Becoming a homeowner

Determine your specific needs

The reasons and characteristics for buying a property vary from person to person. It is therefore 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 really be there for you thanks to my multiple high quality contacts.

Contact me

Once you have done your needs analysis, contact me. If you are moving to a location far away from the large area in which I work, I can refer you to a professional broker in the desired area.

Expenses to expect at the signing of the deed of sale

• Notary fees
• The calculation of the reimbursement to the seller (if any) will be made from the date of occupancy and you will have to reimburse the seller for the number of days already paid by him, for the following property taxes:
  • Municipal Taxes
  • School Taxes
• Heating oil tank: If the property is equipped with an oil heating system, the seller must have the tank filled on the day of the deed of sale and bring the invoice to the notary's office, which the buyer must reimburse in full.
• Electricity (Hydro-Québec) and gas (Gaz Métropolitain) meters: The buyer and seller must notify Hydro-Québec and Gaz Métropolitain (if applicable) of the date of the change of ownership so that the meters can be read on that date and the amounts charged to the buyer and seller respectively on the date of occupancy of the property.
• Homeowner's insurance: It is important to remember that at the time of signing the deed of sale, you will be required to provide proof of homeowner's insurance for an amount equal to or greater than the mortgage in place.

Expenses to expect after the signing of the deed of sale

• The duties on real estate transfers or "Welcome Tax"
• The municipality in which you have moved will send you a transfer tax bill, within four (4) to six (6) months following the signing of the deed of sale, and it is calculated according to the sale price and the following scale:
  • 0.50% of the first $52,800
  • 1.00% from $52,800.01 to $264,000
  • 1.50% over $264,000
• Moving expenses, painting, decorating, etc.