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How does pre-construction work in Ontario?

The buyer and the builder meet with a real estate lawyer to finalize the agreement. The lawyer reviews all of the documents and makes sure that everything is in order. If there are any problems, they will not be able to close until those issues are resolved (for example, if the home inspection reveals necessary work, such as roof repairs).<br><br>

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How does pre-construction work in Ontario?

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  1. IS IT GOOD TO BUY PRE- CONSTRUCTION HOUSE? Buying a pre-construction condo is quite popular these days. Some developers have been selling out their buildings before they even break ground! There are many things you should be aware of. The first thing is that the property's market value will not be determined until it is built. Also, buying pre-construction means that you are investing in someone else's development project, so think about what happens if the project falls through. Finally, make sure to consult with a real estate lawyer to get their professional opinion on the property and the contract. They will be able to help you understand all of the risks and rewards associated with buying pre-construction. CONTACT THE BEST REAL ESTATE LAWYER IN TORONTO PHONE NUMBER: 1 416-747-9900 EMAIL: DLAGAMBA@LDLAW.CA

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