Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

What slows down a closing, and how do I avoid delays?

Financing conditions are the single biggest source of closing delays in Saskatoon, followed closely by a title issue turning up late in the process. Avoiding both means getting a mortgage pre-approval before you make an offer and having your lawyer start the title search through Information Services Corporation the moment your offer is accepted, not the week before possession.

A condition of financing gives a buyer a set window to confirm the mortgage, and if the lender needs an updated appraisal or additional documents, that window can run out and push possession back. Sorting your financing and documents before you write an offer removes the biggest variable entirely.

On the legal side, a title search that turns up an old caveat, an unpaid utility charge or a boundary discrepancy needs to be resolved before possession, and that takes longer if the lawyer only starts looking a few days out. Most lawyers build this into the $800 to $1,500 legal fee for the file, but only if they have enough lead time to do it properly.

The transactions that close on schedule are almost always the ones where financing and title work started early, not the ones that got lucky. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

Still have a question?

Ask Joel directly. No form, no obligation, and a real answer even when the answer is that now is not the time to sell.