24/02/2026
One of the most common misconceptions in real estate:
“Sir refundable naman ‘yan diba?”
In most projects, reservation fees are NON-REFUNDABLE.
Why?
Because once you reserve:
• The unit is removed from inventory
• Marketing stops
• Documents start processing
• The developer assumes opportunity cost
It is not like online shopping na pwede mag-cancel anytime.
When can it be refundable?
✔️ If clearly stated in writing
✔️ If developer fails to deliver required docs
✔️ If bank loan is officially declined (depending on policy)
Before paying:
1. Ask for written refund terms.
2. Ask about forfeiture timeline.
3. Clarify what happens if you back out.
Reservation fee is a decision — not a reservation of feelings.