PRO-FRIENDS Buyer’s Guide

So you are ready to finally invest in a home through PROFRIENDS. But where do you start? What are the things you must know? How do you reserve a unit? What are the policies? What are the financing methods? Who do you talk to? What papers or requirements must you submit? How long do you have to wait before moving in? It’s good that you are here because your questions will now be answered! Read this buyer’s guideline to help you with all your queries.

1. Visit your prospected model unit personally or schedule it through your agent and representative (relatives or trusted friend). Take note of the unit features, design and location. Bring your reservation fee; booking of unit is a first come first served basis only.

2. Once you have decided to purchase on a particular housing project, ask your agent/representative for the best location within the village. These include the position of the house (facing east which is a “morning sun” type or west?), the distance from the access roads, etc. Block / lot number and house color are also decided within this point.

3. After having an available unit ready to be reserved, go to the reservation office to reserve that unit. You’ll be given BIS (Buyer’s Information Sheet) and Reservation Agreement Form that needs to be filled out during the reservation process. You will also be asked which financing mode and terms of payment you would want your housing mortgage to be.

For those who chose Bank Financing as payment method, you can start the move-in process on your 16th month of down payment period and once bank has approved the loan through a Letter of Guarantee certification. These two (2) requirements must be present before you’ll be able to move-in. In case your loan is still pending due to unsubmitted requirements needed for loan processing, moving-in on the 16th month will not be allowed.

 For those who chose In-House Financing as payment method, you may move-in on the 16th to 18th Month while paying your down payment and submission of full requirements (documents & postdated checks). No need for loan take-out.

For those who chose spot cash or spot full down payment for non-RFO (Ready for Occupancy Units) house completion and turnover will still follow by Developer’s house completion schedule as shown in the Inventory Sheet. For those who chose spot cash or spot full down payment also but for RFO, present Notice of Completion and you may move-in immediately.

Take note that once that house has been turned over to you, you would have to make the necessary arrangements for water, electrical, and landline/Internet connectivity. Association Dues must be paid, too. There is a centralized water system so there would be no need for your own household water tank. Thanks to the partnership with PLDT, Pro-Friends homeowners can now avail of PLDT’s landline and broadband services.

If you still have lots of questions, best contact profriends.com via landline (+632 491-7000) or email (marketing@profriends.com).

PRO-FRIENDS’ Certified Agents and Brokers

Property Development Company PRO-FRIENDS (Property Company of Friends Inc.) has been in the industry for so long because of its quality workmanship and pool of professionals that make things happen. Pro-Friends has been recognized by many people and companies, thus helping further developments to rise and offer refuge to numerous Filipinos.

Profriends staff, agents, and brokers are all qualified and possess the drive to become dreams a reality. So this is a simple way to honor their efforts. And this is also a good way for interested homebuyers to meet credible agents and brokers.

Carlo Jesus Carolino

PRC Real Estate Broker No. 6087

info@lancasternewcity.ph

carlojvcarolino@yahoo.com.ph

+639178483195

http://www.lancasternewcity.ph/

Carlo Jesus Carolino is a Real Estate Broker in the Philippines with PRC License No. 6087. He can provide affordable house and lot for sale in Cavite ( Lancaster New City Cavite or formerly known as Lancaster Estates ) which is less than 20 minutes from MOA and NAIA Via Cavitex.

Lloyd Luna

LancasterCity.net@gmail.com

lloydluna@yahoo.com

+639277562777

http://www.lancastercity.net/

Lloyd Luna is a best-selling author, motivational speaker, and career expert in the Philippines.

Girlie de Leon

+639088951202

newcavitehouses@yahoo.com

http://www.newcavitehouses.com/

Clariz De Guzman

clarizdeguzman@gmail.com

bellefortphilippines@gmail.com

+63917-5003568 / +63917-7061888

http://www.bellefortphilippines.com/

Virgie Lazarte

Branch Manager - On the Go - Profriends, Inc.

