What Documents will I be asked to sign when purchasing a home?

When purchasing a home there are a number of documents that you will be asked to sign

Here is a summary:

Working With a Realtor

Your realtor will ask you to sign an acknowledgement that "Agency Representation" has been explained to you

Buyer Representation Agreement

Your Realtor will explain this fully, and should you choose to have full representation as a buyer client, you will sign this document.

Fintrac Forms

These government forms are related to Financial Tracking and Money Laundering. These have been put in place to protect you, the Buyer from Mortgage and Identity Fraud. It requires identification (driver's licence, birth certificate etc.) information to be recorded as well as limited financial information when collecting The Deposit Cheque.


Mortgage Pre-Approval and Approval

Getting a pre-approval letter from your lender lets you know what price range you can shop in. It can also be helpful in an offer situation to let the Vendor know that you have had that pre-approval. Ask your lendor to do a full approval including a credit check. Once your conditional offer has been accepted, you must take the offer details to your lender for them to give final approval on your purchase.

Agreement of Purchase and Sale

The Offer! Your realtor will explain all the documents required and provide information to help you make informed decisions as you make your way through the process.

Removal of Conditions

These may be Waivers, or Notices of Fulfillment of Conditions: the removal of conditions makes your offer a "Firm and Binding" Contract.

Final Closing Documents

Once you have met or removed all conditions and the offer is firm, it is advisable to contact your lawyer to let them know that you have purchased a home and let them know the closing date. Your Realtor may be forwarding all paperwork onto your lawyer, but it is a good idea to touch base with him/her. Normally you will not have to see your lawyer until approximately a week prior to your close date, but it would be prudent to call and make that appointment ahead of time. At that time you will be signing all the documentaion needed to transfer ownership.    

When Buying or Selling a home contact Mary at 905 399-7771










Mary O'Brien
Sales Representative
Phone: 905 845-9180  |  Fax 905 845-767
Email: maryobrienc21@cogeco.ca
Website: www.century21.ca/mary.obrien





Mary O'Brien

Mary O'Brien

Sales Representative
CENTURY 21 Miller Real Estate Ltd., Brokerage*
Contact Me

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