EXHIBIT _N

____________, 200__

____(name of prospective buyer)______

______(position, if applicable)________
___(company name, if applicable)_____
_________(address)______________
_________________________________

Dear Mr./Ms. ________________,

RE: OFFER TO SELL

This has reference to our earlier telephone conversation/meeting on __________whereby

you have conveyed to me your ___(requirement for / desire to buy)__ a ____(property
description)____. In this regard, I am pleased to formally offer to sell to you / your
company a strategically-situated property which I believe is very ideal for your needs, the
description of which is as follows:

Location / Address : Situated at / along the________________________

________________________________________.
It is right across / beside the __________________
________________________________________.
The site is approximately _____(distance to/from a
major city or landmark)____. Travel by car is
approximately ___ minutes by normal traffic flow.
____(describe other major landmarks in the immediate
vicinity)__________________. The attached Exhibit 1
pinpoints the exact location of the property.

Lot Area/Dimensions
and Description : The lot, which has the shape of a ___________,
has an area of ___________________ (____sq.m.)
It has a road frontage of approximately _____
meters and a depth of roughly _____meters.
_____(provide a brief description of the lot terrain,
elevation, road right-of-way, etc.)_________.

The attached Exhibit 2 shows the Lot Plan with its

corresponding boundary measurements and
dimensions.

SOURCE: REALTOR® Phil M. Coquia

25
 Description of
Improvement(s) : (Describe the existing improvement if a house, townhouse,
building, commercial office/display, warehouse, etc.
Describe the type of building; no. of storeys; the total floor
area; the number of bedrooms/room; toilets & bath; other
rooms like the maid’s, driver’s, den, music/play rooms, etc.;
features like pool, the gardens. Describe the kind of
construction, the roofing materials, the floorings, the walls.
Indicate security features. No. of car parks. Mention special
features of the kitchen, bedrooms, bathrooms, etc. Indicate
also the existing furnitures & fixtures, appliances,
equipment, fittings and other furnishings. If condo or office,
indicate number of executive rooms, no. of toilets, partitions,
airconditionings, no. of parking slots, telephone lines, etc.).

Highest & Best Use : (Give your professional assessment of the property’s best
use vis-à-vis its location. Provide an idea of the ideal
projects or businesses or uses that would be ideal for the
property).

Ownership/Encumbrance: (Provide some information on the ownership status of the

property including whatever liens and encumbrances that
are currently existing, if any).

Selling Price : ____________________________ / Square Meter

or a total consideration of PESOS:
_______________________ (PhP____________).

Payment Terms : Cash payment preferred. ( Add the following

sentence if installment payment is acceptable to the owner-
seller : - Installment payments may be considered
depending on the proposed payment term and the
overall substance and conditions of the offer and
further subject to the approval/acceptance by the
owner-seller.)

An earnest money of Ten Percent (10%) of the

proposed purchase price should accompany your
formal offer to purchase the property. If the offer
is accepted, the said earnest money will form part
of the purchase price. Otherwise, the deposit will
be refunded immediately without interest. If the
offer is accepted and the balance of the cash
purchase consideration is not paid in full within
_______ (__) days from the date of acceptance by
the owner-seller or within the period agreed upon
between you and the owner-seller, then the deposit
will be forfeited in favor of the owner-seller as and
for liquidated damages, unless a mutually-agreed
extension date is agreed upon.

SOURCE: REALTOR® Phil M. Coquia

26
 Conveyance of all original property documents like
the title, Tax Declarations, etc. shall pass to the
buyer only upon full payment of the agreed sale
consideration.

Taxes/Other Expenses: The applicable capital gains tax or creditable

withholding tax shall be for the account of the
owner-seller. The documentary stamp tax shall be
for the account of the ________. Property taxes
accruing up the end of the quarter / end of the year
following the Closing Date, shall be for the
account of and to be paid by the owner-seller.

On the other hand, all costs and expenses to be

paid for the transfer of title including but not
limited to, local transfer tax, notarial expenses,
registration of sale, legal documentation expenses,
if any, and such other Register-of Deeds-related
costs, fees, expenses and charges as well as all
other incidental and miscellaneous fees, expenses
and charges that may be necessary and/or required
to effect the smooth transfer of title/ownership of
the lots in the name of the buyer, shall be for the
sole and exclusive account of the buyer..

Other Conditions : Other terms and conditions which may govern

the sale transaction may be discussed between the
owner-seller and the buyer.

I am/We are prepared to accompany you (and your other company executives) in conducting an
ocular inspection of the property at your convenient date and time. I/We would
appreciate it though, if you can provide me/us with at least a day’s notice of your
intention to inspect the site so I/we can properly arrange the inspection schedule with the
owner-seller.

Meanwhile, please do not hesitate to call me/us anytime for any question or query that
you may have on the above offer and I/we would be happy to sit down with you to
discuss the same. I am/We are looking forward to receiving your positive response
soonest.

Yours sincerely,

___(REALTOR’s/Broker’s Name in bold letters)___

_________(address)_________________________

cc : Owner-Seller

SOURCE: REALTOR® Phil M. Coquia 27