Shirley Brown, your local Coquitlam REALTOR®

(604) 939-6666

“Closing Day” Terminology You Need To Know

Closing day is an exciting time. After all, you’re moving into your new home! However, it can be stressful as well.


The last thing you need is to be confronted with something you don’t understand. So here is a quick list of common “closing day” terms.


  • Disbursements. This is the allocation of funds to the appropriate parties, such as the seller. Your lawyer will take care of this for you.


  • Possession. This is the moment on closing day when you are legally able to take possession of your new home. It’s usually when your REALTOR® or lawyer hands you the keys.


  • Title. This is a legal document that identifies the property and its owner.


  • Closing costs. These are expenses, excluding the selling cost of the property, that are due on closing day, such as legal fees, reimbursement for pre-paid utilities, utility deposits, insurance, and taxes.


  • Closing adjustments. These are expenses pre-paid by the seller that need to be reimbursed on closing.

    There may be other terms you come across on closing day as well. Don’t worry, a good REALTOR® can help make the day go smoothly for you and your family.


    Looking for a good REALTOR®? 


    Call today. 


    Shirley Brown


    (604) 671-1060









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Home safety is more than locked doors and alarms 



When it comes to home security, most homeowners think about door locks and alarms. These are, of course, very important. However, there is also a lot you can do around your property to prevent the possibility of a break-in.

 

One important part of home security is outdoor lighting. Your home doesn't need to be lit up like a baseball diamond at night, but your exterior lighting should illuminate your yard enough to be a deterrent to burglars.

 

Some burglars hide around the property and wait for someone to arrive and open the door so they can use that opportunity to force their way into your home.

Security experts suggest that you walk around your property and look for areas where someone could hide, such as behind tall shrubbery like a cedar hedge or behind a tool shed. Make sure these areas are well lit.

 

Pay particular attention to lighting around exterior doors, especially the back door.

 

Home security experts also recommend that exterior lighting be installed with a timed dimmer. The lights can then be set to cast a bright light in the early evening, and then a dimmer light throughout the rest of the night.

 

Lights installed with motion detectors can also be effective in certain areas. The sensors will cause the light to turn on or brighten when someone comes onto that part of your property. Generally, thieves will flee as soon as they see a light turn on.

 

Do you hide a spare key under the front door mat or in a flower pot? No matter how clever you think you are, experienced thieves know all the common hiding places. So, if you need to have a spare key available, put it in a small combination lock box and hide the box. That way, if a burglar finds the box, he still won't be able to open it and access the key.


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