1|Page

7-Steps Home Buying Process Christopher Balbuena

7-Step Home
Buying Process
Christopher Balbuena

Grab free real estate & investing articles at

www.propertyninja.com.ph

COPYRIGHT 2017 INNOVARE REALTY SOLUTIONS CORPORATION

2|Page www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

7-Steps Home
Buying Process

Ive had a lot of worries in my life, most of which never

happened Mark Twain

3|Page www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

Introduction
Buying a Home dont seem easy because of the hassle
you have to go through here unlike when you buy food,
shoes, jewelry, books or supplies, you just go the restaurant or
shop, pay what you like and get your item.

Luckily, weve listed the process of buying a house so

that you may be guided on what to look for in particular.

This dont mean that you follow it to the letter but this is
the usual step by step people have to go through. The
process goes something like in the diagram above and listed
below:

Step 1. List Needs

Step 2. Consultation

Step 3. Site Viewing

Step 4. Reservation

Step 5. Documentation

Step 6. Inspection

Step 7. Move-in

To better understand each of the steps, we have

explained it further on the next pages.

4|Page www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

Step #1: List Needs

First of all, when planning to get a property, think of the
purpose of buying a home.

This is important so that you eliminate second thoughts

of abandoning the transaction and not waste money with
your reservation fee plus expenses.

Your purpose in buying a house include: as personal

use, as a rental or investment unit, as a gift to someone you
love, as a savings vehicle, or as a vacation.

After establishing your purpose, choose a location. This

may be near Ortigas, Makati, BGC, Cavite or Bulacan. Is it to
be near your work? Near your relatives? Near your business?
Or something near an important place for you? Decide this
early to greatly eliminate unnecessary burden.

When you have your purpose, next is to establish the

maximum amount you are willing to shell out. This is crucial
because your agent may recommend payment terms that
can help you match your monetary capability and unit you
intend to purchase.

Payment terms such as low down payment scheme

wherein 5% initial down payment, 15% second down payment
staggered to 24 months and the 80% balance thru bank or
cash payment so you wont have to borrow money from the
bank.

Then after determining your budget, establish the time

you want to use the property.

Do you want to use the property immediately or are

you okay to wait for it to be constructed?

It will depend on the purpose you had earlier. Also,

time of move-in is dependent on the payment term you
chose.

5|Page www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena
This property can be either a lot, house and lot or
condominium unit. You may already know this upon deciding
on your purpose of buying a property.

Last but not the least, list other considerations you want
for your property. Remember that other considerations are
listed as WANTS.

Wants are less important than the purpose, the

location, the payment terms, the time of move-in and the
property type because these wants are only add-ons or
something you like but not necessarily something you need.

Below are the List Needs Checklist:

PURPOSE: Personal Use / Investment / Gift / Vacation

LOCATION: __________________________________________

BUDGET: Cash / Spot down Payment / Staggered

MOVE-IN TIME: Now / Within a Year / Can Wait Longer

TYPE: Lot / House and Lot / Townhouse / Condo

OTHER CONSIDERATIONS: ___________________________________

____________________________________________________________
____________________________________________________________
____________________________________________________________

6|Page www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

Figure 1 List Needs

7|Page www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

Step #2: Consultation

After listing down your needs, you will search for
someone who can help you find what property you need.

You can find this someone by using Google or

Facebook. You may check the information of a Seller at the
back of this manual so you can ask inquiries / questions re-
garding what you need then recommend a property nearest
to your list.

Be sure that you only transact a licensed PRC and

HLURB real estate practitioner by checking their Real Estate
Salesperson or Real Estate Broker PRC & HLURB License
Number as compliance to RESA Law.

Click the links below to check whether the agent

youre transacting with is a licensed real estate practitioner:

PRC: http://www.prc.gov.ph/services/?id=16

HLURB: http://hlurb.gov.ph/services/brokers/list-of-brokers/

This practitioner has undergone training and seminar so

they may be able to answer your basic questions about
properties you are going to purchase.

