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Closing day is an exciting time. After all, you’re moving into your new home! However, it can be stressful as well. The last thing you need is to be confronted with something you don’t understand. So here is a quick list of common “closing day” terms.

 

  • Disbursements. This is the allocation of funds to the appropiate parties, such as the seller.  Your lawyer will take care of this for you.
  • Possession. This is the moment on closing day or a few days after when you are legally able to take possession of your new home. It's usually when your REALTOR® will hand you the keys.
  • Title. This is a legal document that identifies the property and its owner.
  • Closing Costs. These are expenses, exluding the selling cost of the property, that are due on closing day, such as legal fees, reimbursement for pre-paid utilties, utility deposits, insurance, and taxes.
  • Closing Adjustments. These are expenses pre-paid by the seller that need to be reimbursed on closing.
There may be other terms you come across on closing day as well. Don’t worry, a good REALTOR® can help make the day go smoothly for you and your family.
 
Looking for a good REALTOR®? Call today
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I have sold a property at 319 32833 Landeau PL in Abbotsford.
PARK PLACE - Every once in awhile you see a condo that is like no others. This top floor corner suite has been meticulously renovated from corner to corner including hardwood & tile floors, paint, mouldings, lights and electricalfixtures. Kitchen has new backsplash, granite counters, high end faucet & sink, pull-out drawers. Updated baths with counters, sinks, taps, floors & fixtures. Enclosed balcony has new screens & pull down sunblock shades. The list is 5 pages long! Excellent central location in a well run building with all the amenities you could possible want. Ages 55+, no pets or rentals. Put this on your listing and see it now!
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I have listed a new property at 102 2700 McCallum in Abbotsford.
THE SEASONS - This is a main floor suite in the best location facing east. These units are fully rentable and allow pets. The location is quiet yet close to downtown Abbotsford with all the new and unique shops and restaurants. Lush landscaping enhanced by a courtyard fountain and extensive outdoor spaces. Bus service is less than a block away. Storage in on the same floor as the suite and there are 2 parking spaces that go with this suite. The perfect starter, investment or retirement condo. This is not just a place to live; this is a home to be proud of.
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I have sold a property at 119 30515 Cardinal AVE in Abbotsford.
Beautiful, barely lived in Showhome! This stunning 1 bedroom plus den garden apartment is truly stunning with gorgeous granite counters, hardwood floors, Kohler fixtures and two parking spots. Open concept, large kitchen is perfect for entertaining. This suite is immaculate and has loads of upgrades. Call now to arrange your showing.
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I have sold a property at 2348 Bedford PL N in Abbotsford.
Something Special - This near new house is the perfect answer to the need for a very nice place in a central location without the renovation hassles. Live close to the center of it all, but on a quiet cul de sac with other newer homes. Open concept main floor with soaring vaulted ceilings, island kitchen with eating bar, granite counters, stainless steel appliances, gas fireplace and a den/flex area for the kids to play. Convenient main floor laundry. The master suite is private and features a walk-in closet, spacious ensuite with shower, soaker tub and His and Hers sinks. Flat fenced yard is accessed directly from the kitchen onto a 12' x 25' patio, the perfect place for a BBQ with friends and family.
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I have listed a new property at 43 33922 King RD in Abbotsford.
KINGSVIEW ESTATES - End unit, rancher style townhouse with a full finished basement. Very well maintained complex that is gated for added security. Single garage plus parking for another car at your front door. This unit has been extensively updated with a huge ensuite with a jetted tub + shower, new High Efficiency furnace & A/C, wet bar, laminate flooring, skylight in the dining room and 30' of kitchen counters & cabinets. Very clean and freshly painted makes this a move in ready home for those 45+.
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I have listed a new property at LT2 Sabo RD in Mission.
STEELHEAD ACREAGE - 9.48 acres of partially treed land with about 4-5 acres cleared. Seller has surveyed for a driveway and is currently working on the engineering aspect. The driveway will be through the treed area to a plateau with a view of the surrounding hills and valleys. This property borders on a small lake and wet land shared with the property to the north. There is a possibility to rezone to RU16 to allow for dividing into 4 acre minimum lot size. Located near the end of Sabo Road which is on the West Side of Mission District. Get out and enjoy nature!!
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I have listed a new property at 431 Arnold RD in Abbotsford.
Get Out Of Town! - Rarely available level 7 acre bare land parcel in the East Abbotsford area of Arnold, a small community of hobby farms and smaller properties. City water, gas, power, cable and telephone available at the road. Land iscurrently used for growing fruit and vegetable crops and there is no long term lease or rental in place. If you have a dream of living out in the country and are looking for a great place to build and put down roots, this is the location for you.
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I have listed a new property at 13594 Sabo RD in Mission.
Dream property with huge appeal and privacy. Set at the end of a no thru road bordering on the Mission Tree Farm on the West Side of Mission. Zoning is RU36 which allows for lots of 8.9 acres. As you enter the front gates your eyes are drawn to the small trout lake with an island. As you cross the bridge you see the impressive log home, log guest cabin & log workshop/carport with studio above. Main house was built in 1981, remodeled in 2004 and again in 2009 with a 600 sq.ft. great room addition, total new kitchen, 190 sq.ft. loft, outside decking, patios, water features, lighting & rock walls. The features and specs of this house are lengthy. Prepare to be impressed!
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I have listed a new property at 319 32833 Landeau PL in Abbotsford.
PARK PLACE - Every once in awhile you see a condo that is like no others. This top floor corner suite has been meticulously renovated from corner to corner including hardwood & tile floors, paint, mouldings, lights and electricalfixtures. Kitchen has new backsplash, granite counters, high end faucet & sink, pull-out drawers. Updated baths with counters, sinks, taps, floors & fixtures. Enclosed balcony has new screens & pull down sunblock shades. The list is 5 pages long! Excellent central location in a well run building with all the amenities you could possible want. Ages 55+, no pets or rentals. Put this on your listing and see it now!
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