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Purchasing - Finalizing Deal

     After your Offer to Purchase has been accepted, you will be required to give a copy of the agreement to your lawyer to ensure that all conditions are met, to make sure a land survey is done, to search for the home's title (to ensure the vendor really owns the home), to search for any liens on the home and to finalize the mortgage details. After all of the previous tasks have been attended to, your lawyer will prepare a form that will confirm the price of the home, the amount to be paid to the vendor and the balance of the down payment, this is called the Statement of Adjustment. In order to finalize the statement of adjustment you will have to provide a certified cheque made out to your lawyer in good faith.