BEFORE BUYING

1. Check if the Project has a Certificate of Registration and a License to Sell.

=You should ask the broker/agent of the owner/developer if the project is registered and has a License issued by HLURB:

- This can be verified at the On-Line Queries/HLURB website

(www.hlurb.gov.ph/Information and Communications Technology)

Division-ICTD, 9272731 for the list of projects covered with Certificateof Registration and License to Sell as well as any encumbrance thereon, 
e.g. Cease and Desist Order, Suspension of License, etc.- or you may
visit the nearest HLURB Regional Office  for this information 
(with this flyer are the names and addresses of HLURB

Regional Officers).

2. Visit the subdivision/condominium, where the house and lot or
condo unit to be purchased is located to know its natural topography,
viz: susceptibility to landslide, flooding, erosion, etc.

If the project is covered with a License to Sell, you may
 already enter into a Contract with the owner/developer.

However, there are things which must be checked:

a. The date of completion of the project as indicated in the License to Sell;
b. If the property is mortgaged, it should have a Clearance to Mortgage from the HLURB;
c. The facilities and amenities represented in the advertisement   Flyers/brochures are in accordance with the approved  subdivision/condominium plan on file with HLURB.                                      

WHEN BUYING

1. Check if the broker/agent is registered with HLURB/DTI;
2. Verify if the property has not been sold to other buyers with the
 Register of Deeds;
3. Check into your source of income whether you can afford to
 pay the equity and the monthly installments;
4. Check if the materials of the house or condo unit conform with the development standards and approved construction specifications
 submitted to HLURB;
5. Check whether the developer would pay for the water and electric
meters, the subdivision perimeter fence, etc;.
6. Check who would eventually operate the subdivision/condominium
water system.

BEFORE SIGNING THE CONTRACT TO SELL

1. Don't sign any blank form of the Contract;
2. Read thoroughly all the contents of the Contract more especially
 the terms and conditions in fine print; 3. Secure a copy of the  Contract
and all other documents that you have signed;
4. Make sure that the Contract is registered by the owner/developer
 with the Register of Deeds; 5. Pay directly to the owner/developer or
 the marketing agent authorized by said owner/developer only; and
6. Ask for an official receipt on all payments for your file.

WHEN ACCEPTING A HOUSING UNIT OR CONDOMINIUM UNIT

1. Inspect the unit if it complies with the approved plan and agreed specifications;
2. Check if the promised/advertised amenities and facilities of the project
are complete.

 Good Luck!!!

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