Top 3 Things to Prepare for Presale Closing

✅ FINAL MORTGAGE APPROVAL
Even if you were pre-approved months or years ago, you’’ll need to requalify with updated documents—employment letter, pay stubs, recent bank statements, and credit check—especially if the closing is within 30–90 days.

📄 LEGAL REPRESENTATION
Ensure you’ve hired a real estate lawyer or notary. The developer will send closing documents directly to you, so it’s crucial you’re on standby to review everything and complete the final signing.

💰 CLOSING FUNDS READY TO GO
You should have your down payment and closing costs (property transfer tax, legal fees, adjustments, etc.) easily accessible.

Pro tip: the funds should be in a Canadian bank account at least 30 days prior to closing to avoid delays with wire transfers or bank holds.

What does this mean for you?
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