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Systems & Guidelines for Emery Estates Homes Clients
As approved and ammended by the CEO, this system will be effective starting June 15, 2009.
Contracting Fee
The first payment is the Contracting Fee. It is 30% of the Total Contract Price (TCP), paid in spot. In this period, Construction Agreements is put into contract. Contracting Fee is non-refundable and non-transferrable.
OTHER FEES:
Reservation Fee
Is an optional payment given by the client for the purpose of pinning the TCP at the current price. This is intended to fix the TCP if the client wishes to pay the Contracting Fee within 30 days. Reservation Fee is deductable to the Contracting Fee but is non-refundable and non-transferrable.
Processing Fee
Is intended for accounts where service is rendered to process the papers for Bank Financing.
INCLUSIONS of the Total Contract Price (TCP):
The payment includes the processing fee for home loans, processing of building permits, professional fees on plans & designs (complete), E-VAT, manpower compensation and purchase of materials.
EXCLUSIONS of the Total Contract Price (TCP):
Unless stated on the Contract of Construction, these are the items not included in the Total Contact Price:
a. For subdivision properties with construction regulations, bonds & other subdivision regulatory fees are not included in the price. This will be paid by the owner to the developer or the subdivision management.
b. For far areas wherein it would take time & fuel to transport materials, long-distance transportation fee (LDTF) will be charged. This is subject for verification by the Technical Team.
c. For special designs or designs not included in the Emery Estates Easy-Homes Collection, we charge additional professional fees.
d. Land Development Cost. Landfilling, riprapping, hauling, land leveling and other earth movements are not included in the package.
e. Fencing.
f. Structure Demolitions.
g. Light fixtures, electric meters, post and payments to electric service providers.
h. Water meter, outdoor water piping and payments to water service providers.
i. Other areas stated in the Contract of Construction.
Discounts
Discounts will be availed on Spot Cash payments only. :
a. 5% discount will be availed if Spot Cash payment is paid outright during Contracting date.
b. 3% discount if the remaining amount will be paid w/n 7 days from the date of Contracting.
c. No discounts will be given for payments exceeding 7 days.
Refunds
Any payment is non-refundable upon receipt thereof.
FINANCING SCHEMES:
Spot Cash
SpotCash is the payment of 100% of the TCP. Clients get to avail discounts as stated on the Guideline for Discounts. Computations on discounts will be released by the Marketing Team.
Deferred Cash
Deferred Cash is paying the 30% of the TCP in spot (for contracting purposes) while the payment of 70% would be in stagard-basis. Computations will be released by the Marketing Team. The maximum period is stated below:
a. 4 months equal payment (of the 70% of the TCP) for Starter Homes
b. 6 months equal payment (of the 70% of the TCP) for Deluxe Homes
c. 8 months equal payment (of the 70% of the TCP) for Negosyo & /Gurande Home
Bank Financing
Bank Financing is a collateral loan wherein the lot ownership / title will be mortgaged as a collateral of the loan.
In Bank Financing, 30% of the TCP will be paid in spot (for contracting purposes) while 70% will be financed by the bank.
This financing process will be a joint coordination between Emery Estates, our client and the bank. The client will start paying the monthly amortization only after the construction finishes. Term of payment could be up to 25 years. Interest fixing rate is also available up to 25 years.
PHASES OF HOME-BUILDING:
Preparatory Phase
30-45 days for finalizing of technical details, processing of government permits & complying of subdivision regulatory requirements.
Construction Phase
3-4 months for starter homes, 5-7 months for De Luxe Homes, minimum of 8 months for Negosyo & /Gurande Homes.
Turn-over Phase
An Inspection Checklist will be done with the owner, Client Care & Technical Team before turn-over of unit to check if the unit is acceptable by the owner. The turn-over is a complete house without electrical & water connection, unless otherwise stated by the contract. Acceptance of the unit will be formalized with the Turn-over of Keys.
