What happens when my property sells?
Clickbait: “Sell My Home Today? Here’s Exactly What Happens Next — No Confusion, No Delay.”
Quick, direct answer
When your property sells, ownership transfers from you to the buyer through a series of legal and practical steps. Expect an offer, negotiations, condition removals, closing paperwork, money changes hands, and keys exchanged on possession day. This is the complete, straightforward home sale process.
Step-by-step home sale timeline
- Offer accepted — Buyer signs an offer and gives a deposit. That locks terms: price, closing date, and any conditions (inspection, financing).
- Conditions period — Buyer completes inspections, secures mortgage, and removes conditions. Sellers should provide access and documents promptly.
- Lawyer / Notary step — Both sides hire a real estate lawyer or notary to prepare closing paperwork, title search, and calculate adjustments (taxes, utilities).
- Final preparations — Buyer completes financing, seller prepares for move, and both confirm closing funds. The buyer may do a final walk-through 24–48 hours before closing.
- Closing day — Legal documents signed, mortgage funds transferred, seller pays off any mortgages, closing costs settled. Title transfers to buyer.
- Possession day — Keys handed to buyer. Sale is complete.
What buyers expect
- A home that matches the listed condition.
- Clear disclosure of known issues.
- On-time closing and access for inspections and walk-through.
- Clean handover with functioning systems (heat, water, electrical).
What sellers should expect
- Inspections and potential requests for repairs or price adjustments.
- A conditional period where the sale can fall through if financing or inspection fails.
- Closing costs: agent commissions, legal fees, any outstanding property taxes or adjustments.
- Final signing with your lawyer to release title and receive proceeds.
Common costs and timing
- Typical timeline: 30–90 days from accepted offer to closing, depending on financing and conditions.
- Costs to plan for: agent commission (negotiable), lawyer/notary fees, mortgage discharge fees, moving costs, and any agreed repairs.
Actionable steps to avoid delays
- Respond quickly to buyer requests and show up for scheduled inspections.
- Clear documents early: title info, utility accounts, warranty papers.
- Confirm payout figures with your lender before closing.
- Keep the home accessible and clean for final walk-through.
Final checklist before possession
- Confirm closing date and time with your lawyer.
- Remove personal items and leave agreed fixtures.
- Take meter readings and cancel/transfer utilities.
- Bring photo ID and any required documents to signing.
If you want a smooth, fast sale with no surprises, choose an experienced local agent who manages each step precisely. I handle timelines, paperwork, and negotiation so you get the proceeds on time and move out without hassle.
Contact for a no-nonsense consultation: Tony Sousa — tony@sousasells.ca | 416-477-2620 | https://www.sousasells.ca
