The Offer To Purchase Form Private Sale is a crucial document in Philippine real estate transactions, serving as the formal instrument through which a prospective buyer communicates their intent to purchase property from a private seller. This document is typically used at the initial stage of a property transaction, after preliminary negotiations but before the execution of a final Deed of Sale. It must comply with the Civil Code of the Philippines and related property laws, incorporating all essential elements of a valid contract while specifically addressing the unique requirements of Philippine property transactions. The form includes detailed information about the property, proposed purchase price, payment terms, conditions for the sale, and any contingencies that must be met. It serves as the foundation for the eventual sale transaction and, when accepted, creates legally binding obligations between the parties under Philippine law.
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1. Parties: Identification of the potential buyer (offeror) and seller (property owner), including complete names, addresses, and contact information
2. Property Description: Detailed description of the property being offered to purchase, including exact address, lot number, tax declaration number, and certificate of title number
3. Purchase Price: The total amount being offered for the property, including the currency and payment terms
4. Payment Terms: Breakdown of payment structure, including earnest money deposit, down payment, and balance payment schedule
5. Conditions of Offer: Key conditions that must be met for the sale to proceed, including property inspection, title verification, and due diligence period
6. Offer Validity Period: The duration for which the offer remains valid and requires acceptance or rejection by the seller
7. Due Diligence: Buyer's right to conduct property inspection, title search, and other necessary investigations
8. Closing Terms: Proposed timeline and requirements for closing the sale
9. Signatures: Space for signatures of the offeror and acceptance by the seller, with date fields
1. Financing Contingency: To be included when the purchase is contingent on the buyer securing financing from a bank or lending institution
2. Property Inspection Contingency: Detailed terms for property inspection rights and the buyer's options based on inspection results
3. Existing Tenancy: To be included if the property has existing tenants and terms regarding their occupancy
4. Furniture and Fixtures: List of items included or excluded in the sale, to be used when the offer includes specific movable properties
5. Seller's Warranties: Additional warranties requested from the seller regarding the property's condition or legal status
6. Commission Agreement: To be included if there are real estate brokers or agents involved in the transaction
1. Schedule A - Property Details: Comprehensive technical description of the property, including lot area, boundaries, and improvements
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms, amounts, and due dates
3. Schedule C - Due Diligence Checklist: List of documents and verifications required during the due diligence period
4. Schedule D - Property Inspection Report: Template or actual property inspection findings and conditions
5. Appendix 1 - Required Documents: List of documents required from both parties to complete the transaction
6. Appendix 2 - Property Photos: Recent photographs of the property and its significant features
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking and Finance
Construction
Property Development
Hospitality
Retail
Commercial Property
Industrial Property
Agriculture (for agricultural land)
Legal Services
Professional Services
Relevant Teams
Legal
Real Estate
Property Management
Finance
Procurement
Compliance
Risk Management
Corporate Development
Investment
Operations
Relevant Roles
Real Estate Agent
Property Manager
Legal Counsel
Corporate Lawyer
Property Developer
Business Owner
Chief Executive Officer
Chief Financial Officer
Investment Manager
Asset Manager
Procurement Manager
Real Estate Broker
Property Consultant
Facilities Manager
Real Estate Investment Manager
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