Buying a Home in BC? Things to Check Before Completion

Buying a home is exciting, but before completion day, buyers should take a few important steps to ensure a smooth and stress-free experience.

1. Finalize Your Mortgage

Confirm your mortgage approval and ensure your lender has all the required documents. Avoid taking on new debt before completion.

2. Prepare Closing Costs

Keep your down payment and additional funds ready for legal fees, property tax adjustments, and applicable Property Transfer Tax.

3. Hire a Lawyer or Notary

Your legal professional will handle the property transfer, mortgage documents, and registration. Provide all requested paperwork on time.

4. Arrange Home Insurance

Set up home insurance before completion and confirm that coverage meets your lender's requirements.

5. Complete a Final Walkthrough

Check the property's condition, appliances, fixtures, and any agreed-upon repairs. Report concerns to your real estate professional promptly.

6. Set Up Utilities

Arrange electricity, gas, internet, and other essential services before moving in.

7. Know Your Important Dates

In BC, completion and possession are usually different dates. Completion involves the legal transfer, while possession is when you can occupy the property according to your contract.

8. Plan Your Move

Book movers, arrange strata elevator reservations if needed, and confirm when you can collect your keys.

Final Thoughts

Preparing in advance can help make your home purchase easier and less stressful. Stay in touch with your real estate professional, lawyer, or notary to ensure everything is ready for completion day.

Ready to buy your dream home in BC? The right preparation can make all the difference!