To reserve a unit at Verawood Residences by DMCI Homes, prospective buyers must fulfill the following requirements to secure their chosen unit. Here's a guide to the process and necessary documents:

RESERVATION FEE

Amount: The reservation fee typically ranges from ₱20,000 to ₱50,000, depending on the unit type and size.

Payment Methods:

Cash

Credit or debit card

Online bank transfer (as instructed by DMCI Homes)

PERSONAL DOCUMENTS

For individual buyers:

Two Valid Government-Issued IDs:

Examples: Passport, Driver’s License, PRC ID, UMID, etc.

IDs must include a photo and signature.

Tax Identification Number (TIN):

Required for processing the Contract to Sell and other official documents.

Proof of Billing Address:

A recent utility bill (electricity, water, internet) or bank statement for verification.

For corporate buyers:

SEC Registration Certificate or Articles of Incorporation

Board Resolution or Secretary’s Certificate authorizing the purchase

Valid IDs of the authorized signatory

RESERVATION AGREEMENT FORM

DMCI Homes will provide a Reservation Agreement Form, which the buyer must complete and sign.

This document specifies the chosen unit, parking (if applicable), total contract price, and payment terms.

PROOF OF INCOME

Buyers may be asked to submit proof of income to assess financial capability:

1.       For Locally Employed Buyers:

·         Latest Certificate of Employment and Compensation (COEC)

·         Payslips for the last 1-3 months

2.       For Self-Employed Buyers:

·         Business permits and DTI/SEC registration

·         Income tax return (ITR) or bank statements

3.       For Overseas Filipino Workers (OFWs):

·         Employment contract (authenticated by the Philippine Embassy, if required)

·         Proof of remittance or payslips

POST-DATED CHECKS (PDC’s)

• DMCI Homes typically requires post-dated checks for monthly amortizations as part of the reservation process. If PDCs are not immediately available, buyers should discuss alternative payment arrangements with their property consultant.

SPECIAL POWER OF ATTORNEY (If Applicable)

·         If the buyer cannot personally sign the documents, a Special Power of Attorney (SPA) must be prepared to authorize a representative to complete the transaction on their behalf.

PAYMENT TERMS

DMCI Homes offers flexible payment schemes for Verawood Residences, including:

·         Spot cash with discounts

·         Deferred cash (0% interest over a set period)

·         In-house financing

·         Bank financing options

STEPS TO RESERVA A UNIT

1. Choose a Unit: Coordinate with a DMCI Homes property consultant to find your preferred unit and payment terms.

2. Pay the Reservation Fee: Settle the reservation fee to secure your chosen unit.

3. Submit Required Documents: Provide the necessary documents and proof of identity.

4. Sign the Reservation Agreement: Finalize the reservation by completing and signing the agreement form.

IMPORTANT REMINDERS

• The reservation fee is non-refundable but deductible from the total contract price.

• Ensure all documents are accurate and complete to avoid delays in processing.

• Ask for an official receipt after paying the reservation fee for record-keeping.

Reserving a unit at Verawood Residences is a straightforward process as long as the buyer prepares the required documents and payments. With its prime location, family-friendly environment, and resort-inspired amenities, Verawood Residences is an excellent investment for buyers looking for a secure and relaxing community in Taguig City.