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
ROSEMONT RETIREMENT SELECTION
LIVE AN ACTIVE RETIREMENT
Studio starting at $1412 per month
Make the most of your retirement in one of Montreal's most beautiful neighborhoods. Selection Retraite Rosemont will seduce you with its two rooftop terraces, its charming interior courtyard and its large living rooms where you are sure to find an activity you like among the variety offered. Whether your heart is set on a studio or an apartment, their comfort and security will make you happy. A life full of surprises awaits you!
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At Sélection Retraite Rosemont, enjoying life becomes a full-time occupation. That's why your new address offers you a host of opportunities to stay active, to grow and to have fun. In addition to a warm and attentive staff to provide you with the services you need, while respecting your preferences, you will meet inspiring people with whom you can share your interests and leisure time in an exceptional and superior environment.
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