Jan 10 2008

Buyer BewareL CBC Show on Condo Prebuys

Published by Dan Johnston at 1:23 pm under Condos

The CBC aired an excellent program on condominium pre buy units. The main message was condo buyers have little legal rights and should be very careful about buying anything pre construction as it is all subject to change.

 To summarize the advice given at the end of the program:

  • Take a measuring tape to the model suite and compare the measurements with the floor plans
  • Look into the developer’s record
  • Visit a completed building by the same developer and ask residence if they are happy
  • Hire your own real estate agent and lawyer
  • Show the contract to your lawyer, sometimes it can be improved

You can watch the full program online here:

http://www.cbc.ca/marketplace/2008/01/09/condo_crunch/

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