standards are met. Veranda is a member of the Alberta New Home Warranty Program as well as the Calgary New Home Builders Association. We build in ...
Possession Date - Buying a new home from a Builder | Edmonton Real ...
Possession Date – Buying a Home from the Builder
Posted on 11. Jan, 2011 by admin in Real Estate
One of the first questions to your Builder is usually – When do I get to move in?
What is the Possession Date? Simply put, the Possession Date is the day the Seller (the Builder) is paid and the keys to your new home are released to you.
Depending on your purchase contract with your Builder, the Possession Date will be a fixed date that you know when you sign your purchase contract or, as is most often the case; your Builder will give you about 30-45 days written notice of the Possession Date.
Can your Possession Date change? Your Possession Date could change even if your purchase contract refers to a fixed Possession Date and even after you have received written notification of the Possession Date. There are usually clauses in the purchase contract that will allow...
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