarized Special Power of Attorney and 2 valid government-issued IDs of SPA holder, if applicable.

After submission of the required documents, you will be asked to sign a Contract to Sell/Deed of Absolute Sale. To avoid the cancellation of your reservation, please make sure to submit all the above documents including the signed Contract to Sell/Deed of Absolute Sale plus postdated checks within 30 days from the date of reservation.

PAYMENTS AND FINANCING

There are three available payment terms for purchasing your DMCI Home:

  1. Cash.
  2. In-house financing, with a maximum term of 15 years.
  3. External financing:
  • Bank

Based on the terms of payment agreed upon on your reservation agreement or your Contract to Sell, you’ll be required to begin paying your downpayment 30 days after the reservation date.

Available modes of payment are:
1. Cash or dated checks.
2. Postdated checks to cover monthly amortization. Local buyers are required to issue postdated checks.

International Buyers

You’ve made your decision to buy your DMCI Home. Now, allow us to guide you through the process and requirements to make your choice become truly yours.

Reservation Requirements:

Option 1: To facilitate the process, the original copy of the Reservation Agreement Form, the Client Registration Form will be sent to you via courier. You need to fill out and sign these forms (please no erasures, and your signature in the forms should match your signature in your I.D.’s). The signed, filled up forms along with your signed final computation (final computation will be emailed to you and will be printed out and signed by you) will be sent back to the Philippines as part of the requirements. We have remittance services for the payment of reservation. (Kindly check below our nearest remittance partner in your country)

(Please see the DMCI Homes account numbers below – please call (+632) 5050185  and verify before sending)

After submission of the required documents, we will be sending via courier the Contract to Sell, and you will be asked to sign it.

Option 2 (HIGHLY RECOMMENDED): A duly authorized representative can reserve in your behalf. For this purpose, a duly notarized Special Power of Attorney must be executed designating your duly authorized representative (SPA). The Special Power of Attorney must be consularized by the Philippine Consulate in the buyer’s present country.

Upon reservation, your SPA will be asked to fill up a Reservation Agreement form. Along with this, a reservation fee of P20,000 for the unit and P10,000 for the parking must be made.

The reservation is non refundable and is valid for 30 days only. To complete your reservation, the following documents must be submitted within 7 days from the date of reservation:

  1. Signed Reservation Agreement Form, Client Registration Form, and Final Computation Sheet (forms and computation template will be provided by us).
  2. Photocopy of 2 valid government-issued IDs.
  3. Tax Identification Number (TIN) and Income Tax Return (ITR).
  4. Proof of Billing.
  5. Consularized Special Power of Attorney and 2 valid government-issued IDs of SPA holder, if applicable.

For Special Power of Attorney, the SPA will be asked to sign the Contract to Sell in behalf of the unit owner.

To avoid the cancellation of your reservation, please make sure to submit all the above documents including the signed Contract to Sell/Deed of Absolute Sale plus postdated checks/wire transfer payments within 30 days from the date of reservation.

Payments and Financing

There are two recommended Payment Terms for your convenience:

1. Cash.
2. In-house financing, with a maximum term of 10 years.

Modes of Payment
1. Postdated checks to cover monthly amortizations.
2. Remittance (Kindly Download below our nearest Remittance Partner in your country)

Based on the terms of payment agreed upon on your reservation agreement or your Contract to Sell, you will be required to begin paying your downpayment 30 days after the reservation date.

Financing Options

Good news! With the help of our accredited banks, I will help you with the processing and approval of your home loan application. Best of all, I will help you secure the best and most affordable rate available.

Below are the accredited banks where I can help you apply for bank financing.

• Banco de Oro (BDO)
• United Coconut Planters Bank (UCPB)
• Bank of the Philippine Island (BPI)
• Philippine National Bank (PNB)
• China Bank
• Hong Kong and Shanghai Bank (HSBC)
• Malayan
• Security Bank
• Metrobank

Turn Over Process

The turnover process is the most important to a new homeowner because this is when the property finally changes hands. Because we know how important this is to you, we would like to share some guidelines to make the transition smooth and satisfactory for both parties.

