What are the first steps when buying a property in Montreal?

Advice and Financing:

Purchasing a property is a very serious matter, and for the majority of buyers it’s also one of the largest investments of their lives.

It’s important to properly analyze your needs and make sure you evaluate your financial capacity before choosing a property.

Besides the purchase price, are there any other costs to foresee when buying a property?

  • Building inspection fees
  • Land surveying fees
  • Legal fees and related expenses (Notary / Lawyer)
  • Insurance premiums (high risk insured mortgages)
  • Interest rate adjustment
  • Adjustment of property taxes and prepaid utilities
  • Home insurance
  • Life insurance for mortgage loan
  • Sales tax (if applicable)
  • Transfer fees (if applicable)

What services should a real estate broker provide me with during my purchasing process?

  • Searches for properties that match your criteria
  • Offers support for mortgage financing
  • Negotiation and drafting of the promise to purchase
  • Assistance at the notary if necessary

What should be verified during a home inspection?

  • Foundation
  • Doors and windows
  • Roof and exterior walls
  • Attic
  • Plumbing and electricity (visible parts)
  • Heating and air conditioning
  • Ceilings, floors and walls
  • Insulation (visible parts)
  • Ventilation
  • Septic tank, well, sewer lines (if inspector is qualified)
  • Other buildings (i.e. detached garage)
  • Land, especially around building’s drain, sloping and natural vegetation
  • Overall integrity of building structures
  • Common/shared areas (in the case of a condominium or cooperative

SHOULD I BUY OR SELL FIRST?     Discuss the matter with your Broker, It all depends on your goal,objective and plan of action.

YOU WOULD LIKE MORE INFORMATION TO BUY OR SELL A PROPERTY                  514-967 1900                     bannybar@gmail.com