The Offer to Purchase

You found the perfect new home and now you want to buy it. What do you do next!

Doing the following will lead to a better outcome.

All new home agreements should be reviewed by a Real Estate Lawyer before they become firm and binding transactions. At RealProperty our Network of Real Estate Lawyers will review your new home agreement at no additional cost, provided you have signed and the lawyer has accepted your confirmation of representation. 

 

  • Make sure your agreement contains a conditional mortgage clause. This allows you to cancel the agreement if you are unable to obtain the right financing.
  • The final adjustments for brand new homes can average $5,000 and may increase substantially if costs (that are passed on to the new owner) are not capped in the agreement before it becomes firm and binding.