Buying a home or property can be a rewarding experience. There are many online and printed resources available for home buyers. The most comprehensive information online for buyers can be found at the Canadian Mortgage Housing Corporation's web site.

How to purchase a 'For Sale By Owner' home?


• Purchasing a home sold by the owner is normally very simple. Most offers are accepted verbally and then confirmed shortly afterwards by a written offer.
• As the buyer, it is your obligation to make the offer to the seller.
• You will require the help of a Notary or Lawyer to assist you with completing the purchase. Most Notaries and Lawyer's have 'For Sale By Owner' sale contracts available at their front desk. These forms are 'fill in the blanks' contracts for you and the seller to fill in.
• The seller may want a copy of the contract, however you should keep the original and give a copy to your Notary or Lawyer - whom will then contact the sellers professional to confirm necessary details.
• You may include certain subjects in the contract. Those may be subject to: Home Inspection, Financing, etc. Normal times for the subject removals are 10 days. If you are satisfied with removing the subjects then your Notary or Lawyer can write you a simple form to have you and the seller sign that agrees the subjects are to be removed and you are now ready to complete the offer.