181 chemin Boulet Lac-Drolet Estrie
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The steps involved in buying a property
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
Build your home on a dream piece of land, flat, beautiful waterfront (navigable). Golden fishing, bass, yellow perch, mountain bike trail (4 wheels) and snowmobile. Close to mountain trails, cross-country skiing. Quiet path 5 minutes from all services. Restaurant directly on the lake. Dock, possibility of lifting the boat. Building on the land, well, electricity and pit.
Construisez votre résidence sur un terrain de rêve, plat, beau bord de l'eau (navigable). Pèche doré, achigan, perchaude, sentier de VTT (4 roues) et motoneige. Près des sentiers en montagne, ski de fond. Chemin tranquille à 5 minutes de tous les services. Restaurant directement sur le lac. Quai, possibilité de levé bateau. Bâtiment sur le terrain, puits, électricité et fosse.