Selling a home requires much of the same diligence and obligations as purchasing. Your home will surely be one of the biggest investments you make, so we want to ensure that upon leaving the property, there are no lingering disparities or issues that can arise and potentially disrupt the sale.
The following are the some of the steps that we take and some of the items we will ask you to help us with to ensure a smooth closing:
- Please provide us with your contact information so that we can respond to your inquiries on a timely basis
- Please provide us a copy of the Agreement of Purchase and Sale or ask your agent to send a copy to us.
- We will ask you for your forwarding address for the title/deed registration
- Please contact utilities and services providers to alert them of your move, but we request that you also call your hydro and gas provider to do a final meter reading and send you a final bill after closing
- If you have an oil or propane tank, please confirm with us if they should be filled before closing – please send us your final “fill-up” invoice so that we can adjust for that at closing and reimburse you
- We will want to meet with you two or three days prior to closing to sign your final closing documents – we can meet you earlier if your prefer to accommodate your schedule
- Please provide us with a copy of your most recent property tax bill
- Please provide us with the bank and loan number for each mortgage or line of credit registered against to the property
- You may wish to speak with your mortgage lender to be aware of any pre-payment charges
- Please relay any potential problems to us so we may act accordingly
Accordingly, we need to take steps on our end as well to assure that the sale of your property is executed on time and without issue.
What we do includes:
- Reviewing the Purchase of Sale Agreement and ensure all conditions are met
- Preparing closing documents
- Requesting a mortgage or line of credit payout statement from your lender(s)
- Calculating outstanding figures on any mortgage and arrange for these to be paid upon sales proceeds
- Obtaining the final signatures and closing the transaction with the buyer’s lawyer
- Informing relevant tax department and utilities (hydro and gas) of the change of ownership
- Paying the balance of the commission to your real estate brokerage
- Paying the balance of the sale to you