TOP THINGS TO KEEP IN MIND WHEN CLOSING ON A PROPERTY
TOP THINGS TO KEEP IN MIND WHEN CLOSING ON A PROPERTY
The day of your real estate closing can be a stressful time. Most busy real estate law offices are unable to provide people an idea of what happens on the day of closing. Below are some things to keep in mind for a normal residential real estate purchase or sale.
STAY CLOSE BY THE LAW OFFICE
On the day of closing its good to be close by if need be. Sometimes on the day of closing a banking issue may arise or signing subsequent documents. Don’t travel abroad unless you have given your lawyer authority by way of a power of attorney.
CONTACT YOUR LENDER
Ensure on the day of closing you contact your lender. They know about your closing but its good to remind them that funds are needed as soon as possible.
WHERE WILL YOU PICK UP THE KEYS TO YOUR NEW HOUSE?
Ensure arrangements have been made with your lawyer as to where you plan on picking up keys to your new home. In the alternative, if you are selling ensure you have dropped off the keys.
If you are picking up keys do you prefer to pick up at your lawyers office or the other parties? Particularly, if your new home is located in a different city.
MOVING
Whether you’re moving to a new property or selling your current property. Ensure you have made the necessary arrangements to take all your belongings. As of 6PM on the day of closing you lose possession of your current property or gain possession of the new property.
Moving can be a very stressful time. With proper planning and co-ordination you will be able to manage the move effectively.
REAL ESTATE LAWYER NEAR ME
I am a real estate lawyer in Burlington, Oakville, Milton and Hamilton.
My address is 901 Guelph Line, Burlington.
You can also call or text at 416-505-4901
anytime for a free consultation