All real estate properties in Canada are registered in a unified database. Our task is not to miss new options that come up for sale.
For the convenience of property searching, we have a unique capability to set up automatic email notifications. In this way, all new offers for sale of houses or apartments will be sent to both the realtor and the buyer simultaneously. The filter settings include:
Once we receive a new email notification, we have the opportunity to analyze it to determine its relevance and if it meets our criteria. If it aligns with our requirements, I arrange a viewing of the property. For the convenience of clients, there are no restrictions on the number of property viewings.
Once the property is chosen, and the buyer wants to purchase it, we move on to the next stage – the official offer on paper. In the document, we specify the desired date for the notary transaction and the price for which we would like to acquire the property. All negotiations for the sale/purchase transaction between the two parties are conducted only through official documents and never verbally.
After both sides discuss the details, agree on the price, determine the date when the apartment or house will be vacated, and set the closing date, the buyer applies for a mortgage loan from the bank. The processing time for the application for funds is typically around 15 days.
During this period, the seller is not allowed to sell their property to another person (the agreement between the buyer and the seller is documented). If the buyer obtains the mortgage within the specified period and provides the seller with a confirming document from the bank, the property is officially considered sold. After this, neither the buyer nor the seller can back out of the deal.
If, for certain reasons, the buyer cannot obtain the mortgage from the bank within the specified timeframe, the seller has the right to terminate the agreement and seek a new buyer for their property.
In the process of buying/selling apartments and houses, there are always nuances, so it is crucial to know how to avoid mistakes. During our collaboration, I will explain how to minimize risks and not lose the property.
Additionally, one of the conditions for purchasing real estate in Canada is an inspection.
