chemin Simoneau Orford 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.
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.
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Owners’ comments
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Original comments
Residential lot 827 feet deep, 194 feet of frontage and irregular at the back and west side
Near Mont Orford (alpine and cross-country skiing, hiking trails, fat biking...). Several golf courses nearby.
30 minutes from all Sherbrooke services (Costco, Canadian Tire, Walmart, pharmacy, grocery store...)
25 minutes from Magog (restaurant, shops, shows...)
Terrain résidentiel de 827 pieds de profond, 194 pieds de façade et irrégulier à l'arrière et côté ouest
Près du Mont Orford (ski alpin et de fond, sentiers pédestres, fat bike...). Plusieurs terrains de golf à proximité.
À 30 minutes de tous les services de Sherbrooke (Costco, Canadian Tire, Walmart, pharmacie, épicerie...)
À 25 minutes de Magog (resto, boutiques, spectacles...)