Seller's Guide

Essential information to know about selling a property.

What You Should Know About Selling Your Home

The Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ) has developed this guide to support you throughout the process of selling a property.

It outlines the key steps to follow before and during the sale of your real estate, as well as valuable advice to successfully complete your transaction smoothly.

While this guide serves as a handy reminder, it cannot replace the recommendations of a broker or an agency specialized in real estate or mortgage financing. Its scope is limited to the sale of residential properties. While certain concepts related to properties held in divided co-ownership or undivided co-ownership are addressed, this guide is not exhaustive.

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Selling Your Property, Step by Step

Selling a property is a significant endeavor, and it's wise to want to be well-informed.

Before: Making Sure You Are Well Prepared

Selling a property is a complex undertaking. It is therefore important to be well informed and supported. By choosing to do business with a real estate broker, you are protected under the Real Estate Brokerage Act. To make sure you are well prepared, we recommend that you first learn about a broker’s role, and more specifically his duties and obligations when it comes to the sale of your property.

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During: The Steps To Selling Your Property

If a buyer is interested in your property following a visit, he may ask to see it again. Then, if the buyer is represented by a broker, he will draft a Promise to purchase with his broker, spelling out the conditions under which he is prepared to purchase your property. At that point you may either accept the promise to purchase or make a counter-proposal.

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After: Following the Promise to Purchase

Once the Promise to Purchase or the Counter-proposal is accepted and all conditions are met, it's time to formalize the transaction. This phase primarily involves two procedures with a notary: title examination, which includes verifying documents related to ownership title, dimensions, zoning, and other charges; and drafting the deed of sale. As per the Civil Code of Québec, a notary is essential for property transfer.

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Looking To Buy? Discover The Buyer's Guide.

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