PHirst BUYING GUIDE
- 1. Reservation
On Days 1-30 the buyer completes Reservation and Booking documents and starts downpayment. PHirst conducts pre-qualification.
On Months 2-5, PHirst assist in home loan application to financial institution.
(Submits Buyer’s Booking Docs on behalf of buyer for financial assessment)
- 2. Booking
On Month 6, the buyer signs letter of guarantee issued by financial institution and reaches 5% downpayment.
On Month 7, PHirst starts house construction.
- 3. House Completion
On Month 12, the buyer reaches full downpayment.
- 4. Loan Takeout
On Month 14 the buyer starts home loan amortization to financial institution.
On Month 13 PHirst takes out home loan on.
- 5. House Turnover
On Month 15-17, the buyer inspects house and signs acceptance documents. Phirst sends notice of turnover.