To get through the answers quickly you may click on the FAQ appropriate to the information you need:

General
Reservations
Converted to Sales/Contracted
After-Sales
Homeowners
Paramount Homes
Amenities and Availments
GENERAL Back to Top
 
  1. Why so many documents?
    As per government mandate, purchase of real estate property should be properly documented

  2. Is the Purchase Application Form (PAF) a binding document?
    Yes. The buyer is committed to abide by the payment terms and conditions stated in the PAF. This document shall be used as basis when making the CCT.

  3. What if the buyer is based abroad and cannot attend to personally purchase the property?
    The buyer should submit to Paramount a Special Power of Attorney (SPA) that designates / assign a representative to act on his/her behalf.

  4. Are dual citizens (Filipinos with foreign citizenship) allowed to purchase property?
    Yes. 1,500 square meters for urban, 1 hectare for rural.

  5. Can a property be named under a minor’s name?
    Yes. The parents should make an ITF (In Trust For).

  6. Are foreigners allowed to own property?
    Yes. It should be named under his/her corporation. Ownership of corporation should be 40% foreign and 60% Filipino
RESERVATIONS Back to Top
 
  1. What should I do to be able to secure the lot/ house and lot I want?
    House and lot packages/lots are on a “first come, first served basis.” You may make reservations by paying the reservation fee of the lot or house and lot you intend to purchase. The following are the non-refundable reservation fees for:
    1. Lot-only : P30,000.00
    2. House and Lot : P50,000.00

  2. How long does my reservation last?
    Reservation is good for only 30 days. Immediately upon payment of the reservation you need to pay the first monthly downpayment within the 30-day reservation period to ensure that the reserved property will not be sold to other buyers.

  3. In the event that I fail to pay the first monthly or the downpayment within the reservation period, what happens to my payment?
    Your reservation payment will be forfeited and the lot reserved will be open for sale.

  4. If I decided not to continue, can I get back the reservation payment I paid?
    Reservation fee is non-refundable.

  5. Is the reservation I paid deducted from my total contract price if I continue paying monthly amortization?
    Yes. It is part of the Total Contract Price.

  6. When shall I start paying monthly amortization?
    Within the 30 days reservation period.

  7. Can I transfer my reservation payment to another lot available?
    Yes, but subject to company policy and administrative fees.

  8. Can I transfer my reservation in favor of another person?
    Yes, but only to a relative up to 2nd degree of consanguinity

  9. What requirements do I need to submit to get a reservation?
    Please request from PPVI office and fill the following forms:
    1. Buyers Information Sheet
    2. Purchase Application Forms
    3. Special Power of Attorney
    4. Affidavit of Waiver(if foreigner spouse)
    5. Affidavit of Waiver of Interest
CONVERTED TO SALES | CONTRACTED Back to Top
 
  1. What are the requirements I need to submit if I decide to buy the property?
    For us to ensure that you will be able to own any of the properties we sell you need to submit the accomplished reservation forms (see FAQs under Reservation) along with the following documents:
    1. TIN Number (Fill-up Application for Tax Identification Number Form)
    2. Residence Certificate / Community Tax Certificate
    3. Latest photo of purchaser and spouse (2X2 size)
    4. Photocopy of Marriage Contract
    5. Passport / Visa

  2. How much is the downpayment?
    The minimum required Downpayment is equivalent to 20% of the Total Contract Price.

  3. Where can I make payments aside from paying directly in PPVI’s office?
    Payment Options can be sent thru any of the following:
    1. Bank to Bank transfer
    2. Post-dated Checks
    3. Bank Loan Take-out | Bank Financing

  4. If I paid in full, when can I get my Transfer Certificate of Title?
    Transfer Certificate of Title may be released six (6) months after full payment.

  5. If I pay in advance, what would be the advantages?
    For interest bearing account, the buyer will get a lesser interest amount.
AFTER-SALES TRANSACTION Back to Top
 
  1. What constitutes Cancellation of Contract to Sell?
    Cancellation of contract may happen when a customer voluntarily withdraws the contract between the company and the client.

  2. Can a Contract to Sell be terminated?
    Yes, like any kind of contract, a Contract to Sell can be terminated when an agreement between the company and the customer has been breached. The company has the right to terminate a contract to sell if for any reason, the company is lead to believe, that the contract has been violated.

  3. Do you accept Account Restructuring?
    Yes but on a case by case basis. For any restructured account this will serve will serve as a new payment agreement and subject to administrative fees.

  4. What’s Upgrading and Downgrading?
    Upgrading or downgrading or Amendment of Contract is when a client wishes to change lot details (from House and Lot to Lot only and vice versa) and provide additional names in the contract.
HOMEOWNERS Back to Top
 
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PARAMOUNT HOMES Back to Top
 
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AMENITIES AND AVAILMENTS Back to Top
 
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