9. Review Subject Conditions
Once you have an accepted offer with the Seller on terms and conditions in the contract, you will need to work on removing subject conditions. The subject conditions are an opportunity to do your homework and make sure you’re satisfied with all subject conditions. This is typically a 10-day to 2-week period where you may have a building inspection done, strata meeting minutes to review, or approval to be obtained for financing from your lender. Once all subject conditions have been reviewed and you are 100 per cent comfortable in proceeding, you have a firm commitment to the property
10. Title Companies
Here in Florida your Title Company will proceed with your conveyance. They will ensure there are no outstanding liens or open permits etc. on the property. This is when the title to the property is transferred into your name.
11. Prepare for Completion & Possession
There is a waiting period until completion and then you will complete on one day and move into your property at noon the next (unless specified otherwise in the contract). To prepare for completion, review Bonnie’s To Do on Completion list to ensure you have transferred all your services, utilities and insurance.
12. Move in Day!
Congratulations. This is the day you officially own the property and can move in.
Thank you for trusting me with your real estate purchase.