Learn about the closing process and how your agent can help guide you through it.
What you need to know about dealing with offers and closing the deal is right here.
Receiving, reviewing, negotiating and accepting an offer on your home all lead to closing: the preparation for transferring your property ownership from you to the buyer. There is no standard method for closing in Canadian real estate law. In some places, ’round table’ closings bring all parties together at the closing table. In other areas, buyers and sellers complete the process through separate, individual appointments with their real estate lawyer. Your real estate agent will tell you what is customary in your area and help lead you through the entire process.
Read more about offers, negotiating, engaging a real estate lawyer and paying closing costs below:
Types of Offers
What’s the difference between a firm offer to purchase, and a conditional one? And what does that mean for you as a home seller? What details about your home are included in the offer, and how do you proceed if you’re unhappy with them? Find all the answers and learn more about purchase offers for sellers.
Reviewing Offers
So you’ve finally received an offer on your home. Before you start thinking your home sale is a done deal, there are some things to consider, such as the price offered, additional things the buyer asks for, special conditions that must be met, and your real estate agent’s advice. Learn more about reviewing offers from buyers.
Negotiating and Counter Offers
You might have received an offer on your home that’s satisfactory overall, but the devil is in the details: the offer could contain certain terms and conditions that you’d rather meet with some push-back. There are several ways you can respond to the offer; if you choose to counter-offer, follow some tried-and-true tips to negotiate the best possible compromise. Learn more about how to negotiate your home sale and submit counter offers.
Consulting a Legal Professional
Selling a house involves a lot of your money, numerous people, service providers, government and paperwork. Mistakes can be costly, which is why you need a real estate lawyer. He or she will ensure your home selling process is done according to the law, and that every legal document you sign is prepared with your best interests in mind. Learn more about what a real estate lawyer can do for a seller.
Closing Costs for Sellers
Closing day is exciting, but don’t forget to budget for closing costs. Closing costs are fees that must be paid before your home sale is officially complete. This article lists some common expenses that are the seller’s responsibility before the big day. Learn more about the closing costs sellers need to budget for.
