You’ve discovered the home you’ve been searching for and you’re ready to make the deal. Before you sign to an Arrangement of Buy and Sell , consider these tips to help you to comprehend your rights as another home buyer. If you wish to buy your own home in Collingwood, click here.

Review the Agreement of Buy and Sell with a real estate or condominium lawyer before marking to guarantee you see precisely what is incorporated into the price of the home. On the off chance that you are purchasing a condominium, review the exposure statement to comprehend what items are part of your unit, and what things are viewed as basic components. Ensure whatever is agreed to verbally by your sales representative is reflected in writing.

If construction has not started the home or condominium, discover when the builder will start and how you will be informed if there is a delay. Make certain that you and your lawyer document all details about stores and delayed closings or occupancy.

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An Addendum is required to be included in the purchase agreement. It gives extra data, just as your rights concerning delays in development. It is vital to audit this document with your lawyer.

At the signing of the buy agreement, you will be required to provide a deposit to your home. As of January 1, 2018, stores on freehold homes are protected for up to 10% of the purchase price to a limit of $100,000 and at least $60,000. Condominium deposits are concealed for to $20,000 by Tarion, and stores over $20,000 are ensured by the trust and excess store protection arrangements of the Condominium Act, 1998.

Ask when you will be reached to make selections for inside and outside finishes. Every builder has an alternate strategy for finalizing selections.

Ask your builder who to contact about scheduling your pre-delivery inspection (PDI) and when it will happen. Get ready for the review by perusing our PDI Checklist or using our leaflet Getting Ready for the Pre-Delivery Inspection.

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Ask about the builder’s after sales service policy and who to contact should an issue arise. Ask who to contact in emergencies, too.

Understand the warranty that comes with your new home and what to do if you think you have a claim.

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