Buying a Preconstruction property if very easy. But there some tricks that can enhance purchaser journey.
Most brand new properties in Canadian provinces like Ontario, British Columbia, Saskatchewan, Manitoba, Alberta, New Brunswick, Quebec, and Nova Scotia are built and sold by license real estate builders so it is important for anyone looking to purchase a property whether it is a single family home or condominium apartment that they are familiar with the contract documents to avoid any mishaps.
Through this video I have shared many tips and explained the buying process for new build homes and condo apartments from purchase and sale agreement to new home warranty.
This topic is curated for both investors and first time home buyer.
Chapters:
0:00 Introduction
0:26 How to Find Preconstruction Projects
01:56 How to Evaluate Builders & Developers
03:34 Deposit Requirements for Preconstruction Project
04:34 Purchase and Sale Agreement
06:39 What is a Cooling off Period
06:58 What is a Décor Appointment
07:22 Closing
BuzzBuzzHome
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References Links
$8M lawsuit alleges defects in Mike 'Holmes approved homes'
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Pricey extra fees for new homebuyers should not be last-minute
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Homebuyers set to lose unprotected deposits of up to $150K after GTA developer refused licenses
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🙂 Contact Us
📧 Email: faiza@egie.ca
📲 Phone: 647-881-2164