You can find below the top 10 consultation questions

to ask property agents / brokers to cover everything you need
to know about the property and avoid surprises about
Hidden Charges a lot of people are talking about.

Top 10 Consultation Questions to ask real estate

practitioners about the condominium:

1. May I know your license number and your broker?

2. Does the project has an HLURB number already?
3. What are the other projects of the developer?
4. What are the amenities of the project?
5. How much is the condominium dues in the project?

8|Page www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena
CONDOMINIUM DUES are fees you pay on a monthly basis. It is
based on a per sqm basis. For example, Ortigas condominiums
have dues of P60 P90 per sqm per month dues. The dues are
used for security, building maintenance, amenities
maintenance, admin fees for Homeowners Association

6. Does the computation have the miscellaneous fee

already?
7. If miscellaneous fee is not included, how much is it and
what are the options of paying it?

MISCELLANEOUS FEES are documentation fees where title

transfer, documentary stamp tax, capital gains tax, notarial
services and administrative fees are covered.

8. Do I still have fees upon moving-in to my unit?

9. Is the condominium perpetual or leasehold ownership?
10. Where can I put my clothes after washing?

CONDOMINIUM OWNERSHIP means the type of ownership the

building has on the land it stands. PERPETUAL OWNERSHHIP refers
to ownership where the land is owned by the homeowners.
LEASEHOLD OWNERSHIP refers to ownership where the land is
rented out to another owner and will be returned after a
specified time in the future usually 100 years.

9|Page www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

Figure 2 Consultation

10 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

Step #3: Site Tripping

After consulting your needs list and asking your li-
censed agent / broker the top 10 consultation questions
about the property, set an appointment with them.

Developers are usually open within business hours, from

8am to 6pm. Their projects on site are open for viewing even
on Saturdays and Sundays.

Most of the Developers have tripping vehicles that take

you from a meeting point to the project site. However,
condominium developers, especially developers whose
projects are located in Metro Manila does not provide
tripping vehicles because of their proximity to the
transportation terminals.

It is best to set an appointment during non-peak hours

where you can avoid traffic. Be aware that 7am - 9am and
5pm - 7pm are peak traffic hours and it is best to avoid them.

It is also advisable to bring the requirements (look in

Chapter 2) upon site tripping.

This is to avoid setting another time for the submission

of the requirements and at the same time, reserve the unit in
your favor immediately. Some of the Developers also offer
time-based discounts so you are already prepared ahead of
time.

Expect your agent / broker to discuss this 5 Discussion

Points of every Project when Site Tripping:

1. Location Map the exact location of the property,

schools, hospitals, malls / supermarkets, accessible
transportations and key businesses in the area.

2. Project Brief be informed about who is the developer,

how many buildings and their turnover dates, know the
construction methodology, number of condo units and
11 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena
parking spaces.

3. Site Development Plan know the entrance and

emergency exit areas, pinpoint the location of lobby
and elevators, check the amenities and their location,
and be aware of the unit owners and guests parking
area.

4. Unit Features choose among the available floor plan

layouts (Studio, 1-Bedroom, 2-Bedroom, 3-Bedroom or
Parking Space); know what finishing will be installed like
floor tiles, kitchen tiles, bathroom tiles, room partitions
and wall paint; and know what cabinets / furniture will
be turned over to you.

5. Financing Options choose among the most

appropriate down payment that you can pay. You
can pay the down payment one-time or in 24 months.
Then choose among the housing loan available for
your unit. Bank financing, In-house financing, PagIBIG
Fund financing or cash payment.

After the agent / broker discussed the 5 Discussion

Point of the project, Keep in mind to look for these 6
Important Things to look for while site tripping as these will be
critical when you move-in to your unit:

1. Location of amenities in the building

2. Location of drying area (if there are any)
3. When can you put your washing machine?
4. What kind of air-conditioning unit can you install?
Window-type or Split-type? Where do you place the
condenser if ever Split-type?
5. Are there provision for range hood?

