THE CLOSING

The Closing

The Closing: Before you get the keys to your new home and move in there are just a few more important items that need your attention.

Property Insurance: In order to have the bank transfer your mortgage funds for your property you need to prove you have obtained property insurance for your new home. Often times you can save money by bundling your home insurance with other insurance services. If you have a relationship with an insurance provider, you can contact them to complete this process or I can provide you with a contact.

Lawyer Meeting to Sign Purchase Documents: To complete your purchase you have to meet with a Real Estate Lawyer and sign all of the transfer and registration documents that will legally make you the owner of your new home. This meeting will occur within the 2 weeks prior to your closing date and could be as late as a day or two before you take possession. The cost for the lawyer often depends on the price but you should budget between $1200-$1500. Check out my Preferred Service Providers for a link to my lawyers of choice.

Pre-Possession Walk-Through: The day before your possession date we will do a pre-possession walk-through. We conduct this walk-through to ensure the home is in the same state of repair as it was when we originally made the agreement, that all items included in the contract are present and to make sure any other agreed to terms have been completed.

Move-In Day: Finally, the day you have been waiting for, its move-in day! Once all of the funds have been transferred the property is officially yours. This typically happens between 11am and Noon on your closing date. We will co-ordinate plans to meet at the property at which time I will administer you the KEYS TO YOUR NEW HOME!

I hope this detailed buyers guide has been informative for you. Should you have any questions about any of the content or about the process please don’t hesitate to contact me to discuss.

CENTURY 21 Leading Edge Realty Inc. Brokerage

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408 Dundas St W, Whitby, ON L1N2M7

(905) 666-0000

leadingedgerealty3398@century21.ca

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