You've Opened Escrow, Now What?

What comes next?

Congratulations, you are on your way to owning your very own home! Follow these suggestions (and your realtor’s advice) so that escrow and settlement with go as smooth as possible.

You will be asked for a down payment on the home you are purchasing. You can choose to put down as much or as little as you want (depending on your mortgage), but remember, the more you put down toward the total price of your home, the less time it will take you to pay off and the less your mortgage payments will be every month.

During this period of purchasing your home, you are going to need an escrow or settlement company to act as an independent third party so that you know when and who to give your money to get the deed to your new home. The escrow or settlement company will hold your deposit and coordinate much of the activity that goes on during the escrow period. This deposit check may also be held by an attorney or in the broker’s trust account. Make sure that there are sufficient funds in your account to cover this check.

The deposit check will be cashed. Assuming the sale goes through, this money will be applied to the purchase price of the home. If for any reason the sale is not consummated, you may be entitled to receive all of your deposit back, less standard cancellation fees. In certain instances, the seller may be able to retain this money as liquidated damages. Prior to executing a purchase contract, it would be wise to speak with your counsel regarding whether or not it is your best interest to have a liquidated damages clause as part of the contract.


The period that you are “in escrow” is often 30 days, but may be longer or shorter. During this time, each item specified in the contract must be completed satisfactorily. By the time you have opened escrow, you have come to an agreement with the seller on the closing date and the contingencies. Each contract is different, but most include the following:


Inspection contingency: this should be completed as soon as possible after the contract to purchase is signed as unsatisfactory results of the inspection may mean that you will want to cancel the contract.

Financing contingency: once the contract is signed, you have a period of time to secure funding. If, for any reason, you are unable to secure funding during the period of time granted to you by the contract (and the seller will not provide a written extension of time), you must decide whether you want to remove the contingency and take your chances on getting a loan. You may choose to cancel the purchase contract.

A requirement that the seller must provide marketable title.

With an attorney or title officer, review the title report. The title must be “clear” to ensure that you do not have legal issues regarding your ownership.


Check into local and state ordinances regarding property transfer and make sure that you and/or the seller have complied with them.


Secure homeowner’s insurance. This will probably be required before you can close the sale. Due to such requirements as special fire and earthquake insurance, obtaining this insurance may require a lengthy period of time. It would be in your best interest to apply for insurance as soon as possible after the contract is signed.


Contact local utility companies to schedule to have service turned on when you close escrow.


Schedule the final walk-through inspection. At this time, you should make sure that the property is exactly as the contract says it should be. What you thought to be a “permanently attached” chandelier that would come with the property might have been removed by the seller and replaced with a different fixture entirely.


You’ve made it! Once the sale has closed, you’re the proud owner of a new home. Congratulations!

