If all of your conditions are satisfied within the allotted time frame, we are able to remove our subjects and make the offer a firm sale. At this time, a 5% deposit will be payable, by way of a certified cheque or bank draft.
5. SELECT A LAWYER OR NOTARY: You will be required to select a real estate lawyer or notary to transfer the Land Title of the property and register your mortgage, if applicable. You will need to set up an appointment with them 1-4 days prior to your Completion date. If you need a trusted recommendation, please ask.
6. PREPARE FOR THE MOVE: The time between subject removal and your possession date is the time for you to start packing, book moving services, and arrange for the connection and/or disconnection of hydro, gas, Inter- net and cable services.
7. COMPLETION DATE: This is the day that the money is transferred from the Buyer to the Seller and the Title of the property transfers to the Home Buyer. At the appointment with your lawyer you will be required to sign several documents and submit the balance of your down payment, Property Transfer Tax, and any other adjustments.
8. POSSESSION DAY:
Congratulations! THIS IS THE DAY YOU WERE WAITING FOR!
The keys will be released and you can take possession of your new home!