Step 4-Closing

It is common practice for a buyer to hire the services of a lawyer or notary public to prepare the documents needed to do the transfer of ownership. They will also protect your interests by searching the title in the Land Title and Survey Authority Office to make sure only the seller has legal rights to the home, preparing the documents to transfer ownership, including the Property Transfer Tax return, confirming all of the seller payments have been made, delivering the final amount due to the seller among other things.

Once you have signed the documents, given your cheque and picked up your keys, the home is yours! All of your hard work has paid off, now it’s time to decorate and enjoy your new home!