Every home buyer or seller looks forward to the moment of closing: the period where all involved parties put a bow on the sale and the keys get handed over to the happy new owners. The closing is by nature the most complicated part of the home buying and selling process. It consists of tying… Continue reading What happens at a real estate closing?
Tag: real estate closing
What happens at a real estate closing?
Does Alberta have a land transfer tax?
Alberta does not have a land transfer tax like other provinces, however, some other fees may apply towards your closing costs.
What’s The ideal Day To Close your Real Estate Transaction?
When you’re making an offer to purchase a property, you’ll be asked when you would like to “close” on your property as part of the agreement to purchase. The date you pick will also have to align with your seller’s expectations as they may need to arrange to move and vacate the property. On closing… Continue reading What’s The ideal Day To Close your Real Estate Transaction?
Status Certificate. What is it and Why Should You Care.
If you are buying a condo, you will probably encounter the term “status certificate”. What exactly is a status certificate and why are status certificates important? Think of a status certificate as a comprehensive document that provides information about the current state of a condominium property. The purpose of it is to give potential buyers… Continue reading Status Certificate. What is it and Why Should You Care.
Title Search – What is it and Why Do You Need It.
Before we explain what a title search is, it is important to understand what title means. Title is a legal term that means registered owner of a property. Records associated with the title of a particular property are usually kept in a land registry office, which is responsible for record keeping. These records include deeds, court records,… Continue reading Title Search – What is it and Why Do You Need It.
COVID-19 and Residential Real Estate Closings
Will COVID-19 impact residential Real Estate closings? As the disruption caused by coronavirus (COVID-19) continues to spread, it may become increasingly essential to quarantine a large portion of the population to counter the spread of the virus as we’ve already seen happen in China, Italy, Iran and other countries. Given that we are in the… Continue reading COVID-19 and Residential Real Estate Closings