Closing and Moving In

Review with your lawyer what you have to pay for on closing to avoid delays. In spite of spending so much money to close, you'll still need more to move in. The cost of relocating to a new home is often higher than anticipated, and finding the right mover means preventing a moving day ordeal.

When Not To Close

Avoid closing on Friday. When something goes wrong, you may not have enough time fix it. If you retire (pay off in full) your mortgage, you'll be charged for three extra days of interest (and one more day over a long weekend) when the lender isn't paid by an afternoon on Friday.

The end of the month isn't good either. It's a busy time for closings, especially in the summer. You'll be risking long lineups, and possible delays. Moving services cost more, and it's harder to find a mover.

Have your money readily accessible for closing. If you deposit a personal cheque in your account, it takes four to five business days to process, and an electronic money transfer requires one to two business days.

Withdrawals from RRSP under the Home Buyers Plan last longer, and you should talk to your financial institution in advance to ensure a timely arrangement.

How To Hire A Mover

Choosing the right mover is no petty task. You entrust your possessions to other people, and may pay thousands of dollars. With so many companies operating in the market making a mistake becomes easy.

  • A good and an estalished moving business will give you an information package about their company, liability insurance, and the cost of services.

  • It's always a good idea to do a research with Better Business Bureau, and other consumer review sites such as and

  • Movers associated with large van lines like Atlas, United, Allied and North American have to meet strict criteria regarding their vehicles, support staff and insurance.

  • Canadian Association of Movers is a national organization of local and long distance moving companies across the country. Its members are subjected to similar admission requirements.

Cost of Moving - Request estimates from different companies to find out what a reasonable cost of moving is. A reputable mover will send its representative to your home to make an assessment and give you a quote.

Get your estimate on paper, indicating the date of the move, terms of payment, and the breakdown of costs and services. Pricing lower than average could mean a sub-standard service or more charges applied later.

Your final cost will be dictated by many factors, but these rough averages can give you a better idea of what you can expect to pay:

  • Local movers charge $100-$120/hr for three men and a truck. A 10-hour move for a 3 bedroom home can cost you up to $1,200.

  • Long distance moving prices are based on shipment’s weight and the distance of travel. For instance, a 200-mile trip costs about $0.50 per pound. The average weight for a standard 3 bedroom house is around 9,000 lbs, what amounts to $4,500 in total.

  • Service charges fluctuate with seasons. You'll pay less for the moving between October and June, and in the middle of a month. During the summer local moving rates can go as high as $200/hr.

  • Packing services aren't cheap either. Rates are floating from $500 to $800 for a one bedroom apartment and between $1,400 to $1,800 for a house.

  • Give your mover precise instructions about the new residence. You'll avoid unexpected costs if you let them know about stairs, tight corridors and other navigation obstacles.

  • Cash deals impose a lot of risk. Your belongings won't be insured, and you may be liable when a mover gets injured.

Mover's Liability - Ask for a detailed outline of the policy to ensure you understand deductibles, claim procedures and your coverage, including special care items like pianos or expensive furniture.

Basic liability, providing very little protection at no extra cost, is $0.60/lb. A much more realistic security comes with a replacement guarantee. It's based on a declared value or a refund equal to $10/lb, but you'll have to pay a premium.

Some movers may offer added value insurance as another option, so you can increase your coverage from basic $0.60/lb to around $2/lb at a lower premium.

Once you receive a liability quote from the mover get in touch with your homeowner insurance company. If they offer a "goods in transit" policy endorsement, you may not need any coverage from the mover.

Insist on having your agreement ahead of time. When they give it to you on a moving day, it's too late to change any details which don't confirm to the negotiated terms.

Expenses On Closing Day

  1. Down payment balance
  2. Title registration fee
  3. Property tax adjustment
  4. Land transfer tax
  5. Lawyer's fee and disburstments
  6. Utilities adjustment

More Tips On A Moving

  • You'll save some money by doing your own packing. However, movers don't take any responsibilty for damages to boxes they didn't pack themselves.

  • Be ready when the movers show up at your place, and make sure they will have an urestricted access to your new home. Otherwise, you'll be charged an hourly rate for the waiting time.

  • When the uploading has been completed, walk through the house and the way to the truck to see that nothing was left behind.

  • Take all important documents, valuables, prescriptions, medications with you. Back up your computer and transport the data and the computer yourself as well.

  • Prepare and label "open first box" which contains items you'll need on the first night upon arrival at your new place.

  • Make an inventory of your all important possessions and document them with pictures or videos to able to prove a claim.

  • When you move a long distance, all items must be labelled and listed by the mover who has to give you a copy of the list. Use it at your new destination to check off each item and detect problems.

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