Overview
A reservation temporarily secures a property while you complete the next steps of the purchasing process.
Typical Reservation Process
- Select your preferred property.
- Review the reservation terms.
- Pay the reservation fee (where applicable).
- Receive confirmation.
- Begin the sales and documentation process.
Before You Reserve
- Confirm the purchase price.
- Understand what the reservation fee covers.
- Review expiry dates and refund terms.
- Ensure your financing is progressing.
Frequently Asked Questions
Does a reservation guarantee ownership?
A reservation generally secures the property for an agreed period, subject to the reservation terms and completion of the transaction.
Can I cancel a reservation?
Cancellation rights depend on the reservation agreement and applicable policies.