Conditions come off first, usually within one to two weeks, once the buyer's lender confirms financing and any home inspection, typically $400 to $600, comes back without a deal-breaking issue. Once conditions are removed in writing, the deal is considered firm.
The lawyers then take over. The buyer's lawyer searches title through ISC, prepares the mortgage documents, and coordinates with the seller's lawyer on the property tax adjustment, the payout of the seller's existing mortgage, and the exact funds due on possession day.
Joel Dyck keeps sellers ahead of each of those steps so nothing catches them off guard before possession. Get your hand-reviewed valuation from Joel Dyck.