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
Woodlot, size: 87.9 acres (35.6 hectares).
Location: rang 8 in New Richmond, 13.6 km from the 132 in New Richmond (18 min. according to Google). Road maintained by the Town of New Richmond (except 600 meters before arriving on land).
Lot number: 5 321 074
Use: Logging (zoned white, possibility of building a chalet without restriction).
Wildlife attractions: a place to hunt deer, black bear, partridge, hare, mushrooms, fiddleheads, etc.
Tree species: mixed forest (white spruce, balsam fir, cherry, sugar maple, red maple) mature forest between 30 and 80 years old. No logging for 20 years.
The forest management plan was updated on August 22, 2022.
A path is available that runs North-South, with small streams on the lot (drinking water).
Sold by a company, taxes are added to the asking price.
Asking price: is $131,850 plus taxes ($1,500/acre). No seller financing.