The Ins and Outs of Property Reservations

You are eyeing this superbly-landscaped, conveniently-located property from your work and you really want to get your hands on it. However, your preferred Philippines properties are selling like hotcakes. What will you do next? Simple: reserve!

Think of property reservation as a deposit when you rent a house, apartment or condo only that the rented space will not be yours in the future. After paying the reservation fee, you will be entitled to own the property unless the reservation period is exhausted without paying fully or partially (downpayment).


Making reservations is very easy. In fact, you can now reserve any of the new houses for sale Philippines online. You just need the following:

  • seller/property specialist,
  • reservation fee, and
  • Reservation Agreement Form.

With the help of the seller, you must determine the availability of your chosen property. After confirming its availability, you may continue to reserve online. Look for the ‘Reserve Now,’ ‘Reserve Online’ or ‘Reserve Here’ button on the developer’s website and proceed accordingly.

Make sure that the Reservation Agreement Form is duly accomplished with all the details and signature at the right places. Usually, the developer or seller can give you a copy of the Reservation Agreement Form if it is not available on the developer’s website. If it is, just print and sign the form. Mail or fax the form to the developer’s office before you reserve your chosen property from the list of properties Philippines online.

Afterwards, you need to pay the required reservation fee. The amount of the reservation fee differs depending on the developer and type of properties Philippines. It can be anywhere from ₱5,000 up to ₱100,000. You may pay the fee in cash or through:

  • bank deposits,
  • online bank transfers,
  • remittance centers, or
  • credit cards.

A proof of wire transfer or remittance is required, which you can also fax or mail. Upon receipt of the reservation fee, the developer will issue an official receipt. Make sure that what you have is an official receipt and not an acknowledgement receipt. Some developers also send welcome letters.

Be reminded also that the validity of the reservation of new houses in the Philippines is only 30 days, after which you have to make a partial or full payment before or on the 30th day from the date of reservation.

Other things that you need to know regarding the reservation of new houses for sale Philippines:

  1. Is it deductible? Yes, reservation fees are deductible from the total selling price. Some developers deduct the reservation fee from the downpayment.
  2. Is it refundable? No, reservation fees cannot be refunded to the person due to the missed selling opportunity the developer suffered from.
  3. Is it transferable? The answer will depend on the reservation policies of the developer. If the transfer is permitted, expect a transfer fee or charge.

Take note that not all new houses for sale Philippines require a reservation. Check with the developer or your seller so you would know what to do next. Do not make a reservation unless you are 101% sure that you will buy the property.


Real Estate Selling: Five (5) Basic DIY Tips To Stage Your Home

One key to making a sale in real estate is by setting up your property the right way. Say, if you have properties for sale in the Philippines like condos for example, it should be able to cater to Filipino taste and culture. They are your main target so understanding their wants and needs is essential in real estate selling.

Another aspect to consider is what is popularly known as home staging. With home staging, you are prepping your properties in the Philippines, or your houses I should say, with the intent of showcasing their best assets. You make them incredibly appealing and very welcoming, so much so to impress potential homebuyers, to let them know what they would be missing should they opt to ignore the opportunity and to make them decide in the end to do the purchase altogether.

If you are in the process of putting your house on the market without the aid of a realtor, you would need some home staging techniques to boost your deal against your competitors. Here are five (5) basic do-it-yourself tricks to help you out.

1.       Make everything squeaky clean and neat. Be thorough. Inspect all nooks and crannies for possible dirt. Ensure that all surfaces are free of dust – the table top, the chair arm rest, the appliances. Run your fingers across them to test if they are spotless. Look at your mirrors. Your reflection should be crystal clear on them. Your windows should allow the morning sunlight to pass through it brightly. Organize your kitchen neatly. See that your bathroom sparkles. Take out the trash. Most of all, check your front door and lawn. There should be no hint of debris or leaves scattered around the area.

clean and neat2.       It should smell good and homely. Use spray neutralizers all throughout your home. Make sure that all materials made of fabrics are fresh and scented with fresheners. Choose a scent that is light yet pleasing to the nose. Avoid strong fragrance as this could turn off people who are sensitive to powerful scents. Create an inviting aroma in the dining room. Bake cinnamon-coated apples in the oven to get rid of other odors from last night’s dinner or the like.

3.       Focus on storage space and remove traces that you are the current inhabitant. One of things that buyers are usually interested in is the place where they could store their stuff. Is the closet big enough for their personal belongings? Do you offer a good place for their books and work area? On the same note, they should also be able to visualize themselves as future homeowners so it would be wise to put away pieces that mostly define you – framed photos of your kids or personalized wall art bearing your family names.

storage room
4.       Portray a relaxed ambience. Play a classical piece on your music player to set the mood. A lil jazz perhaps or any relaxing sounds that would give the impression that they have all the time in the world. Prepare small snacks – cookies or bread and a fruit beverage. Remember your goal: make them feel at home.

relax ambiance
5.       Give them time to be comfy. Show privacy by letting them browse freely and with no hurry. Leave them alone for 10 to 15 minutes right after showing the features of your abode.  This would enable them to evaluate their surroundings without a stranger trailing hot on their heels.