After selling their house, sellers should take care of several important tasks to ensure a smooth transition and to tie up loose ends. Here are some things they should consider doing:
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Notify Utilities: Contact utility companies to transfer or cancel services for electricity, gas, water, sewage, trash collection, internet, and any other relevant services.
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Change of Address: Update their address with the post office, banks, credit card companies, insurance providers, subscriptions, and any other relevant institutions.
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Cancel Homeowner’s Insurance: Notify the homeowner’s insurance company to cancel or transfer the policy to the new property if applicable.
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Document Storage: Keep copies of all closing documents, including the settlement statement, deed, and any other paperwork related to the sale, for future reference.
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Clean and Prepare for Move-Out Inspection: Ensure the house is cleaned thoroughly before moving out and schedule a move-out inspection with the buyer if required by the contract.
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Arrange for Final Inspections and Repairs: If there are any outstanding repairs or inspections required by the buyer, sellers should arrange for them to be completed before the closing date.
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Transfer or Cancel Services: Transfer any warranties or service contracts related to appliances or systems in the home to the new owner, or cancel them if they are not transferable.
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Close Accounts: Close any local accounts related to the property, such as lawn care or pool maintenance services.
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Forward Mail: Set up mail forwarding with the post office to ensure they receive any mail sent to the old address.
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Secure Personal Belongings: Ensure all personal belongings are removed from the property before the closing date.
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Attend Closing: Attend the closing meeting to sign final documents and complete the sale.
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Transfer Keys and Garage Door Openers: Provide the new owner with all keys, garage door openers, and any other access devices for the property.
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Thank You Notes: Consider sending a thank-you note to the buyer expressing appreciation for their business and wishing them well in their new home.
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Financial Management: Consult with a financial advisor or tax professional to understand the tax implications of the sale and how to best manage any proceeds.
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Celebrate: Finally, take some time to celebrate the successful sale of the house and the start of a new chapter.
