Accepted Offer and Deposit Checklist (Ontario / GTA)

After accepted offer, timing risk starts immediately. The first 24 hours are operational, not emotional.

First 24 Hours Checklist

• Confirm deposit amount, method, recipient, and deadline in writing.
• Deliver deposit (draft/certified cheque/wire) before the deadline.
• Save proof of payment and delivery confirmation.
• Send APS + deposit proof to lender or broker and lawyer.
• Book inspection immediately if condition applies.

Useful links: Talk to an inspector for condition-period support · Talk to a mortgage advisor about post-offer financing steps

Condition Deadline Checklist

• Inspection date secured.
• Financing package submitted.
• Appraisal status tracked with lender.
• Condition-removal deadline reminder set 48h early.

Useful links: Talk to a mortgage advisor about approval deadlines · Talk to a realtor about condition strategy

Document Folder Structure

• Agreement and amendments
• Waivers / notices
• Lender package and conditions
• Lawyer docs and closing funds records
• Inspection report and follow-up notes

Important: accepted offer is not the same as closed deal. Missing deposit or condition deadlines can put the transaction at risk.

Related pages: Mortgage Timeline from Offer to Closing and Inspection Red Flags.

Global Timeline

1. 5 to 1 years before buying: define neighbourhoods, school and commute constraints, and realistic affordability.
2. Pre-buy professional planning: realtor, lender or broker, lawyer, inspector, insurance.
3. Active shopping: showings, comparables, shortlist, offer strategy.
4. Offer accepted: deposit clock starts, document handoff starts.
5. Conditions period: inspection, appraisal, financing confirmation.
6. Closing preparation: legal signing, insurance, utilities, moving logistics.
7. Closing day: funds, title registration, key release timing.
8. First week and month: safety checks, issue triage, operational setup.
9. First year and first five years: seasonal maintenance and long-term renovation order.

Need Help Applying This to Your Case?

Use one calculator first, then choose whether optional support is needed:

• Fixer-Upper vs Move-In Calculator
• Toronto Renovation Cost Checklist

Talk to Expert