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September 7, 2025

Real Estate Closings: What to Expect

Buying or selling property? Here’s what happens during a real estate closing and how legal support makes all the difference.

A real estate closing is the final step in transferring property ownership — but it’s more than just signing papers. Whether it’s a home or a commercial space, closing involves critical legal and financial processes that need to be handled with care. That’s where your real estate lawyer comes in.

What Happens in a Real Estate Closing?

At closing, the buyer pays the purchase price, the seller transfers the title, and both parties sign the necessary documents. But before that moment, there’s a long checklist to complete, including:

  • Reviewing and finalizing the purchase agreement
  • Conducting a title search to ensure the property is free of legal issues
  • Preparing legal documents such as the deed and statement of adjustments
  • Handling fund transfers through a trust account
  • Registering the new ownership with the land registry

Why You Need a Lawyer

Your lawyer acts as your legal safeguard. Here’s how:

  • Protecting Your Rights: We make sure contracts reflect your interests and are legally sound.
  • Managing Funds Securely: Funds are handled through a trust account to prevent fraud or errors.
  • Avoiding Delays: We coordinate with lenders, realtors, and government offices to meet your timeline.
  • Ensuring Compliance: Every step follows provincial laws and municipal regulations.

Residential vs. Commercial Closings

While the core process is similar, commercial closings often involve:

  • More complex financing arrangements
  • Lease reviews (if tenants are involved)
  • Zoning and land-use considerations
  • Environmental and fire code compliance

Because of this added complexity, having legal support is essential.

The Bottom Line

Real estate transactions involve large investments and significant legal obligations. With the right legal team by your side, you can close with confidence, knowing that every detail has been handled professionally and thoroughly.

Have questions about your upcoming closing? Contact our office today — we’re here to guide you every step of the way.