  1. Completion of unit will commence upon issuance of Authority-To-Turnover (CLEARANCE) by DMCI Homes Documentation Department.
  2. Completion date:
    • Thirty (30) days for single condominium unit.
    • Forty-five (45) days for tandem condominium units.
    • Approximately twelve (12) months for unit construction.
  3. Punchlisting/inspection by the client will be scheduled after the completion date.
  4. Rectification of punchlisted items will be done immediately but completion date may vary depending on the nature of the punchlisted items.
  5. Client is responsible in settling all required fees & deposits prior to unit turnover.
  6. Homeowner Orientation of community house rules, policies & regulations is done during handover of unit.
  7. Handover kit and welcome gift is given to client upon acceptance of unit.
  8. Upgrade/improvements for his unit will be allowed only after the acceptance of unit.
  9. Note that certain warranties may be voided by any unit material alteration.

Requirements prior to issuance of CLEARANCE 

  • Payment of the minimum downpayment required.
  • Issuance of required postdated checks for the balance of Total Contract Price.
  • Submission of duly signed CONTRACT TO SELL / DEED OF ABSOLUTE SALE and other pertinent documents.
  • Letter of Guarantee (LOG) and Drawdown/Loan Take-out (for external bank financing only).

Required Fees & Deposits

  • MERALCO Service Deposit for permanent power connection.
  • Real Property Tax (RPT) – client’s share.
  • Cash Bond for temporary power (if permanent power service is not yet available).
  • Condominium Corporation fees & dues.

Requirements for Permanent Power Connection

  • Proof of ownership (CTS/DOAS or CCT).
  • Duly accomplished MERALCO application form.
  • Two (2) valid IDs.
  • Duly signed MERALCO waiver.
  • Authorization letter (if accomplished thru representative).

Condominium Corporation Fees & Dues

  • One time Joining/Membership fee.
  • Monthly Association dues.
  • Construction bond (for unit with owner’s upgrade).
  • Insurance premium.
  • RPT of common areas.
  • Other Condominium Corporation assessment.

Buyer Acceptance
If the buyer fails to inspect and accept the unit within thirty (30) days from the date of notice that the unit is ready for turnover, it shall be deemed that the buyer has automatically accepted the unit.

Acceptance by a Representative
If the registered buyer is not available on the scheduled turnover of unit, his/her duly authorized representative can accept the unit in his/her behalf. The representative must be designated as a duly notarized Special Power of Attorney (SPA).

  • The unit turnover cannot be delayed on account of SPA’s availability schedule.

 

Make it Happen 

You’ve made your decision to buy your DMCI Home. Now, allow us to guide you through the process and requirements to make your choice become truly yours.

buyer guide2

  1. The first step is to ensure that your home of choice will be reserved for you. This can be done by accomplishing the Client Registration Form provided by your Property Consultant. Once this has been accomplished, the PC will prepare a Computation Sheet that details the payment scheme that will be applied for your home purchase. This process usually takes 3 working days from date of receipt. Lastly, you will be requested to sign the Reservation Agreement, and to make a payment for your Reservation Fee.
  2. The next step is to accomplish the payment scheme that you will be availing of for your home purchase. There are three available modes of payment: cash, in-house financing, and external financing.
  3. The final step is to prepare your documentary requirements.

Living the Dream

It all begins with a dream. Whether you are dreaming of a home that’s closer to your work, or a home that’s big enough to accommodate your growing family, your first step is to know what you need. This will ensure that you are able to find the perfect home that fits in with your lifestyle.

 

It all begins with a dream. Whether you are dreaming of a home that’s closer to your work, or a home that’s big enough to accommodate your growing family, your first step is to know what you need. This will ensure that you are able to find the perfect home that fits in with your lifestyle.The next step is to know what you WANT. This is where we come in. Because the homes that we build are not merely structures that provide shelter, but are havens of peace with amenities that encourage rest and recreation, we provide you not only with what you need, but also with what you want.

buyer guide3

Now that you have made the right choice, it is time to live your dream. This begins with the turnover process. The turnover process is the most important procedure to a new homeowner, because this is when the property finally changes hands.

