Also,we are not obliged to pay costs, legal fees or expenses for these matters.3.1 General risks which are excluded.Risks which:(a) cause you no loss or damage;(b) you create, allow, assume or agree to at any time;(c) arise because you did not pay full value for the Land;(d) are known to you, but not to us;(e) occur, come into existence or appear in Public Records after the Policy Date, other than those risks insured underClause 2.2;(f) arise out of or relate to any business activity. 2.2 Risks occurring after the Policy DateWe insure you against the following Covered Risks only if the circumstances creating or giving rise to these risks occurafter the Policy Date.Forgery, fraud and mistake(a) an instrument is registered or otherwise recorded by which someone else claims to have an interest in or anencumbrance, charge or lien on the Title to your Land because of;(i) an act of forgery, fraud or misrepresentation; or(ii) a mistake by a title registry or a governmental or local authority.Encroachments(b)someone else builds a structure, other than boundary walls or fences, which encroaches onto your Land.

I don't pay any higher just in case I have to sell it right away due to unforeseen circumstances - never know if a better deal comes along right in the middle of escrow!

One year unless you have extenuating circumstances (job transfer, wife gets pregnant with triplets in a 1 bedroom, etc).

Guys please provide feedback on this circumstance.

Guys please provide feedback on this circumstance.

We can put 20% down on $300k and have reserves for renovation or unforeseen expenses.  

The agreement they sent looks ok but seems to have alot of legal jargon that makes them not liable for anything and forfeits any of my rights to seek damages in case of anything unforeseen happening.

On the basement we only finish out basements under certain circumstances.1.

Look at your unit and evaluate what you would be willing to pay * 90%.Numbers killers: taxes, vacancy, unforeseen specialized labor costs.

I mention early in this thread the circumstances of my 38K purchase.