Typically, developers do not directly sell pre-construction properties to consumers. Instead, they rely on VIP Platinum brokerages to handle the marketing and sales efforts. Buying a pre-construction property is a completely different process from purchasing a regular home on MLS. Here are the steps involved in buying a pre-construction property:Step 1 - Work with a Trusted Platinum BrokerageTo secure a...
Tarion is a not-for-profit organization that provides warranties for newly constructed homes in Ontario, Canada. The warranties offer coverage for multiple tiers of defects and damages, depending on the year of construction. Here are the details of each tier of coverage as outlined on the Tarion website: One Year Warranty: Home must be constructed in a workman-like manner and free from material...
Building a new house takes time, and when you purchase a new house directly from the developer before it's built, it is known as pre-construction. Pre-construction properties can include houses, townhouses, or condos, and investing in them can have many advantages. However, it's important to follow some best practices when buying pre-construction properties.One advantage of pre-construction properties is...
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