Buying a Property

Are you ready to make your dream of being a homeowner come true? Making your project a reality is our mission.

Our advice

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Finding the right real estate agent is being halfway there. The best way to find a good one is to ask for references from family and friends. In this section, find out which qualities to look for in a good agent who will help you find your perfect home.

In order to provide you with an exceptional service, a good real estate agent must have several essential qualities such as:

  • Establishing a trustworthy relationship with you.
  • Demonstrating integrity, loyalty and respect.
  • Respecting the privacy of negotiations.
  • Being honest and listening to your needs.
  • Helping you establish your needs and your search criteria.
  • Sharing his/her knowledge and experience with you.
  • Having a flexible schedule to accommodate you.
  • Having good knowledge of the real estate market and being up to date with comparable sales, statistics and mortgage rates in order to support you.
  • Being transparent, fair and equitable in negotiations.

Finally, our services for purchasing a home are free of charge!

Buy with confidence!

Finding the right real estate agent is halfway there. The best way to find a good one is to ask for references from family and friends. In this section, find out which qualities to look for in a good agent who will help you find your perfect home.

To provide you with exceptional service, a good real estate agent must have several essential qualities such as:

  • Establishing a trustworthy relationship with you.
  • Demonstrating integrity, loyalty, and respect.
  • Respecting the privacy of negotiations.
  • Being honest and listening to your needs.
  • Helping you establish your needs and your search criteria.
  • Sharing his/her knowledge and experience with you.
  • Having a flexible schedule to accommodate you.
  • Having good knowledge of the real estate market and being up to date with comparable sales, statistics, and mortgage rates in order to support you.
  • Being transparent, fair, and equitable in negotiations.

Finally, our services for purchasing a home are free of charge!

Main house styles

How to browse through the different house styles? Bungalow, semi-detached, two-level, two stories, and more! Start here to determine which type of home is right for you.

Bungalow:

Single-family one-story house where all rooms are located on the same floor. Where the basement is finished, other rooms can be added.

Multi-level:

Homes that have living spaces with multiple floors connected with short flights of stairs.

Split entry:

Bungalow whose entrance is located between the ground floor and the basement; the different floors are connected by short flights of stairs.

Split-level:

House characterized by the separation of day and night spaces. For example, the ground floor can accommodate common living spaces (entrance, living room, kitchen, etc.) while the half-floor can be reserved for bedrooms, the bathroom, or the office.

1 ½ story:

House is characterized by a steeply pitched roof where the second floor is located, the living area of which is much smaller than the ground floor. The ceiling on the second floor slants down towards a short wall.

2 story:

House with two floors above ground level, characterized by the bedrooms located on the upper floor and common living space on the main floor.

2 ½ story:

Two-story house in which the attic is used. This style of property is mostly found in old houses in which the attic was used to lodge domestics or for storage.

Semi-detached:

House that shares a common wall with the neighboring home. Each side of the building is a separate dwelling, and neighbors do not share ownership or responsibilities for the entire building.

Duplex :

Property comprising two units side by side or superimposed. There is only one title deed (one owner and one tenant).

Mobile home:

Rectangular-shaped dwelling built using a sheet metal chassis on a steel frame. It can be installed on blocks or a foundation. Previously, it was given the name “trailer.”

Mini-home:

Small modular one-unit house. It has the advantage of having all rooms on the same floor.

Condominium:

Differs from apartments in that each unit is individually owned, but common areas are shared by all co-owners (hallways, structure, parking, landscape). Living in a condominium requires less maintenance. However, owning a condominium means that you must follow the rules established by the condominium board of directors to ensure the comfort, safety, and cleanliness of the premises.

What you should know before buying

When you have a fondness for a property, its good sides tend to make you forget all the rest. Remember, buying a property is the biggest investment in a lifetime! You would surely not want to regret your choice. Here are the main points to consider before buying.

  • Pay attention to the general condition of the house. Is it clean? Do the walls need to be repainted? Is the lawn maintained? If minor details have been neglected, it is very likely that more important ones have been as well.
  • Check things out. Try out the lights, faucets, toilets, air conditioning, and major appliances to see if they are working well.
  • Check for leaks. Observe ceilings and walls for any signs of leaks or bulges. Moisture entering through cracks in the roof or foundation can make the wood rot and generate mold.
  • Pay attention to floors that feel soft, elastic, rough, or creaky. They could be signs of major and expensive repairs.
  • Check the doors and windows. Make sure they close well and are easy to open. See if there are any drafts. Watch for peeling paint or bad caulking; if the wood is not protected from mold, it will rot.
  • Check the building structure. If you see deep cracks, crumbling cement, or loose bricks, the structure may need major repairs. Damp areas at the base of the foundation are also warning signs.
  • Make sure there is sufficient storage space for your needs.

