Approximately ten days before completion day your lawyer will ask you to come to his office to review the transaction and complete the transfer documents. You should also begin to make arrangements for your upcoming move if you have not done so. Please see the seller guides in Step 9.
Your lawyer will prepare a statement of adjustments for items such as real estate fees, real estate taxes, amortized local improvement levies, utilities, rents, security deposits, monthly condominium contributions to ensure that you receive compensation for prepaid expenses.
On or before closing day, your lawyer will receive the money from the sale of your property in trust. Then your lawyer will pay out all mortgages, condominium contributions, registrations and other financial obligations that are the Seller’s obligation to pay or discharge. After these are paid, you will receive the net proceeds from the sale.
We save you time and money by making sure that all of the necessary documentation is sent to your lawyer. We also make sure that all parties have done what they need to do so that the sale can proceed at the date and time planned.