May 26, 2022
Protect your interests in the biggest transaction of your life
You are allowed to work with your own realtor when you buy a new build home, directly from the builder.
As you visit presentation centres, you may find scale models and glossy brochures showing the planned development, a variety of floor plans, examples of fixtures and finishes, and friendly sales representatives who are eager to help.
But, it’s important to remember that the salesperson working at the presentation centre is representing the builder. While the Real Estate and Business Brokers Act, 2002 (REBBA 2002) mandates that registered real estate professionals treat all parties in a transaction with fairness, honesty, and integrity, those folks will be working with the builder’s best interests in mind. Additionally, if the representative is a full-time salaried employee of the builder, they may not be registered with RECO. So always bring your realtor when buying a new home from the builder.
Much like a professionally-staged resale home, it’s easy to get caught up in the beautiful features being showcased at a presentation centre or model home. Before you start selecting floor plans and paint colours, consider working with a registered real estate professional to represent you during the buying process. Having a knowledgeable professional protecting your interests is a smart move.
Contact THE GORDON TEAM - RE/MAX ESCARPMENT REALTY INC. today to learn more about the new construction homes in your areas of interest