HOUSE COMPLETION
For ready for occupancy (RFO) house units, house completion is usually from 0 to 3 months or 4 to 7 months (others 6 to 9 months). For those who avail their house units through cash, it is usually 0 to 4 months. This will give you ample time to accomplish the necessary requirements, final house finishing by the developer as the house unit is already constructed and inspection of the house unit before you move in and payment of down payment for those who avail the house unit through a housing loan. RFO house units are usually limited (only 1 to 5, rare 6 to 10 house units are available in most completed subdivisions where almost all house units are sold out) and the installment down payment term is also shorter (usually 3 months to 6 months, rare up to 9 months).
For our pre-selling house units, completion is from 9 to 12 months, 12 to 15 months, 15 to 18 months or 18 to 21 months. For those who avail their house units through cash payments, it is usually 9 to 12 months. This will give you time to accomplish the necessary documentation requirements, construction and house finishing of the house unit by the developer, inspection of the house unit prior to move in; and more time to pay for the down payment for those who avail their house unit through a housing loan so that it will not to be simultaneously paid with their monthly loan amortization.
Choose one that is most convenient for you based on your plans of move in and budget. Most overseas buyers choose house units with 12 to 15 months completion especially those who have 2 years renewable contract; just in time when they come home, the house unit is ready for move in. Others choose 18 to 21 months if their stay overseas is longer. The choice depends mainly on the buyer. We are only here to assist or help, give suggestions or options.
MOVE-IN
For house units obtained through in-house financing:
a. A buyer will be allowed to move in if down payment is fully paid, post dated checks for monthly amortization have been issued and all documentation requirements are complied with.
b. Buyer should secure the Authority/Clearance to Inspect after 60 days upon the receipt of Notice of Completion (NOC); otherwise, the unit will be deemed accepted. Anything that the buyer wants to be fixed within this period (60 days) will be done by the developer at no cost but beyond this period, anything that the buyer wants to be fixed will be at his/her expense. So, it is important to check the unit within the prescribed period in order not to incur additional expenses.
c. Buyer must secure Authority to Move In from the Head Office upon the receipt of Certificate of House Acceptance from the site.
d. Unit is considered 100% complete once accepted by the buyer.
e. Early Move-in: Unit is ready to be occupied; monthly amortization will start 30 days from the date of Clearance of Inspection (CFI).
For house units obtained through Pag-Ibig Financing: The buyer will move in if there is a take out order from Pag-Ibig (No take out, no move in policy).
For house units obtained through Bank Financing: The buyer can move in once there is a take out notice from the bank.
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