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io economist suntribune real estate saturday nov 23 2002 tour of homes unionville come see come sigh date saturday november 30th time 1 0 am to 4 pm tickets available at as mvm- closing a real estate deal what to expect ns rrmm queens pantry- varley gallery main st kates garden mccowan hwy 7 30 each map included total of 8 homes call 9054757674 mm 3 sylvia houghton sales representative 905 9479300 open house sunday 24 pm 256 blair rd stouffvblle lower level inlaw or income i ng round heated pool pieshaped private lot great neighbours gift terry neprily sales representative 9056403131 rem allstars realty inc 4 doner st gormley 37 ravencrest georgina town country realty in town worth it for the lot retirement or starter move in condi tion great future potential show me a better deal only 212500 call earl or al elson for more info 9056400888 john laue m associate broker your neighbourhood agent your neighbourhood agent in unionvillemarkham bus905 4770011 cell416 7166622 remrc allstars realty inc wth j f l 1 fstpi k buying a home is a very exciting event you and your realtor will probably have compared many homes before putting an offer on the one that is just right for you having your offer accepted does not mean the end of your real estate transac tion however there is still plenty of work that needs to be done in order to close the deal your realtor and your lawyer will take care of many of the requirements and will guide you through the process of closing closing is when the ownership of the prop erty is transferred from the seller to you and most times its also when you take possession of your home closing takes place once all the par ties in the transaction are satisfied that all the legal and financial obligations have been fulfilled you will be busy tak ing care of things like arranging financing home inspections insurance change of address and moving arrangements but the first item on your list will be to get a signed copy of the agreement of purchase and sale to your lawyer your lawyer will want to see the date you and the seller agreed upon to close as well as any conditions in the offer conditions in the offer need to be met on specific dates so its important that you begin satisfying them right away most lawyers wont start the closing process until all of the conditions have been satisfied and waived from the offer as each condi tion is met your realtor will have your sign a waiver remov ing the condition from the agreement your lawyer will then begin a title search on the property to be sure the seller has clear title and can transfer it to you with out a problem hydro gas and water compa nies will also be con tacted by your lawyer to ensure there are no outstanding claims for unpaid bills before these utilities are transferred to your name other tasks your lawyer will perform include gathering reports certificates and clearances from various government offices ensuring the property taxes are up- todate local zoning and building restric tions have been met and there are no out standing obligations or liens on personal property to be sold with the house in other words your lawyer will make sure you get what you agreed to buy finally your lawyer will review and verify the draft deed which is the document that transfers ownership from the seller to you and deal with any problems should they arise a day or two before closing you will meet with your lawyer to review and sign the closing docu ments you will be asked to provide a certified cheque to cover the costs involved on closing day both lawyers will exchange documents keys and cheques and your deed and mortgage will be registered at the local registry office if all goes according to plan you will be given the keys to your new home for more information about buying a home contact the ontario real estate association at 1-800- 563home for a free copy of how to buy your home or speak to your local realtor this article is provided by local realtors and the ontario real estate association orea for the benefit of consumers in the real estate market gnftjgc winpax realty inc 2001 masters hall of fame centurion award winner dennis just listed kcnncdyi6th monarch built del 2 slorcy 4 bedrooms hardwood floor undcrgound sprinkler interlocking prof finished bsmt only 45900000 chu sales representative experience exposure flexible commission wwwdennischunet wwwdennisctiucom 416 4908000 905 4707890 markham stoiiffetlle recz mtw published weekly by the markham economist sun a division of mctroland printing publishing and distributing ltd publisher ian proudfoot advertising director classified real estate events management gord paolucci managing director real estate mike rogerson distribution director barry black advertising writer rod urquhart advertisingmarketing sales representatives john macrae gail reeves