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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Property Company of Friends, Inc. was incorporated on February 23, 1999 by Guillermo Choa and a group of friends who shared in his vision of creating communities and transforming lives. As a property company, Profriends, as it is commonly called, began providing housing units in small pocket developments in Cavite. It has since grown to include medium rise condominiums, estates for low, middle and higher end markets, and a flourishing township in its portfolio. Today, Profriends has committed to be at the forefront of creating integrated communities that provide lasting value and uplift the lives of the families it serves. Since its establishment and as of December 2022, Profriends has built and delivered over 60,000 houses for Filipino families.
