Closing on your home

Once you have accepted an offer to purchase and you and the buyer have signed all the contractual documents, the result is a legally-binding ratified contract. It will be essential for you stay on top of any items needed from you during the transaction, such as providing a termite inspection letter and providing access to the home for inspections and appraisals.

The buyer’s lender will set up a time for an appraiser to come to your home and appraise the property. This step is to ensure that the bank is not issuing a loan for more than the home is worth. A home inspector will also come out and submit a report with any items that need to be addressed. You and the buyer will agree upon how to address any issues raised. Once all addendums have been signed, closing will occur a few weeks later and you will have successfully sold your home!

Here are some items to consider during the period of contract acceptance and closing.

  • Keep the house in good condition
  • Address items identified in the inspection report, as required
  • Leave any manuals for the home’s appliances and service provider contact numbers for the new owners
  • Tell utility companies the final date of service
    • Don’t rely on the buyer to notify them, or you may be paying for the buyer’s utilities
  • Pack and prepare to move out of your house
    • Give yourself some time to begin the process to ensure it all goes smoothly to decrease stress
  • Gather the necessary paperwork / identification for the closing meeting
    • Photo ID
    • Social Security number
    • All keys, door openers, alarm system codes
    • Deed to the house

*Avenue Realty Quick Tip*

Schedule an hour after closing to allow us to take you out for a celebratory lunch or dinner. Bring your friends, it’s time to celebrate.

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