Once your home is under a firm offer, congratulations! But now is not the time to step back. This stage, between firm offer and closing day, is just as important as listing your home. You are now legally committed to selling, and so is the buyer. That means any mistake or delay can cause legal or financial issues. The more you do now to prepare, the smoother the closing will be.
Some sellers think the hard part is over once the deal is firm. However, there is still a list of responsibilities before the keys are handed over. These include paperwork, legal preparation, and property maintenance. You may also need to get ready to move out. This can feel overwhelming, but with proper planning and communication, you can stay in control every step of the way.
One of the first things you should do after the deal goes firm is contact your lawyer. Don’t wait, even if the closing is still weeks away. Your lawyer needs time to review the agreement and prepare the documents. The sooner they start, the better. A simple phone call or email is all it takes. Just let them know that your property has a firm sale and that you are ready to move forward.
After the initial contact, gather and send every document related to the deal. This includes the full Agreement of Purchase and Sale (APS), any schedules, waivers, and amendments. These documents outline all the terms you and the buyer agreed on. If anything is missing or unclear, your lawyer may not be able to prepare for closing. So double-check that every file you send is correct and complete.
Your lawyer may need additional information. This could include your current mortgage details, tax payment records, and information about utilities and home insurance. Be ready to answer questions quickly. This helps avoid delays and makes the legal process smoother. Also, make sure you understand your responsibilities and costs, such as legal fees or adjustments for property taxes.
Once everything is in motion, ask your lawyer what comes next. This is especially important if you are not familiar with the closing process. They may give you a checklist with important tasks and deadlines. For example, you might need to schedule a final signing appointment or prepare certain ID documents. You may also learn when and how you will receive your sale proceeds. This keeps you informed and confident.
Once your offer is firm, it is time to think about electricity, water, gas, and internet. You will need to cancel, transfer, or schedule final readings. Many sellers forget this step until the last minute, which can cause extra charges or service disruptions. Plan ahead so everything is taken care of smoothly.
Make a list of all your utility and service providers. This might include hydro, gas, water, phone, internet, cable, and even garbage collection. Call each company and give them your closing date. Tell them if you are moving and want to transfer service or if you want to cancel. Most providers need a few days to process your request.
Always request a final meter reading on closing day or the day before. This makes sure you only pay for what you used. Ask the utility company to send you a final bill to your new address. That way, you will not miss it. If you skip this, you might get billed for the new owner’s usage, which can be a headache later.
Besides utilities, cancel or forward things like magazine subscriptions, cleaning services, or water deliveries. Update your address for credit cards, banks, and insurance companies. This helps avoid confusion and missed mail. Also, consider forwarding your mail through Canada Post for a few months after your move.
Once your home is sold firm, you should start planning your move. Don’t leave it until the week before. Movers can get booked quickly, especially in busy seasons. By acting now, you will get better rates, more options, and peace of mind. Even if you are moving nearby, early planning saves time.
Start by getting quotes from a few moving companies. Check reviews and make sure they are licensed and insured. Once you pick a mover, confirm the moving date and get everything in writing. Let them know how many rooms and what kind of items you have. This helps them prepare the right size truck and team.
Packing always takes longer than expected. Begin with items you do not use daily, like seasonal clothes or decorations. Label each box with the room name and a few notes about the contents. Use strong boxes and bubble wrap for fragile things. This keeps everything organized and protects your items from damage.
Moving is a great chance to declutter. Go through your closets, garage, and basement. Donate items you do not use or throw away broken stuff. The less you move, the easier and cheaper it is. Plus, your new home will feel fresh and clean without the clutter.
If your buyer requested repairs in the offer or inspection phase, now is the time to complete them. Delaying repairs can cause frustration and even risk the deal falling through. Whether it is fixing a leaky faucet or repairing damaged flooring, try to finish all tasks well before closing day. This shows good faith and helps avoid last-minute disputes.
Sometimes repairs require expert skills. If you are unsure or lack time, consider hiring licensed contractors. A professional job not only satisfies the buyer but also protects your interests. Keep all receipts and proof of completed work handy. You may need to provide these to your lawyer or the buyer for confirmation.
