Cooling Off Period – Buying A New Home or a Condo

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The ten-day cooling off period for pre-construction Projects

Buying or Investing in a Second property 
Always Consult your Lawyers and accountant !!!
Quick Review

After you have filled up the worksheet thru’ your Realtor, what happens next?
Your Realtor will try to secure* a unit for you. Once this is done successfully, he will arrange a day and time for you to sign the papers with the builder.

When you at sign your papers with the builder. From this date a buyer has 10 days to go through the documents, check related costs associated with it, satisfy himself and decide.  This period is called as “The ten-day cooling off period for pre-construction” during which, a buyer should go to his lawyer for his expert advice. If for any reason, buyer is not satisfied, they can back out from the deal within these 10 days period. After this deal will, automatically mature.
If you are planning to buy a New Home or a Pre construction condo, we have a dedicated Team of platinum Realtors. For more info, on this please free to call me at 416.562.8417

*Chances of securing a unit are maximum, if you are working with a platinum Realtor. Every Realtor can try and help, but may not end up securing a unit.