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Here’s what you can expect between the time the contract is accepted and subject-free and the time the transaction completes:

Upon Acceptance of Subject-Free Offer

  • Deposit cheque given to Buyer’s agent for deposit in trust account
  • Buyer’s Agent delivers Contract of Purchase & Sale to Buyer & Seller’s Agent
  • Buyer & Seller choose lawyer/notary public to handle preparation of transfer and/or mortgage documents
  • Royal LePage Sussex Conveyancing Department will forward fully-accepted Contract of Purchase & Sale to the lawyer/notary
  • Buyer to arrange transition of:
    • BC Hydro
    • Fortis BC
    • Shaw Cable (TV &/or High-Speed Internet)
    • Telus (Phone &/or High-Speed Internet)

1 Week Prior to Completion

  • Client to make appointment with their chosen lawyer/notary to execute the required transfer and/or mortgage documents
  • Lawyer/notary will advise buyer of exact amount of funds required for closing (purchase price, adjustments, property transfer tax) and will advise seller of the amount to be received

Completion Day

  • Transfer documents registered at Land Title office
  • Respective lawyer/notary will call their clients to advise of registration number
  • Prudential Conveyancing will be advised of registration number to evidence successful closing
  • Excess deposit cheque will be issued to the sellers by the buyer’s real estate company or the buyer’s lawyer/notary (an amount equal to the amount of the buyer’s deposit less the realtor’s commission + GST). If issued by the buyer’s real estate company, this may take up to a few days to receive, depending on the company’s procedures.
  • Cheque for interest, if any, on the buyer’s term deposit will be issued to the buyer

Possession Day

  • Buyer will receive keys at noon through their agent

Water Sprinkling Regulations

  • Sprinkling allowed between 4 – 9 a.m. only (Evening sprinkling is no longer allowed)
  • Even-numbered addresses: Monday, Wednesday & Saturday
  • Odd-numbered addresses: Tuesday, Thursday & Sunday

Garbage and Recycling Information

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