Buying a newly built home or a previously owned property is about more than comparing two prices. You also need to consider the timeline, any work the property may need, costs that may not be included in the asking price, and the kind of community you want to live in.
As a residential real estate broker, I recommend looking at the whole picture: the land, the home, any extras, your commute and how the neighbourhood may develop.
One of the questions I hear most often is, “How long will it take to sell my house?”
It’s an excellent question, but the answer is rarely as simple as a number of days or weeks. Every property is unique, and several factors influence how long it takes to find the right buyer.
The good news is that by carefully evaluating the market and your property, it’s possible to establish realistic expectations and develop a strategy that helps maximize your chances of selling within a reasonable timeframe.
I am often asked whether a problem discovered after purchasing a property automatically constitutes a latent defect. The answer is no.
Water infiltration, a foundation crack, or a plumbing problem may be serious without necessarily meeting the legal definition of a latent defect. Each situation must be assessed based on the facts, the available documents, and the condition of the property at the time of the sale.
In Quebec, a defect must generally meet the following four conditions to be considered a latent defect.
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