Selling Property

How does the selling process work?

Please follow this link for a detailed step-by-step guide to the selling process: Sale Closing.

What information does Fletcher Barrow need to close my sale?

Typically, we will require:

• Government-issued photo ID,
• Mortgage statement (if applicable),
• Property tax bill,
• Any rental contracts for items like furnaces or hot water heaters,
• Your void cheque or direct deposit information for transfer of sale proceeds.

What are the costs involved in selling my property?

Closing costs are generally comprised of:

• Legal Fees (quoted upfront),
• Disbursements, such as title search fees, governmental registration fees, and Law Society levies,
• Mortgage discharge fees charged by your existing lender (if you have a mortgage).

For a personalized, transparent quote, please click here: Get Quote.

What happens if issues arise during the sale?

Our experienced legal team is prepared to address and resolve common issues such as title defects, mortgage payout discrepancies, or last-minute closing adjustments.
We will work closely with you, your realtor, and other professionals to ensure your sale closes smoothly.

When will I receive the proceeds from my sale?

You will usually receive the net sale proceeds on the day of closing or, in some cases, by the next business day via direct deposit into your designated bank account.

What happens to my mortgage when I sell?

If you have an existing mortgage on the property, we will:

• Obtain a payout statement from your lender,
• Pay the balance directly to the lender on closing day,
• Discharge the mortgage from the title of your property after closing.

Do I need to be present on closing day?

No.
With Fletcher Barrow’s virtual signing services, you can sign all required documents remotely ahead of your closing date.
Our office will handle the closing logistics on your behalf.

What if I am selling a property as an Estate Trustee?

If you are acting as an Estate Trustee or Executor, additional documentation will be needed, such as:

• The original Certificate of Appointment of Estate Trustee (formerly called “Probate”),
• Identification documents for all Trustees.

We can guide you through any additional steps required for estate-related sales.

What if there are tenants in the property I am selling?

If your property is tenanted, it’s essential to disclose this in your Agreement of Purchase and Sale.
We can assist with:

• Reviewing lease agreements,
• Advising on the buyer’s assumption of existing leases,
• Preparing any necessary Notices to Vacate (if applicable).

Will you notify the utility companies that I have sold the property?

No, it remains the seller’s responsibility to:

• Notify utility providers (gas, hydro, water),
• Cancel your homeowner’s insurance as of the closing date,
• Set up mail forwarding if necessary.

We recommend contacting utilities at least one week before closing.