Closing Tips

Closing Tips

Closing Guide for Refinancing Your Mortgage

Refinancing your mortgage with Deeded is a straightforward process. This guide outlines the essential steps, from submitting documents like your current mortgage statement to completing your signing appointment via secure video conferencing. We’ll help you obtain updated home insurance, review mortgage instructions, and ensure everything is in place for a smooth closing. Trust Deeded to make refinancing quick, transparent, and hassle-free.
November 27, 2024
Closing Tips

Understanding Mortgage Instructions in Canadian Real Estate

Learn about mortgage instructions in Canadian real estate transactions, including what they are, their key components, and why they are essential for a smooth closing. Understand the importance of timely delivery and how delays can impact the process.
November 12, 2024
Closing Tips

Real Estate Closing Checklist & Expectations

What documents and steps are needed to properly close a real estate transaction? There are three main components: Client intake form, mortgage Instructions, & closing documents
November 12, 2024
Closing Tips

Online Real Estate Lawyers in Ontario: Simplifying Your Transactions

What is a digital real estate lawyer? Digital real estate lawyers in Ontario are revolutionizing the closing process for buying, selling, and refinancing properties.
November 18, 2024
Closing Tips

Virtual Real Estate Closings in Canada: A Step-by-Step Guide to a Seamless Process

Learn everything about virtual real estate closings in Canada. Discover how to complete real estate transactions online with ease and transparency
November 1, 2024
Closing Tips

How Much Does a Real Estate Lawyer Cost in Ontario?

Wondering about real estate lawyer fees in Ontario? Discover typical costs, factors that impact pricing, and why hiring a reputable lawyer is essential for property transactions in Ontario.
October 31, 2024
Closing Tips

Your Airbnb Property Might Cost You More Than You Think: The Hidden 13% Tax

Discover how a recent Tax Court of Canada ruling could mean paying an additional 13% HST when selling your Airbnb property. Learn about the tax implications of short-term rentals and how to protect yourself.
October 24, 2024
Closing Tips

Understanding Mortgage Refinance, Renewal, and Switch: A Complete Guide for Canadians

Are you approaching the end of your mortgage term? Or perhaps you're wondering if you could get a better deal on your current mortgage? Understanding your options can save you thousands.
October 22, 2024
Closing Tips

What Happens If You Can't Close

Being unable to close on a home purchase in Canada can have serious financial and legal consequences. It's a situation that can impact your finances, credit, and ability to buy a home in the future.
October 14, 2024
Closing Tips

Simplifying the Mortgage Process: A Broker's Guide to Client Satisfaction and Referrals

Simplifying the mortgage process through digital documentation, clear communication, and leveraging experienced professionals can significantly enhance client satisfaction and drive referrals. By using tools like mortgage calculators, educational resources, and client portals, mortgage brokers can provide a seamless and stress-free experience that builds long-term client relationships.
May 26, 2024
Closing Tips

Buying an Alberta Property? Your Closing Costs Are Going Up

Alberta closing costs are going to increase in 2025 with the introduction of a Land Titles Registration Fee levy. We've got the details and what it means for you.
March 7, 2024
Closing Tips

What is a mortgage closing?

Mortgage closing marks the final stage in securing financing for a property purchase, refinance, title (ownership) change, or a lender switch. 
February 15, 2024
Closing Tips

Navigating New Home Delays in Canada

Dealing with new home delays in Canada requires a combination of proactive measures, patience, and flexibility
January 18, 2024
Closing Tips

A Homebuyer's Guide to Ontario's Changing Real Estate Practices

The way you buy or sell real estate in ontario is changing with TRESA phase 2 coming into as of December 1, 2023. We summarize what these changes will mean to consumers.
November 18, 2023
Closing Tips

Changes to the Toronto Municipal Land Transfer Tax (MLTT)

The Toronto Municipal Land Transfer Tax is facing increases on luxury properties, starting in 2024.
November 7, 2023
Closing Tips

Closing a private mortgage? Here's why two lawyers are needed.

The closing process for private mortgages looks different than a traditional mortgage
September 29, 2023
Closing Tips

What Happens if I Miss a Mortgage Payment?

Consequences of missed mortgage payments: penalties, credit score impact, and risk of foreclosure.
July 17, 2023
Closing Tips

I'm Buying A Tenanted Property. What Do I Need to Know?

