Closing Day
If you’ve reached this stage, congratulations—you’re nearly there! Before celebrating, it’s important to tie up the final details to ensure a smooth closing in the London, ON real estate market.
Final Walk-Through Inspection
The final inspection usually takes place the day before or the day of closing. The buyer will visit the property to confirm that everything is in working order, the home is in the same condition as when they last saw it, and that no personal items have been left behind. This step is typically a formality, but it provides peace of mind for both parties.
Cancel Home Services and Utilities
We will provide a list of helpful contacts to terminate or transfer services, including electricity, gas, water, internet, and other utilities, so the new owners can move in seamlessly.
Be Prepared
Even at the last stage, unexpected issues can arise—such as a minor repair, paperwork glitch, or delay in the buyer’s financing. There’s no need to worry. With our experience in London’s real estate market, we handle these situations efficiently and stress-free, keeping you informed every step of the way.
Closing
Your lawyer (closing agent) will provide a settlement statement summarizing all financial transactions involved in the sale. Both you and the buyer will review and sign the statement, certifying its accuracy.
If you cannot attend the scheduled closing, alternate arrangements can be made with proper notice. Funds from the sale can be delivered via electronic transfer to your bank account or by certified cheque at the closing.
Finally, ensure that all property keys, garage openers, manuals, and any other essential information are ready for the buyer. This ensures a smooth handover and a positive start for the new owners.
