Some vendors have to wait 3-4 weeks to receive their funds. Our firm participates in several expedited processes which usually allows us to pay out sale files within a few days from the date of possession. Ask us if your deal qualifies for the expedited process.

No legal fees are required upfront. Once the sale money has been received from the purchaser’s lawyer, we will pay the real estate commission, any existing mortgages, hydro loans, or other encumbrances that need to be discharged from title and that are required to be paid to complete the sale. For a sale, legal fees are taken out of the sale proceeds once the transaction is completed. Clients receive a statement of accounting along with their final report by email once the sale is completed.

During the course of your sale, purchase or, refinance transaction, we will incur and pay disbursements on your behalf. These are out-of-pocket expenses that you would otherwise be required to pay if you handled the transaction yourself. Because your lawyer generally pays these expenses up front, your lawyers office will seek reimbursement by including these expenses on your statement of account once the sale is completed.

At the time of your signing meeting at our office we will ask if you would like us to send funds to be direct deposited. Clients will be required to provide a void cheque or direct deposit form and we will send funds directly to your institution and send you a final report notifying you the transaction is complete and funds can be expected in their account. In the alternative, clients can pick up sale proceeds by way of cheque at our office or have it mailed to them.

You will be required to bring in one key with you at the time of our signing meeting. You may keep a spare key until the day before possession. Once you have completed your final walk-through and have submitted your water meter reading, you may leave the extra key on the counter (along with any other codes, garage openers etc.). We will provide the purchaser's lawyer with the key to the home for use on possession day.

Many of our clients use the equity in their existing home to finance a purchase when completing both a purchase and sale. Talk to your mortgage professional to find out if you need such loan to pay for your purchase which you await for your from the sale of your home. It is important that you discuss bridge financing with your financial institution to arrange a short term loan if this is something you require well in advance.