When Selling Your Home, a decision you will have to make is the closing date of the transaction. This is the day that title changes hands, and the buyer becomes the new owner. In most cases it is the day you will move out and the buyer will move in.
Closing dates in a real estate sale must be a weekday. They cannot be a Saturday, Sunday or a holiday. Everything must be open for business. These include the lawyers handling the transaction, the mortgage lender and in the Province of Ontario, the land registry offfice. Holidays include New Years day, Good Friday, Victoria Day, Canada Day, the first Monday in August, Labour Day, Thanksgiving and Christmas and boxing day.
There might be other days that you cannot close your real estate sale. Consult with you lawyer prior to finalizing yours, especially around Christmas and New Years. Some law offices take some holidays around this time of year.
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HomesByOwner of Durham Region
Toll Free - 866.964.FSBO (3726)
Sell Your Home. Keep The Commission.
