When purchasing a new condominium building in Bend Oregon, Tarifon Corporation Guarantee offers buyer protection under the New Home Guarantee program. Membership in the program is mandatory for new home builders and offers protection to new home project buyers. This coverage includes security deposit, defects in workmanship and materials, and security issues related to late closing and occupancy.
An important step covered by the New Home Guarantee Program is inspection. Prior to the handover date of the new building, the buyer will be brought to the unit with an inspector to point out any defects that need to be addressed by the builder.
You can get more information about new construction in Bend Oregon at www.gobend.com/bend-new-construction.
Newly constructed home buyers are insured against defects in materials and workmanship in their new home for one year from the date of ownership. There are also 2-year and 7-year warranties that cover major device defects.
Another very important issue in today's real estate market is pending loan dates. Homebuilders have the legal right to delay new construction projects as long as they give the buyer proper written notice. However, if the buyer is not notified as required, the buyer has the right to claim damages.
It should be noted that compensation will not be paid if the delay is caused by the buyer himself or if the delay is not the responsibility of the builder (strike, flood, etc.). Please note that if the new building project is completed early by the developer, the buyer is not obliged to accept it.
Buying a new home can be a big investment and an exciting process. Make sure the Rate Guarantee actually applies if you buy a new building property.