Close the Deal
Your negotiations were successful and you have a legally binding agreement. But, is the house truly sold? Not quite yet. It’s time for the vital final steps known as “closing.” Your REALTOR® and lawyer will do most of the work Thank goodness. Closing a deal involves many, many complicated and time-consuming legal maneuvers. Which is why you’ve hired pros.
Your Closing Checklist
You still have plenty to do yourself and here’s a comprehensive list:
On closing day, your lawyer will receive and distribute the proceeds from the sale, pay off your mortgage and other costs and give you a cheque for the net proceeds.
You should be pleased that all your hard work paid off. We hope these steps helped make it easier. You’ve probably already used the proceeds from your sale to purchase your next property. A very wise move indeed, because as you know, home ownership is one of the best long-term investments you’ll ever make.
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