Use these tips during your visit. For true peace of mind, we strongly recommend that you have the home inspected by a certified home inspector before purchasing it.

Purchase offer steps

Making a purchase offer can be both exciting and stressful. This is why your real estate agent is there to guide and support you through this process.

The purchase offer

The first step is to make a purchase offer for the desired property and determine the price to offer as well as the conditions to be included in the buy-sell agreement.

The response to the offer

The purchase offer will be presented to the seller as soon as possible. Three options are available to him/her: he/she can accept the offer, refuse it or make a counteroffer. The counteroffer may relate to the price, the date of possession, or other elements. The buyer will then have the choice of accepting or rejecting the counteroffer. He/she can also make a new offer. An agreement will be made once the two parties have agreed; it is then said that there is an accepted purchase offer.

Conditions

A condition represents requirements that must be met for the contract to become fully enforceable. Most of the conditions are already included in the buy-sell agreement, such as a deposit, financing, inspection, insurance, declaration of land ownership, water analysis, etc.

The Inspection

It is strongly recommended that a buyer have the property inspected by a professional to avoid unpleasant surprises relating to its condition. No real estate is perfect and buyers should understand that the price reflects its condition. Unless an inspection report reveals a serious unknown or unexpected problem, this should not be a reason to renegotiate the price.

Inclusions and exclusions

They can relate to household appliances, certain accessories, or decorative objects. Generally, affixed items (which are attached to the property) follow the sale unless they are excluded in the contract.

The deposit

A deposit is a pledge of good faith. It tells the owner seller that the buyer is serious and intends to complete the transaction. The deposit is deducted from the purchase price at the end of the transaction and is usually kept in the real estate agency’s trust account upon listing.

The closing date

This is the date of the official transfer of the ownership to the buyer and the receipt of funds by the seller. Once the mortgage loan and transfer deeds are officially registered, the buyer becomes the owner and then receives the keys to his/her new property.

Mortgage loan eligibility

Have you thought of everything? Figure out the price you can afford and be prepared to factor in all the possible expenses associated with buying a home. It’s not just the down payment! It’s the best way to keep your home-buying experience pleasant and stress-free.

Determine the price you can pay

Buying a home involves costs in addition to the monthly payments. You must consider all possible expenses to establish your budget. A significant expense is undoubtedly the down payment which represents at least 5% of the selling price of the property. You also need to calculate inspection fees, municipal taxes, the cost of electricity, legal fees for transferring ownership, etc. Go to: the Projected Costs related to the purchase of a home document to help you in this step.

Pre-approved mortgage Loan

We strongly recommend that you meet with your financial institution to obtain a pre-approved mortgage before you start looking for a home. This will show the seller that you are serious. Besides, you’ll avoid the disappointment of not being able to afford the dream home that you have finally found. Once you’ve found the perfect home, you will therefore be able to make an immediate offer.

Mortgage approval

Once you have found your home, you will need to get approval for financing. Here is a list of documents your financial institution will need:

  • A copy of your buy-sell agreement;
  • The description of the property;
  • The list of your assets (ex.: car, ATV, RRSP, investments, etc.);
  • A list of your liabilities with the number of payments and their balance (e.g.: car loan, furniture loan, credit card or line of credit, etc.);
  • A copy of your last income tax report;
  • A copy of your check stub and any other income (e.g.: family allowances).

If you are considering renovating the property, you will need to provide a cost estimate to determine the necessary loan amount.

If your loan is pre-approved, a few formalities will need to be finalized with your financial advisor.

Credit ratings

Checking your creditworthiness is part of the normal mortgage eligibility process. If your credit history is bad, financing your home could be difficult.

Your personal credit history is compiled by credit reporting agencies which compile a report by collecting information from banks, merchants, and other public records. The report generally takes into account the last six to seven years. It shows your debit and credit cards, bank accounts, personal loans, and mortgages. It also includes the names of creditors, account numbers, current balances, and a detailed history of payments. The report also includes public information, such as your marital status, the existence of rights of retention, judgments against you, bankruptcies, etc.

The lender uses the credit report to determine whether it is possible to lend you money. If something worries the lender in the report, the lender will ask for further explanation.

If you think you have any credit problems, let the lender know before making an application. There’s no point in wanting to hide something that will show up in your credit history.

Examine your creditworthiness report

Since this report contains information about you, you have the right to obtain a copy. Equifax is one of the largest credit report providers in Canada. To obtain a copy of your report, you can call 1-800-465-7166. If you disagree with the information on your credit history, you have the right to dispute it and request that it be corrected.

