Could this property be “the one”? Here’s an overview of the steps involved in becoming the owner. These steps and the legal implications remain the same whether the property is purchased from an individual or through a broker.
One of the first things to do when looking for a property is to get a mortgage preapproval from a financial institution. The goal is to determine borrowing capacity, and as a result, the price range to be looking in.
The property suits the budget and needs? Time to submit an offer to purchase! This document sets out the price, the elements included in the sale, the possession date, the conditions of purchase and all other information relevant to the sale.
Need the form?
The offer to purchase generally includes conditions. The most common are the property passing an inspection, the buyer providing proof of financing and the buyer selling their own property. Once the listed conditions are met, the property is considered sold.
The last step is to see a notary, who is generally chosen by the buyer. This real estate professional drafts the deed of sale and ensures that the interests of all parties involved are respected.
Once the deed of sale is notarized, the new owner gets the keys to the home. All that’s left is to move in!
See our All about buying section.
Owners’ comments
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Original comments
A small family paradise, who is lucky, 120 acres in total so 90 wooded acres with the possibility of a small maple grove and 30 acres in pasture. Barn - stable with well and wood shed. Location of 160,000 ft2 near to be established with a functional well, breeding and cultivation opportunity, hunting big game and small game, near salmon rivers, tranquility away from neighbors, no dust and access to electricity and access all year
round.Un petit paradis familial, à qui la chance, 120 acres total donc 90 acres boisés avec possibilité petite érablière et 30 acres en pâturage. Grange - étable avec puits et hangar à bois. Emplacement de 160000 pi2 près a s'établir avec puits fonctionnel, opportunité Élevage et de culture, chasse gros gibiers et petit gibier, près des rivières a saumon tranquillité loin des voisins, pas de poussière et accès a électricité et accès a l'année.