After repairs, the final clean-up is crucial. A spotless home helps the buyer feel confident about their purchase. Clean every room, including floors, windows, and appliances. Do not forget outdoor areas like patios or lawns if they are part of the sale. Even small details, like fresh air and neat closets, count a lot.
Before closing, review the agreement carefully. Confirm that all items promised to the buyer are present and in good condition. For example, if the deal includes window coverings or appliances, ensure they stay behind. Removing or damaging any agreed items can cause issues at closing.
The final walkthrough is the buyer’s last chance to inspect the property before closing. It usually happens one or two days before or on closing day. The buyer checks that the home is in the agreed condition, repairs are done, and nothing promised is missing. Being ready for this walkthrough is essential to avoid surprises.
By walkthrough time, you should have moved out all your belongings. The buyer needs full access to every room, basement, and storage space. Lockboxes, garage remotes, and keys should be prepared for handover. Clear access helps the buyer feel comfortable and confident about finalizing the sale.
Have all manuals, warranties, and receipts for repairs ready to give to the buyer during or after the walkthrough. Also, share your contact details or your agent’s, in case the buyer has questions later. This builds trust and shows professionalism.
Buyers may point out small issues or ask questions. Be open and cooperative, but also understand that minor concerns can be expected. If any serious problems arise, your lawyer or agent can help resolve them quickly. Staying calm and helpful will make the final step smooth for everyone.
The statement of adjustments is a financial summary. It shows how costs like property taxes, utilities, and condo fees are split between you and the buyer. Because these payments may cover periods before and after closing, the statement makes sure both sides pay their fair share. Your lawyer will explain this in simple terms, so you fully understand what you owe or will receive.
Take time to check each number on the statement. Sometimes, small errors happen, like a missed payment or wrong calculation. Your lawyer will go over each line with you, explaining why each charge is included. If you find anything unclear, ask questions. This review avoids mistakes that could delay closing or cause disagreements later.
Besides taxes and utilities, the statement may include legal fees, real estate commissions, and mortgage adjustments. Confirm that all fees related to your sale are listed. Also, check any credits or deposits you have already paid. This way, you know exactly what money will be exchanged on closing day.
Once you and your lawyer agree the statement is correct, you will sign it. This approval means you accept the final financial terms. After signing, the closing process moves forward smoothly. If you wait too long to review, it may delay the transaction, so act promptly.
Before closing, gather everything the new owner will need. This includes house keys, garage remotes, mailbox keys, and any security codes. Keep them organized in one place to hand over easily. If you forget something, the buyer may be frustrated or delayed moving in.
If your home has special features like a security system, heating controls, or smart devices, write down simple instructions. This helps the buyer use everything correctly without guesswork. Also, include manuals if you have them. Clear notes show you care and avoid future misunderstandings.
Be honest about any repairs or problems that might still exist. It is better to tell the buyer upfront than for them to find out later. This honesty builds trust and can protect you from legal problems after the sale. Your agent or lawyer can advise you on what to disclose.
Plan a time and place for the key handover that works for both you and the buyer. Your agent often helps with this. On the day, stay positive and professional. This final step marks the end of your sale and the start of the buyer’s new journey.
Once your offer becomes firm, your job as a seller is not quite over. In fact, this phase is one of the most important steps to ensure a smooth and successful closing. By staying proactive, organized, and communicative, you can avoid delays, reduce stress, and leave a positive impression on the buyers.
In short, the time between a firm offer and closing day may feel brief, but it is packed with critical responsibilities. However, by following a clear plan, you will set yourself up for a stress-free handover.
Being a professional real estate agent, I’m here to guide you through every stage of the selling process. With just a 0.88% commission, professional support, and a dedication to your success, we make selling smarter, simpler, and more rewarding. Your dream home journey – whether buying or selling – deserves nothing less.
Subscribe to our newsletter to see the latest blogs
* By submission, you agree to receive email marketing materials regarding my services.
Your Dream Home
Your Smart Choice
adam@point88.ca
647-325-5667
8300 Woodbine Ave, Markham, ON L3R 9Y7
Scan from WeChat, please:
I will reach you back as soon as possible. If you are in a hurry, please press the button below to give me a call now.
