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
2 bedrooms located just a few steps from the Langelier metro station in a complex built in the mid 70s and containing 78 apartments for rent in HoMa. If traveling by car, you can reach expressway 25 through Sherbrooke Street or the Metropolitan Expressway through Langelier Boulevard. Many stores and services are located within walking distance. A municipal library and a dental office are on the ground floor of this building. Once you go out, you can easily reach shopping malls, drugstores, banks, grocery superstores, restaurants, medical clinics, public parks, churches, and much more. There's a laundry room on all floors and underground parking is available for an additional monthly fee. Rent is $ 1,025 monthly. Move in now.