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Buying or selling a home with Pag-IBIG financing doesn’t have to be confusing. The right paperwork keeps everyone protected from offer to loan takeout. That’s where a deed of conditional sale pag ibig form word template comes in: a practical, fill-in-the-blanks document that sets the price, timeline, and responsibilities until the loan is released.
In this guide, you’ll get (1) a free, editable Word template you can customize in minutes, (2) a plain-English walkthrough of every section, and (3) voice-search-friendly answers to common questions. We’ll also show how this conditional deed compares to a Deed of Absolute Sale, how to allocate taxes and fees, and how to avoid common mistakes (like missing identifiers or unclear turnover dates). When you’re ready, download the file, edit, notarize, and export a Deed of conditional sale pag ibig form pdf download for your closing packet.
Quick note: this article is educational, not legal advice. For unusual situations (co-owners, inherited titles, special tax scenarios), consult a qualified professional.
The basics of a conditional sale (and why it helps)
What is a Deed of Conditional Sale?
A Deed of Conditional Sale (often called a Contract to Sell) records the parties’ agreement to transfer a property once specific conditions are met—commonly Pag-IBIG loan approval and takeout. Until then, the buyer pays reservation and down payment; the seller keeps legal title and prepares the transfer.
Conditional vs. absolute sale (why it matters)
Conditional (this template): Ownership becomes final after loan takeout/full payment. Ideal for Pag-IBIG deals where financing is still in process.
Absolute: Used once fully paid—title can transfer right away.
For background reading, see high-level primers on real estate contracts and mortgages.
What to include: clause-by-clause checklist
Parties & property identifiers (H2)
Include (H3):
Full names, addresses, and valid IDs of Seller and Buyer
Project/subdivision/condo; unit/house & lot; block/lot; floor/lot area
Property address; Title No./Tax Declaration No.; parking/fixtures if included
Tip: Copy identifiers exactly from the title/tax declaration. Tiny typos cause big delays.
Price, reservation, and down payment (H2)
Total purchase price in words and figures
Reservation/earnest money (state if refundable)
Down-payment schedule and official receipts
Pro move: Use specific calendar dates (“October 15, 2025”), not “within 30 days”.
The Pag-IBIG financing condition (H2)
State that the sale becomes absolute upon Pag-IBIG approval and takeout.
Allow for resubmission/appeal if the loan is initially denied.
Define what happens if financing fails despite compliance (e.g., unwind with documented deductions only).
Delivery, possession, and title transfer (H2)
Turnover after takeout/full payment and submission of required documents
Cooperation to transfer title and annotate any mortgage in favor of Pag-IBIG
Risk of loss and insurance responsibilities after delivery
Taxes, fees, and closing costs (H2)
Allocate capital gains/withholding, documentary stamp, transfer/registration fees
Set cut-off dates for utilities/HOA dues and arrears
Voice-search prompt: “How do I fill a deed of conditional sale pag ibig form word template?”
Download the file, fill parties/IDs, property block, price & schedule, financing condition, turnover/title steps, taxes/fees, default clauses, then sign and notarize.
Step-by-step: from offer to takeout
Download the template — Use the link at the top to get the deed of conditional sale pag ibig form word template.
Complete the parties & IDs — Make sure names match government IDs exactly.
Describe the property — Project, unit/house & lot, block/lot, areas, address, Title No.
Enter price & timing — Reservation, down payment, and balance via Pag-IBIG loan.
Insert the financing clause — Make completion subject to loan approval/takeout.
Outline turnover & title — Delivery after takeout; cooperation on title transfer/annotation.
Allocate taxes/fees — Clarify who pays what; attach official receipts as annexes.
Sign & notarize — Notarization significantly strengthens the document.
Export to PDF — Keep a DEED of Conditional Sale pdf for your submission packet.
Sample wording you can copy/paste
Financing condition
“This Deed of Conditional Sale (Pag-IBIG) shall become absolute upon BUYER’s Pag-IBIG loan approval and takeout, completion of pre-takeout requirements, and payment of all amounts due.”
Delivery & title
“Upon loan takeout/full payment, SELLER shall deliver possession and cooperate to transfer title to BUYER, including required mortgage annotation in favor of Pag-IBIG.”
Unwinding if loan is denied
“If the Loan is denied despite diligent compliance, Parties may terminate this Deed. SELLER shall refund payments received less any non-refundable reservation fee (if stipulated) and documented processing costs.”
Quick comparison table (Word vs. PDF)
| Format | Best for | Why use it |
|---|---|---|
| Word (.docx) | Drafting & edits | Easy to customize, re-use, and collaborate |
| Final packet | Locks formatting; ideal for filing and email | |
| Printable | In-person signing | Clear margins, signature blocks, and notary page |
You can work in Word first, then export your Pag-IBIG Deed of Conditional Sale as a Deed of conditional sale pag ibig form pdf download for your records.
Common pitfalls (and how to avoid them)
Missing identifiers: Always include Title No./Tax Dec., unit/house & lot, block/lot, and areas.
Ambiguous dates: Replace “within X days” with exact calendar dates.
Receipts not attached: Keep reservation/down-payment ORs in an annex.
No fallback plan: Add clear steps if the loan is delayed or denied.
Notarization skipped: It’s often required and always helpful for enforcement.
Real-world examples (how to adapt the form)
Pre-selling condo unit (H3)
Emphasize turnover timing, punchlist/acceptance, and building permits/occupancy.
Keep the Pag-IBIG condition and add a reasonable grace period.
House & lot with parking (H3)
Itemize the parking slot and any fixtures/appliances included.
Clarify who pays HOA transfer fees.
Switch to bank financing (H3)
Replace lender references and keep the same conditional logic: approval + takeout → deed becomes absolute.
Useful reading (background overviews)
Real estate contract — high-level structure of offer, acceptance, conditions, and closing
Mortgage — how liens and annotations affect title
Negotiable documents & evidence — why written, signed contracts matter
(These general overviews on Wikipedia are helpful primers for first-time buyers/sellers.)
Download your editable Word template
Use as a Deed of Conditional Sale Sample, adapt to your case, and export to Deed of Conditional Sale Philippines word format or DEED of Conditional Sale pdf for filing.
👀👉👉[🔗 Download]
FAQs (voice-search ready)
What is the deed of conditional sale meaning?
It’s a conditional agreement to transfer a property after specified requirements—usually Pag-IBIG loan approval and takeout—are met.
Is this the same as an absolute sale?
No. An absolute sale is used when the price is paid in full and the title can transfer immediately.
Can I write the Deed of conditional sale in Tagalog?
Yes—many offices accept Tagalog versions if essential elements are present. Keep the language clear and consistent.
Do I need notarization?
Highly recommended and typically required for registry and lender processing.
Conclusion
A clear, well-structured deed of conditional sale pag ibig form word template protects both sides while financing is in motion. Start with accurate property identifiers, spell out the price and schedule, and make completion conditional on Pag-IBIG approval and takeout. Define turnover and title-transfer steps, allocate taxes/fees, and add straightforward default and remedy language. Notarize the document, export to PDF, and keep a tidy packet with IDs and receipts.
Ready to finalize your sale? Download the Word template, customize it today, and follow the checklist above. If your situation involves multiple sellers, estate properties, or unusual payment structures, have a licensed professional review the finalized draft. Share this guide with anyone preparing a Deed of Conditional Sale (Template Philippines)—good documentation prevents costly surprises.
