For many Filipino families, owning a home is more than a milestone — it’s proof of moving up. At Century Properties, we believe that pursuing that dream shouldn’t feel overwhelming. Whether you’re securing your first home, upgrading from a condo, or investing in a property while working abroad, understanding the process behind every step gives you the confidence to move forward. Here’s what it truly takes to go from reservation to keys-in-hand.
Step One: Finding the Right Fit
Every homeownership journey begins with choosing a unit that matches your lifestyle and budget. In the Philippines, real estate transactions are meant to go through licensed professionals. Working with an accredited Century sales agent ensures your purchase is backed by proper documentation and transparent guidance from day one.
Locking It In: Reservation and Documentation
Once you’ve chosen your unit, a reservation fee secures it — typically non-refundable and non-transferable, since it takes the unit off the market for other buyers. From there, your journey moves into documentation: activating your online buyer’s account, completing a Buyer Information Sheet and credit assessment form, and submitting valid identification and payment terms. These steps allow developers to match you with financing options suited to your capacity, whether through in-house financing, Pag-IBIG Fund loans, or bank mortgages.
The Contract to Sell: Why It Matters Most
Among all the steps in the process, signing and authenticating the Contract to Sell (CTS) carries the most weight. This document formalizes the agreement between buyer and developer, and its terms are protected under the Maceda Law (Republic Act 6552), which safeguards installment buyers’ rights — including grace periods and refund provisions — should payment difficulties arise.
For buyers signing within the Philippines, the CTS must be notarized to become a valid public document. For those abroad — a reality for many OFW and overseas-based buyers — the document instead needs to be apostilled rather than consularized.
Financing and the Final Stretch
With your CTS in place, the next stage involves bank financing. Century’s Documentation and Collections Group endorses qualified buyers to accredited banks, streamlining the loan approval process. Once financing is approved and all requirements are settled, buyers move toward turnover — which typically includes a formal unit inspection to confirm that the property matches agreed specifications before keys are released.
Beyond the purchase price, buyers should also budget for closing costs such as documentary stamp tax, transfer tax, and registration fees with the Registry of Deeds — costs that finalize the transfer of title into the buyer’s name.
Moving Up, One Step at a Time
Buying a home is rarely instant, but it doesn’t have to be uncertain. Every requirement — from your reservation fee to your CTS authentication — exists to protect both parties and ensure your investment is secure. At Century Properties, our goal is to walk you through each milestone clearly, so that when turnover day finally arrives, all that’s left to feel is the excitement of coming home.
Move up. Live better. Your journey starts with Century Properties.
