Closing day is an exciting time. After all, you’re moving into your new home!
However, it can be stressful as well. The last thing you need is to be
confronted with something you don’t understand. So here is a quick list of
common “closing day” terms.
• Disbursements. This is the allocation of funds to the appropriate
parties, such as the seller. Your lawyer will take care of this for you.
• Possession. This is the moment on closing day when you are legally
able to take possession of your new home. It’s usually when your
REALTOR® or lawyer hands you the keys.
• Title. This is a legal document that identifies the property and its owner.
• Closing costs. These are expenses, excluding the selling cost of the
property, that are due on closing day, such as legal fees, reimbursement
for pre-paid utilities, utility deposits, insurance, and taxes.
• Closing adjustments. These are expenses pre-paid by the seller that
need to be reimbursed on closing.
There may be other terms you come across on closing day as well.
Don’t worry, a good REALTOR® can help make the day go smoothly
for you and your family.
Looking for a good REALTOR®? Call today.

Usually when you list your home, you would prefer to sell it quickly. It’s like
being the first one served at a crowded ice cream parlour. It’s satisfying.
However, sometimes there’s more to it than that. There may be a truly
urgent reason why you need to find a buyer for your property as soon as
possible, such as a sudden job relocation.
If that’s the case, it’s important to explain your situation to your REALTOR®,
who will be able to put together an action plan for selling your home quickly
and for the best price possible.
During that conversation, ask what you can do to help the process along.
For example, you may be able to:
• Spread the word to your friends and other connections on Facebook.
• Canvass your neighbours and tell them about your listing.
• Stage your home so that it’s more attractive to prospective buyers.
When it comes to price, be prepared to be flexible. That doesn’t mean you
must settle for a price far below your home’s market value. However, you do
need to be prepared to accept a good offer rather than try to hold out for a
great one.
Also be open to as many viewings and open houses as possible. Having
many prospective buyers come through your home within a short period of
time may be a little inconvenient, but the payoff might be an offer!
Finally, work with your REALTOR®. A good REALTOR® will know the local
market well and have many ideas for selling your property fast.
Looking for a good REALTOR® like that? Call today.