Four Important Dates When Buying a Home
1 Seller’s Acceptance:
Every offer will specify a date and time the offer is “open” for consideration by the Seller.
2 Subject Removal:
Date by which you must sign an addendum confirming your subjects have been satisfied.
3 Completion Date:
Money transfers from your Lawyer/Notary to the Seller’s Lawyer/ Notary and title to the property is registered in your name at the Land Title’s Office. Your Lawyer/Notary will require you to sign documentation and provide any money owing a day or two ahead of this date
4 Possession Date:
This is the day you receive the keys and are allowed to move into the property. Possession is typically at noon on this day. This date is also the date used to calculate the adjustments of annual property taxes, condo fees, etc.