RSS

Selling a Home? Here’s a List of the 5 Most Common Things That Need to be Done.

28 Dec

Well, you have decided to sell your home.  You have found a realtor and put the home up for sale.  Now what?  Below is a list of the 5 most common things you must get before and after closing on the property.

1.  Paperwork (ASAP)

This is by far the most important thing you must do.  Any and all paperwork you can find in regards to your mortgage and any lines of equity you might have must be pulled out.  The better the paper trail, the quicker the closing.  Banks are not great at getting the paperwork showing what you owe and have paid off together.  If you get an offer on your home, you will want to close as quickly as possible.  The bank can stall that process more than 30 days.  It can be a real nightmare to rely on the bank to put all of the pieces together.  Do yourself a favor and create a folder to put all of your paperwork in.

2.  Pipes and the winter weather (Only if you don’t occupy the home)

If you don’t occupy the home you are selling, you will need to winterize the pipes so that they don’t burst in the cold weather.

3.  Utilities (once you are a week or less from closing)

You will need to get a final water reading.  You will also need to call the gas and electric company to notify them of the transfer in ownership.

4.  At the closing

Make sure you bring a photo I.D.  Your driver’s license will suffice.

5.  Homeowners Insurance

Once the closing is complete and everything has been funded, you will want to call and cancel your homeowners insurance.

note:  Each sale is unique.  It is imperative that you have good communication with your realtor.  Make sure you go over the necessary items that are needed so that there are no surprises.  In addition, make sure that you know the timelines for getting each thing accomplished.  If a water meter is read too soon, you will need to get another reading before closing.  Timing is everything when you are wrapping things up for closing.

 

If you are interested in a consultation with Wendy McCance, you can contact her at:

Real Estate One

26236 Woodward Ave
Royal Oak, MI 48067 
248-414-1248 ext. 119
wendymccance@realestateone.com
About these ads
 
4 Comments

Posted by on December 28, 2012 in advice, houses for sale, real estate

 

Tags: , , , , , ,

4 responses to “Selling a Home? Here’s a List of the 5 Most Common Things That Need to be Done.

  1. rentalproperty23

    January 28, 2013 at 6:57 am

    The 5 things are really good. Every seller should follow these tips to sell a home.

    houses for rent

     
    • wendymc12

      January 28, 2013 at 11:10 am

      Thanks for sharing your thoughts.

       
  2. joannerambling

    December 28, 2012 at 5:09 pm

    How many people turn up unprepared as in not having all the right stuff they need even after being told what they need to bring…….

     
    • wendymc12

      December 30, 2012 at 8:38 pm

      It’s like anything else in life. You have those that are on top of their paperwork and you have those that drag their feet.

       

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
Follow

Get every new post delivered to your Inbox.

Join 1,158 other followers

%d bloggers like this: