Thursday, March 24, 2011

Closing Costs in Builders Agreements

Builders forms and fine print often contains Levy's and addition charges for closing costs. During the 10 day rescission (cooling off) period bring your Builders Agreement of Purchase and Sale (condo or house) to make sure you understand what you are signing for. Do not get caught unaware.



Many additional fees exist in addition to the normal hydro, gas and water meters, and may take the form of park land dedication. tree planting, paving, grading or municipal lot levies issued to date of closing.

Protect yourself by understanding what you are signing within the 10 day cooling off period. Call Stan Gelman today to review your contract with you.

No comments:

Post a Comment