Close

March 5, 2024

You Just Sold Your House, What Next?

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:

 

  1. Notify Utilities: Contact utility companies to transfer or cancel services for electricity, gas, water, sewage, trash collection, internet, and any other relevant services.
  2. Change of Address: Update their address with the post office, banks, credit card companies, insurance providers, subscriptions, and any other relevant institutions.
  3. Cancel Homeowner’s Insurance: Notify the homeowner’s insurance company to cancel or transfer the policy to the new property if applicable.
  4. Document Storage: Keep copies of all closing documents, including the settlement statement, deed, and any other paperwork related to the sale, for future reference.
  5. 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.
  6. 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.
  7. 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 transferrable.
  8. Close Accounts: Close any local accounts related to the property, such as lawn care or pool maintenance services.
  9. Forward Mail: Set up mail forwarding with the post office to ensure they receive any mail sent to the old address.
  10. Secure Personal Belongings: Ensure all personal belongings are removed from the property before the closing date.
  11. Attend Closing: Attend the closing meeting to sign final documents and complete the sale.
  12. Transfer Keys and Garage Door Openers: Provide the new owner with all keys, garage door openers, and any other access devices for the property.
  13. 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.
  14. 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.
  15. Celebrate: Finally, take some time to celebrate the successful sale of the house and the start of a new chapter.

March 5, 2024