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
Lot # 4676273 beside 22 Kennedy
This magnificent wooded lot of over 45,000 square feet is bordered by a small (non-motorized) lake and comes with deeded access to Lake Monaco.
THIS LOT IS IDEAL for walkout basement . No issue with water since the lot have a slope towards the water .
This land is located in an area a few minutes from amenities. Ideal for nature lovers and families wishing to live away from the city. Less than 15 minutes from Lachute, hospital and shops. Only 1 hour from Montreal and less than 45 minutes from Mont-Tremblant. Live in the heart of nature, municipal parks, lakes, hiking trails and cross-country ski trails