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Home Offer
"I need a Home Offer contract for a newly constructed three-bedroom condominium unit in Makati City, with a purchase price of 15 million PHP, including a financing contingency clause and a completion deadline of March 2025."
1. Parties: Identification of the seller and potential buyer with complete legal names and addresses
2. Background: Brief context of the transaction and acknowledgment that the seller owns the property and buyer wishes to purchase it
3. Definitions: Key terms used throughout the document defined for clarity and legal certainty
4. Property Description: Detailed description of the property including exact address, boundaries, and title details
5. Purchase Price: The offered amount and payment terms including any earnest money deposit
6. Payment Terms: Breakdown of payment schedule, method of payment, and consequences of default
7. Due Diligence Period: Timeframe and conditions for buyer's inspection and verification of property conditions
8. Conditions Precedent: Conditions that must be met before the sale becomes binding
9. Representations and Warranties: Statements of fact by both parties regarding their capacity to enter into the agreement and property condition
10. Closing Requirements: Documents and actions required to complete the transaction
11. Default and Remedies: Consequences and available remedies if either party fails to perform
12. Execution: Signature blocks and notarization requirements
1. Financing Contingency: To be included when the offer is contingent on the buyer obtaining mortgage financing
2. Sale of Existing Home Contingency: Used when buyer's purchase is contingent on selling their current residence
3. Tenant Rights: Required when the property is currently occupied by tenants
4. Homeowners Association: Included for properties subject to HOA rules and fees
5. Construction or Renovation Terms: For properties requiring specific work before closing
6. Broker Representation: When real estate agents are involved in the transaction
7. Foreign Ownership Compliance: Required when the buyer is a foreign national, addressing ownership restrictions
8. Natural Hazard Disclosure: For properties in areas prone to natural disasters or specific environmental risks
1. Schedule A - Property Details: Comprehensive property description including lot area, boundaries, and technical specifications
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms including dates and amounts
3. Schedule C - Property Inspection Report: Findings from property inspection and list of any identified issues
4. Schedule D - Included Fixtures and Fittings: Itemized list of items included in the sale
5. Schedule E - Outstanding Encumbrances: List of any existing liens, mortgages, or other encumbrances
6. Appendix 1 - Property Title Documents: Copies of relevant property ownership documents
7. Appendix 2 - Property Tax Certificates: Current tax declarations and clearances
8. Appendix 3 - Property Photos: Recent photographs of the property's interior and exterior
Authors
Property
Purchase Price
Earnest Money
Closing Date
Due Diligence Period
Title
Transfer Certificate of Title
Tax Declaration
Deed of Absolute Sale
Encumbrances
Business Day
Completion
Contract of Sale
Contingencies
Defects
Deposit
Effective Date
Force Majeure
Improvements
Liens
Notary Public
Parties
Property Documents
Real Estate Broker
Registry of Deeds
Seller's Disclosure
Survey Plan
Technical Description
Zoning Requirements
Barangay Clearance
Local Government Unit
Capital Gains Tax
Documentary Stamp Tax
Transfer Tax
Certificate of No Improvement
Real Estate Tax
Occupancy Permit
Building Permit
Environmental Compliance Certificate
Purchase Price
Payment Terms
Earnest Money Deposit
Due Diligence
Property Inspection
Title and Ownership
Representations and Warranties
Conditions Precedent
Contingencies
Closing Conditions
Transfer of Title
Tax Obligations
Property Insurance
Default and Remedies
Risk of Loss
Force Majeure
Notice Requirements
Assignment
Broker Representation
Property Access
Seller's Obligations
Buyer's Obligations
Environmental Compliance
Utilities and Services
Possession and Occupancy
Governing Law
Dispute Resolution
Amendment
Severability
Entire Agreement
Time of Essence
Survival
Notices
Counterparts
Registration and Recordation
Real Estate
Property Development
Banking and Finance
Legal Services
Construction
Insurance
Property Management
Real Estate Investment
Mortgage Lending
Property Consultancy
Legal
Real Estate
Compliance
Property Management
Sales
Contract Administration
Risk Management
Corporate Services
Business Development
Document Control
Real Estate Agent
Property Lawyer
Mortgage Broker
Real Estate Developer
Property Manager
Legal Counsel
Compliance Officer
Real Estate Consultant
Property Valuer
Title Officer
Real Estate Transaction Coordinator
Contract Administrator
Property Acquisition Manager
Real Estate Portfolio Manager
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