What To Expect at Closing
Completing the Purchase of Your Pre-Sale Condo at Harbourview District
Nanaimo, February 13, 2024 –
As you approach the completion of your purchase at Harbourview District, it’s natural to feel a mix of excitement and nervousness. The process is quite similar to when you signed your pre-sale contract, though it can seem overwhelming. Here’s a brief guide to help you understand what to expect and how to prepare for this final stage:
Finalizing Your Move-In
When you first signed your pre-sale contract, you received an estimated completion date. As construction progresses, this date may shift, but rest assured, you’ll receive a formal completion date from the developer in a letter. This letter will also invite you to a new home walkthrough, where you can inspect your new home, note any issues for the developer to address, and provide your lawyer’s or notary’s details to facilitate the completion.
Mortgage and Legal Preparations
Before completion, ensure your mortgage pre-approval is in place. Once you receive your ‘Notice of Completion,’ inform your Mortgage Broker to finalize your financial documents. An appraisal of your new home might take place during your walkthrough, or it could be based on information from MLS and the sales center.
You should also touch base with your lawyer or notary well in advance. They will receive the ‘Notice of Completion’ and will need to meet with you to finalize the Statement of Adjustments, which confirms the final figures of the sale.
Coordinating Your Move
The developer will stagger move-in dates to prevent chaos and ensure a smooth process for all homeowners. It’s crucial to coordinate with the developer and your movers to arrange a convenient move-in time and to schedule the elevator.
Checklist for a Smooth Completion
- Provide your lawyer/notary information to the developer.
- Schedule your homeowner walkthrough.
- Finalize financing with your mortgage broker.
- Settle final numbers with your lawyer/notary.
- Book the elevator for moving day.
As the Harbourview District grows, we’re here to support you every step of the way. For any questions or further advice on completing your pre-sale purchase, feel free to reach out to us. We’re committed to ensuring that your transition into your new home is as seamless and joyful as possible.
