Residential Real Estate: Sales
Selling should be the simple half of the transaction, and with the right lawyer it is. We handle your sale from agreement review through to the discharge of your mortgage and the release of your net proceeds.
Contract Review & Requisition Defense
We review your Agreement of Purchase and Sale, flag terms that expose you (unrealistic closing dates, broad representations and warranties, chattels you did not intend to include, uncertain HST treatment), and confirm your obligations before the buyer’s requisition deadline arrives.
We respond to the buyer lawyer’s requisitions on title, resolve outstanding issues such as old mortgages, liens, executions, unregistered spousal interests, survey and encroachment concerns, and open permits, and obtain the statements and payout figures needed to clear title on closing.
Residential Sale Services
APS Risk Analysis
Reviewing agreement terms to protect against unrealistic dates, unintended chattels, broad warranties, and HST issues.
Requisition Responses
Responding to buyer title requisitions and clearing liens, executions, old mortgages, and unregistered spousal interests.
Surveys & Permits Resolution
Resolving property survey boundaries, encroachment issues, open municipal building permits, and work orders.
Mortgage Discharge & Penalty
Ordering official lender payout statements, calculating prepayment penalties, and arranging complete title discharge.
Statement of Adjustments
Calculating property tax, utility fees, condo status arrears, and preparing exact net payout statements.
Sale & Purchase Coordination
Synchronizing sale proceeds and timing when buying and selling properties on the exact same day.
4 Steps to Closing Your Sale
Agreement & Risk Assessment
Reviewing the signed contract, clarifying included chattels, confirming HST treatment, and verifying closing timelines.
Clearing Requisitions & Title
Answering buyer requisitions, clearing old encumbrances, obtaining mortgage payout statements, and resolving open permits.
Financial Adjustments
Adjusting property taxes, utilities, and condo fees while calculating exact net closing proceeds owed to you.
Closing & Funds Release
Receiving purchase funds, discharging existing mortgages, and releasing net proceeds via direct deposit or certified funds.
Financial Settlement & Same-Day Funds Release
We order mortgage discharge statements, calculate prepayment penalties where they apply, handle property tax and utility adjustments, deal with condominium status and common expense arrears, and prepare a statement of adjustments showing exactly what you will receive.
On closing we register the discharge, confirm receipt of the purchase funds, pay out your lender and any liens, and release your net proceeds by certified funds or direct deposit the same day wherever possible. If you are selling and buying on the same day, we coordinate both files so the two transactions dovetail.
- Mortgage & Lien Settlement: Direct handling of lender payouts, penalty calculations, and official discharge registration.
- Precise Tax & Utility Adjustments: Accounting for prepaid property taxes, fuel, and condominium common expenses.
- Fast Proceeds Release: Same-day release of net sale proceeds via direct deposit or certified bank draft.
- Dual-Transaction Synchronization: Seamless coordination when selling your current home and purchasing a new one concurrently.
Frequently Asked Questions
When will I receive the net proceeds from my property sale?
On closing day, once the buyer’s lawyer transfers funds and the deed registration is completed, we pay off existing mortgages and liens. Remaining net proceeds are released to you by direct deposit or certified cheque on the same day wherever possible.
How are mortgage discharge penalties and adjustments calculated?
We order an official payout statement directly from your financial institution detailing the remaining principal balance, accrued interest, and any prepayment penalties. We also calculate prepaid property taxes or utility fees on the Statement of Adjustments.
What happens if I am buying and selling a home on the exact same day?
We synchronize both transaction files so that incoming funds from your sale are applied directly toward the completion of your new purchase, ensuring a seamless financial bridge between both closings.
Ready to Sell Your Home with Confidence?
Contact our experienced real estate legal team to handle your agreement review, resolve title requisitions, and secure your net sale proceeds.