In the past year, over 6.9 million homes were sold in the United States with this figure projected to increase to 7 million by 2023. Are you planning to be one of those homeowners to make a sale? Whether you’re working with an agent or selling FSBO, sellers are all relieved when they find a buyer to accept their terms. However, the process isn’t over yet. From moving preparations to paperwork, this checklist of 10 items ensures selling a house is a breeze with Millennial Title.
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1. Prepare for Home Inspections
Home inspections are a standard part of the buying and selling process. Home inspectors will notify both parties of potential issues and items to repair. To prepare for the home inspection, sellers can take charge and minimize any delays by completing the following:
- Clean out gutters
- Repaint the exterior if weathered
- Caulk around windows, doors, and chimney
- Repair any broken pavers, bricks, or loose railings
- Test smoke and carbon monoxide detectors
- Ensure crawlspace and attic are accessible
- Inspect plumbing fixtures for any leaks
- Replace any burnt out lightbulbs indoors and out
2. Provide Pertinent Information to Your Realtor and Title Company
- Current Mortgage Statement for payoff
- HELOC or Equity Line statement
- Personal Information (social security number)
- Homeowners Association contact information (if applicable)
- LLC or Trust documentation (if applicable)
3. Moving Preparations
As the buyer finalizes items on their end and a closing date has been set, it’s time to pack up your belongings for the move. One way to alleviate some of the stress is by hiring a reputable moving company in the area. We recommend gathering at least three names so that you can compare quotes.
4. Leave Essential Documents and Manuals for Buyer
Collect essential documents such as manuals, receipts, and warranties in a folder for the buyer to easily access.
5. Collect all Remotes, Keys, and Garage Door Openers
Many buyers will change the locks, but until they can make a trip to the home improvement store, they will need the keys. The buyer will also need any remote controls for ceiling fans and garage doors to get full use of the house. Set these aside in one location so they’re easy to find.
6. Clean the House Thoroughly
Once you’re all packed, now it’s time to clean! No one wants to move into a dirty house, yourself included. So, whether you hire a professional cleaning service or do it yourself, the buyer will appreciate being able to move right in without having to get to work immediately.
Cleaning your home when it is vacant is much easier than with moving boxes everywhere.
Once the Closing is Scheduled
7. Notify Change of Address
Be sure to notify friends and family of your upcoming move. You should also fill out a change of address form on the USPS website to ensure your mail is rerouted.
8. Inform Utility Companies
Electric, gas, water, cable, and any other utility companies will need to be notified of your move. Unless they are informed, they will keep charging you even after the new owner moves in. We recommend gathering all your utility bills, phone numbers, and websites in one place to make canceling your services more efficient. Many companies will also allow you to do this online and even input a specific date for the last day of service.
Ask that the utilities be transferred out of your name, not turned off. That way your buyer can have them transferred into their names with ease.
9. Personal Walk Through
Walk through your home one last time to make sure you do not leave anything behind. Check closets, drawers, sheds, and all the nooks and crannies for your personal items. If you’re considering leaving behind any personal property that may be useful to the new owner, just check with the real estate agent.
10. Cancel Insurance
Once the closing has occurred, contact your insurance provider to cancel your homeowners insurance. There’s no reason to keep paying for insurance that you do not need! However, be sure to wait until ownership has been transferred because until then you will be financially liable for any issues.
Closing Day!
With your documents in order, moving completed, and the house ready for the new buyer, the final step in the process is closing day! Before you make your way to the closing table, be sure to have the following items with you:
- License or Government-Issued photo ID; all individuals on the purchase and sale agreement will need to bring their ID.
- House keys, keypad access codes, garage door openers (don’t forget the one in your car).
With closing completed, it’s time to celebrate the sale! While selling a home can be a complex process, Millennial Title’s experienced and knowledgeable team is here to address all your questions and concerns in the closing process. If you would like to learn more about our closing process or to schedule your next closing remotely or in one of our offices, please contact our team!
