Camella Real Estate Buying FAQs
Since a house is a basic necessity of everyone, here are some questions that usually come into a home buyer’s mind before purchasing:
Q: How do I avail or purchase a property?
A: In order to avail a house and lot, you must first and foremost inquire either directly through your preferred Real Estate Agent or through our website www.camella.com.ph. After an inquiry has been made, the Agent who assisted you will ask you if you want to be scheduled for a tripping or site viewing. This will allow you to appreciate and experience the project more personally. If you decide to push through with the purchase, an interview will be made between you and a marketing officer. After the prequalifying interview, you may now pay the reservation fee for your desired unit. Reservation fees are non-refundable but is deductable to your down payment.
Q: Where is Camella located?
A: As the country’s largest house and lot developer, Camella is present in 36 provinces and 95 cities and municipalities. There is always a Camella home near you! To know more about our projects, please visit our property listing for the complete list of our properties nationwide.
Q: How big is a Camella house?
A: You have a lot of options in Camella: from the cozy, value for money Lessandra homes with a minimum of 40 sq m floor area for starting families or independent young professionals, to Grande Series that has a maximum of 166 sq m for growing families. Camella offerings are flexible for your family’s needs based on your space and budget requirements.
Q: What is NRFO?
A: The term NRFO stands for Not Ready for Occupancy units. These type of units are not yet built or house construction will commence after paying certain amount of the total contract price.
Q: What are the requirements?
A: Standard Requirements:
-Photocopy of birth/marriage certificate
-Two (2) pieces 2x2 ID picture (for principal/spouse/co-borrower/Attorney-in-fact)
-Community Tax Certificate (applicant/spouse/children)
-Post dated Checks (for equity and amortization)
-Photocopy of Two (2) Valid Identification Cards (Company & Government)
-Proof of billing, Local Address (Utility Bills)
-Tax Identification Number
For Overseas Filipino Worker:
-Original Certificate of Employment & Compensation (Consularized)
-Photocopy of Contract of Employment (valid 6mos after reservation)
-Photocopy of Passport (w/entries)
-Photocopy of Seaman’s Book
-Proof of Remittances for the last six (6) months
-Payslips for the last three (3) months
-Bank Statements for the last six (6) months
-Special Power of Attorney (w/ Consular Seal if notarized abroad)
-ITR latest two (2) years (resident abroad)
For Locally Employed:
-Photocopy of latest Income Tax Return (ITR) If filed separately, spouse ITR also.
-Original Certificate of Employment and Compensation
-Payslips for the last three (3) months (applicant and spouse)
-Bank Statements for the last three (3) months
-Vouchers for the last six (6) months (commissions)
-Photocopy of Business Registration (DTI/ SEC)
-ITR for the last two (2) years
-Franchise/OR/CR (for taxi/jeepney/bus operators)
-PTR (for practicing professionals)
-Bank Statements for the last six (6) months
-Picture of Business Establishments
-List of clients and suppliers with contact nos.
-Company profile (if applicable)
-Leasing Contract (if applicable)
-Secretary’s Certificate/ Board Resolution (for corporation)
-Articles of Incorporation (for Corporation)
Q: What are the terms or financial schemes available?
A: Usually, there are two (2) types of financing available for mid-cost housing segment, Bank Financing and In-house Financing. But you can also personally apply for PAG-IBIG Financing.
Q: How do you pay the down payment?
A: To complete your 15% down payment, buyers are usually given 12 months to pay. If payment is through post dated checks, full down payment is disclosed starting house construction for clients.
Q: Who processes the loan approval?
A: The developer will assist the client in securing the loan approval for the bank.
Q: Who pays for the transfer of title?
A: Transfer of title is included in the total contract price.
Q: Who applies for the utilities such as power and water connection?
A: For the utilities, water is for client’s application and power connection or Meralco is applied by the buyers.
Q: When can I apply for house extension / fencing?
A: Upon unit turnover, house extension and fencing plan should be approved by site engineers.
Q: What are the specifications for the house turnover?
A: A turnover basically includes floor finishing, cabinet under the kitchen, floor tiles in the CR, counter top, toilet bowl, and shower.
NOTE: House specifications will be given to you upon interview.
Q: When is the house turnover / move-in?
A: House Turnover is upon loan release and completion of documents and payments.