Determine your specific needs
The motives and characteristics related to buying a property vary from person to person. Therefore, it is very important to discuss your specific needs with me before visiting a property. Before meeting with me, make a list of important characteristics and identify your specific needs such as location, price, type of property, number of rooms, environment, important public services, etc. Check with your financial institution (for information purposes only) to see how much mortgage you can afford. When the time comes to look at the best mortgage opportunity, I will truly be there for you with my multiple very high quality contacts.
Communicate with me
Once you have done your needs analysis, contact me. If you are moving to a location far away from the large area I work in, I can refer you to a professional broker in your desired area.
Helpful reminder when viewing properties
When you visit properties, here is a checklist to help you choose one property over another. (Complete this form each time you visit)
Expenses to expect at closing
- Notary fees
- Distribution (refunds) of taxes: The calculation of the reimbursement to the seller (if any) will be made from the date of occupancy and you will be required to reimburse the seller for the number of days already paid by him, for the following property taxes:
- Municipal taxes
- School taxes
- Oil tank а heating system: If the property is equipped with an oil heating system, the seller must have the tank filled on the same day as the deed of sale and bring the bill to the notary, which the buyer will have to reimburse him in full.
- Electricity (Hydro-Quebec) and gas (Gaz Métropolitain) meters The buyer and seller must notify Hydro-Quebec and Gaz Métropolitain (if applicable) of the date of the change of ownership so that the meters can be read on that date, and so that the amounts can be charged to the buyer and seller respectively on the date of occupation of the property.
- Home insurance: It should be remembered that at the signing of the deed, you will be required to provide proof that home insurance is in effect, in an amount equal to or greater than the mortgage in place.
Expenses to be expected after signing the deed of sale
- The real estate transfer tax or “Welcome Tax”
- The municipality in which you have moved will send you a transfer tax bill, within four (4) to six (6) months of signing the deed, and this is calculated based on the sale price and according to the following schedule:
- 0.50% of the first $50,000
- 1.00% of $50,000 а $250,000
- 1.50% of more than $250,000
- Moving expenses, painting, decorating, etc.
