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
Students of McGill University or UQAM will love the 220 apartments for rent in downtown Montreal of this 21 storey building. Ideally located on Sherbrooke East near Saint-Laurent, Saint-Denis streets and the nearby Quartier Latin neighbourhood that offers an array of restaurants, shops, premium grocery stores, cinemas, theatres, concert halls, hospitals, etc. Rental Office is located at 65 Sherbrooke Street East. The hot water, heat and electricity utilities are all included in the $985.00 per month rent. The building offers many features like a rooftop deck, elevators, laundry rooms, indoor pool, sauna and exercise room. There's are underground parking spots available for an extra monthly fee. For security, there's a night watchman, surveillance cameras and a superintendent on site. Move in now.