Your Closing To Do List

• Contact your lawyer and notify them that an Agreement has been signed. Make sure they're ready to close the transaction.
• Immediately begin satisfying any conditions of the agreement that require action on your part. They have definitive dates for completion and failure to do so can result in a lot of hassles, or even spoil the whole deal.
• Notify your lawyer and lending institution if the buyer is assuming your mortgage.
• Contact the utilities, telephone and cable companies about transfer or removal of service.
• Call your insurance agent and arrange cancellation or transfer of your homeowner's insurance.
• Contact a moving company to arrange your move on or prior to closing date.
• Send out your change of address notices and advise the post office. Notify the Ministry of Transportation about your new address for driver's license and registration.
• Notify your REALTOR® immediately if anything changes about your property or your situation.
• Contact with your lawyer.
• If you plan to "discharge" or pay off your mortgage with proceeds of the sale, your lawyer will obtain a statement from your lender showing your outstanding balance on the mortgage, and any penalties you'll have to pay to discharge the mortgage.
• A few days before closing, your lawyer will ask you to sign the paperwork that enables the title to be transferred to the buyer.
• On closing day, your lawyer will receive and distribute the proceeds from the sale, pay off your mortgage and other costs, and give you a cheque for the net proceeds.