Summary: Dealing with tenants who refuse to move out during a property sale in Ontario.
July 11, 2023
Closing Tips

Closing a reverse mortgage? Here's what you need to know

Reverse mortgages allow Canadian homeowners aged 55+ to access home equity without making regular mortgage payments.
July 9, 2023
Closing Tips

How to Choose a Real Estate Lawyer

Selecting a real estate lawyer is crucial for a successful transaction; consider expertise, reputation, availability, and cost.
March 14, 2024
Closing Tips

The Game Changer: Virtual Signing

Virtual signing transforms real estate closings, offering efficiency, security, and accessibility for all parties involved.
June 27, 2023
Closing Tips

Understanding Tarion Warranty: A Comprehensive Guide for Home Buyers

Tarion Warranty provides coverage and protection for new homebuyers in Ontario, Canada.
May 23, 2023
Closing Tips

Got a special assessment on your condo? Here's what you need to know

Condo owners must be prepared for special assessments to cover unexpected expenses and repairs.
May 6, 2023
Closing Tips

What you need to know before buying a condo, co-op, or strata

Legal considerations for buying or selling condos, co-ops, and strata properties in Canada.
April 22, 2023
Closing Tips

What is a home appraisal and why are they needed

Home appraisals determine property value for lenders, impacting borrowing potential and purchase price negotiations.
March 30, 2023
Closing Tips

Guide to Closing on Your First Home in Canada: Tips for First-Time Homebuyers

Essential steps for first-time homebuyers in Canada, from financing to closing the deal.
March 25, 2023
Closing Tips

What happens when a pre-construction condo project gets cancelled?

Summary: This blog post discusses the implications of a pre-construction condo cancellation in Ontario and the available options for homebuyers.
March 17, 2023
Closing Tips

What happens at a real estate closing?

Real estate closing process involves multiple parties and documents, leading to a successful property transfer.
March 8, 2023
Closing Tips

Buying in the City of Toronto? Budget for your Land Transfer Taxes (LTT)

Summary: The City of Toronto Land Transfer Tax is a percentage-based tax on property purchases in Toronto.
January 11, 2023
Closing Tips

The mortgage broker's guide to a smooth closing

Importance of a smooth closing in real estate transactions for mortgage brokers and clients.
January 11, 2023
Closing Tips

When to schedule your final property visit and what to look for prior to closing

Importance of Property Visits Before Closing: Inspecting, Identifying Issues, and Resolving Prior to Ownership.
January 10, 2023
Closing Tips

What is a holdback in real estate and when is it used

Holdbacks in real estate transactions protect buyers by withholding money until conditions are met.
January 10, 2023
Closing Tips

Toronto's vacant home tax. What if I miss the declaration deadline?

Toronto is implementing a vacant home tax to discourage unoccupied properties, with penalties for non-compliance.
December 21, 2022
Closing Tips

Issues from your home inspection? Here's what you can do

Dealing with home inspection issues: understanding, remedies, negotiation, and walking away if necessary.
December 16, 2022
Closing Tips

How to budget for your Real Estate closing costs

Demystifying real estate closing costs: understanding fees and expenses when purchasing a property.
December 9, 2022
Closing Tips

The top pitfalls when buying a home

Common pitfalls of buying a home and how to avoid them.
December 9, 2022
Closing Tips

Tips for hiring a real estate lawyer

Importance of hiring the right real estate lawyer for a smooth and successful home-buying process.
December 12, 2022
Closing Tips

What is a statement of adjustments and how to read one

Understanding the Statement of Adjustments in Real Estate Transactions: Key Components and Importance
December 9, 2022
Closing Tips

Issues with your home? Can the sellers be held responsible?

Understanding latent and patent defects in property purchases and how to protect yourself.
December 9, 2022
Closing Tips

The Seller Took the Appliances - What Do I Do Now?

Understanding the ownership of appliances in a home purchase agreement.
September 15, 2022
Closing Tips

Do you need a Real Estate Lawyer to Refinance your Mortgage?

Choosing a real estate lawyer for mortgage refinancing offers faster turnaround and legal advice.
August 29, 2022
Closing Tips

Should you sell your home privately?

Pros and cons of selling your home privately without a realtor and buyer's agent.
May 30, 2023
Closing Tips

Switching mortgage lenders: What you need to know.

Switching mortgage lenders comes with costs, but can be done when your term is up for renewal.
August 15, 2022
Closing Tips

Closing in a shifting market

Options for homebuyers in the Canadian real estate market to navigate closing in a shifting market.
June 12, 2022
Closing Tips

Statements for Payouts - Why are you being asked for them and what you need to know.

Summary: This blog post explains the importance of providing up-to-date statements for payouts during mortgage refinancing.
May 10, 2022
Closing Tips

Five tips for a quick closing to your mortgage refinance

Tips for a seamless mortgage refinance closing: valid ID, updated debt statements, lawyer's information, off-peak scheduling, virtual closing.
May 3, 2022
Closing Tips

What exactly is broom swept condition?

The blog post discusses the importance of leaving a property in broom-swept condition when selling or buying a home.
May 5, 2022
Closing Tips

What is a trust agreement in Real Estate?

Understanding the Difference Between Legal and Beneficial Owners in Property Ownership
April 6, 2022
Closing Tips

Closing costs for refinancing your mortgage

Closing costs for refinancing a mortgage can vary and may require independent legal advice.
January 18, 2022
Closing Tips

Does Alberta have a land transfer tax?

Alberta does not have a land transfer tax, making it an attractive place to buy property.
February 17, 2022
Closing Tips

My seller won't close. Now What?

