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House sales have been weak with the forecast for slow growth ahead.
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Real Estate
/ How home buyers can prepare for closing day
By Mark Weisleder |
Fri Nov 12 2010
Closing day for a home buying
family represents in many ways, a
new beginning. It can also be
extremely stressful.
Here are 10 helpful hints, to make
your closing day a success story.
1. Know how much money you will
need to bring in on closing. The
balance owing will not only include
what is stated in the purchase
agreement, but will also include
land transfer tax, legal fees,
disbursements and any closing
adjustments. Have this discussion
with your lawyer well in advance of
closing to ensure that you have
sufficient funds available. If you
are using funds from your RRSP
to complete the purchase, make
sure you start the process at least
one month before closing so that the funds will be available.
2. Make sure your lender has completed their appraisal well in
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