I always warn any of my buyer-clients who are considering a new home from a builder that they should insist that any offer they make should be conditional on them reviewing it with their lawyer.
I'm not saying that buying new is a bad thing - but buyers should remember that sales people working on behalf of a new home builder are not required to be licensed real estate agents so they have no governing body like RECO to oversee them and have no Code of Ethics to abide by.
This article in The Star is a perfect example of some of the things to be aware of.
(including a 39 page purchase offer!!!!)
http://www.yourhome.ca/homes/article/622890
Is your neighbourhood up or down recently?
http://beta.theglobeandmail.com/globe-investor/early-signs-of-a-rebound/article1061236/
Is the Spring market already starting to thaw? Click here.
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