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.
Landlord’s comments
Completely renovated A to Z * including fridge / stove / dishwasher / washer / dryer *** * 1 bedroom with walk-in closet * Kitchen * Dining area * Living room * Washroom - Totally redesigned - new windows & doors - new kitchen with countertops, & double sink, -new kitchen Flooring - new bathroom with beautiful lighting for natural day lighting on bathtub - new electrical heating system with digital technology thermostat - new modern interior doors & handles - all LED lighting with dimmable switches - new washer and dryer inlet away from the kitchen - freshly painted - excellent neighbours - nearby bus - 10 min to metro station & Carrefour Angrignon - - A must visit. * No cannabis - no pets , * non smoking - call (514)212-2525