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Offer to Purchase (For Outside Buyers-Direct Sale)
HGC offer to purchase form for outside buyers - direct sale
Your Browser Doesn't Support Canvas. Showing the Text Content of the PDF Instead: Form No. 1 A
OFFER TO PURCHASE
(For Outside Buyers-Direct Sale)
Date: ____________________
Home Guaranty Corporation - Marketing & Sales Deparment
4th Floor Jade Building
#335 Gil Puyat Avenue, Makati City
Gentlemen:
This is to submit my/our offer to purchase on an "AS IS, WHERE IS" basis, the property of Home Guaranty Corporation
(HGC) described below :
H&L
Lot Only
Condominium Unit
Others __________________
Location
:
Lot Area
:
Selling Price
: Php
Bid Price
: Php
Terms of Payment
: A.
CASH: Payable within five (5) working days from receipt of the Notice of Award
B.
LOAN TAKE-OUT: A minimum down payment of 10% of the bid price is required
_________ sqm.
[ ] Bank
Floor Area : _________ sqm.
[ ] HDMF
[ ] GSIS
[ ] SSS
[
] Others: ________________
Downpayment:
Php __________________
Balance for take-out (maximum of 6 months)*:
Php __________________
*Subject to payment of monthly amortization while awaiting remittance of the take-out
proceeds to HGC computed under a 10-year term
C.
ONE-YEAR INSTALLMENT - Bid price payable in one (1) year without interest after
payment of a minimum downpayment of 10%
Downpayment:
Balance (to be paid in 12 equal monthly installment):
D.
Php __________________
Php __________________
INSTALLMENT UNDER THE HGC's IN-HOUSE FINANCING: Applicable only to
properties that have any or all of the following characteristics: (a) have occupant/s,
(b) titles still in the names of the previous owners and for transfer in the name of
HGC, and (c) titles with liens and encumbrances or with annotation of “lis pendens”.
Downpayment (Minimum of 10% of the bid price):
Php __________________
Balance:
Php __________________
No. of Years to Pay (maximum of 15 years):
E.
RENT-TO-OWN PROGRAM (RTOP): applicable to all properties; maximum term
of lease is five (5) years
Proposed Lease Rate per month*:
Php __________________
*Lease rate is subject to a 10% annual escalation
Initial Cash Out (1 month advance and 2 months deposit):
Php __________________
The Lessee may exercise his/her option to purchase within the 5-year term by paying for
the property in cash. Portion of payments made by the Lessee during the term of the lease
shall be applied as downpayment for the bid price of the property, as follows:
Year
1
2
3
4
5
Percentage of
Application
100%
90%
80%
70%
60%
Enclosed are my/our Information Sheet (Form No. 2) together with the documentary requirements and my/our payment
for the corresponding bid security in the form of cash or manager's check:
MDP
BID SECURITY
AMOUNT
[ ] Up to Php 3.0M
5% of the SP
_________________
[ ] Over Php 3.0M
10% of the SP
_________________
I am/We are fully aware that should my/our bid proposal be approved, the bid security shall form part of the downpayment;
otherwise, if disapproved, the same shall be refunded to me/us. However, should I/we withdraw my/our bid proposal after
receiving the HGC's Notice of Approval, the bid security shall be forfeited accordingly.
Very truly yours,
_________________________
(Signature over Printed Name)
__________________________
(Signature of Spouse over
Printed Name)
THE CORPORATION RESERVES THE RIGHT TO REJECT ANY OR ALL BIDS OR TO ACCEPT SUCH BIDS AS
MAY BE CONSIDERED MOST ADVANTAGEOUS TO THE CORPORATION.
