SALE

Most people find selling a home much less stressful then the purchase of the home. Nonetheless, it is a still a race to complete all the tasks required prior to the closing date. To help simplify the process, one of the first correspondences you will receive from us is an introductory letter. The information in our introductory letter is as follows:

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What do we need to know from you?
  1. Your mortgage holder, if any, including name, address, phone/fax numbers and loan reference number. Please advise us if you have a line of credit with any banking institution. In most cases, the line of credit is registered as a mortgage on title and will have to be discharged.

  2. Name(s), marital status and date of birth of each person on title.

  3. The residency, Canadian or otherwise of each person on title.

  4. Copy of your interim or final realty tax bill (for the present year), the amount you have paid to date for this year and how it was paid. Please note that if your taxes are being paid on a pre-authorized payment plan, it is your responsibility to cancel your plan effective as of the closing date. The cancellation must be made at least two weeks prior to closing to ensure your next month’s payment will not be taken out of your account. If your taxes are paid through your mortgage, please contact your financial institution to find out amount of taxes paid to closing date of sale.

  5. Copy of your water and waste management bills, the amount you have paid for this year and how it was paid.

  6. If property is a condominium, kindly inform us of the amount of monthly common expenses and confirm if they are paid to date. It is your responsibility to cancel your common expenses payment plan with the property management / Condominium Corporation.

  7. Your new address and contact information to be used after your sale closes.

Utilities

It is your responsibility to contact the various utility companies such as Enbridge Gas, Hydro etc. to ensure that they have accurate information regarding final billing and addresses. We will be notifying the tax and water department of the sale of your property on completion.

Signing legal documents

On attending at our office to sign closing documents (usually a day or two prior to closing), you will be required to provide at least one photo ID (driver’s license, passport, citizenship card) along with another piece of ID, which may be one of the above listed or a major credit card. (Health cards are not acceptable).

Keys

Please ensure you bring one set of house keys when you come in to sign the legal documents. We will deliver such to the purchasers’ solicitor on closing. Please make arrangements to transfer the remainder of the keys, remote controls, etc. to the purchaser (often this is done by leaving the keys/remote controls on the kitchen counter).

Closing Day

On the closing date, the sale of your home takes place sometime between 2 & 5pm. Funds cannot be released until registration takes place. We will notify you as soon as the deal has registered and closed, at which time funds will be available for pick-up.

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