Waiting for the real estate closing on a home in the Upper Valley can be a busy time. Between packing boxes and signing documents it is easy to forget some of the most important things that need to be done before the closing. Use this list to prepare for your closing so that when the day comes all you have to do is sit back, sign your name and enjoy your new piece of Upper Valley real estate!
1. Reserve a moving van – Regardless of the distance you have to move it’s important to reserve the moving van early. No need to be scrambling around at the last minute if a truck isn’t available. And if you have to be out of a house or apartment on closing day it can complicate things. You will never be sorry you called early.
2. Switch your utilities over – When it comes to changing your utility services you don’t want to wait until the last minute. The electric company can change things over pretty quickly but that is not always the case for the cable company. If you need to schedule someone to come out and hook up your service for you they may need a couple weeks lead time. This could mean that you are without internet and cable for the first few weeks in your new home. To avoid any issues schedule the switch at least 2 weeks ahead of time. You can tell them the date you are closing and they may be able to send someone out the same day.
3. Prepare your funding – If you are selling a home and buying a new one the same day or if you are just on the buying end, you will need to understand the funds required. If you are bringing a deposit to closing it is vital to ask what form the funds should be in. Some real estate closing agents can accept wire transfer funds and others can not. Some may prefer a certified check. These are questions that you need answers to in advance of closing. If you show up at closing with a personal check you will not be able to purchase the house that day.
4. Get your questions answered – The closing table is not the place for last minute questions. Your real estate agent, real estate attorney and mortgage lender are all there to help you get through the purchase of your home. Contact them with any questions you have and make sure they are all on the same page. They will be working together in advance of the closing and you will want to stay in close communication with everyone.
5. Forward your mail – It can take a little time to update your address with everyone. USPS offers a change of address service that will help speed up the process and ensure you get your mail. They will alert companies of your move and forward your mail for 1 year. This takes a little time to start working so make sure you give them some notice.
6. Pack a box of must have items – Moving can be a long process. The closing could run long or the movers could take longer then expected. You want to have a box with you that has everything you need for the first couple of days. These important items include a shower curtain, toiletries, clothing, cell phone chargers and computers, check book, take-out menus and trash bags. After a long day of moving you don’t want to have to dig through boxes to try and find your shower curtain. Plan ahead and make the first night in your new home as painless as possible.
7. Closely review all documents – Under the CFPB’s new “Know Before You Owe” legislation lenders, like Title Mortgage, are required to issue your Closing Disclosure 3 days prior to closing which will include the dollar amount of funds you need to bring to closing. At this time review the document closely as this will tell you the exact funds you need to bring to closing. You also want to double check the entire document for any possible issues. If your name is spelled incorrectly on this document it will need to be fixed prior to closing. The sooner you point out issues the quicker the closing will go. Be sure to follow the directions of your lender or closing agent carefully regarding signing and returning the Closing Disclosure in a timely manner.
8. Plan to change the locks – When you buy a home the seller turns over all the keys they have to you. This is a very exciting exchange as it signifies that home now belongs to you. However it is in your best interest to change the locks and get new keys. Depending on how long the buyers owned the home there may be neighbors or friends who have keys that you don’t know about. To be safe go ahead and change the locks on all doors and get fresh keys for your brand new home!
9. Plan your projects carefully – If you plan any small projects or painting right when you move in, it’s wise to plan ahead. Painting is much easier when there isn’t furniture in the room. If you can plan which room you will paint first and put the bulk of the furniture in another part of the house. It may make your first days in the home a little hectic but you’ll be glad you got the projects and painting out of the way.
10. Take some time to enjoy your home – Moving is a huge job! If you can do it, plan to take a few days off from work to paint, clean, organize and decorate your new home. Alert your employer you will need this time in advance so you can be sure you have the time.
If you are closing on a home in the Upper Valley this should be a very exciting time. It can be stressful at times, but the best thing you can do is use these tips to plan ahead and prepare for your big day!