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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.
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
Land ready to build at Lac Lili in Chertsey (Lanaudière) 1 hour from Montreal.
Cadastre: 6 441 596
$69,500 + taxes for the land
- 2nd row land with access to the notarized lake (dock)
- Private estate with annual contribution (owners association): $542.19/year for maintenance of the private common road and snow removal for the land. When the building is built the annual contribution doubles, or $1084.38.
- Entrance path already made and logged land for rapid construction
- Sector allowing short-term rental, Airbnb with CITQ permit
- Possibility of obtaining the construction permit from the City in 1 month
- Soil test + septic installation report already carried out
- Possibility of rental income up to $75,000 per year
Activities less than 30 minutes away:
Forêt Ouareau Regional Park for snowshoeing, cross-country skiing, cycling or hiking.
Sainte-Marguerite-du-Lac-Masson Estérel for skating, snowshoeing, and dog sledding.
Val Saint-Côme ski resort, La Réserve ski resort in Saint-Donat, Mont-Garceau ski resort in Saint-Donat, Montcalm ski resort.
Super Glissades Saint-Jean-de-Matha.
La Source Bains Nordiques in Rawdon.
Rawdon Falls.
Aerial walk in the Arbraska trees in Rawdon.
Rawdon Golf Club and Estérel Golf Club.