Real Estate Process

• If You Are Buying a Home
• If You AreSelling a Home

If you are buying a home:

Up to 4 months before closing

  • You or your agent will fax us the Agreement of Purchase and Sale
  • If you are purchasing a condominium, we will review the status certificate when requested.
  • We will conduct a title search on the property
  • We will requisition the vendor’s lawyer to clear any title defects
  • We will have the vendors sign:
    • Declaration that they own the property
    • Bill of Sale for Personal Property (fridge, stove, etc…)
    • Declaration that there is no potential for Construction Liens
    • Other Undertakings
  • We will contact your bank or mortgage financing company
  • We will contact you to ask for your legal name, capacity to take title (joint tenancy or tenants-in-common and your date of birth

1 week before closing

  • If you are purchasing a condominium, we will call to confirm that there are no changes in the Status Certificate
  • We will contact you to bring in photo ID and closing funds
  • You will attend at our office to sign documents

Day of closing

  • We will update our title search of the property
  • You will attend at our office to pick up keys

After closing

  • We will send you a reporting letter

If you are selling a home:

Up to 4 months before closing

  • You or your agent will fax us the Agreement of Purchase and Sale
  • We will request a mortgage discharge statement
  • We will respond to the purchaser’s requisitions and clear any title defects
  • We will have the purchasers sign:
    • Undertaking to Re-Adjust the Statement of Adjustments
    • Direction Re-Title

1 week before closing

  • We will contact you to bring in keys
  • You will attend at our office to sign documents

Day of closing

  • You may attend at our office to pick up sale proceeds, if available

After closing

  • We will direct funds to your mortgage company
  • We will direct funds to any other creditor
  • We will send you a reporting letter