Builders scam on HST rebate vs purchase price
Beware of HST scams and purchase price, some builders keep original price in the document in the front page but in the HST schedule clause section. They keep big paragraph which you think, it is standard but they keep these kind of sentences where you won’t notice as “ purchase price is minus the HST rebate, in case person is not qualified for HST rebate for some reasons, purchaser will pay HST rebate to builder. Be aware of these scams,
Please read every line in the purchase agreement before sign, these sales agents and builders knows how to scam people.
Also when sales agents says when price reduction happens builder will give price adjustments, don’t listen to these kind of words, ask them to give written confirmation before you sign the documents unless builder put price protection clause in the agreement.
Prices won’t go up and quickly, please don’t rush to buy. Also, don’t listen to sales agents saying prices will go up. Having lots of cars inform of sales office is also big scam to show that lots of buyers. That’s not true, they are arranged by to show the crowd.
This happened in Markham with big and trusted builders also.
When prices falls, sales agents saying vendor will send green signals to send price adjustments it nothing happens, they drag the story till the closing date so that they hold your deposit and force you to close the deal as per price agreement. This is fact and happened. Please be aware of these kind of situations.