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Everything you need to know.

You can opt for searches with sites such as Lespacs, Kijiji, marketplace, etc., and handle things yourself with the sellers, but there are several reasons why it may be useful to hire a real estate broker from this stage:

• Access to exclusive properties: real estate brokers often have access to properties that are not yet on the market or not publicly advertised.
• Real estate market expertise: real estate brokers have in-depth knowledge of the local real estate market. They can help you assess a property's price and negotiate a fair price based on market trends.
• Save time: searching for a property can be a daunting task, especially if you have specific search criteria. Real estate brokers can save you time by conducting searches for you and organizing property viewings that match your criteria.
• Advice on inspections and repairs: through their experience, real estate brokers can help you assess the condition of a property and provide guidance on points to pay particular attention to, without replacing a building inspector.
• Help in the transaction process: real estate brokers can help you navigate the complex transaction process, including negotiating the terms of sale and organizing the property inspection. They can also help you understand the legal documents related to purchasing a property.

In short, a real estate broker can offer you valuable assistance in finding a property, which can save you time and help you make informed decisions throughout the purchasing process. Furthermore, if the property is already being sold by another real estate broker, there will be no fees for this support. If the property is a private sale, be sure to discuss the terms with the real estate broker regarding fees and other conditions attached to their services.

It is highly recommended. You will have to decide whether you require the services of a building inspector to obtain a professional opinion on the condition of the property. Even though it may cost you a few hundred dollars (around $500-750) and sometimes your budget is limited, it is inexpensive to avoid buying a property with issues that could lead to major, more costly repairs and many other inconveniences.

A : Initial Call

If no prequalification has yet been performed, we will discuss your overall financial situation: income, debts, assets, down payment, credit history, and project objectives.

This first step validates the financing feasibility and establishes a strategy tailored to your reality.

B : Electronic signatures

I will have you electronically sign a brokerage mandate as well as a needs analysis form to help me establish your risk tolerance, as well as security questions for CANAFE.

C : Preliminary analysis and recommended scenarios

Based on the analysis of your file, I present the most advantageous options among the available lenders.

Choosing a lender is not limited to the interest rate. You must also consider the loan conditions, potential fees, product flexibility, processing speed, and the specifics unique to your situation.

My role is to help you make an informed decision, based on what is truly best for you.

D : Collection of required documents

I provide you with a clear list of the documents needed to prepare your financing request.

The more complete the file from the start, the faster and more efficient the analysis can be. I also assist you if certain documents need to be specified, corrected, or completed.

E : Processing of the file

I corroborate the information previously collected. I ensure that the presentation of the file is clear, structured, and in accordance with the lender's requirements to maximize the chances of a favorable response.

F: Validation of the chosen scenario and submission of the loan application

Once your confirmation is obtained, I submit the loan application on your behalf to the selected lender.

G : Complete analysis by the financial institution

The lender then analyzes your request and reviews the documents provided.

If additional information is required, I assist you with the follow-ups to respond quickly and appropriately to the requirements. My role is to facilitate exchanges and keep the file moving.

H : Property evaluation, if necessary

This allows the financial institution to confirm that the property's value indeed reflects the current market, since the property is its main collateral.

In many cases, the financial institution's internal system may automatically approve the market value. In some other situations, if this value is not recognized or if information/comparables are missing, an approved appraiser will be mandated to produce an official report.

I : Obtaining loan commitment

When the application is approved, the lender issues a mortgage commitment.

I review this document with you to explain the main conditions: rate, term, amortization, payments, important clauses, remaining requirements, and next steps.

J : Signature at the notary

Once the offer is accepted and the conditions are met, the file is transmitted to the notary by the financial institution to finalize the transaction.

I remain present until the loan closes to ensure everything proceeds correctly and that the participants have the necessary information.