Condo for sale
2117 Rue Tupper, app. 1009, Montréal (Ville-Marie), H3H0B2
Residential and Commercial Real Estate Broker H0529
- 1280, av. Bernard #100, Outremont (QC)
- (514) 518-5755
- (514) 272-1010
La Catherine. Spacious one bedroom condo + den on the 10th floor. Perfect location, near all the services and public transportation. Common space include an interior courtyard, swimming pool and gym. Ideal for young professionals and students .
When should I instruct my solicitor?
Ideally, you should let the estate agent have your solicitor’s details at the point that your sale or purchase is agreed. This means that the paperwork can be issued/reviewed as soon as possible. Don’t worry if you haven’t thought this far ahead though, you can instruct us after the offer has been accepted.
When should I apply for a mortgage?
If you know that you require mortgage finance, many Estate Agents will require you to have a mortgage in principle which shows how much money a lender will be prepared to lend you. It is only once an offer has been agreed that you can inform the lender of the purchase price and apply for a mortgage offer.
I’m buying a new build property and the builder has insisted I exchange within 28 days. Is this possible?
In principle yes. This is a tight time frame but if the builder provides a full pack of papers on day one and the searches which have to be carried out arrive back in time, this is a workable timescale. Most builders allow a degree of flexibility if the transaction is well progressed and there are perhaps just a few outstanding matters to be dealt with.
What is the difference between exchange and completion?
A property sale or purchase does not become legally binding until both parties have signed a contract and their solicitors have exchanged (swapped and dated) contracts over the phone. Either party can walk away from the transaction up until this point.
What is gazumping?
A property sale/purchase does not become legally binding until contracts are formally exchanged.