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01-07-2011, 02:31 PM #1
Renter
- Join Date
- Jan 2011
- Posts
- 2
New Construction Residential Agreement & Joint Escrow Instructions
Hi,
I'm new to this forum I would appreciate your help with your advices. I'm in process of buying a new construction residential property - condo mix use commercial on the first floor and residential on top.
I'm requested from the builder to give me a Certificate of occupancy in order for me to submit my offer. The property I'll make an offer is a new construction, so I received from the seller a “New Construction Residential Purchase Agreement and Joint Escrow Instructions - Use only when a residence to be constructed by close of escrow”, as a form to submit my offer.
When I get the Certificate of occupancy that will be the final document based on which if our offer is accepted I can move right away in the property without waiting any additional time. See, I don't want to get in a situation where I have to pay my rent and pay the mortgage of something I'm not using. Am I right in requesting that document before submitting my offer. I know for the financing I’ll need it.
Also may I use the regular form to submit my offer and not the one that was provided by the sellers agent.
I appreciate your input and help.
If you have any other advice in buying a new construction I would appreciate your input.
IvoLast edited by Ivo1914; 01-07-2011 at 02:36 PM.
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