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Buying a Condo from Plans? Read the fine print...

Posted on December 4, 2012 by Tom Bushey

Posted in Buying a Home In Calgary, Condominiums, Property Virgins

If You're Buying a Condo from Plans, Read the Fine Print and Avoid Condo Buyers' Remorse...

When you buy a condominium from plans that won’t be built for a few years, the developer has to give you a list of important documents when you sign the sale agreement. These include the rules that will govern the condominium and a budget for the first year, so you can figure out in advance what you will pay for common expenses.

You have 10 days from the date the developer gives you that information to change your mind. If you do not cancel, then it is a firm deal.

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Tom Bushey, Associate Broker & Realtor®

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