Monday, July 16, 2018

Close

The amount of stress and emotional aggravation associated with what we consider to be an "easy and straightforward" sale has been surprising and irritating.  We were finally contacted by our lawyer's office to come in to sign the papers 2 business days(!) before closing.  Neither of us remember cutting things this close in either of our previous real estate transactions.  Good thing we were both around.

I've had to open another non registered investment account for the proceeds of the cottage sale.  After sheltering everything we can and planning for 2019, there is still a need of a place for the remaining.  I had one but closed it a few years back for one reason or another. 

Going with D's bank (TD) this time around, mandatory to be able to buy certain funds offered by his bank that he is a big fan of.  It took an hour to get it set up.  I had to go in in person!  Very repetitive with nothing that could have been done online ahead of time.  Was very old fashioned considering it is actually an account via their brokerage TD Waterhouse.

Am not supposed to get charged for having the account if you meet a minimal amount.  And there is supposed to be a 3 month window for new deposits so will keep an eye on that.  Having to chase after an incorrectly applied fee is something I really don't want to do.  I did specify I was opening this account in advance, in anticipation of proceeds from a real estate transaction.  But it likely won't matter to the computer program.

The sale closed successfully.

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