Closing on a property is an exciting milestone, but the legal process can often feel complex. As your dedicated Burlington real property closing lawyer, my goal is to bring clarity and confidence to this final, crucial stage. Understanding the key steps can demystify the process and ensure you are fully prepared.

Here is a step-by-step guide to what you can expect during the real estate closing process in Ontario.

Step 1: Reviewing the Agreement of Purchase and Sale
Once you have a firm agreement, I will conduct a thorough review of the contract to ensure all conditions have been met and that your legal interests are protected. We will discuss key details, including the closing date, purchase price, and any specific clauses.

Step 2: Title Search and Off-Title Inquiries
This is one of the most critical steps. I will perform a comprehensive title search to verify that the seller has legal ownership of the property and to identify any liens or other encumbrances that need to be cleared. This ensures you receive a “clean” title.

Step 3: Document Preparation and Signing
I will prepare all the necessary legal documents, including the land transfer deed and mortgage documents. We will schedule a meeting for you to sign these documents ahead of the closing date, where I will explain each one in detail.

Step 4: The Exchange of Funds and Documents
On the closing day, I manage the secure transfer of funds between all parties. I will pay out the seller’s existing mortgage, property taxes, and real estate commissions from the funds provided. Once the funds are exchanged, the property ownership is officially transferred.

Step 5: Registration and Receiving the Keys
The final step is registering the deed in your name with the Land Registry Office. Once registration is complete, the property is legally yours. I will then notify you that you can pick up the keys to your new home!

Navigating a real estate transaction requires meticulous attention to detail. Whether you need an Oakville real property closing lawyer or a Toronto and GTA Real Estate lawyer, the principles of a smooth and secure closing remain the same. My practice is dedicated to providing this expert service across all these communities.

Ready to proceed with your property transaction? Contact my office for a consultation to ensure your closing is handled with expert care.