EAST
Central Administration
2788 boul., St-Joseph Blvd.
Orléans, Ontario
K1C 1G5
613-837-7880
fax 613-837-7664
SOUTH
Capital Corporate Centre
9 Antares Drive
Ottawa, Ontario
K2E 7V5
WEST
Gateway Executive Offices
Fourth Floor, 300 March Road
Kanata, Ontario
K2K 2E2
Email:
mail@jacquesrobert.com
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PREPARATION OF FILE
What you do
- Call all utilities, cable and telephone to cancel and obtain final meter readings. You must provide them with your forwarding address for the final billing.
- Forward copy of your most recent tax bill to our office immediately.
- Cancel house insurance. Make sure it is cancelled effective the day following the closing date.
- Cancel any contract services, for example, alarm systems, newspapers, snow removal and/or other contract services.
- Inform us of any mortgages that you have on the property.
- Inform yourself of your mortgage payout figures. Inquire with your bank as to what penalties, administration fees, discharge fees, etc., will be charged. Please be aware that on mortgage payouts, daily interest applies to the next business day as per your bank's instructions. If your mortgage is a secured line of credit, please be sure not to use any funds from line of credit, or inform our office immediately if you will be using funds from line of credit.
- Powers of Attorney - in the event that you will be unavailable to sign your final documents and you wish to designate either Jacques Robert or another party to sign on your behalf.
- Inform us of any potential problems such as court judgements on title, matrimonial separation, tax arrears, shortage of funds to pay mortgage(s), house problems, etc.
What we do
- Review Agreement of Purchase and Sale
- Review all documents which you are required to sign by the buyers' lawyer
- Preparation of usual documents for the closing of the transaction
- Obtain figures of any outstanding amounts on any mortgage(s) and arranging for payment of these from sale proceeds
- Payment of real estate commission fees, if any from sale proceeds
- Payment of our legal fees and disbursements from sale proceeds
- Meet with you for final signatures
- Balance of sale proceeds will be given to you directly or deposited into your bank account (you must provide us with a VOID cheque for this service)
- A final report letter will be given to you at the final appointment
APPOINTMENT FOR SIGNATURES AND CLOSING DAY
We generally contact you 3 to 4 days before the closing date to arrange for an appointment to review your file and sign your final documents. This will be the only time we contact you unless there are any major problems or we require additional information. This final appointment will be held 1 or 2 days before your closing day as the information from all parties involved is usually only complete at this time.
You will either meet with Jacques Robert or one of our highly trained Legal Assistants to sign all pertaining documents. This meeting for signatures will take approximately ½ an hour and all owners of the property need to be present.
At this time, we will require picture ID, one set of keys to your property and a VOID cheque if you would like the sale proceeds automatically deposited in to your bank account. Please ensure that all other keys, garage door openers, warranties, manuals, and any other useful information is left in a convenient, visible location for the Buyers.
On the day of closing, we will have possession of the sale proceeds by 5:00 pm. The actual time varies depending on the following factors:
- the time the lawyer for the Buyer is prepared to close
- high volume of closings on-line (mid-month and month-end are worse)
- traffic for couriers delivering keys, sale proceeds, etc. to and from the other lawyer involved
PICKUP OF SALE PROCEEDS
If you wish to pick up your sale proceeds personally, you may do so at our Orleans location late on the day of closing. However, if you have requested direct deposit, please note that your deposit may only be effective the following business day, depending on when we receive your proceeds and your bank's policies. |
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