RANGE HOOD is a device containing a mechanical fan that

hangs above the stove in the kitchen. It removes heat, smoke
and steam coming from the kitchen

12 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena
6. What cabinets and furniture are included?
7. What is the floor-to-ceiling height? for consideration
of interior design, bed and other furniture

Figure 3 Site Tripping

13 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

Step #4: Unit

Reservation
After going around the project, being amazed on the
amenities, unit features and model units, its time now to
choose a specific unit for you to occupy.

Choosing a unit may be a little difficult especially for a

first time home buyer, but if you have the needs list above,
this will be a breeze.

Just remember these Top 5 Unit considerations when

choosing a unit:

1. Is my unit facing sun rise or sun set? Or neither?

2. Is my unit facing or away from amenities?
3. Is my unit near elevator or emergency exit?
4. Is my unit an inner, end or corner unit?
5. What floor will my unit be?

Other considerations will depend on your wants when you

get there.

You pay a reservation fee when you have chosen a

specific unit. This serves as an initial down payment to the unit,
holding the unit to your name.

Site officers will then ask you to submit some of the

requirements like valid IDs. Take note that it is recommended
to bring the requirements (stated in Chapter 2) when you
make the site viewing.

14 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

Figure 4 Unit Reservation

15 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

Step #5: Submit

Documents
After reservation of your chosen unit, submit the
remaining documents the developer will require you to
submit.

These documents should be submitted within 30 days

after reservation of the unit. Some developers may need you
to submit it earlier (7 days) or later (60 days) depending on
their policy.

You will be asked to sign contracts and loan

application documents to complete the title transfer and
loan processing needed for buying the property.

If the property has been constructed, loan documents

will be submitted to the financing institution like Bank or
PagIBIG fund. These financing institutions will then investigate
your account, approve then give the loan amount to the
developer.

FINANCING INSTITUTIONS are companies or organizations who

are capable of lending you money for the asset you will buy like
a condo unit.

16 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

Figure 5 Submit Documents

Check the different requirements you will submit in the

next chapter.

Get the Requirement Checklist at the back of this free

report.

17 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

Step #6: Unit

Inspection
When the developer receives the full loan amount
from the Bank, you will receive a notice to inspect your unit
(yahoo!!).

In this step, check your actual unit if they are in good

condition.

It is recommended that you bring with you someone

you know who has knowledge in construction like engineers,
architects, foremen or construction workers to help you
inspect your home.

In the event that you dont have someone to help you,

the developer will send out an engineer with you while you
inspect so that he / she may help you check for parts in bad
condition.

Dont worry, professionals in construction are objective

in their work and will not always side with the owners because
they can point it out to the contractor the punch lists who
made your home to resolve the errors.

A PUNCH LIST is a document prepared near the end of a

construction project listing work not conforming to contract
specifications that the contractor must complete prior to final
payment. The work may include incomplete or incorrect
installations or incidental damage to existing finishes, material,
and structures.

If you want, I have also inserted a home inspection list

at the back of this book so that you can bring this as a guide.

18 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

Figure 6 Unit Inspection

19 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

Step #7: Move-In

When punch lists has been repaired and your property
is in good condition, you will sign the move-in document
before the developer will give you the keys of the house.

Renovate your units interior to how you like, paint it

with the color you want, add cabinets, install different tiles,
add lighting fixtures, add more convenience outlets, design
the placement of your furniture, add wall papers, replace
doors or windows, innovate ceiling, install bathroom fixtures,
install air conditioning units, extend rooms, put balcony,
decorate landscaping garden and so much more.

Then purchase your sofa, bed, tables and chairs, TV

sets, computer, range hood, washing machine, lights and
more.

You may call in an interior designer like to design your

home in your behalf.

Or call in a contractor to construct the renovations you

have made.

Then bring in your valuable things to your brand new

home!

20 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

Figure 7 Move-In

21 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

Conclusion
Home buying should not be that very complicated as
the buyer. You just have to follow the home buying process as
described.

First, list your needs before searching for a property so

that you will be focused on what you really need. Just fill up
the List Needs Checklist in Step #1.