Real Estate Broker Lic. 0007606

inquire@lancastercavite.com

+639175125471

Feel free to contact these agents and consultants. You may also contact Pro Friends directly via profriends.com. (+632) 491-7000 or marketing@profriends.com

About PRO-FRIENDS

For over a decade, PCFI has completed and delivered 15 projects. Currently, it has 11 on-going projects. The company has grown from being a provider of homes in small pocket developments, to medium rise condominiums and townhouses, as well as single detached units in estate developments for the higher end market. It aims to be a dominant leader and industry prime mover in property development in the country as their legacy to Philippine society.

Lancaster New City

Once called Lancaster Estates, Lancaster New City is the flagship project of PCFI because of its popularity and demand.

Bellefort Estates

The premier Cavite-based community of Bellefort Estates brings forth a relaxed upscale lifestyle to buyers or residents.

Carmona Estates

The quaint community found in Cavite is fairly distant from the hustle and bustle of the city yet fairly accessible as well.

Cedar Residences

Another quaint community in Cavite, Cedar Residences offers a serene abode to those weary of the loud, cramped, and fast-paced lifestyle of the city.

Garden Grove Village

Cavite-based Garden Grove Village promotes a healthier lifestyle thanks to its healthy environment.

Greensborough Subdivision

Another green community, Greensborough offers affordable housing in a healthy environment.

Monticello Villas

Found in Iloilo, Monticello Villas is a private haven for Ilonggos. Accessible and affordable, Monticello houses are within budget’s reach.

Parc Regency Residences

Offering a more upscale community, Iloilo-based Parc Regency Residences allows dreamers to finally realize their dream home in a paradise-like community.

The Palms Lakeshore

The Palms Lakeshore is the premier development project in Pampanga that offers a heavenly community to Pampangeños. It is a classy community that has offers a scenic lake view.

PRO-FRIENDS: Investing in Housing Development VS Investing in Condominium Development

No matter how you look at it, investing in a home is wiser than investing in a condominium. If you are the developer, of course it would be gainful for you to develop a condominium. But if you are a buyer, it would be better to purchase your own home.

Purchasing a home allows you to live on a property that is solely yours. The house and the land it is standing on will be entitled to you as stated in the deed or title. Plus, land does not depreciate. Its value grows over time.

Unlike a house or townhouse that entitles a buyer to Transfer Certificate of Title (TCT), a condo space will give you a Condominium Certificate of Title (CCT) but the whole building is not yours. The title only declares that you own that space. Take note of “space”, not “land”. TCT on the other hand entitles you both inside and outside of the house/townhouse up to the overall lot’s boundaries.

Now, some developers are considering this and offers shared ownership of the condominium’s common areas and the entire land that the condominium project stands on is owned in common by all the homeowners. That’s good but like mentioned earlier, only “some” developers offer that so be sure to check the contract and master deed thoroughly and ask the right questions when talking to the agent or developer.

You will also be entitled to pay association dues like when buying a home in a private village so it really would be best to invest in a house. Moreover, a condo space depreciates over time especially if the space becomes old or unkempt and if the building becomes old and unkempt as well.

They say that a building’s life is 50 years only. Actually, that is just estimation. It really depends on the durability of the building. The building will only be demolished when owners vote to either sell the land and the scrap from the demolished building, deduct the cost of demolition and divide the net proceeds among the owners, OR

strike a deal with the original developer or another developer to build a new condominium on their land. But until such time that the new project is completed, the owners will have to live in a temporary home which may take 2 to 4 years (source: pinoydreamhousetoday.com)

Such a floating property won’t be a good thing to give future generations as inheritance as well. It’s something but it’s not purely consistent and tangible. It can be quite a handful, too, for them.

Also, so many condo spaces are priced at the same value of houses or townhouses. Why purchase such a limited living space with a price tag that has the same price tag as a house and land? Weigh the pros and cons for you before purchasing a condo unit.

If you have made your decision and finally plan to purchase a home instead, then contact PROFRIENDS (Property Company of Friends Inc). Affordable and quality housing are offered in various locations. Visit profriends.com today!