Projected costs related to the purchase of a house

You can use our budget tool to help you estimate costs. Forewarned is forearmed, thereafter you can direct your research to the right property for you.

There are a few important costs to consider when buying a home. Here is a summary: 

  
1) Inspection fees_________$
2) Home and liability insurance premium_________$
3) Lawyer fees (registration, adjustments, transfer tax, etc.)_________$
4) The costs of opening an energy account_________$
5) Telephone, television and other services installation cost_________$
6) Moving costs_________$
7) Other costs (e.g.: mail forwarding)_________$
TOTAL :_________$

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1570 Principale Street

St-Basile, N.B. E7C 1N1

MLS
This four bedroom property is located less than two minutes from downtown Edmundston. With its particular style, it will surely charm you. It was maintained with great care. It offers you a large patio as well as a large backyard. There is also a detached garage with electric door opener.
$125,000 $149,900

20 Olympique Street

St-Jacques, N.B. E7B 1M6

Eclusive
You want to live near services and the bike path, this property is for you! Recent renovation made up to date that you will surely appreciate. Private and fenced backyard with access through a large garage door. You will be able to relax on the closed patio with mosquito net. The basement offers great potential.
$199,000 $205,000

438 Titus Road

St-Joseph, N.B. E7B2S8

Eclusive
Luxury, tranquillity, comfort, space and nature? This high-end property is all that and more! Located in a wooded area on the outskirts of Edmundston, this residence will seduce you at first sight with its nearly two acres of landscaped land and its waterfront facade overlooking the Iroquois River.
$825,000

960 Power Road

St-Joseph, N.B. E7B 2M4

MLS
Country living a few minutes from the city!  This beautiful property is in turn key condition. You will appreciate the comfort provide by the two heat pump and the new furnace.  Major interior / exterior renovations. Excellent quality/price ratio.
$199,000 $225,000

16 Le Montagnard

Edmundston, (N.-B.) E3V 0B2

Eclusive
ONE OF A KIND! This magnificent log-style property offers you a breathtaking view of part of the city of Edmundston and its surrounding mountains. Inside, you will be charmed by its more than warm decor, with the use of noble materials such as wood and stone, and its open style with cathedral ceilings and a mezzanine, giving a view of the living room.
$324,900

5 Des Gouverneurs Street Apt. E

Edmundston, (N.-B.) E3V 4H5

Eclusive
55+ only!  Beautiful two-bedroom apartment located on the second floor. Includes heat pump, balcony, and private parking. Heat and lights not included. Lease and security deposit required as well as proof of tenant insurance. Smoking and animals are not permitted. $850/month. Call Hermance for more information at 737-3201.
$850 Per Month

103, 49th Avenue

Edmundston, N.B. E3V 3E7

Eclusive
First time on the market and only one owner! This impeccable bungalow is just waiting to be visited by you! On the main floor, there is a large kitchen with maple cabinets, a living room, three bedrooms and a full bathroom. What to say about the fully finished basement with a large family room, a large office, a laundry room and a powder room.
$229,000

118 Davis Road

Rivière-Verte, N.B. E7C 2R1

MLS
First time on the market! This two-storey single-family home has been maintained with great care. You will find on the ground floor a kitchen, dining room, living room, master bedroom and a bathroom with laundry. On the upper floor, there are two bedrooms and a full bathroom. On a lot of more than 24,000 sq. ft., this property offers two garages, a shed and lots of green space.
$115,000 $128,500

58 St-Georges Avenue

Edmundston, N.B. E3V 2W2

Eclusive
This large two and half storey house is located close to all amenities. Offer a double garage.  The main apartment is situated on the first two levels and consists of a spacious living room, a kitchen, dining room and a laundry room with a half bath.  The second level has a large master bedroom with direct access to a magnificient bathroom.  Also has two additionals bedrooms.
$369,900

Roy Street - No 1

St-Basile, N.B.

Eclusive
Major reduction! Residential land with services available. No tax on the sale price. Possibility of subdividing the land.
$12,000

Vacant Lot - 2nd Avenue

Clair, (N.-B.) E7A 2A9

MLS
Beautiful lot already leveled and ready to build on a quiet street. This lot also offers you the chance to connect to the municipal water and sewer service. You will be located less than 100 meters from the elementary school and close to all the services offered in the village.
$19,900

46 Des Érables Avenue

Clair, N.B. E7A 2B7

MLS
Beautiful lot located on a street corner in the heart of the village of Clair. You will be located less than 100 meters from the elementary school and close to all the services offered in the village. This lot also offers you the chance to connect to the municipal water and sewer service.
$19,900
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