Now that you have made an offer on your new home, the offer has been accepted, and the mortgage conditions have all been met, the deal gets closed through your solicitor.

After the lender has all conditions satisfied, they will send mortgage instructions to the solicitor enough in advance that he or she can do their legal work. Sometimes the lender has a list of solicitors that they will request you to work with, mostly because they have worked with that solicitor before and the title searching and registration of the mortgage is something that is in their interest. Your mortgage specialist will have a list of solicitors for you to choose from that the lender has approved if this is the case.

The solicitor will take care of title searches, deeds, pay land transfer tax, and a few other things that the lender requires done before the closing date of your mortgage and purchase. The solicitor will ensure that all of these things are done prior to the closing of the sale and mortgage financing.

Also, it is important to remember that you have at least 2% of the total purchase price of the property to cover your legal fees and closing cost. When you go to the solicitor's office, you will be required to sign endless amounts of paper work. Don't be intimidated; just ask if you don't understand something before signing. You will also be expected to bring in the balance of your down payment on or before the day of closing in the form of a certified cheque payable to the law firm "In Trust".

After you have given your cheque and signed all the necessary documents, the solicitor will make finalize the deal and upon closing of the deal will give you your set of keys. You will then receive a couple months later supporting documents from the solicitor including the deed and mortgage.

Please do yourself a favour in selecting a lawyer. Call around and speak with them to find out if they have time to work on your behalf. Be sure to find out if they specialize in real estate law as well. Find out their fees. Find out what costs are included in their fees. Do not select a lawyer based on price, as they have a very important job to do and sometimes you get what you pay for.

1. Get pre-approved
2. Find a Realtor
3. Negotiate the best deal for that particular home
4. Turn the Pre-approval into a Firm Deal
5. Meeting all of the conditions and waiving of conditions
6. Closing the Deal




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