How do you actually verify a new launch developer's track record before booking a unit?
Superhomes Team
25 days ago
What's the actual process people use? So far I've thought of: checking if the developer has completed projects nearby I can go look at in person, searching for their name plus "delay" or "abandoned" online, and asking the sales team directly how many of their past projects hit the original VP date (though obviously they'll spin this).
Is there a more official way to check, like a registry of developer track records, or do agents/buyers just rely on word of mouth and site visits to older completed projects by the same developer? Also curious how much weight people put on the SPA's LAD clause as a safety net versus actually avoiding developers with a bad history in the first place - feels like LAD is compensation after the fact rather than actually preventing the delay.
Would appreciate a checklist from anyone who's bought multiple new launches or agents who deal with several developers regularly.
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