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
The Victor represents an exceptional project. Carefully designed and thoughtful, this mixed-use project offers contemporary architecture in an enchanting area.
The ground floor hosts 12 commercial spaces, while the upper floors house 32 residential condos and 4 sumptuous penthouses.
Commercial space starting from $ 285,000 plus taxes
Close to major roads with a breathtaking view of Mont Saint-Hilaire.
Features and inclusions:
- Abundant windows
- Hydronic heating and air conditioning using a central unit with forced air
- Pre-wiring for telephony, cable, internet and intercom system
- Parking space available from $ 12,500 plus taxes
- Private garage available from $ 30,000 plus taxes
- Parking space and private garage from $ 40,000 plus taxes
Contact us and visit our website for more information!
Habitations Raymond Guay Inc., in business for over 20 years.