Habib & Associates
Honesty • Integrity • Experience

Real Estate Law

Newly Constructed Homes

 
 

Purchasing a Newly constructed home

The preliminary stages in the process of buying a home from a builder are among the most important. Make sure you do your homework and surround yourself with the best professionals to assist you in making sure you find the new home of your dreams.

For most people purchasing a new home is the most important transactions that will happen in their life. A new home can be one of the largest commodity a person or family will own for their entire life. It is important that you choose a right firm to help you with this transaction. We take these transactions very seriously and are always available to help and answer any of your questions that you might have along the way.

Our goal is your satisfaction.

Before you make an offer to an New home builder we can help you:

  1. Confirm the builder’s timeline
  2. Review and explain all elements of the Builder’s Agreement
  3. Assist to familiarize yourself with the Mortgage terms
  4. Help you to understand Land Transfer Tax
  5. Explain the Ontario New Home Warranty Program

Consult with our real estate lawyers before signing before you sign a purchase contract. Standard purchase agreements are designed to keep everybody out of court, but they don't necessarily contain language that protects the buyer. Ask questions about removal of contingencies and your cancellation rights. We will ensure you understand your liability and commitments.

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