In Quebec, the property transfer duties is a tax that all municipalities must collect from the new owner (buyer) of 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
WOODEN LANDS IN LAKE BORDER
In the greatest respect of the environment, the development of Lac Sartigan is realized with a concern of protection of the fauna and the flora. By prohibiting gas powered motorboats, this peaceful and ecological environment will be preserved. The diameter of Lac Sartigan is about 3-4 km.
This residential development is in 3 phases offering a total of 83 lots. Located in an enchanting place, the charm of its grounds will make you dream. Accessing Lac Sartigan, maple, cedar and spruce woodlands offer a unique character that will appeal to nature lovers. Offered at different prices, their acreage ranges from 43,000 to 80,000 square feet. In mountainous or flat terrain, you will find your ideal terrain.
The price of lakeside land is $ 1000 per linear foot.
2nd row lake front: Price between $ 24,000 and $ 46,000
3rd phase at $ 0.95 / sq.
A peaceful place to live in, calm reigns in all seasons. Lac Sartigan has the distinction of being fed only by groundwater sources. The quality of the water is exceptional and the analysis of the water is carried out annually. NRJ Spa Nordic present in phase 1 via land number 6. Each land must be equipped with an artesian well for drinking water. Each site must be equipped with a purification system that complies with environmental standards.
** Electricity and fiber optics are available on all terrains. Every year, the lake is stocked with trout. All motorboats are prohibited, except those with electric propulsion. **