Once you submit an Offer to our Customer Care Desk, you will be informed if your offer has been accepted. A Letter Advise containing the terms and conditions of the sale (with the following information) shall be sent to you: a. Selling Price b. Property Address/Description c. Schedule of payment/s to complete the purchase price After you sign the Letter Advise, which signifies that you agree with all the terms and conditions of the sale, you must send us an originally signed copy for our official files and as our basis to reserve the property for you until you pay the minimum Ten Percent (10%) Earnest Money on or before the date stated therein. If the Earnest Money is not paid on the due date, then the property will be offered to other interested buyers. The following are the related taxes and fees due to the National Government of the Philippines in a real estate transaction: STANDARD POLICY ON PAYMENT OF TAXES AND INCIDENTAL FEES: ·    Government may impose other taxes and fees that are not covered by the above schedule. ·    Computations of taxes and fees are not final and are subject to change based on government-mandated rates or BIR rulings or computations prevailing or applied during the registration of the documents covering the transaction. ·    CWT [Creditable Withholding Tax] is computed using the Selling Price shall be for the account of the Seller. However, any amount of CWT that maybe due that is in excess of the CWT determined using the Selling Price as basis shall be for buyer's account. ·    The Documentary Stamp Tax, Transfer Tax, Registration Fee, IT Fee and other sales related fees and charges are for the account of the Buyer. ·    Transfer Tax should be paid within 60 days from date of notarization of Deed of Absolute Sale. ·    Registration Fee – graduated rate based on the Selling Price.