Step 9: What's Next?
Posted by: raindrop 5 years, 10 months ago
You've done it. You've looked at properties, made an offer, obtained financing and closed escrow. The home is yours. Is there any more to the home buying process?
Whether you're a first-time buyer or a repeat buyer, there are several more steps you'll want to take.
Those papers you received after closing are extremely valuable, so hold on to them! In the short-term they can help establish tax deductions for the year in which the property was purchased. In the future, such papers will be important for tax purposes when the property is sold.
Also at closing, determine the status of the utilities required by the home, items such as water, sewage, gas, electric and cable. You want utility bills to be paid in full by owners as of closing and you also want services transferred to your name for billing. Usually such transfers can be done without turning off utilities.
After closing, you will receive a copy of the grant deed, once it is recorded.
It is generally understood that sellers will leave homes "broom clean" when moving out. This expression does not mean "vacuumed" or "spotless." Broom clean makes sense because it means the house is ready to be painted and cleaned.
Your home, your money
For most owners a home is the largest single asset they hold, so it makes sense to protect that asset.
Many owners make a photo or video record of the home and their possessions for insurance purposes and then keep the records in a safety deposit box. Your insurance provider can recommend what to photograph and how to secure it.
You want to maintain fire, theft and liability insurance. As the value of your property increases such coverage should also rise. Again, speak with your insurance professional for details.
Lastly, enjoy your home. Owning real estate involves contracts, loans, and taxes, but ultimately what's most important is that home ownership should be a wonderful experience. Enjoy!
Information provided by Realtor.com.Share on Twitter Share on Facebook
San Diego Homes
- Looking for a Coronado Rental? Here are Tips for finding a home!
- Which Famous Author Visited 550 A Ave?
- Build Your Dream House in the Coronado Cays!
- After Years in the Making, Imperial Beach's New Shopping Center is Here!
- Making a Difference With San Diego’s Voices for Children
- Blog (338)
- Buyer's Guide to Buying a Home (11)
- DIY Homeowners (54)
- FAQ Buyer (35)
- FAQ Property Management (7)
- FAQ Renters (7)
- FAQ Seller (32)
- FAQ Short Sale (6)
- Friday Favorites (4)
- Home Projects (58)
- Listings (132)
- Local Info (73)
- Market Matters (34)
- Open House (18)
- Rentals (18)
- Staging (1)
- Things to do (76)
- Tips (4)
- Tips for Buyers (7)
- Tips for Homeowners (4)
- Tips for Renters (4)
- Tips for Sellers (5)
- Tips/FAQs (1)
FeedsRSS / Atom
Latest NewsSeptember 18, 2017 Looking for a Coronado Rental? Here are Tips for finding a home! September 14, 2017 Which Famous Author Visited 550 A Ave? September 11, 2017 Build Your Dream House in the Coronado Cays! READ MORE
Our initial experience with you, especially with your demonstrable expertise, knowledge, and willingness to both educate and work with us regarding the market and related considerations particular to Coronado, resulted in a gratifyingly helpful and positive experience for us.—Robert R. READ MORE