Share article
Share article
Reviewing key documents and checking title
Your lawyer starts by reviewing the Agreement of Purchase and Sale to make sure they’re aware of any conditions and/or special considerations. They also check the property’s title to confirm you have the right to sell and to identify any issues — like liens or easements — that need to be resolved before closing.
Handling mortgage payouts
If you still have a mortgage on the property, your lawyer works with your lender to obtain a payout statement. On closing day, they make sure your mortgage is paid off in full, and that any registered charges on the property are discharged so the buyer receives clear title.
Preparing for closing day
Behind the scenes, your lawyer drafts and reviews key documents such as the transfer (sometimes called the deed), statement of adjustments, and releases for mortgages or other obligations. They calculate adjustments — things like property taxes or condo fees — to make sure you’re only paying your fair share up to the day of closing.
Managing the money
On closing day, your lawyer receives the purchase funds from the buyer’s lawyer, makes the necessary payouts (like your mortgage, realtor commission, and legal fees), and then transfers the balance to you. Every dollar is carefully accounted for, so you can trust the process is secure.
Protecting your peace of mind
Just like in a purchase, your real estate lawyer’s role goes beyond documents. They’re there to answer your questions, explain the process in plain language, and step in quickly if issues arise. Their goal is to make the sale closing as smooth and reassuring as possible, so you can move forward confidently.
Wrapping up
Hiring a real estate lawyer for your sale closing isn’t just a legal requirement — it’s peace of mind. They make sure your obligations are met, your mortgage is properly paid off, and your funds are safely transferred. Selling your home can feel overwhelming, but with the right lawyer by your side, you’ll never feel like you’re handling it alone. At Ownright, we take that role seriously — ensuring your sale is seamless, secure, and supported every step of the way.
