The “Promise” vs. The “Ownership”.

In the auction timeline, you sign two main documents. Knowing the difference prevents panic.

CTS (Contract to Sell)

• When: You sign this after winning the bid and paying the deposit.
• Meaning: “I promise to sell this to you IF you pay the full amount.”
• Ownership: The Bank still owns the land.

DOAS (Deed of Absolute Sale)

• When: You sign this after the loan is fully paid or you pay spot cash.
• Meaning: “It is yours.”
• Ownership: You are now the owner. This is the document you need to transfer the Title.