After listing your needs, consult someone who have

knowledge of properties you are looking for. Ask the Top 10
consultation questions to help you determine the conformity
of the project to government as well as the trustworthiness of
your agent / broker.

When consultation is done, visit the site to see the

actual property you are about to undertake. Expect the 5
discussion points the agent / broker will present to you.

Ask the 6 important things to look for in a unit.

Bring your requirements upon visitation so that you are

prepared when you reserve a unit immediately.

Reserve a unit after you meticulously selected the Top

5 Unit considerations.

Submit all required documents to complete the loan

process and title transfer. The developer gives you ample time
to complete the necessary.

When the developer sends you a notice to move-in, it

is time to inspect the unit for acceptance.

Inspect your unit by bringing the Home Inspection List

at the back of this guide.

Relocate your things, design the interior of your unit,

and buy new appliances to make your move-in an enjoyable
one!

22 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena
In the next chapter, check the requirements you need
to prepare so that you are well prepared when the time you
buy your property.

Figure 8 Home Buying Process

23 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

REQUIREMENTS
FOR SUBMISSION

Home is where one st art s from

T.S. Eliot

24 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

Introduction
Buying a Home is also not just about paying the
amount you are supposed to pay, but it also includes the
documents that you have because these documents will be
used to transfer the title to your name. So be patient to
complete them.
Dont worry, we have listed below the common
requirements, a sample, whats the importance and how to acquire
them.

List of Common Requirements:

1. 2 valid ID

2. Birth / Marriage Certificate

3. Community Tax Certificate / Cedula

4. Certificate of No Record of Marriage (CENOMAR)

5. Proof of Billing

6. Pay Slip (Latest one month)

7. Certificate of Employment with Compensation (COEC) / Job

Contract (if working abroad)

8. Income Tax Return (ITR)

9. Bank Statement

10. Business Documents

11. Post Dated Checks (PDC)

12. Special Power of Attorney (SPA)

Below are other documents that you should sign but will be
given to you by the Developer once unit has been reserved.

Other Documents for Signature:

25 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena
1. Developer Documents

A. Contract to Sell (CTS)

B. Reservation Agreement (RA)

C. Deed of Absolute Sale (DOAS)

2. Loan Documents

3. Insurance Documents

26 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena

Common
Requirements
This is the list of common requirements, its importance
and how to acquire it:

1. 2 valid ID
The identity of the principal where the title will be
named is important thats why identification cards are
included in this list.

This may include Passport, Drivers license, PRC license,

SSS Id, Philhealth, Tax Identification Number (TIN), Company
Id, Voters Id, and Postal Id which can be acquired depending
on the license you want to get.

2. Birth / Marriage Certificate

Documents especially the title, needs to have the
details written here about the principal. This is because there
are stipulations in the RESA Law that requires these
information.

These information include the nationality, marriage

status, birthdate and birthplace.

This document can be acquired from National Statistics

Office (NSO) where Birth Certificate will be required for single
principal while Marriage Certificate will be required for
married principal.

3. Community Tax Certificate (CTC) / Cedula

CTC, also called Cedula, is a residence certificate
and a legal identity document in the Philippines.

This can be acquired from municipal hall and will be

used for notarial of Contract to Sell, Deed of Sale and loan
documents.

27 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena
4. Certificate of No Record of Marriage (CENOMAR)
This can be acquired from NSO also stating that a
person has not contracted any marriage.

5. Proof of Billing
This may include electricity bill, water bill, telephone
bill, cable bill or postpaid bill. Credit Card bill may be used but
as a supplementary only to some Developers.

If the bill is not in your name, make an Authorization

Letter stating that the landlord / landlady is authorizing you to
use the bill as a part of the requirements to purchase a
property. If they are not physically present, you may request
the Baranggay hall to issue a Baranggay Certificate that
states that you are a resident of the neighborhood.

6. Pay Slip
This can be acquired from the employer you are
working for on a regular monthly or bi-monthly basis. This is
where your monthly income, deductions and taxes are
reflected.

