Who’s involved in the home buying process?
Residential Real Estate Agency and Broker
A residential real estate broker will serve as the intermediary between you and the property’s owner. The cost for this service is paid for by the selling owner. Amir Latif works with the BLVD Real Estate Agency‘s team of highly qualified specialists.
If the seller does not have a valid location certificate, he is responsible at his own cost to supply you with one. A land surveyor will prepare this document. Land surveyors are the only people authorized by law to delineate public and private property in Quebec.
Mortgage broker or mortgage consultant
Mortgage brokers look for the best mortgage loans for their customers. They can find you a loan with conditions that best
meet your needs. You may prefer to work with a mortgage consultant at your bank. Either way, getting ‘pre-approved” is an important step in the home buying process. For more information, please refer to the Budget and mortgage pre-approval page.
Appraisers provide an objective estimate of a property’s value. Their appraisals are used for insurance, mortgage, estate settlement and asset sharing purposes. Part of the process for obtaining “final” mortgage approval on the home you want to purchase may require a visit by an appraiser. He or she is appointed by your lending institution.
A notary’s services are essential in any real estate transaction. Notaries are the only individuals legally entitled to draft a mortgage deed. They will also write up the Deed Of Sale and perform a title search to ensure that the purchased property is free of all obligations.
It is strongly suggested to arrange for an expert to examine a home before buying it. Amir Latif has a list of recommended inspectors, all of which comply with professional standards. For more details please refer to the home inspection page.