After the sale is completed, the seller should take several steps to close out any outstanding obligations and ensure a smooth transition for the buyer. Here are some more details on what to do After the Sale:
Cancel utilities and other services: The seller should cancel any utilities or other services related to the property, such as electricity, water, and gas. They should also notify any service providers, such as cable or internet companies, that the property has been sold.
Cancel homeowners insurance: The seller should cancel their homeowners insurance policy once the sale has been completed, as they will no longer be the owner of the property.
Forward mail: The seller should forward any mail that may still be delivered to the property to their new address. They can do this by filling out a change of address form with the post office.
Provide important information to the buyer: The seller should provide the buyer with any important information about the property that they may need, such as manuals for appliances or warranties for any repairs or renovations.
Keep copies of important documents: The seller should keep copies of all of the documents related to the sale, including the deed, the closing statement, and any other paperwork provided by their real estate agent or attorney.
By following these tips for After the Sale, a seller can ensure that all loose ends are tied up and that the buyer has all of the information and resources they need to take ownership of the property. They can also minimize the risk of any issues or disputes arising after the sale is completed, ensuring a positive outcome for all parties involved.