7. Certificate of Employment with Compensation (COEC) / Job

Contract
This can be acquired by requesting to your Human
Resources (HR) Department and can take as fast as two days
to a month depending on the company.

Let your request include the compensation you are

receiving, allowances, deductions and taxes so that the
Developer can clearly check your financial capability.

If the Certificate is not in English language, you should

approach a translating service such as <TRANSLATING
COMPANY> so that it is easily understood by the Developer.

8. Income Tax Return (ITR)

This can be acquired by requesting to your Human
Resources (HR) Department or you may have it secured
yourself because it is annually returned to you.
28 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena
Developers usually require at least 2 years of ITR.

If you dont already have the updated year, just submit

the latest ITR that you have.

If you only have 1 year equivalent of ITR, it can be

sufficient enough as a requirement.

If you are new to your company, latest 1 month pay

slip and COEC may suffice but they may require you to have
a co-borrower for the loan.

9. Bank Statement
This is the Statement of Account of your savings or
checking account. This is required particularly in self-
employed or business-owned company as you may not have
a pay slip or COEC.

This can be acquired by requesting to the bank of your

savings or checking account.

Take note that Developers want, at the minimum, of at

least latest six months of Bank Statement.

10. Business Documents

These include Securities and Exchange Commission
(SEC) or Department of Trade and Industry (DTI) Certificate,
Articles of Incorporation, Business / Mayors Permit, Tax Form
2307, Audited Financial Statement (AFS), and General
Information Sheet (GIS).

Developers require these documents to self-employed

or has business-owned individual.

11. Post Dated Checks (PDC)

As stated above, this is an equivalent security payment
to the Developer even if the payment is in the future date.

This can be acquired if you have an existing savings

account (6 months) and with a minimum balance depending
on the Bank.

29 | P a g e www.propertyninja.com
7-Steps Home Buying Process Christopher Balbuena
PDC can also be acquired by requesting a referral
letter from the Developer in case you dont have a savings
account (six months) with a minimum balance.

12. Special Power of Attorney (SPA)

This is a required document if the principal is working or
living abroad. This is an authorization to a representative living
in the Philippines to act in behalf of the principal abroad.

This can be acquired from the Developer but it should

be notarized or consularized.

If the principal is still in the Philippines, SPA form can be

legally binding thru notarization but if the principal is in
abroad, it can be legally binding thru consularization wherein
the consulate will include a red ribbon.

CONSULARIZATION is a term used to

authenticate/acknowledge documents particularly SPA form in
the Embassy/Consulate General

30 | P a g e www.propertyninja.com
 OTHER
REQUIREMENTS
This is the list of other requirements, usually coming from
the Developer or Financing Institution for the principals
signature, its importance.

1. Contract to Sell (CTS)

Contract to Sell is an agreement in which the
Developer agrees to sell something to a buyer, which is you in
this case, at a time in the future, and you agree to buy it.
(Source: http://dictionary.cambridge.org)

2. Reservation Agreement (RA)

This is an agreement between you and the Developer
of the Project involving a written statement of intent to buy
and sell a property. This is not a binding document unlike CTS.
(Source: uk.practicallaw.com)

3. Deed of Sale (DOS)

This document is also a property title. It is an authentic
deed drafted and signed by a notary public, which makes
mention of the legal situation of the building and its nature.
(Source: https://www.leshypotheques.com/)

4. Loan Documents
This is a document that records the loan agreement
between you (the borrower) and lender (either Bank or
PagIBIG Fund).
(Source: http://www.businessdictionary.com)

5. Insurance Documents
These are the documents issued by the insurer to
arrange the compensation in the event of damage or loss of
property, or injury to or the death of someone, in exchange
31 | P a g e
 7-Step Home Buying Process
for regular advance payments to a company or government
agency.

6. Buyers Information Sheet

This is a document in which your basic information like
full name, home address, office address, phone number, Tax
Identification Number and so on are enumerated.

