You Found Your New Home What Is Next?
YOU FOUND YOUR NEW HOME ... WHAT IS NEXT?
Just because you’ve found your new home doesn’t mean you’re all done! There is a lot left to do before moving day. Here is a list to help you stay organized:
What happens next?
7-10 days before your possession date your lawyer should contact you to meet and sign the final documents related to the sale of your home (you will receive an email reminder from us as well). At this time you will need to bring the remainder of your down payment (if applicable), any property taxes that were pre-paid by the seller, the lawyer’s fees, etc. – ask your lawyer for details.
1 week before your possession date we will be in touch with your lawyer, as well as the day before, to make sure everything is on track to an ‘on-time’ closing. We will contact you at this time and update you, and arrange a time to meet you to give you your keys.
Possession day: If all goes according to plan your lender will have sent the money to your lawyer, and your lawyer will send the total amount owing to the seller’s lawyer. When the seller’s lawyer confirms they’ve received all the necessary funds they will release the keys. This all should happen by noon on possession day, but there are often delays. Usually it happens somewhere between 12 noon and 5pm. As soon as we know the keys are released, we will be in touch with you and will arrange to meet you at the home.
Things to take care of before possession day:
Home Insurance – you must have your home insurance in place before you take possession of your home. If you don’t have insurance your lender will not release the funds for your mortgage and you won’t be able to take possession – this could mean extra fees and other complications. If you haven’t already got your home insurance in place, get on it asap. Keep in mind you can often get a discount on home insurance from your existing insurance provider (such as car insurance).
Moving Boxes – you can often find used moving boxes for sale on sites such as Kijiji or Craigslist or in the classifieds. U-Haul has a free moving boxes exchange site at http://www.uhaul.com/boards/ShowForum.aspx?ForumID=22 where you may be able to find used boxes for free. Liquor stores and grocery stores are also great places to look for sturdy boxes.
Oh, and If moving to/from a condominium, confirm elevator access and moving protocols, and do not forget to arrange for care of pets on moving day
Movers – if you are hiring movers do NOT plan on having them arrive at your new home at noon on possession day. This pretty much guarantees that your closing will be late (Murphy’s law). It is best to have the movers come on the day after possession, or at the earliest 2-3 pm on possession day. Movers do not like to wait around for you to get your keys – we’ve seen everything from trucks unloaded onto the front lawn to huge extra charges on your moving bill.
Utilities – gas and electricity should be arranged to be switched to your name for possession day. This should ensure there is no disruption of service. Phone, cable/satellite and internet should not be arranged for possession day though because they usually require a service call to be hooked up – if the service person arrives before your keys are released you will have to arrange for service another day which can take weeks.
Change mailing address - Canada Post 1-866-607-6301 http://www.canadapost.ca/ (It is a good idea to have your mail forwarded by the post office for a period of time after moving to ensure you receive your mail) Banks, Insurance companies (health, home, auto, health care etc.), Medical and dental care providers, Driver’s license (go to registry office), Charge accounts, Subscriptions and charitable organizations, Lawn care / snow removal services, Professional organizations and personal clubs you belong to, etc...And remember to change the address in your passport
Move – in Prep – if you’d like to have your new home professionally cleaned or painted we can recommend service providers to do this for you. Just ask! If you have any questions don’t hesitate to call or e-mail us, we’re happy to help!