COVID-19: We’re in this together!
Toronto Real Estate Services | Royal LePage Signature Realty*
Logo Logo Logo Logo Logo
MENUMENU
  • BUY
  • SELL
  • RENT
  • MENU
    • Home
    • About
    • Listings
      • Featured
      • Search MLS Listings
    • Guides
      • Buyers
        • Buying a Home
        • Making an Offer
        • First Time Home Buyers
        • Closing Day
        • Costs
      • Sellers
        • Preparing your Home
        • Listing Your Home
        • What you'll Need
        • Accepting Offers
        • Closing the Sale
      • Leasing
      • Financing
        • Down Payment
        • Your Credit
        • Know What You Can Afford
        • Getting Pre-Approved
    • Toronto
      • Whose Job Is It?
      • Neighbourhoods
        • Downtown Toronto
        • Midtown Toronto
        • Uptown Toronto
        • West Toronto
        • East Toronto
        • North York
        • Etobicoke
        • Scarborough
      • Restaurants
      • Schools
      • Transit
      • Resources
    • Collections
    • Blog
    • Contact
MENUMENU
  • BUY
  • SELL
  • RENT
  • MENU
    • Home
    • About
    • Listings
      • Featured
      • Search MLS Listings
    • Guides
      • Buyers
        • Buying a Home
        • Making an Offer
        • First Time Home Buyers
        • Closing Day
        • Costs
      • Sellers
        • Preparing your Home
        • Listing Your Home
        • What you'll Need
        • Accepting Offers
        • Closing the Sale
      • Leasing
      • Financing
        • Down Payment
        • Your Credit
        • Know What You Can Afford
        • Getting Pre-Approved
    • Toronto
      • Whose Job Is It?
      • Neighbourhoods
        • Downtown Toronto
        • Midtown Toronto
        • Uptown Toronto
        • West Toronto
        • East Toronto
        • North York
        • Etobicoke
        • Scarborough
      • Restaurants
      • Schools
      • Transit
      • Resources
    • Collections
    • Blog
    • Contact

Preparing Your Home Listing Your Home What You'll Need Accepting Offers Closing the Sale

Closing the Sale
Get Started
Congratulations! Our preparation paid off. Together we built the foundation to achieve the best results in selling your home.

So what do we do now? I will contact your lawyer to advise him on the sale of your home and forward documents to him. You should also communicate with your lawyer.

On or before closing day, the lawyers for the seller and the buyer will set up a trust account for the money coming from the sale. This money will be used to pay off any mortgages you owe on the property, after which you receive the balance. Your lawyer should also ensure that you receive compensation for pre-paid expenses, such as property taxes, electrical or gas bills, or, if applicable, heating oil left in your tank. You need to notify these services that you are moving. You will give the property deed or transfer documents, mortgage details, and keys to your lawyer. Your lawyer will register the mortgage discharge and transfer the deed at closing. You will also pay the listing brokerage company their compensation (your lawyer can arrange the payment from the proceeds of the sale).

PREV

NEXT

SELLING YOUR HOME

Preparing Your Home

Listing Your Home

What You’ll Need

Accepting Offers

Closing the Sale

BUYING A HOME

Buying a Home

Making an Offer

First Time Home Buyers

Closing Day

Closing Costs

FINANCING

Down Payment

Your Credit

Know What You Can Afford

Getting Pre-Approved

LEASING

Getting Started

Residential
Buy
Sell
Lease
Why We Stage
Blog

Buyer Guide
Buying a Home
Making an Offer
First Time Buyers
Closing Day
Closing Costs

Seller Guide
Preparing Your Home
Listing Your Property
What You'll Need
Accepting Offers
Closing the Sale

Other Guides
Leasing
Financing
Neighbourhoods
Trinity Bellwoods
Junction Triangle
South Annex
Little Italy
Dufferin Grove
Beaconsfield
Leslieville
High Park
Swansea
Bloor West Village
Roncesvalles Village
Liberty Village
Parkdale
Cabbagetown
St Lawrence Market
Waterfront
Ian Mehisto Toronto Real Estate Agent $70,000-$27,500,000 Ian Mehisto
Sales Representative

Email

416-722-1939 Office
416-205-0360 Fax
www.ianmehisto.com

Royal LePage Signature Realty*

154 Bathurst Street
Toronto, Ontario
M5V 2R3
(Map)

Buy.

Sell.

Lease.

Invest.

DISCLAIMER: Not intended to solicit anyone already under agency contract.
*Independently owned and operated.
Ian Mehisto, Sales Representative © 2016
Toronto Condos | Toronto Real Estate Agent | Toronto Realtor