It is best not to use this as an excuse to try and get a better deal, but it can be a great way to get the seller to help with the cost of some of the repairs that may be needed to be completed for closing.

If there are repairs that need to be completed on your Cambridge Ontario home you will want to get some estimates on the costs for these repairs and weigh the costs of having them done before the closing as opposed to doing them at a later time yourself.

Keep in mind that the lender may have repair requirements that they need completed themselves to process the loan.  After the appraisal the lender will let you know what has to be repaired before you can get the loan.

When your inspections are out of the way it is time to have the appraisal of your house in Cambridge Ontario scheduled.  The lender needs to be contacted and informed that the appraisal needs to be ordered.

The appraisal is one of the costs that will have to be paid up front (along with any inspections that need to be done on the property.)  The quicker all these steps take place the quicker you can close on the house.

If you are not working with a Realtor, it is best to contact your mortgage broker or lender once a week just to make sure they are not missing any documentation that you may need to get them, and that the process is moving ahead smoothly.

At this time you will also want to call your insurance agent and inform them you will be buying a house and will need coverage for the closing of the loan. 

Whenever the lender calls you requesting information get it to them in a timely manner.  The quicker you respond the quicker the loan process will take place.

You can generally expect a closing to take about 30 days from the time an offer is accepted,  If you have all your ducks in a row you can move the closing forward about a week.  But that is about the quickest you can expect the closing to happen.

You can talk with your mortgage broker and get a figure from them as well on what their average closing time is in Cambridge Ontario.

There are a lot of people involved in any single home purchase in Cambridge Ontario, but by understanding the order in which things take place, it will help you to make sure you will get the keys to your property in a timely manner and that you will have made the process as easy as possible.


There is a lot of free information available to you about buying, selling or investing in Cambridge Ontario real estate. For complete information about the Cambridge Ontario real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Cambridge Ontario real estate. So please feel free to contact me with any of your real estate questions and I will me more than glad to answer your questions. Call me on my cell at or email me at .

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 Tags: Cambridge Ontario Real Estate, walter weinreich, real estate, cambridge, buying, selling, investing

Article's Author

Walter Weinreich
WISR Realty Inc.
Cambridge, ON

Contact Walter Weinreich