8 Things Home Buyers Must Do Before Closing A Property Sale


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You’ve finally managed to find the perfect house—and it already feels like yours. That kitchen screams holidays, and it has a fabulous little office off to the side where you can stay hidden from relatives when you need a breather. 

Even if you make an offer the moment you finish house viewing, there are several steps you must take before closing on a home deal. It involves everything from taking out a loan,  booking a home inspection with the best home inspector in Mississauga, and acquiring homeowners’ insurance, to name a few. 

To help you understand the process, here is a list of eight things you’ll need to do before closing on your dream house deal:

Apply for a loan:

You’ve most probably been pre-approved for a loan at this stage. A finance company’s pre-approval indicates to the seller and seller’s agent that you can obtain a loan and finance the home purchase with a mortgage at the rate you’re offering. 

Once you have a pre-approval and your offer has been accepted, you must apply for the loan. This may entail looking around for the best rates from local lenders or appointing a mortgage broker to find you the best loan.

Be prepared to pay closing costs:

A mortgage is not the only payment you’ll have to make when purchasing a home. You will also be responsible for all the closing costs. This is typically between 2% and 5% of your property’s value. You should also be prepared to pay other closing costs, such as a homeowner’s association fee.

Assess the title:

When buying a home, the last thing you want to hear is that the seller doesn’t actually own it. This may appear strange, but it does happen. That is why it is critical to have your home’s title checked. Employ a title examiner to ensure that nobody else can claim ownership of your new house.

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Home Inspection:

During the interim period, you should hire a home inspector to go over the property and examine the appliances, structures, and systems in the house you are planning to buy. Some lenders require a home inspection. However, if yours does not, go ahead and hire the best home inspector in Mississauga. The inspector will go through the house and tell you what condition the house is in and what needs repair. After that, you can ask the seller to repair or replace the damaged objects or installations.

Obtain Homeowners’ Insurance:

You will be required to provide proof of homeowner’s insurance before closing on your house deal. This is a kind of security that helps pay for any damage to your home. Homeowners’ insurance typically covers interior and exterior damage, loss of personal possessions, and injury that may occur on the property.

Utilities for Transfer:

It’s exciting to move into a new house! But moving into a new home and discovering that the water doesn’t work can be a lot less exciting. Call the utility companies in your region to switch the gas, electricity, and water into your name before you move in.

Take a walk-through:

You’ll be allowed to do a final walk-through of the house 48 hours before closing the deal. This is your last opportunity to examine the repairs made by the seller based on the house inspection report and ensure that everything in the house appears to be in good condition. 

If you have any questions about the installations or if something is missing, make sure to resolve them during this walk-through.


This is the day! Everything has been made official. You’ll sign all the documentation, such as your loan repayment schedule, loan details, and sales contract, at the title office. The deal is closed and you can move into your new house whenever you want. 


All paperwork, including loan documents, will be signed at closing, an in-person activity that involves you, the seller, agents, and lawyers. A check will be transferred to the seller within the next few days of your lender receiving those documents. It’s time to pop the champagne! You just bought a house! 

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