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
CONSTRUCTION BY LES ENTREPRISES LACHANCE
Land for sale only for construction by Les Entreprises Lachance Sherbrooke - Lac Magog area
Les pentes de la Haute-Rive
Price starting at $115,000
Large lots with a view of Lake Magog. Close to many sports and cultural activities.
Water, sewer and paving services included.
A well located project close to important road accesses such as highways 10, 55, 410 and 610.
Lot 5 901 309: 10 594 sq. ft., to be built: Single-family 1 floor
115 000$ - RESERVED
Lot 6 319 768 : 13 304 ft2, to be built: Single family house (1 floor)
131 000$ - Available
Lot 6 319 769 : 12 561 sq. ft., to be built: Single family house (1 floor)
134 000$ - SOLD
Lot 6 319 779: 13,427 sq. ft., to be built: Single family house (2 floors)
134 000$ - SOLD
Contact us for more information and visit our website.
Cell: 819-239-2585 or 819-993-1545