Through the years, Crown Asia has worked to make affordable-luxury homes available to Filipinos the easiest possible way. Following are basic and important details a buyer should know about owning his/her Home of Choice in Crown Asia:
The Client is invited by a Property Consultant for a short presentation of the development, and discusses project features, available inventories, financing options, and others. Client is free to ask information relevant to the company, the project or details in acquiring a property.
After presenting the project, the client and the property consultant would agree on a specific schedule to visit the site. The client would then be oriented on the specific features of the location, including road networks, alternate routes, landmarks, existing amenities, positioning of future developments and nearby commercial areas and facilities that make the project stand out.
Client now chooses his/her desired property and accomplishes the necessary forms to acquire the desired property. He/She is then escorted to the Crown Asia office to formalize the purchase.
It is a document that states the terms and conditions on acquiring a property. The details on reservation, ownership, forfeiture, construction period, completion/turnover date, approval of the transaction, etc. are elaborated on this document. The client then also pays the Reservation Fee - a fixed, non-refundable amount issued to express the genuine interest of acquiring a property. This amount reserves the specified property to the client for 30 days, and will be deducted from the Total Contract Price when transaction is completed.
It contains the pricing and financing details of the account, including the Total Contract Price, discounts, promos, and payment schedules. Client is then presented with the financing options to settle his/her chosen property, corresponding discounts and the due dates of payment.
After filling up and submitting both the Reservation Agreement and the Quotation Sheet, the client will then be accommodated by a personnel from the Marketing Department for final briefing. This is a stage wherein all details are clarified, and the client is encouraged to ask questions about the project before the actual purchase is formalize.
Subsequently, a representative of the Administration Department would assist the client on the duties and responsibilities of a buyer, such as the details of the financing option chosen, the penalties and charges of late payment, documentation requirements and necessary measures to secure appropriate financial instruments. Client is once again encouraged to express concerns regarding impediments to the schedule of payment, difficulties on securing necessary forms and documents, and circumstances or scenarios that would require special handling of the account.
Once the Marketing/Administrative Briefing has been conducted, and the Reservation Agreement, Quotation Sheet and Reservation Fee have been forwarded and accepted, the client is then given 30 days to secure and submit the necessary requirements of the purchase. It is within this period that his/her selected property would be held under his/her name, subject to the completion of the said requirements. Should the client fail to complete the requirements within the said period, the Developer reserves the right to forfeit his/her reservation, and afterwards, re-open the inventory to interested parties.
Should the client be able to comply with the requirements, the sale is then formalized and the property would be placed under the name of the client until such time that the property is delivered or the account has been cancelled on grounds stated in the previous documents.
The property would be delivered on a specified date in the Reservation Agreement, subject to a reasonable grace period. As soon as property is complete, the client will be invited for joint inspection wherein both developer and buyer survey the property to confirm that all finishes and commitments on delivery are present and acceptable order. Should both parties mutually agree on the condition of the property and find everything suitable, then documents will be signed to express acceptance of the property and to request the transfer of the title to the new property owner.