Closing the Purchase
Your offer has been accepted but now you have to close the deal. Your lawyer and I will do most of the closing work.
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1). I will Fax or e-mail your offer to purchase to your banker and lawyer.
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2). Immediately begin to satisfy any conditions of the agreement that require action on your part.
I will fill out the documents stating that the conditions are satisfied.
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3). Well before closing obtain house insurance on your new home, get your homeowner`s insurance to be effective for your possession date. The insurance company will fax an Insurance ``binder`` letter to your lawyer, this letter certifies that you are covered. You Can`t get a mortgage without this letter.
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4). Meet with your mortgage specialist to finalize your mortgage documents
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5). About a week before your possession date you will meet with your lawyer to sign the closing documents. Yow will need to bring with you a certified cheque for the balance owing of your down payment and closing cost. Your lawyer will tell you the amount well in advance.
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