Your Journey to Homeownership, Simplified
Buying a home is a significant milestone, and at Allanza Exurbia, we're committed to making the process as smooth and transparent as possible. This guide provides an overview of the steps involved in purchasing a property from us.
- Pre-Qualification & Budgeting: * Assess your financial capacity: Determine how much you can comfortably afford for a down payment and monthly amortizations. * Get pre-qualified (optional but recommended): This helps you understand your borrowing power and strengthens your position when making an offer.
- Property Selection: * Explore our projects: Browse our website or visit our sales offices to learn about our available properties in different locations. * Consider your needs: Think about factors like property type, size, number of bedrooms, location, and amenities. * Site Visit: Schedule a visit to your preferred project to see the actual location, model units, and ongoing construction.
- Reservation & Initial Documentation: * owner's information Sheet: Once you've chosen a property, you'll need to fill out a Reservation Agreement form and pay a reservation fee to secure the unit. * Initial Documents: Prepare initial documents such as valid IDs, proof of income (payslips, bank statements), and marriage certificate (if applicable). All these requirements must be completed wthin 30 days from the reservation date. Once the owner's information sheet is completed the loan documents will be prepared for the buyer while they are completing the other requirements and they can sign afterwards.
- Financing Options: * Pag-IBIG Fund (HDMF): If you are a member, you may be eligible for a housing loan through Pag-IBIG. * SPOT CASH
- Contract & Legalities: * Contract to Sell (CTS): Once your financing is approved (or if paying in cash), you will sign a Contract to Sell. * Deed of Absolute Sale (DOAS): This is executed upon full payment of the property. It transfers ownership to you. * Other Legal Documents: Depending on the specifics of your purchase, there might be other documents.
- Payments & Amortization: * Down Payment: Typically paid in installments over a specified period. * Monthly Amortization: Regular payments for your home loan, starting after a month of loan takeout date.
- Notice of Approval: * The owner will reveive a notice of approval once the loan application has been approved. * A borrowers seminar will be conducted via zoom to discuss their loan application.
- Turnover & Move-In: * Notice of Turnover: You will be notified when your unit is ready for inspection and acceptance. * Punch-listing: During the inspection, you can list any items that need rectification. * Acceptance: Once satisfied, you sign the acceptance documents, and the keys are handed over to you. * Utilities & Other Fees: Be prepared for expenses related to utility connections (water, electricity) and other potential move in costs.
- Post-Turnover Support: * We offer customer support even after you've moved in, addressing any concerns related to the property as per warranty agreements. We are committed to guiding you through each step of this journey. Please don't hesitate to ask our sales representatives any questions you may have