I read today in the Toronto Star (July 5 – H6) an article by Bob Aaron on closing dates. Although the closing dates might seem a little long, there were other rules implemented by Tarion Warranty that might have saved me a lot of bother in my situation and you should be fully aware of as they were implemented July 1st, 2008.
Purchase agreements must now disclose the status of the development approvals. Knowing this would have given me some piece of mind. I knew the development was being delayed through word of mouth but, having it on the record I believe, protects the buyer and allows you to make an informed decision. If you know there are already built in delays, you can decide if you want to take a chance on buying and, if you buy, make a better guess on when your old house can be put up for sale.
As well, the builder must now deliver a signed municipal occupancy permit to the purchaser on or before the closing dates. This was one of the items I was asking for in my educational program. Mattamy Homes did not give me an occupancy permit and I have it on record that one would not have been issued had it been requested. This only emphasizes that our closing was unethical at the very least and now buyers will be protected from such activities by builders. Make sure you take full advantage of this new requirement, along with demanding that you be able to hire a house inspector to monitor construction.
Previously, I discussed how the Town of Oakville handled my complaint, or should I say, sidetracked it into oblivion.
In all fairness, one of the councilors on the committee did ask me if I had I contacted my lawyer about this and if so, why did he do nothing about it? She obviously saw that Mattamy Homes had been wrong in this transaction. I had unfortunately relied too much on Mattamy Home’s reputation and the reputation of the Town of Oakville and did not keep my lawyer fully informed on how the closing was developing. I guess blind faith led me to believe responsible and respectable people were going to ensure a proper closing. Ah well, as they say, a fool is born every minute and, Mattamy Homes found theirs. Once I came to the final inspection and saw the condition the house was in, I should have immediately informed my lawyer and had him deal with it. Yes, I was probably going to end up on the street with my old house sold and a truck full of goods and no place for my children but, at least they would not have been put at risk by moving into a house wired the way it was. My advice – you’re paying the lawyer so you should get full value from him/her. Keep them informed of what is happening right up to and after the closing. Ensure they are given all the facts, backed up with observations from a trained and professional house inspector and your largest investment of your life will be protected from those trying to short change you or, put you at risk through wrongly wired equipment. Remember, even though the builders will tell you it isn’t yours until closing date, it will ultimately be yours and you have a right to ensure it is put together in the manner it was advertised to be finished. Model homes are put up to attract the buyer and show off what the builder can do. Anything less on your house is a fraud and you should ensure you are protected. Did you ever wonder where Mattamy Homes got all the millions they donate to the Town of Oakville and other places, and pay for the free bus service in Milton? It’s your money, so you have a right to demand the advertised quality.