Closing day is an exciting time. After all, you’re moving into your new home! However, it can be stressful as well. The last thing you need is to be confronted with something you don’t understand. So here is a quick list of common “closing day” terms.

 

  • Disbursements. This is the allocation of funds to the appropiate parties, such as the seller.  Your lawyer will take care of this for you.
  • Possession. This is the moment on closing day or a few days after when you are legally able to take possession of your new home. It's usually when your REALTOR® will hand you the keys.
  • Title. This is a legal document that identifies the property and its owner.
  • Closing Costs. These are expenses, exluding the selling cost of the property, that are due on closing day, such as legal fees, reimbursement for pre-paid utilties, utility deposits, insurance, and taxes.
  • Closing Adjustments. These are expenses pre-paid by the seller that need to be reimbursed on closing.
There may be other terms you come across on closing day as well. Don’t worry, a good REALTOR® can help make the day go smoothly for you and your family.
 
Looking for a good REALTOR®? Call today
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I have sold a property at B 33871 Marshall RD in Abbotsford.
Marshall Heights. Spacious and beautifully maintained 2 storey with basement town home in a small 6 unit complex. This unit features 3 bedrooms, 2.5 baths, large master bedroom with ensuite and private enclosed deck, open kitchen with potlights and stainless steel appliances, laminate flooring on main, new carpeting upstairs, upgraded furnace, fully fenced private flat backyard with good size patio. Lots of storage space. Low maintenance fee. Located at the back of the complex. Shows great!!
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I have sold a property at 4686 Wilson in Yarrow.
Yarrow living opportunity! Wonderful 4+ bedroom family home where you can watch your children walk to school. There's room to play and grow in this 2440 sq ft split level home sitting on .21 acre lot on a quiet no thru street. Many upgrades include new exterior stucco, high efficiency furnace & new HWT. Lots of painting & updated flooring has been done throughout. Spacious rooms, a lovely covered deck & a bright kitchen with lots of cabinets that overlooks the fenced back yard that's ready for your garden and has peaceful mountain views. Last but not least, a huge double garage that has lots of storage and a workshop. Perfect setup for country living ~ at its best:)
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I have sold a property at 45069 Mountview WAY in Sardis.
Rancher in Sardis! Nice quiet street, 3 bedroom, 2 piece ensuite. Nice big kitchen with new floor looking out to charming private back garden, 12 x 25 shed with new roof. Wood fireplace in roomy living room. Solidwell cared for home. Easy access to all amenities and freeway. Sand point well for watering garden. Solarium & hot tub gazebo, this is a rare gem. Double garage. New roof on home and shed. This home will be snapped up in a hurry!
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I have sold a property at 32932 1st AVE in Mission.
Excellent condition, nice open plan kitchen opens to deck through french doors, 3 good sized bedrooms up. 1 bedroom plus den bsmt suite, opens to a private deck with a Mount Baker View. 7 mins walk to commuter train. Bright fresh turn-keyready to move in.
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I have listed a new property at 319 32833 LANDEAU PL in Abbotsford.
PARK PLACE - Every once in awhile you see a condo that is like no others. This top floor corner suite has been meticulously renovated from corner to corner including hardwood & tile floors, paint, mouldings, lights and electricalfixtures. Kitchen has new backsplash, granite counters, high end faucet & sink, pull-out drawers. Updated baths with counters, sinks, taps, floors & fixtures. Enclosed balcony has new screens & pull down sunblock shades. The list is 5 pages long! Excellent central location in a well run building with all the amenities you could possible want. Ages 55+, no pets or rentals. Put this on your listing and see it now!
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I have listed a new property at 43 33922 KING RD in Abbotsford.
KINGSVIEW ESTATES -End unit, rancher style townhouse with a full finished basement. Very well maintained complex that is gated for added security. Single garage plus parking for another car at your front door. This unit has been extensivelyupdated with a huge ensuite with a jetted tub & shower, new High Efficiency furnace & A/C, wet bar, laminate flooring, skylight in the dining room and 30' of kitchen counters & cabinets. Very clean and freshly painted makes this a move in ready home for those 45+.
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I have listed a new property at 84 32718 GARIBALDI DR in Abbotsford.
FIRCREST ESTATES - Top floor end unit with windows to the North, East and South. Very spacious rooms including a nice family room off the kitchen. This is one of the largest in the area with 2 bedrooms & 2 bathrooms + a walk-in closet & laundry/storage. There are 2 sundecks, one is enclosed and the other has an extended roof for rainy day enjoyment. Stairway chair is included. This complex is for those 55+, sorry no pets or rentals. Well run complex with healthy financials. Central clubhouse has a nice recreation center, storage lockers and a workshop. The maintenance fee includes heat, hotwater and electricity. Easy walk to shopping and grocery stores. Move in with confidence.
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I have listed a new property at 2348 BEDFORD PL in Abbotsford.
Something Special - This near new house is the perfect answer to the need for a very nice place in a central location without the renovation hassles. Live close to the center of it all, but on a quiet cul de sac with other newer homes. Open concept main floor with soaring vaulted ceilings, island kitchen with eating bar, granite counters, stainless steel appliances, gas fireplace and a den/flex area for the kids to play. Convenient main floor laundry. The master suite is private and features a walk-in closet, spacious ensuite with shower, soaker tub and His and Hers sinks. Flat fenced yard is accessed directly from the kitchen onto a 12' x 25' patio, the perfect place for a BBQ with friends and family.
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If you’re relaxing on a Caribbean beach, or enjoying a bus tour through historic Paris, the last thing you want to worry about is your home. Most people know the basics of keeping a home secure while away.
 
Here are some additional tips that are easy to miss:
 
• Tell your kids not to boast about your fabulous vacation plans,
especially on social media. The fewer who know that the house will
be empty, the better.
• Ask a neighbour to pick up any mail and flyers dropped at your doorstep. But don’t rely on that alone. Also call the newspaper and
post office to temporarily halt delivery.
• You can buy timers to automatically turn lights on and off. However,
most will stop working if the power goes out and restart with
the incorrect time when the power comes back on. That’s why you
should keep at least a couple of lights turned on continuously, and
not connected to timers.
• If you’re leaving in the evening, or before dawn, don’t forget to open
the blinds. Closed blinds during the day are a dead giveaway that the
owners are away.
 
Finally, experts recommend creating a home security checklist, so you don’t forget anything. That will give you peace of mind.
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Article Courtesy: The National Post

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