What do You Need?īelow is a general, non-exhaustive list of requirements that you will need to prepare prior to beginning the real estate conveyancing process. Only when the State of Title Certificate is received can the conveyancing process be deemed complete. This Discharge of Mortgage Form will need to be registered at the Land Title Office before the buyer’s lawyer can order a State of Title Certificate. Having their lender sign a Form C Discharge of Mortgage.Paying any existing mortgages or other charges and providing proof of this.Lastly, the seller will be responsible for the following:.Afterwards, the balance is paid to the seller and the conveyancing lawyers will provide their final reports confirming that the property has been successfully transferred. A pre-registration and post-registration title search will be performed. All the documents will then be reviewed to ensure that everything is in order.Only then can they confirm that an excess deposit has been received. Afterwards, they will deposit the balance of funds from the buyer. Once the buyer and seller sign the required documents, your lawyers will order funds from the lender.These documents include, but are not limited to:

Your lawyer will then proceed with preparing the transaction documents.This includes, but is not limited to, reviewing: Your lawyer will then begin the due diligence process.Your lawyer will also receive mortgage instructions from a lender. A realtor will give your lawyer conveyancing instructions in addition to a signed contract of purchase and sale.The following list will detail the six general steps that you and your lawyer will encounter. The ProcessĮach real estate conveyance is different. Below you’ll find a brief overview of the process and requirements in British Columbia. The conveyance process varies from province to province in Canada. Thus, understanding the process beforehand and knowing what to expect when buying or selling your home can alleviate a lot of stress. It is the process of legally transferring ownership such as a property title, mortgage, or lien from one party to another. What is Real Estate Conveyancing?Ĭonveyancing occurs in every real estate transaction. From assessing your needs to drafting and filing the necessary documents, we can provide the support needed to complete your transaction. We are confident in our abilities to help you. Whether you’re buying a new home, transferring titles to a property, or selling your home, the team at Sodagar & Co. Real estate conveyancing is often exciting, but can be frustrating.

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