Buyer Resources

So you’ve done your research, figured out your finances, spent lots of time searching, and now you’ve finally found the perfect place.

How do you make it yours? First, you have to make an offer.

Our sales people, or your realtor, will help you put together your offer. They can advise you on the terms and help you develop an offer that will secure you the home of your dreams. We ask that offers be written on our standard contract. Since we typically are selling during construction, terms need to be included in the contract to protect the buyer and seller.

Next comes the disclosure statement.

You’ll receive a copy of the disclosure statement, which is a legal document that outlines all the material facts of the building and the developer. We recommend that you read this document carefully.

The next step involves the development of a contract, which will typically include:

• A description of the property
• The price the property will be purchased for
• The deposit, which is a portion of the sale price held in trust by a lawyer
• The dates for closing (the date you will pay for the property), possession (the date you own the property) and adjustment (the date property taxes and strata fees are adjusted to)
• All chattel (such as appliances) that will be included
• Number of parking spaces included
• Subjects, which are conditions that must be met (e.g., subject to the buyer arranging a mortgage) before the sale can proceed

But what if the conditions can’t be met, or the offer isn’t accepted?

If the offer presented is not acceptable to the seller, then he or she will write a counter offer. Counter offers will go back and forth until both parties accept the contract.