What to Expect on Closing day

The home buying process is full of unexpected twists and turns, but if we work together I am going to do my best to make sure there are no surprises on closing day.

Although every situation is a little different, here is what you can expect:

  • First of all, prepare for delays. REALTOR Magazine says 32% of all transactions encounter some type of delay before closing, like inspection issues or financing problems.
  • The day before or day of closing, expect to do a final walkthrough of the property to ensure that the home you’re buying is in the same condition as it was when you agreed to buy it and that any additional repairs stipulated in the purchase agreement have been made.
  • On closing day, bring a copy of your driver’s license, a bank draft or certified check for any outstanding closing costs and fees, and a pen for signing!
  • During COVID-19, your closing may take place completely virtually.
  • The property title will be signed over from the seller to the buyer, transferring ownership. Isn’t that easy? The lawyer completes so much in advance!
  • You are now officially a homeowner. Cue the excitement-panic, a champagne toast, and a lot of packing tape. 

 

About the Author
Jen
Whether you’re renting a co-op or buying a mansion, my 26+ years of award-winning experience and my love for this city and it's neighbourhoods can help you make the right decisions.

I can help you to price property, find property, negotiate deals, qualify buyers, acquire financing, prepare your home for sale, market your home, find contractors, and more.