Purchasing
Your Property

A step-by-step guide to help you navigate your real estate purchase with confidence and clarity.

The Purchase
Process

1

Real Estate Broker

Find a trusted broker and sign a brokerage contract.

2

Needs Analysis

Define your ideal property: location, type, budget, features.

3

Mortgage Pre-Approval

Get pre-approved to know your real budget.

4

Property Visits

Visit properties and evaluate them against your needs.

5

Seller's Declaration

Carefully review the seller's property disclosure.

6

Comparative Market Analysis

Your broker analyzes comparable sales to assess fair value.

7

Promise to Purchase

Draft a purchase offer with the appropriate conditions.

8

Negotiation

Your broker negotiates on your behalf for the best terms.

9

Meeting Conditions

Financing, inspection, and other conditions must be met.

10

Final Approval

The bank confirms your financing for the specific property.

11

Inspection

An inspector evaluates the property condition before closing.

12

Notary

Official signing of the deed of sale at the notary.

13

Key Handover

You receive the keys to your new property.

14

Home!

Congratulations! You are now a homeowner.

The Benefits of Working
with a Broker

  • ·Benefit from in-depth knowledge of the local real estate market
  • ·Receive personalized advice tailored to your unique needs
  • ·Access to a professional network and exclusive resources
  • ·Benefit from his negotiation expertise
  • ·Save time and energy through efficient search management
  • ·Obtain comprehensive assistance from start to closing
  • ·Reduce risks with his legal expertise
  • ·Benefit from professional representation at every step
  • ·Obtain emotional support throughout the process
  • ·Receive advice to help you make the best decisions
  • ·Save money in the long run through informed decision-making
  • ·Receive post-purchase follow-up and valuable advice

Mortgage
Pre-Approval

Know Your Budget

Pre-approval tells you exactly how much you can spend, saving you time by not visiting properties out of your reach.

Strengthen Your Offer

Sellers take pre-approved buyers more seriously. Your offer is more credible and competitive in a competitive market.

Speed Up the Buying Process

With a pre-approval in hand, you can act quickly when you find the ideal property, without waiting for financing to be approved.

Analyze
Your Needs

1

Type of property

Single-family home, condo, semi-detached, triplex, land...

2

Preferred location

Neighbourhood, proximity to schools, work, transport...

3

Budget

Mortgage pre-approval amount and preferred monthly payment.

4

Bedrooms and bathrooms

Minimum vs. ideal number.

5

Garage and parking

Single, double, covered, outdoor space.

6

Must-have features

Basement, large yard, modern kitchen, home office...

7

Features to avoid

Busy street, older home, no yard...

8

Move-in date

Target date or flexibility range.

9

Nearby services

Daycare, hospital, grocery, parks...

10

Other requirements

Accessibility needs, pet-friendly, investment potential...

Visits —
A Few Valuable Tips

1

Take notes and photos of each property to make comparison easier

2

Visit each property multiple times, at different times of day

3

Focus on immutable aspects: location, structure, and size

4

Pay attention to the condition of key systems: roof, plumbing, electrical

5

Be alert to odors or signs of moisture

6

Research the neighbourhood and nearby amenities

7

Evaluate natural light and room layout

8

Assess the property's potential for future renovations or extensions

9

Inquire about monthly costs: taxes, condo fees, etc.

10

Trust your instincts while relying on facts and data

Seller’s Declaration
Form Analysis

The sale of a property involves several steps and obligations. For the seller, one of these steps is to complete the "Declaration of the Seller of the Immovable" with the help of an accredited professional. This mandatory form, created by the OACIQ, aims to protect the parties involved.

It provides the buyer with information about the condition of the property and allows the seller to protect themselves against potential disputes.

Comparative Market
Analysis

I will guide you throughout the purchase process, including analyzing the property’s market value to ensure good value for your investment. My evaluation considers factors such as recent sales and listings in the area and the emotional significance of your purchase.

We will discuss all aspects of the purchase, not just financial, to ensure perfect harmony and a successful transaction.

Promise to
Purchase Process

The Promise to purchase is the legal document that formalizes your intention to buy a particular property. It will state the price offered, as well as any conditions relating to the purchase, such as the time required to obtain financing and carry out the property inspection, and any work you wish to include or exclude from the purchase. This is a crucial step, as it will have a significant impact on your purchase.

Accepted

The seller accepts your offer as-is. The sale can proceed according to the agreed conditions.

Counter-Offer

The seller makes a counter-proposal. You can accept, decline, or propose a new offer.

Refused

The seller declines the offer. You can choose another property or revisit your offer strategy.

Final Approval
Process

Once the Promise to purchase has been accepted, we will begin a rigorous follow-up process with strict deadlines. Our collaboration will be key as I will follow up closely with your financial institution, the inspector and all those involved in the transaction, guiding you precisely every step of the way. Deadlines will have to be met, and reports provided to the seller. This requires impeccable teamwork.

Inspection

An inspection is a professional, detailed evaluation of the general condition of a property carried out by a qualified, independent inspector. Its purpose is to provide the potential buyer with objective information about the property’s condition prior to purchase.

What Inspection Covers

The inspector evaluates the structure, foundation, roof, plumbing, electrical, ventilation, heating and cooling systems, and much more.

Inspection Report

After the visit, you will receive a detailed report on the property's condition, with issues found and recommendations for necessary repairs.

Post-Inspection Decision

Based on results, you can renegotiate the price, request repairs, or, in some cases, withdraw from the transaction if issues are too significant.

Notary

As a real estate broker, I can help you choose a competent notary with recommendations of reliable and experienced professionals. I can also give you information on notaries' fees, services and experience in real estate purchases. Additionally, I can attend your visit to the notary’s office to ensure that everything runs smoothly when the deed of sale is signed.

The notary is responsible for ensuring that all legal aspects of a property purchase are respected — checking ownership documents, preparing legal documents, ensuring terms and conditions are understood by all parties, registering documents and protecting the buyer against fraud.

Calculation of
Indirect Fees

When planning your downpayment, be sure to take into account any indirect costs and expenses you will have to pay, such as:

1Home inspection
2Notary fees
3Land transfer tax (Welcome Tax)
4Mortgage default insurance (CMHC)
5Moving expenses
6Property taxes (pro-rated)
7Adjustment of rental incomes
8Mortgage life insurance
9Home insurance
10Renovations / repairs
11Condo / co-op fees

Let's Find
Your Home

Schedule a private consultation and receive expert guidance tailored to your buying goals.

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