Buying

Thinking of buying a multi-housing?

Investing in real estate and buying an income property is not an easy task, as the choice between one property and another can make a whole world of difference. This is when we come into play.

Buying with RE/MAX du Cartier A.S. is putting all the odds on your side, because we never recommend buying a property, large or small, unless it passes our strict due diligence and meets our profitability metrics.

Please consult our brochure
Professional Services
REMAX DU CARTIER A.S.

Here is how we go

about buying a building:

1 Due diligence

Right off the bat, we examine the building that interests our client from every angle… financial metrics, overall condition, neighborhood, and demographics. We conduct an in-depth analysis to confirm if the building in question makes sense and is worth its money.

2 Building inspection

The inspection closely examines the roof structure, exterior envelope, foundation, plumbing, electricity, heating, ventilation and air conditioning systems, fire alarm and interior finishing. Such detailed building inspections undoubtedly confirm if the building we are about to recommend is worth it, or not.

3 Mortage financing

If mortgage assumption is not required, we then present a lending proposal to different institutions we work with to compare interest rates, terms, amortization periods and of course cap rates. We compare the different term sheets we receive and select the one that has the best overall terms and meets client’s criteria.

4 Financial analysis

Which financing should the client pick? To answer this especially important question, several scenarios are examined considering client’s game plan, be it to increase building’s NOI, cash-on-cash, pay down the mortgage the fastest way possible, etc. Of course, this is conducted with our client’s interests in mind.
This fine tuning is the final step prior to tendering a purchase offer.

5 Purchase offer

We draft the offer according to what was agreed to and proceed with the negotiation of the purchase price and terms and conditions.