32 | P a g e www.propertyninja.com.ph
 7-Step Home Buying Process

Conclusion
To complete the process of buying a house, your
requirements are essential.

It is the basis of developers and financial institutions to

transfer the name of the title to you as the principal owner of
the unit. They are the source of information from you.

Dont worry, you dont have to provide all the

requirements listed here.

Just provide the required documents as needed.

The list is just a guide as to what is the document and its

purpose and where to get each one.

33 | P a g e www.propertyninja.com.ph
 7-Step Home Buying Process

CHECKLISTS

Dont let yest erday use up t oo much of t oday.

Cherokee Proverb

34 | P a g e www.propertyninja.com.ph
 7-Step Home Buying Process

Home Inspection
Checklist
Use a checklist like this to make sure that you are
looking at all parts of the condominium. Put YES to those
items that are in good condition and make notes about those
that are not. (Not that this list describes an ideal
condominium, but in our experience no condominium if
perfect not even brand new ones!)

This checklist should not be relied upon as a home

inspection report, nor should it be considered a substitute for a
home inspection. This list is representative, but NOT exhaustive.
If you require a condo inspection, contact a qualified,
educated, licensed, experienced ASHI certified home inspector
in your area.

I TEM DONE? REM AR KS

GENER AL
1 Fire extinguisher found?
2 Emergency exit present?
3 Sprinklers working?
4 Smoke Detec tors working?

LIVING AREA
1 Are cracks/chips found in the floor?
2 Are cracks found in the walls/ceiling?
3 Do you see lumps / discoloration in
the wall & ceiling paintings?
4 Properly working Elec trical Outlets?
5 Properly working Light Fixtures &
Switches?
6 Can you open, close and lock
windows properly?
7 Can you open, close and lock doors
properly?

BEDROOM
1 Are cracks/chips found in the floor?

35 | P a g e www.propertyninja.com.ph
 7-Step Home Buying Process
2 Are cracks found in the walls/ceiling?
3 Properly working Elec trical Outlets?
4 Properly working Light Fixtures and
Switches?
5 Can you open, close and lock
windows properly?
6 Can you open, close and lock doors
properly?

KITCHEN AREA
1 Ali gned & leveled cabi nets?
2 Can you open and close cabinet
doors easily?
3 Can you open, close and lock doors
properly?
4 Properly installed Sink?
5 Are holes/dents under the sink not
found?
6 Properly working Faucet Handles?
7 Water flowing from the faucets?
8 Are cracks/chips found in the tiles or
floor?
9 Do you see lumps / discoloration in
the wall & ceiling paintings?

DINING AREA
1 Properly working Elec trical Outlets?
2 Are cracks/chips found in the tiles or
floor?
3 Do you see lumps / discoloration in
the wall & ceiling paintings?
4 Properly working Light Fixtures and
Switches?
5 Can you open, close and lock
windows properly?
6 Can you open, close and lock doors
properly?

BATHROOM
1 Are crack/chips found in the
tiles/floor?
2 Even and clean floor?
3 Are cracks found on walls and
ceilings?
4 Do you see lumps / discoloration in
the wall & ceiling paintings?
5 Properly working Elec trical Outlets?
6 Properly working Light Fixtures &
Switches?
36 | P a g e www.propertyninja.com.ph
 7-Step Home Buying Process
7 Can you open, close and lock
windows properly?
8 Can you open, close and lock doors
properly?
9 Are cracks not found in the mirror? I s
it level?
10 Straight and c orrectly placed Towel
Bars?
11 Toilet Paper Holder level?
12 Ali gned and level cabinets?
13 Properly working Shower? Water
coming out from the Shower?
14 Properly working Water Heater?
15 Can you open and close Shower door
properly?
16 Exhaust fan properly working?
17 Can you open and close cabinet
doors easily?
18 Can you open, close and lock
windows properly?
19 Are cracks/chips found on the
Kitchen countertop?
20 Properly installed Sink?
21 Holes/dents not found under the sink?
22 Properly working Toilet Flush?
23 Water flowing from the faucets?
24 Faucet handles in good condition?
25 Bathtub in good condition?
Cracks/chips not found?

