A 10 STEP GUIDE TO SELLING YOUR HOME - STEP #10

By
Real Estate Sales Representative with BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE

A 10 STEP GUIDE TO SELLING YOUR HOME

STEP #10 - CLOSE THE DEAL

Property Search, Gloria Valvasori
 
 

10-Step Guide to Selling Your Home

 

Step 10: 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. That’s why you’ve hired pros.

 

YOUR CLOSING CHECKLIST

  1. You still have plenty to do yourself, and here’s a comprehensive list.
  2. Contact your lawyer and notify them that an Agreement has been signed. Make sure they’re ready to close the transaction.
  3. Immediately begin satisfying any conditions of the agreement that require action on your part. They have definitive dates for completion and failure to do so can result in a lot of hassles, or even spoil the whole deal.
  4. Notify your lawyer and lending institution if the buyer is assuming your mortgage.
  5. Contact the utilities, telephone and cable companies about transfer or removal of service. Note: Your lawyer will often handle the transfer of utilities.
  6. Call your insurance agent and arrange cancellation or transfer of your homeowner’s insurance. If the home you are selling will be vacant for more than 2 or 3 days, make sure your insurance company is notified.
  7. Contact a moving company to arrange your move on or prior to the closing date.
  8. Send out your change of address notices and advise the post office. Notify the Ministry of Transportation about your new address for driver’s license and registration.
  9. Notify your REALTOR® immediately if anything changes about your property or your situation.

 

Contact With Your Lawyer

If you plan to “discharge” or pay off your mortgage with proceeds of the sale, your lawyer will obtain a statement from your lender showing your outstanding balance on the mortgage, and any penalties you’ll have to pay to discharge the mortgage.

A few days before closing, your lawyer will ask you to sign the paperwork that enables the title to be transferred to the buyer.

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.

 

Congratulations!
You should be pleased that all your hard work paid off. We hope these ten 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.

 

Posted by

                                                                                                                                                                                                                                

Mississauga and Streetsville Real Estate


When you choose me to handle your real estate needs, you choose a real estate professional who cares about you and your family, who listens to your needs and who will put your interests first and foremost. I will work together with you, protecting your interests, to achieve your objectives.

I have been uniting families and homes for more than 31 years.. Let me put my 31+ years of knowledge and experience to work for you when selling or buying your next home.

 

Proud recipient of the Platinum award for outstanding serivce with a rating of 100% voted by my clients!!

A great experience starts with a great agent !

Helping You Make The Right Move since 1987. 

Call me at (905) 896-4622 or direct at (416) 717-6331

 www.mississaugarealestateonline.com    gvalvasori@gmail.com            

              

 

No part of this publication, may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, or electronic methods, without the prior written permission of the publisher.  Copyright © 2018  Gloria Valvasori, all rights reserved.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
Ontario Peel District Mississauga Mississauga Real Estate
Tags:
mississauga real estate agent gloria valvasori
mississauga homes for sale
mississauga mls listings
mississauga neighbourhood values
selling your home in mississauga

Spam prevention
Show All Comments
Rainmaker
3,207,068
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Gloria Valvasori, ASA those are very good list of tips to sell a home.

Dec 27, 2017 01:40 PM #1
Rainer
66,094
Golden1 Agents
San Mateo, CA

Thanks for sharing.

Dec 28, 2017 01:47 AM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
577,189

Gloria Valvasori, Accredited Senior Agent

REAL Experience | REAL Commitment | REAL Results!
Do you know what your home is worth in today's market?
*
*
*
*

Additional Information