inspections, closing costs, etc. According to Mortgages.ca, lenders request appraisals, and the borrower (buyers) pays the appraisal cost. However, many home buyers, especially first-timers, order one on their own to protect themselves. Once all the documents have been signed by all the parties the notary will then send the documents to the Cadastral office for registration.
STEP 8: MOVING
The closing is usually the time when the buyer takes possession of the property, so you need to be out of the home by then. There are situations in which a rental agreement is set up between the buyer and seller. However, it’s far less complicated if you tackle the packing and moving process before closing. Keep the following in mind as you do so.
Where You Currently Reside
• Provide a forwarding address to your post office. • Don’t forget to give friends, family, and acquaintances your current contact information. • Submit changes of address for your magazine subscriptions, credit cards, etc.
Insurance and Banking
• Order new checks and transfer money if you switch banks. • Make sure all insurance companies have your new 86
Powered by FlippingBook