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Questions for the Buyer: 1) How much available cash on hand? In general, there would be an initial deposit followed by a series of deposit as specified by the builder. TYPICAL DEPOSIT STRUCTURE FOR A $750,000 unit: $10,000 on Signing (Bank Draft – Manda...

For the initial offering a worksheet must be submitted. Assuming the worksheet is accepted, or the Buyer has simply found a unit the following paperwork must be completed: RECO Information Guide Buyer Representation agreement FINTRAC The Builders contract...

In all cases a Lawyers review is mandatory so that the Lawyer can explain possible taxes. The following is brief over view of taxes for the Buyer: The rules for taxes for a Buyer revolve around whether or not the Buyer will occupy the property for their ow...

A Buyer should always check whether or not the following is in the Builders Contract. This can reviewed with the Buyers Lawyer. There may be additional subjects that may affect a Buyers decision. The review is Mandatory. Here is a short list of consideratio...