chemin du Bôme St-Félicien Saguenay-Lac-Saint-Jean
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The steps involved in buying a property
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
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Original comments
Saint-Félicien, Bôme Saint-Méthode sector, less than 500 m from the marina. Possibility to rent a dock.
Access to Lac Saint-Jean with a boat dock and a small beach for residents.
Large 100 x 400 fully deforested lot with 20 x 24 non-insulated warehouse.
Loan and obligation to build a cottage or house within the following year.
Saint-Félicien secteur Bôme Saint-Méthode à moins de 500 m de la marina. Possibilité de louer un quai.
Accès au lac Saint-Jean avec débarcadère ainsi qu'une petite plage pour les résidents.
Grand terrain 100 x 400 entièrement déboisé avec entrepôt 20 x 24 non isolés.
Prêt et obligation de construire un chalet ou maison dans l'année qui suit.