Pre-completion Checklist


Here’s what you can expect between the time the contract is accepted and subject-free and the time the transaction completes:

UPON ACCEPTANCE OF SUBJECT-FREE OFFER:

  • Deposit cheque given to Buyer’s agent for deposit in trust account
  • Buyer’s Agent delivers Contract of Purchase & Sale to Buyer & Seller
  • Buyer & Seller choose conveyancer/lawyer/notary public to handle preparation of transfer and/or mortgage documents
  • Prudential Conveyancing Department will forward fully-accepted Contract of Purchase & Sale to the conveyancer
  • Buyer to arrange transition of:
    • BC Hydro
      (800-224-9376)
    • Fortis Gas
      (604-576-7000 or 888-224-2710)
    • Shaw Cable (TV &/or High-Speed Internet)
      (604-280-8858) 
       
    • Telus (Phone &/or High-Speed Internet)
      (604-310-2255)

    1 WEEK PRIOR TO COMPLETION:

    • Client to make appointment with his/her chosen conveyancer to execute the required transfer and/or mortgage documents
    • Conveyancer will advise buyer of exact amount of funds required for closing (purchase price, adjustments, property transfer tax) and will advise seller of the amount to be received

    COMPLETION DAY:

    • Transfer documents registered at Land Title office
    • Respective lawyers will call their clients to advise of registration number
    • Prudential Conveyancing will be advised of registration number to evidence successful closing
    • Excess deposit cheque will be issued to the sellers by the buyer’s real estate company or the buyer’s conveyancer (an amount equal to the amount of the buyer’s deposit less the realtor’s commission + HST). If issued by the buyer’s real estate company, this may take up to a few days to receive, depending on the company’s procedures.
    • Cheque for interest, if any, on the buyer’s term deposit will be issued to the buyer

    POSSESSION DAY:

    • Buyer will receive keys at noon through their agent (or at another agreed to time).