How I can reserve an apartment and what purpose has it?
The reservation of an apartment is through a reservation agreement signed between the parties. It is a compromise that allows the real estate to sale out the reserved apartment. This reserve has a value of 100 UF which is paid to the value of the cash payment upon signing the promise of reservation.
The payment terms of the Company are:
25% of the total sale at the signing of the promise.
75% of total sales at the time of physical delivery of the property.
Yes, all payments that exceeds 25% made during construction have a small percentage reduction depending on the time remaining for delivery and current market conditions. This rate is set by the Company on a monthly basis. If you are interested on these benefits we invite you to contact us and we will explain you in more detail.
Besides the cash payment, you can finance the purchase through any type of credit for purchases of homes on the market, as mortgage loans (with letters and mutual), leasing, etc. We can operate with any bank in the plaza and even Chileans living abroad through Bancoestado. Apart from this, special conditions for each project are agreed by the Company with some banks to provide significant benefits for our customers.
To find an approximate value, enter the simulator on our website or click here and you will be able to simulate your mortgage.
Common costs are variable depending on the size of the apartment and the monthly cost of the building. However, a conservative value to consider is $ 1.100 per useful m2. of an apartment (this value may have an important variation depending on number of apartments, building equipments and others)
For example, if the apartment to buy is 80 m2, the value of the common expenses will be about $ 88,000.-
Regarding contributions, if the apartment you are buying meets the DFL-2, the value of contributions will be about:
Annual contribution to UF = (m2. useful x 35) x 0.006
For example, a 70 m2 apartment will pay:
(70 x 35) x 0.006 = 14.70 annual UF
If UF value is $ 22,800 you will pay four annual installments of $ 84,000 approximately, with a payment date in April, June, September and November of each year.
If the appraisal is higher than fiscal 2912 UF:
Annual Contribution = (29.12 + (m2. x 35-2.912) x 0.012) / 2
Example: 140 m2
Contribution Cost = (29.12 + (140 x 35-2912) x 0.012) / 2
Contribution Cost = 29.12 + 23.86 / 2
Contribution Cost = 26.49 UF
If the UF value is $ 22,800 you will pay four annual installments of $ 151,000 approximately.
