When you’re ready to sell your Morris County home, you’ll put a lot of work into preparing your property, and work closely with your Realtor® to successfully sell your house so you can move on to your next adventure. Once the closing is completed, you may think that’s all there is to it, but there are some additional steps to take before you say your final goodbye to your old home, steps which could save you money and keep the stress of moving down.
As you go through the closing process, your Realtor®, the buyer’s agent, and the title company will work together providing all the sales figures, fees, taxes and any extraneous costs which you the seller or the buyer of your home are responsible for. While it’s important to have a trusting relationship with your real estate agent, it’s also important to review all paperwork yourself. There’s nothing wrong with taking some time to run the figures yourself and ensure they’re all correct. People can make mistakes. Walk away from your closing with peace of mind knowing all the columns have been added (or subtracted) correctly.
Be sure you take full advantage of all aspects of the closing, so you don’t leave any money behind. This includes confirming all escrow funds are transferred to your personal bank account when the transaction is done. Pay close attention to the closing documents as well, checking that any costs due to be credited back to you are factored in. One prime example is property taxes. Depending on when your home sells, you may be entitled to get some of your last tax payment back; be sure to check with your Realtor® to determine what, if any expenditures you’ve covered which may be due to you.
Once closing is done there’s the final steps of moving out of your former home. This can be a hectic time and important steps can be easily forgotten. Of vital importance which can impact your wallet, is to be sure and remove your name from services connected to your home once it sells. Be sure to note the cancellation date after you move out, but before the buyer moves in, this will ensure you don’t accidentally pay for electricity used by the new owner. It’s also important to go through the formal process of changing your address on all personal accounts, including banks, credit cards, online services and subscriptions. The last thing you want is to have mail misdirected, especially time sensitive bills.
Check out this list of Things Sellers Should Remember to Do by HouseLogic to learn more. When you’re ready to sell your home, let me be your experienced Realtor®. My team and I are here to help you succeed through the entire process. Please contact me, Doug Tucker, directly. You can give us a call at (973) 539-6300, or send an email at Tucker@dougtucker.com, and we’ll be happy to answer any questions you have.