Fire insurance for your residence should only be cancelled after registration of the Transfer of Title and receipt of the sale proceeds.
If you have a Surveyor’s Certificate and are required to supply a copy to the purchaser, please forward it to us as soon as possible. Often, your purchaser’s mortgage company requires a copy of the Certificate before advancing funds.
If you presently have a mortgage on your property and are making automatic withdrawal payments, be sure to cancel future payments after having made the last planned payment.
Please ensure that all meters are read and telephones disconnected effective possession date. Provide all utility companies with your new address so they can send you their final Statement of Account. Our Statement of Adjustments does not include adjustments for utilities.
If the current year’s taxes are known, the tax adjustment will be based on the actual taxes for the year. If unknown, the tax adjustment will be based on an estimate. If you are enrolled in the City of Weyburn Tax
instalment plan, then notify the City that you are selling the property and wish to cancel future payments.
If you are selling your house and purchasing a new property on the same date or before, the monies from your sale may not be released to you until after your new possession date. You should speak to your lawyer to see if interim financing will be required in order to obtain possession of your new property without delay.
If your purchaser is assuming your mortgage, ensure that you make arrangements with your mortgagee, in writing, to be released from any personal covenant to make the mortgage payments. If other people have guaranteed your mortgage or are named as co covenanters, ensure that they are released, in writing, by your mortgagee, before your purchaser assumes your mortgage.
This law firm will provide you with a Statement of Adjustments, which is an accounting of any adjustments made to the purchase price (ie tax adjustment). Please read it very carefully to verify its accuracy.
If you have a Saskatchewan Home Improvement Loan, it must be paid out. If a Caveat has been filed against your property, it will be necessary for our office to attend to payment of the loan and discharge of the Caveat. If a Caveat has not been filed, please ensure that you advise our office as to the existence of the loan and its approximate amount.
As soon as we have your transfer documents ready, we will be in touch with you. If you are leaving the city prior to possession date, contact us to complete these documents earlier to avoid the extra costs and delays of couriering documents to you.
Please confirm your new address and telephone number with us as soon as possible. Make sure that you have also advised the following of your change of address: banks, credit card companies, newspaper, utility companies, relatives and friends and all other important people and organizations. Do not assume that your purchaser will redirect your mail.
Your real estate agent should be given all keys to your property as soon as you no longer require them. If you wish, you may label the keys for your purchaser. Any warranty books relating to furnace, water softener, electric air filter, air conditioner, central vacuum, hot water heater, and any other appliances that are staying with the property, may be left inside the house for the purchaser.
It may be impossible to remove all of your belongings before possession date. If so, then please notify your realtor and make arrangements with the purchaser to store these articles either in the house or garage. Remember that the purchaser is entitled to vacant possession of the house and that means, unless otherwise agreed, the purchaser is not required to store any of your belongings.
