*Buying Process via negotiated sale*

1. Identify properties you are interested in

Browse through the list and Identify properties you are interested in.

2. Contact BDO directly to get more property details

You can proceed and contact BDO directly to get more property details / payment terms / schedule an ocular, etc.

3. Do your due diligence

If you are seriously interested in a property/ies, you should do your due diligence (inspect the properties, verify the title/tax declaration, check what are the taxes and fees you will shoulder as the buyer, etc.). We recommend that you do the inspection personally. If you’re abroad, you can ask a trusted relative do the inspection for you, but I still recommend that you come home at least once to personally inspect the property yourself, before submitting an offer.

4. Choose your payment terms

In addition to cash payment, here are some of the payment terms

• Reservation Fee: 5% of selling price

• Minimum downpayment: 25% of selling price (exclusive of the 5% reservation fee)

• 70% balance: Payable over 5 years at 12% annual interest rate. Optionally, you may choose to get a loan takeout later either from BDO or other banks/lending institutions. Call BDO for details.

By the way, since payment terms often change, most especially the interest rates, always call the bank directly to get what currently applies before you submit your offer(s).

5. Submit an offer

If the property/ies you are interested in pass your due diligence, you can go ahead and submit an offer, inclusive of the 5% reservation fee. Call BDO directly to get all details and complete list of forms and requirements.

Note: If your target property is under promo, you can submit an offer up to 20% below the listed price. All offers are subject to management approval.

6. Wait for your offer to get approved/disapproved

a. If your offer was approved, your 5% reservation fee becomes part of the downpayment, and BDO will assist you with finalizing the purchase. You need to choose between cash payment (usually due in 30 days after notice of approval), in-house financing, or bank loan (you need to finalize your downpayment amount/ years to pay for the balance and interest rate, submission of requirements, contract signing, when you can move-in, etc.)

b. If your offer was not approved, your reservation fee will be returned to you.

c. If the BDO received multiple offers including yours, you might be invited to participate in a sealed bidding to determine which bid will be accepted. If ever this situation arises, BDO will contact you and explain the whole process.

*This is just a guidelines*

For more info: Go to BDO website