Selling a home can be an exciting, stressful and busy time.
Whether you are selling a home you've lived in for a short time and
moving to something larger or downsizing from your long-time family
home, it is important that a lawyer acts on your behalf during the
transaction. And with so much to do ahead of your move, you can
count on your lawyer at Kelly Santini LLP to take care of all the
legal steps needed to finalize the sale of your home. That's why
thousands of people in Ottawa select us every year to make sure
their house sale goes smoothly and to ensure their interests
are
protected.
When selling your home, there are a number of issues which we
will address for you in order to ensure a smooth transfer of your
property to the purchaser. These tasks carried out by your Kelly
Santini LLP solicitor include:
- Review and complete the draft deed which formally transfers the
property from you to the purchaser.
- Prepare the statement of adjustments for the purchaser's
lawyer. The purpose of the statement of adjustments is to calculate
the precise amount that will be owed at closing. Adjustments will
be made for the various payments that affect your property,
including taxes.
- Write to your mortgage company to determine the exact amount
owing on the date of closing.
- Prepare and electronically register the necessary discharge of
mortgage.
- Perform a subsearch of the property. This outlines any existing
mortgages and other instruments which are registered on the
property.
- Answer the letter of requisition from the purchaser's lawyer
and discuss with you any potential problems that could delay the
closing.
- Oversee the execution of all the necessary documents.
- Instruct the purchaser's lawyer on how to transfer the funds
from the sale. In most circumstances separate cheques are requested
and made payable to your mortgage company, our firm in trust and
you.
- Payout the mortgage, the real estate commission, outstanding
property taxes, utilities, etc.
- After closing, advise the City of Ottawa, Enbridge and Hydro
One of the change in ownership of the property.
- Report to you.