Things to do After Selling

You have a contract on your house, now what?

Find the Right Mover

Make sure you take time to find a mover that you’re comfortable working with. Ask your real estate agent or friends for recommendations and do some research on your own before hiring.

Change Your Address

Of course you’ll need to notify the post office of your change of address, but don’t forget about everyone else! Make a list of people who contact you through mail, including companies and organizations, and most importantly, the IRS.

Contact Utility Companies

Don’t forget to give a call to your cable company, phone company, etc. to let them know you’re closing your account on the date you are moving. You don’t want to be paying for things you aren’t using.

Look for the Pharmacy

Make sure you know where the local pharmacy is in your new town. If you have any, get your prescriptions moved there.

Cancel Memberships

Are you a member of the local gym? Don’t forget to cancel your membership. If it’s a national chain, see if you can switch membership to where you’re moving.

Donate Things You Don’t Need

Moving to a condominium unit and no longer need that lawnmower? Sell it or donate it to a friend.

Give Ownership Papers to the Buyer

The buyer is sure to appreciate it if you hand them any manuals or warranties for appliances. Having a list of your favorite contractors or house cleaners is also nice to pass on.

You’ve just closed, now what?

Review Settlements

Mistakes can still happen, so make sure you go over the settlement statement carefully. Be sure that all amounts are correct and that you know about all the fees listed. If there’s anything on there that shouldn’t be, or if anything is missing, don’t let it slide.

Keep Track of Paperwork

Though it might be tempting to get rid of all that paperwork, it’s best not to. Keeping it will make it easier when filing taxes, since you’ll need proof of all your expenses and money made from the sale. Even after this step, keep the paperwork safe just in case you need it.

Keep Home Improvement Records

It may be possible to use home improvement expenses to improve your tax situation. For this to be possible, you’ll need to keep documentation of improvements. You should be aware of the difference between home improvement and general maintenance. Home improvement adds value, while general maintenance usually means making a repair.

Invest

Make sure to invest your proceeds into a safe investment vehicle, meaning you should be able to access your funds easily.


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