Seller's remorse can lead to a breach of contract, making the seller liable for damages.
November 1, 2021
Closing Tips

What is a mutual release?

A mutual release is a document used to cancel a real estate agreement between buyers and sellers.
November 1, 2021
Closing Tips

3 Questions You Need to Ask Your Alberta Real Estate Lawyer

Choosing the right Alberta Real Estate lawyer for a smooth and predictable house transaction.
April 22, 2021
Closing Tips

What's The ideal Day To Close your Real Estate Transaction?

Choosing the right closing date for a real estate transaction can avoid potential issues and delays.
April 7, 2021
Closing Tips

Most Common First Time Closing Mistake

Tips for first-time home buyers: Budget for closing costs and understand the expenses involved.
April 7, 2021
Closing Tips

Land Transfer Tax. What Is It and How To Budget For It.

First-time home buyers should budget for the land transfer tax when purchasing a property.
December 8, 2020
Closing Tips

How Can I Protect My Home With a Will?

Importance of having a will for homeowners to protect their property after death.
November 2, 2020
Closing Tips

Status Certificate. What is it and Why Should You Care.

A status certificate provides important information about a condo property for potential buyers.
November 28, 2020
Closing Tips

Insurance: Everything You Need To Know When Closing

Insurance products to consider when closing on a home or refinancing a mortgage.
October 26, 2020
Closing Tips

Why Skipping The Home Inspection Can Be a Bad Idea

Importance of Home Inspections in Real Estate Offers: Don't Skip this Crucial Step
September 29, 2020
Closing Tips

Interim Occupancy - What is it and What You Need To Know

The blog post discusses the interim occupancy period when buying a pre-construction condo.
September 16, 2020
Closing Tips

Title Search - What is it and Why Do You Need It.

Title search is a crucial step before purchasing a property to ensure legal rights and no encumbrances.
August 2, 2020
Closing Tips

How to Scan Documents With a Cell Phone Like a Pro

Scan documents with your phone using these tips for better results.
August 20, 2020
Closing Tips

COVID-19 and Residential Real Estate Closings

COVID-19 may cause challenges for residential real estate closings, but transactions are still obligated to close.
March 12, 2020
Closing Tips

Realtors: Real Estate Transactions Amidst COVID-19

COVID-19 may impact real estate transactions, but contingency plans can minimize disruption.
March 13, 2020
Closing Tips

Five most common title transfer issues

Common issues in property title transfers: liens, boundary disputes, illegal deeds, encumbrances, and public record errors. Protect with title insurance.
July 26, 2021
Closing Tips

Understanding the Statement of Adjustments and Trust Ledger

Understanding the Statement of Adjustments and Trust Ledger in real estate transactions is crucial for buyers and sellers.
June 18, 2021
Closing Tips

Behind the scenes: What happens on closing day

The blog post discusses the process and considerations for closing a real estate transaction.
July 26, 2021
Closing Tips

Deeded automates onboarding to dramatically speed up closings

Deeded aims to streamline and automate the closing process for real estate transactions.
August 27, 2021
Closing Tips

7 Questions to Ask a Real Estate Lawyer When Buying

Questions to ask a real estate lawyer before hiring them for your transaction.
January 23, 2020
Closing Tips

My Buyer Won't Close. Now What Do I Do?

Seller's rights when a buyer refuses to close, including compensation for damages and deposit considerations.
April 30, 2023
Closing Tips

The Top Real Estate Closing Costs to Consider in Alberta

Real estate closing costs in Alberta include legal fees, adjustment fees, land titles fees, and more.
February 3, 2023
Closing Tips

I Received the Previous Owner’s Bill. What Should I Do?

Dealing with previous owner's bills: contact lawyer, consider title insurance, and adjust property taxes.
June 14, 2021
Closing Tips

Independent Legal Advice (ILA) and when you may need it.

The blog post discusses the importance of obtaining independent legal advice in real estate transactions.
June 18, 2021
Closing Tips

Should I Be Drafting My Own Agreement of Purchase and Sale?

The blog post discusses the risks of drafting a real estate agreement without professional assistance.
June 16, 2021
Closing Tips

Conditions On An Offer: Why They Matter

Conditions on an offer to purchase mitigate risks in home buying process.
June 8, 2021
Closing Tips

Closing On a Friday

Choosing the right closing date for a real estate transaction can prevent challenges and extra costs.
December 8, 2020
Closing Tips

Real Estate Legal Documents - What You'll Need to Sign at Closing

Summary: This blog post explains the important real estate legal documents involved in a transaction.
January 23, 2020
Closing Tips

Mortgage Refinancing - What is it and What's The Process?

Mortgage refinancing replaces an existing loan with new terms, offering benefits like lower rates and debt consolidation.
January 22, 2020
Closing Tips

Title Insurance. What is it and Why You Need It.

Title insurance provides protection for property owners against potential issues with their property's title.
January 15, 2020

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