Share article
Share article
Selling your property is a big milestone, and while the closing process can seem daunting, it doesn’t have to be. This guide breaks the process down into simple steps so you know exactly what’s ahead. From sending us your agreement to receiving your sale proceeds, Ownright will guide you through with clarity and care.
Step 1: Share your agreement of purchase and sale
Once you’ve accepted an offer, send us a copy of the signed agreement and any related documents. We’ll set you up with your personalized dashboard, review the agreement, and open your file right away. This ensures that we’re ready to move quickly and smoothly toward closing.
Step 2: Provide mortgage and property details
If you have a mortgage or secured line of credit on the property, let us know right away. We’ll contact your lender to obtain the payout statement so the mortgage can be discharged on closing. You’ll also share details of any adjustments (like property taxes or condo fees) so we can prepare your statement of adjustments accurately.
Step 3: Signing your documents
About a week before closing, you’ll meet with your Ownright lawyer over a video call to review and sign the necessary documents. This includes the transfer documents, statement of adjustments, and the direction for how you’d like to receive your sale proceeds. You’ll just need to join the video call on a device that works with DocuSign (laptop, tablet, or smartphone). We’ll walk you through each document and answer your questions so you feel completely comfortable before signing.
Step 4: Preparing for closing day
As your closing date approaches, we’ll finalize all the details: confirming mortgage payouts, calculating adjustments, and setting up the exchange of funds with the buyer’s lawyer. You don’t need to worry about the back-and-forth — we’ll take care of it and keep you updated through your Ownright dashboard.
Step 5: Closing day
On the big day, you don’t need to take any action. We’ll exchange documents and funds with the buyer’s lawyer, make sure your mortgage is paid out, and ensure the title is transferred. You’ll be able to follow along on your Ownright dashboard so you always know where things stand. Once everything is complete, we’ll notify you right away.
Step 6: Receiving your sale proceeds
After closing, we’ll transfer the net proceeds from your sale to you. You’ll also receive a final reporting package from us that will be made available to you in your Ownright account when ready.
Wrapping up
Selling a property involves many moving parts, but you don’t need to have all the answers — that’s what we’re here for. At Ownright, we’re not just another law firm; we’re a team built to make real estate closings simple, transparent, and human. From the moment your offer is accepted to the day the proceeds land in your account, you’ll have peace of mind knowing we’re with you every step of the way.
