When do I pay my down payment?

The down payment or cash shortfall or amount due on closing is typically paid at the Lawyer Signing Meeting.  Our team will provide you with the details of the amount due including the downpayment and any other associated costs or adjustments and the specific method of payment.  Please review these details prior to the Lawyer Signing Meeting and seek clarification from our office if you have any questions or concerns.

It is important to ensure that you have access to the necessary funds prior to the Closing Date. You may need to liquidate or withdraw funds from investments to cover the down payment or cash shortfall. Being proactive and ensuring the availability of funds beforehand will help facilitate a smooth transaction.  We recommend contacting your financial institution or advisor well in advance to make any necessary arrangements for accessing the required funds. This will help avoid any last-minute complications or delays in making the payment on the Closing Date.

By ensuring that you have the necessary funds available and being prepared for the payment at the Lawyer Signing Meeting, you can help ensure a seamless closing process for your property purchase.

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Updated on August 24, 2023