Closing A Pre-Construction Property in Calgary
Hi, my name is Kyle Dovigi and I have helped over 150 people to close on their pre-construction properties in Calgary - including 4 of my own personal properties! Learn from my experience and mistakes! I am here to help, so contact me anytime.
Whether you're a first-time investor or adding to your portfolio, this guide is designed to make the closing process as simple and stress-free, and to protect your investment. I’ll walk you through every step—what to expect, what to prepare, and how to ensure a seamless closing from start to finish.
SECTION 1
Preparing for Closing
SECTION 2
Required for Closing
SECTION 3
30 Days Before Closing
SECTION 4
Closing Week
SECTION 6
Maximizing Your Investment
6) Lawyer
A lawyer is required for your closing and you need a strong quarterback behind you, so hire one in Alberta to coordinate your property closing–the good news is that everything can be done remotely and you never need to go to Calgary.
7) Mortgage
Mortgages are the trickiest part of closing a property and the #1 reason people don’t close on time. With enough time, any issue can be fixed, so start early!
8) Insurance
Insurance is your secret weapon to protect your investment and for peace of mind, but it’s also typically a requirement of your mortgage.
9) Utilities
Buyers must set up utilities and provide proof to the developer before their closing and may include electricity, gas, and water accounts.
10) Appraisal
An appraisal is the determination of the current market value of your property by an independent third-party and is generally a requirement of your mortgage lender.