The “Feels Real Good to Know” flyer is an information campaign on frequently asked questions and concerns on DMCI Homes Property Management such as Association Dues, Real Estate Property Tax (RPT), Special Assessments and Other Fees, and Unit Warranty. This informational flyer is now available at the Property Management Office and Project Sales Office.

Frequently Asked Questions

Downpayment

  • What is the minimum downpayment for move-in at a mid-rise and high-rise development?

The standard downpayment term for mid-rise developments is 10-90, and for high-rise it is 20-90, unless a certain project is given a certain promo term.

  • If the client paid the downpayment in cash, how long will it take before he can move in at the unit (for RFO project)?

If the project is RFO (ready for occupancy), the turnover of the unit is done after 30 days from issuance of clearance, whereby clearance is issued only upon completion of downpayment. 

Warranty

  • How long is the warranty period of the unit once turned over? What is the coverage of the warranty?

The unit has a 2-year warranty period, and the coverage is the workmanship. 

Leasing

  • If I opt to have my unit leased out, can DMCI Homes manage the lease of the unit for me?

Yes, DMCI Homes has a leasing management department that takes care of your leasing requirements.

For more information, you may visit the leasing website at www.dmcileasing.com or simply fill-out the form at our Contact Us section.

Ownership of an OFW

  • If I’m an OFW without a checking account, as is the case with a lot of OFWs, will the company assist us in opening an account for the monthly payments of DMCI Homes’ condo purchase?

The assistance for a local checking account should be requested and is subject to Finance’s approval.

Ownership of a Corporation

  • What are your requirements if I choose to put the name of the unit under a corporation?

The standard requirements are secretary’s certificate, articles of incorporation, board resolution, and the valid IDs of the corporate secretary.

Release of Land Title

  • After full payment of the unit, how long is the processing time for the title to be released?

The title is released at least one (1) year from full payment. 

Pets

  • Do we allow pets in any of our developments?

We don’t generally allow pets in the developments, unless otherwise stipulated in the deed of restrictions.

Standard Distances and Elevation

  • What are the standard distances per building in a mid-rise and high-rise development?

The standard distance is 8 meters on the average.

  • How many meters is the set-back of our developments from the main road? How about the elevation of the development from road level?

The standard set-back and elevation of developments from road level is 3 meters on the average.

Parking

  • Can I purchase 2 parking slots if my unit is a 2-bedroom?

Some projects allow purchase of more than one (1) parking slots, but majority will only permit one (1) slot per unit.

Single-loaded corridor and Lumiventt technology

  • What is a single-loaded corridor? What is the Lumiventt technology?

A single-loaded corridor is the standard floor layout of DMCI Homes’ developments, where the unit is facing an open area and not another unit, unlike other building developments.
Meanwhile, the Lumiventt building design is a combination of several building design features that aims to maximize the natural benefits of light (lumen) and air (ventus).

This building design, first introduced by DMCI Homes, allows light to enter and fresh air to freely circulate among common areas and even in the residents’ individual units. First introduced in DMCI Homes’ flagship high-rise project, Tivoli Garden Residences near the Makati CBD, it is now present in other DMCI Homes developments like La Verti Residences in Pasay City and Royal Palm Residences high-rise condos–Kawai and Kamala–in Taguig City.

Employing single-loaded corridors, three-storey-high sky patios at the front and back of each building, breezeways at the end of each floor, and central atriums every five floors, Lumiventt basically allows the high-rise projects to “breathe.”
Compared to the usual cramped and claustrophobic feeling that is predominant in today’s condominiums, the Lumiventt Advantage promotes healthy breathing and healthy living through wide open spaces, abundant greenery, and the country’s predominant weather conditions.

Water heater and Washing machine

  • Is there a provision for water heater and washing machine in all unit types?

Some projects offer these provisions, but because of the existence of the service area at the rooftop, the provisions for washer and dryer are already available there and will therefore no longer be available within the unit. See the specifications per project.