Your GTA realtyreport
As One Door Closes, Another One Opens
You bought your dream home, sold your old place, made all the legal and financing arrangements and booked the moving truck. And now the big day is here.
Most moving days go by in a blur, especially if the buying and selling transactions are scheduled for the same day. There's a flurry of activity, from exchanging papers between real estate lawyers, banks releasing funds, registering mortgages, insurance policies coming into effect, picking up keys, disconnecting and connecting utilities — and, by the way, moving all your stuff!
Your real estate sales representative can help you prepare for the mammoth undertaking of moving day by making sure you're aware of the many activities that need to be coordinated. For example, if you can help it, arrange to have your property close mid-week instead of on a Friday, which will help to avoid delays with money transfers slipping into the weekend — a time that may be too late to complete the transaction. On closing day, the buyers' money needs to be transferred from their bank to their lawyer, and from him or her to the sellers' lawyer. And the sellers may be waiting for that money so that they can complete the purchase of their new home.
Remember that the lawyers cannot give you the keys to your new home until they have received the funds and registered title to the home.
Smooth the way for your next property transaction by calling for no-obligation advice today.