37 | P a g e www.propertyninja.com.ph
 7-Step Home Buying Process

REQUIREMENTs
Locally Employed
2 pcs 1x1 Id pictures
Birth Certificate/Marriage Contract
2 Government ID (for Principal & Spouse)
Latest Certificate of Employment with Compensation
Latest 2 months payslip
Latest 2 yrs. Income Tax Return (ITR)
Certificate of No Marriage (CENOMAR)

OFW
2 pcs 1x1 Id pictures
Birth Certificate/Marriage Contract
2 Government ID (for Principal & Spouse)
Latest Certificate of Employment with Compensation
Latest 2 months pay slip
Latest 2 yrs. Income Tax Return (ITR)
Certificate of No Marriage (CENOMAR)
Oath of Allegiance-Dual Citizenship (if without latest Phil. Passport)
2 sets of original Consularized SPA form
Latest Passport with arrival and departure stamp

Self-Employed/Business Owner
2 pcs 1x1 Id pictures
Birth Certificate/Marriage Contract
2 Government ID (for Principal & Spouse)
Latest Certificate of Employment with Compensation
Latest 2 yrs. Income Tax Return (ITR)
Latest 2 yrs. Audited Financial Statement (AFS)
Latest 6 months Bank Statement
Latest Business/Mayors Permit
Latest DTI or SEC Registration
Secretary Certificate (if any)
BIR Tax Receipt

38 | P a g e www.propertyninja.com.ph
 7-Step Home Buying Process
NOW YOURE READY TO BUY YOUR FIRST HOME!
Weve covered the seven essential steps on the road to
buying your first home.
Step 1
List Needs

Step 2
Consultation

Step 3
Site Tripping

Step 4
Unit Reservation

Step 5
Submit Documents

Step 6
Unit Inspection

Step 7
Move-In

Now that youve read this guide youre armed with all the
essential information so that you can buy your first home hassle-free.

But home seeking and buying doesnt mean you have to go

it alone! The friendly and knowledgeable Real Estate Practitioners
and experts at Innovare Realty Solutions are ready to assist you with
every inquiry. Lets buy your first home today!

Give us a call today at +63917.593.2869 or send an

email to [email protected]. We look forward
to being a part of your home.
- CRB Chris Balbuena, Innovare Realty Solutions Broker

39 | P a g e www.propertyninja.com.ph
 7-Step Home Buying Process
About the Author

Christopher Balbuena is a duly licensed Real

Estate Broker in the Philippines. He is also the
Owner/President/CEO of Innovare Realty
Solutions Corporation, an accredited marketing
arm of Real Estate developers. He is a present
member, a former VP External and a former VP
Management Information System (MIS) of REBAP
BGC Chapter, a prestigious organization of Real
Estate practitioners in the Philippines.

Chris is also a trainer, blogger, author and self-proclaimed financial engineer

who is passionate about teaching people on how to sell, market and invest
real estate products.

Visit www.propertyninja.com.ph and www.innovarereatly.weebly.com for

more details.

About the Free Report

7-Steps to Home Buying is a home buying guide for first-time buyers

particularly of Condominiums for a worry-free transaction from searching a
property until moving-in to the unit.

What you will learn:

Learn the 7-Steps to Worry-Free Home Buying.

Get List Needs Checklist to plan right away what property you
are searching.
Know the Top 10 Consultation Questions you should ask
agents/brokers to determine what you will ask over the phone.
Know the 5 Discussion Points every agent/broker presents during
Site tripping so you can tell if the agent/broker knows the basic
information of the project.
Determine the 7 Important Objects to look for during Site Tripping
The Top 5 Unit Considerations when choosing a Condo unit upon
reservation.
Know the requirements and the way to get it upon buying a Condo
Get the Condo Home Inspection Checklist to use when inspecting
before moving-in.
Get the Requirement Checklist to use as a guide when submitting
documentary requirements to the developer.

40 | P a g e www.propertyninja.com.ph