Once you have chosen your home, it is time to arrange for your deposit. You must also sign an Offer to Purchase. With the Offer to Purchase, it is important your guaranteed funds, and two pieces of government issued photo identification which includes your present address.
After signing your Offer to Purchase, you will receive an original copy and if you are buying a condominium, you will also receive a set of condominium documents. For condominium purchases, there is a 10 day statutory period, which you are given to review your documents and have any questions answered. At this time it would be in your best interest to obtain a lawyer so that they may answer and address any of your concerns in a professional manner. On the expiry of this 10 day period, subject to any conditions in the offer to purchase, the agreement becomes firm and binding for the purchaser and vendor.