Recently asked for a sample computation from one of the agents or brokers from DMCI Homes and wondering what Closing fees are that are included therein?
Closing Fees includes Documentary Stamp Tax, Transfer Fees, Registration Fees, Notarial & Documentation Fees, and other administrative and handling fees in order to transfer title to buyers name.
It can be paid in Cash, spread over downpayment / construction period or entire length of term or Lumpsum together with the last downpayment.
How much are the closing fees?
|Paid in Cash||9.6% of Net Contract Price|
|Spread with Downpayment|
(For Preselling Only)
|10% of Net Contract Price|
|Lumpsum together with the last Downpayment (for Preselling Only)||10.5% of Net Contract Price|
Can Buyers be the one arrange the transfer of title to waive the closing fees?