About House Reservation

What are the steps and procedure in reserving a house?

Fill up completely and sign a Buyers Information Sheet and Reservation Agreement form. A representative may sign in Buyers behalf. Submit them to Profriends Reservation Officer for verification. Onced approved, pay the reservation fee to the Cashier. Receive and bring home all loan documents given by the Reservation Officer. Be sure you read and understood the terms and condition in the Contract to Sell. Congratulations! The house is now duly reserved in your name.

What is a Reservation Fee?

The Reservation Fee closes the sale on a first-come, first-served basis. Reservation payment will hold the house for you. No payment No reservation. It forms part of the downpayment (DP). It is non-refundable in case the account is cancelled.

How much is the Reservation Fee?

Alice Php 7,500.00 Catherine & Diana Php 10,000.00 Sophie, Margaret, Gabrielle, Alexandra Php 20,000.00

Are there discount on Reservation Fee?

Yes, when there is a Promo. Please take note:
Reservation discount is not transferrable. Once you decide to transfer to another unit, you will pay full amount of reservation fee.

When does the reservation payment expire?

Your reservation payment is valid for 30 -45 days.

Can you transfer the reservation payment?

Yes, subject to approval:
Transfer is only allowed within 120 days from reservation date. Transfer is allowed to nearest relatives only. Transfer is allowed to another project provided same developer. When theres new price increase, it may apply during transfer. A transfer fee of Php 3,000.00 is charged upon release of approval.

How can you reserve a unit?

You must fill up a form Buyers Information Sheet (BIS) and a Reservation Agreement (RA) then pay the reservation fee at any Profriends offices Main, Imus & Site Offices.

What is Reservation Agreement (RA)?

The Reservation Agreement (RA) is a 7-page form that identifies the property you will purchase and its specifications. For example: Project, Block and Lot No., Lot Area , House Type, Floor Area and Schedule of Payment Also stated in the Reservation Agreement that reservation payment is not refundable.

What are the grounds for cancellation of the Reservation Agreement?

Failure to appear in person for loan counseling. Failure to pay the first DP, in which case the Reservation fee (RF) is forfeited. To avoid forfeiture, you must submit/email a Promisory Letter stating the date of payment. Failure to remit any three (3) consecutive monthly installments or amortizations; Failure to submit within the prescribed period any of the documents that may be required by Pro friends or the financing institution; Willful misrepresentation or falsification of any document submitted; Voluntary withdrawal from the Reservation Agreement (RA) for any reason whatsoever.

Can you pay the downpayment immediately during reservation?

Yes.