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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.
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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
Automated translation
Original comments
Beautiful wooded lot of 233,967 ft2 (5.3 acres). 274.32' wide by 713.22 deep. There are no neighbours in the back. Landscaped path of about 350 leading to an area of 120 x120 equipped and ready to build. Soil study has been carried out and the location of the well and the drain field has already been determined, but can be relocated according to your needs. For single-family house/farmhouse projects. Not divisible and restricted on the rental building side according to the criteria of the city of Sherbrooke. The land does not yet have a civic number and is located to the left of 4750 Rhéaume Road. -500m from the intersection of Routes 249/220
.Magnifique terrain boisé de 233 967 pi2 (5.3 acres). 274.32' de largeur par 713.22 de profondeur. Aucun voisin n'a l'arrière. Chemin aménagé d'environ 350 menant à un air de 120 x120 aménagé et prêt à bâtir. Étude de sol a été réalisée et l'emplacement du puits et du champ d'épuration a déjà été déterminé, mais peut être relocaliser selon vos besoins. Pour projets de maison unifamiliale/fermette. Non divisible et restreint côté immeuble locatif selon les critères de la ville de Sherbrooke. Le terrain n'a pas encore de numéro civique et est situé à gauche du 4750 chemin Rhéaume. À -500m de l'intersection des Routes 249/220.