Home Buying Guide
Prepare the Basic Documents Required
(also In-House and Bank Financing Requirements)
Here are the things you need to submit when you are buying a property:
- Three pieces 1×1 photo
- Tax Identification Number (TIN) ID or card or one-time Taxpayer BIR Form 1904
- Photocopy of two government-issued IDs
- Latest proof of billing under the name of the buyer or lessor, or a Barangay Certificate
- (For OFWs) Photocopy of passport (with stamp indicating the date of arrival and departure)
- Additional documents based on civil status, such as marriage certificate (when married)
- Proof of Income (latest ITR, Job Contract/Certificate of Employment with compensation, 3-months payslip)
- Post-Dated Cheques (for Equity)
- Other additional documents required by Property Company of Friends Inc. (PCFI) or the accredited bank
If you are an Overseas Filipino Worker or residing abroad, you need an Attorney-In-Fact (AIF). An AIF is a legally designated individual who transacts business on behalf of the buyer. The AIF must be 21 years of age and able read and write.
He/she should be an immediate family member up to the second degree of affinity or consanguinity. This means that the only people eligible to become your AIF are the following:
- 1st Degree of Affinity – Your Spouse
- 1st Degree of Consanguinity – Your Parents and Son/Daughter
- 2nd Degree of Affinity – Your Parent-in-Law and Son/Daughter-in-Law
- 2nd Degree of Consanguinity – Your Grandparents, Brothers, Sisters, and Grandchildren
Any family member beyond the second degree, such as aunts, uncles, grandparents-in-law, nieces, nephews, and first cousins, are not eligible to act as your AIF.
Get the complete list of required documents in buying a new house here. Click here to Download PDF File
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