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
Magnificent lot of almost one (1) acre on Lac Michel in Sainte-Thérèse de la Gatineau (lot 5 on the map). Quiet lake with crystal clear water on a sandy and pebble bottom. The land is partially wooded with a mature forest of majestic white pines. Its direct south orientation reveals an incomparable luminosity and a breathtaking view. Its topography is defined by an easily accessible plateau for the construction of the chalet of your dreams. A 6m wide road will provide year-round access to the property. Close to public boat launch of lake 31 miles. Lot is currently in the process of being registered with the Quebec cadastre. Connection procedures for Hydro-Québec and optical fiber are supported by the seller. Offered in pre-sale for possession summer 2022. GST and QST will have to be added to the sale price.
Other lots available, please visit our website for more details.