May I visit my new home prior to closing?
You are encouraged to visit the jobsite on a regular basis. We feel that the success of the project will improve the more you involve yourselves in the process. We feel our client’s require a certain amount of time to bond to their new home while it is being built. We feel the best way for them to make their necessary decisions will be to keep visiting the home as it is being built. For instance prior to wiring the house it is important to have walked through the home numerous times to understand how the "traffic patterns" work. You will have numerous decisions to make on placement of 3-way switches, but it will be difficult unless you have visited your new home on several occasions.
What happens on closing?
The week of closing the transaction can be a hectic one. There are visits to the lawyer, bank, moving company, moving out of one house and into another. If the new property is owned by the builder, the actual closing occurs when the property changes hand from the builder to the purchaser. This is completed by lawyers at the Land Registry Office. If the purchaser owns the lot then the closing occurs after final payment is made to the builder. Previous accounts that have been set up with Hydro One and Consumers Gas in the builders name will be transferred into the purchasers’ name on closing. A walk-through inspection will also occur with the builder or a representative of the builder prior to you moving in. This will activate your Ontario New Home Warranty and outline any items which may need to be completed or corrected after moving in.