By Lauren Hinchliffe April 8, 2025
Spring is here, and with it comes blooming flowers, longer days—and the busiest season in real estate. If you're thinking about buying a home, now might be the perfect time to make your move. Here's why spring is such a hot time for home buyers and how you can navigate the season successfully. 🌼 Why Spring is Prime Time for House Hunting 1. More Inventory to Choose From As the weather warms up, so does the housing market. Sellers who’ve been waiting out the winter are now ready to list, meaning more homes hit the market in spring than any other season. That gives buyers more options—and a better shot at finding their dream home. 2. Perfect House-Hunting Weather Let’s be honest: no one wants to tour homes in freezing temps or icy roads. Spring’s mild weather makes weekend open houses and afternoon showings more enjoyable and easier to schedule. 3. Ideal Timing for Families For families with kids, buying in the spring allows time to close the deal, move, and get settled before the next school year starts. It’s a natural timeline that fits many lifestyles. 4. Homes Show Better There’s something about green lawns, blooming gardens, and sun-drenched windows that makes a home feel more inviting. Homes often look their best in spring, which helps buyers visualize living there. 🌿 Tips for Buying in a Competitive Spring Market 1. Get Pre-Approved First Spring means more buyers, and that means competition. Getting pre-approved for a mortgage shows sellers you're serious and gives you a leg up in multiple-offer situations. 2. Act Fast (But Smart) Desirable homes can go under contract in days—or even hours—in spring. If you see something you love, be ready to act. But don’t skip inspections or rush decisions. Fast doesn't mean careless. 3. Work with a Local Agent A good real estate agent will help you navigate bidding wars, spot red flags, and find homes that might not even be on the market yet. Local knowledge is gold in a busy season. 4. Know Your Must-Haves vs. Nice-to-Haves Spring can be overwhelming with so many options. Make a list of what you need in a home versus what you want. That helps you stay focused and avoid decision fatigue. 🌸 Final Thoughts Buying a house in the spring has its challenges, but it also offers big opportunities. If you’re prepared, flexible, and working with the right team, you can take advantage of the season’s energy and find a place you’ll love to call home. Whether you're a first-time buyer or looking to upgrade, spring is your season to bloom in a new space. 🌷
By Lauren Hinchliffe March 25, 2025
Let’s face it—this past winter was one for the books. Between the endless snow, sky-high heating bills, and driveway shoveling marathons, it’s no wonder so many people are rethinking the whole “detached home” thing. Enter: the condo lifestyle. Whether you’re a first-time buyer, investor, downsizer, or just tired of winter maintenance headaches, Guelph’s condo market is having a moment—and it’s one you don’t want to miss. Why Condos Are a Smart Investment Condos have long been a solid choice for investors, but right now, they’re looking even better: Affordability: Compared to detached homes, condos offer a more accessible price point—without sacrificing location or quality of life. Rental Demand: With Guelph’s growing population and strong university presence, condos are in high demand for renters. That’s steady income for investors. Low Maintenance: No snow shoveling, no lawn care. Your time is yours—and your property is professionally managed. In a city like Guelph, where the balance of urban convenience and small-town charm draws people in from all over, condos represent an opportunity to own real estate in a desirable, growing market. What Sets Guelph Condos Apart What makes Guelph’s condo scene unique? It’s not just the buildings—it’s the lifestyle. Many of the city's newer and well-maintained condo developments are located close to parks, trails, downtown restaurants, and transit. And unlike big-city towers, Guelph condos often offer more space, quieter buildings, and a stronger sense of community. Plus, let’s talk about the amenities . Some of the standout features we’re seeing in the best condo buildings right now include: Modern fitness centres (say goodbye to that separate gym membership) Rooftop terraces with BBQs and lounge areas Party rooms and guest suites for entertaining Secure underground parking (a must after this winter!) On-site property management for peace of mind Featured Condos We Love If you’ve been on the fence, this spring is the time to explore. Here are a couple standout units we’re currently featuring: ✨ 1502-150 Wellington St. E 2 bed, 2 bath | 1,347 sq ft | $819,900 This bright and spacious corner unit has sweeping sunset views from the 15th floor, open-concept layout, and top-tier finishes. Located steps from the river and downtown—ideal for professionals or retirees looking for walkability, peace, and luxury. ✨ 806-160 Macdonell St. 2 bed, 2 bath | 1,098 sq ft | $699,900 This suite blends comfort and style with an open layout, fireplace, and private balcony with panoramic city views. Enjoy top-tier amenities and unbeatable downtown convenience—just steps from the GO Train, shops, and trails. Looking for something different? We have access to several other great units across Guelph—from trendy one-bedrooms for young professionals to larger suites perfect for downsizers who still want room to host family. The Bottom Line After the winter we just had, it’s no surprise people are looking for simplicity, convenience, and lifestyle—all things that come standard with condo living. And with Guelph’s condo market offering strong long-term value, now really is the perfect time to invest. Whether it’s your next home or your next rental property, there’s opportunity here—and we’d love to help you find it. Curious what’s available? Let’s chat or book a showing—you might be surprised at how easy condo living (and investing) can be.
By Lauren Hinchliffe March 14, 2025
Spring is the perfect time to refresh your home and get rid of the dust and clutter that may have built up over the winter months. A thorough spring cleaning not only makes your home sparkle but also improves air quality and creates a more peaceful living environment. To make the process easier, here’s a room-by-room checklist to help you stay organized and efficient. General Cleaning Tips for Every Room Open windows to let in fresh air. Dust from top to bottom, including ceilings, light fixtures, and baseboards. Wipe down walls, doors, and switches. Vacuum and mop floors, paying special attention to corners. Declutter and donate unused items. Living Room Dust and polish furniture. Wash or vacuum curtains and blinds. Clean light fixtures and ceiling fans. Wipe down electronics and remote controls. Shampoo or steam clean carpets and rugs. Clean under and behind furniture. Kitchen Deep clean appliances (oven, refrigerator, microwave, dishwasher). Wipe down cabinets and countertops. Discard expired pantry items. Scrub sink and faucet. Clean and organize drawers and utensil holders. Mop and sanitize floors. Bathroom Scrub and disinfect toilet, sink, and bathtub/shower. Wash or replace shower curtain and bath mats. Clean mirrors and light fixtures. Wipe down cabinets and discard expired toiletries. Scrub grout and reseal if necessary. Bedroom Wash all bedding, including pillows and comforters. Rotate and flip the mattress if applicable. Declutter closets and donate clothes you no longer wear. Dust and polish furniture. Clean under the bed and in corners. Home Office Organize paperwork and shred unnecessary documents. Dust and disinfect keyboard, mouse, and desk. Wipe down bookshelves and organize files. Clean office chair and vacuum under desk. Outdoor Spaces Sweep porches, decks, and patios. Clean outdoor furniture and cushions. Wash exterior windows and doors. Check and clean gutters if needed. Tidy up garden beds and trim overgrown plants. Spring cleaning may seem like a big task, but tackling it one room at a time makes it much more manageable. Use this checklist to stay on track and enjoy a fresh, clean home as you welcome the new season!
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