Real estateSelling a home in Ontario: from offer to closing
This is what happens between your accepted offer and closing day, and what I need from you at each stage.
1. Your offer is accepted
Send me the agreement of purchase and sale and any amendments as soon as the offer is accepted. Once the buyer’s conditions are waived or fulfilled, the sale is firm.
2. I open your file
I ask you for the details of every mortgage and secured line of credit on the property, your most recent property tax bill and, if you are selling a condominium, the status certificate if your realtor has not already ordered it. Tell me if anyone else is on title, or if your spouse lives in the home but is not on title. A spouse’s consent may be required under Ontario’s Family Law Act.
3. Mortgage payouts
I request payout statements from your lender. If you are ending a mortgage before the end of its term, ask your lender now about any prepayment charge, so the amount is not a surprise on closing.
4. The buyer’s requisitions
The buyer’s lawyer searches title and sends me requisitions. I answer them and deal with any issue that comes up, such as an old mortgage that was paid off but never discharged from title.
5. Signing
About a week before closing, you sign the transfer, the statement of adjustments and the closing documents, by video or in person. I give you a statement showing what you will receive after the mortgage payout, the real estate commission, the adjustments, and my fees and disbursements.
6. Closing day
The buyer’s lawyer sends me the purchase funds and the transfer is registered electronically. I pay out your mortgage and any commission still owing, and the keys are released to the buyer. Leave the home in the condition the agreement requires, with the chattels and fixtures it includes.
7. After closing
I send you the balance of the proceeds and a reporting letter, and I confirm when your lender has registered the discharge of your mortgage. Cancel your home insurance and utilities effective the day after closing, and not before.
Selling a home in an estate?
I act for estate trustees selling a home that belonged to the deceased, including while the certificate of appointment is still being obtained. See the estate trustee checklist.
Useful links
Selling in London or the surrounding area? Get a quote or call (226) 402-0823.
This page is general information about Ontario real estate law as of September 2026. It is not legal advice about your transaction.