This payment method is the easiest and fastest way to purchase a real estate property. As the name implies, it’s paying on the spot. However, this payment scheme may vary from one developer to another. Paying on the spot or spot cash simply means that the buyer needs to pay the total price (house and lot package, condominium unit price, lot purchase price, etc.) in a given period of time – usually 1 month after the property was reserved.
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