Warranties
Warranty per house part will be given by the Technical Team. Within the warranty period, if cracks, leaks, discoloration or would occur under normal usage, repairs will be done free of cost and charged to the Technical Team.
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Basic REQUIREMENTS For Emery Estates Homes Clients
1. SpotCash
Client Profile Sheet (filled-up)
2 pcs 2X2 pictures (Principal)
TCT / Lot Title , Tax Declaration and/or Deed of Absolute Sale, Sketch/Lot Plan
2. Deferred Cash (Progress)
Client Profile Sheet (filled-up)
2 pcs 2X2 pictures (Principal)
Post-dated Checks
Photocopy of latest Bank Statement / Contract of Employment
TCT / Lot Title , Tax Declaration and/or Deed of Absolute Sale, Sketch/Lot Plan
3. Bank Financing (Collateral Loan)
Financing Options are applicable for lots with title to principal and with road-right-of-way only. These are the requirements needed:
PART I: REQUIREMENTS ON IDENTIFICATION
1. Client Profile Sheet (filled-up)
2. 2 valid IDs
3. Photocopy of Marriage Certificate (if married)
4. 2X2 pictures, 2pcs each (Principal, Spouse)
5. Photocopy of Passport (if abroad)
6. Proof of Billings - local (utilities/mailing)
7. Sketch of present address (local)
PART II: REQUIREMENTS ON INCOME
FOR OFWs
1. Contract of Employment - (latest, valid for 6 months)
2. Certificate of Employment & Compensation (if COE is not available)
3. Seaman's Book (for seaman)
4. Proof or Remittance
5. Allotment Slips
6. Bank Statements (latest 3 months)
7. Payslips (latest 3 months)
1. Original Certificate of Employment & Compensation
2. ITR w/ Form W2 (latest)
3. Payslips (latest 3 months)
1. Business Registration (DTI/SEC)
2. Mayor's Permit
3. ITR w/ Financial Statements (2yrs)
4. Bank Statements for the last 6 months
5. Picture of Business
1. Clear copy of TCT / CCT
2. Location / Vicinity Map certified by Geodetic Engr
3. Photocopy of Tax Declaration / Tax Receipts
PART IV: REQUIREMENTS ON CONSTRUCTION
To be complied by Emery Estates:
1. Complete Set of Bldg Plan
2. Bill of Materials / Labor Cost / Specifications / Cost Estimates
3. Bldg Specification certified by Architect / Civil Engr
4. Scope of work
PART V: APPRAISAL FEE: 3,500 or depends on the bank
PART VI: REQUIREMENTS AFTER LOAN APPROVAL
1. Post-dated Checks issued to Emery Estates
REQUIREMENTS For Government Permits
BARANGAY CONSTRUCTION CLEARANCE
1. Transfer Certificate of Title
2. Tax Declaration
3. Building Plan (esp. Architectural Plan)
4. Vicinity Map
5. Processing Fee (ranging from P500-P1,000)
CITY / MUNICIPAL LOCATIONAL CLEARANCE
for continuation . . .
OFFICE OF THE BUILDING OFFICIAL (OBO) BUILDING PERMIT
1. (5 copies) Complete Set of Building Plans (Architectural, Structural, Electrical, Plumbing / Septic)
2. (4 copies) Barangay Clearance
3. (4 copies) Lot Title - Certified True Copy by the Registry of Deeds
4. (4 copies) Lot Tax Declaration - Certified True Copy by the City/Municipal Treasurer's Office
5. (4 copies) Lot Sketch Plan
6. (4 copies) Recent Real Estate Tax Receipt
7. (4 copies) Materials Specifications
8. (4 copies) Bill of Materials & Estimates
9. (3copies in one folder each) Structural Design and Analysis
10. (filled-up) Building Permit Form
11. Approved Locational Clearance
12. (filled-up) Electrical Permit Form
13. (filled-up) Sanitary Permit Form
for continuation . . .
