Whew! You’ve finally closed on your home, and you can breathe a big sigh of relief. But what’s next?
Below, you’ll find a checklist for what to do AFTER closing on your home! You’ll definitely want to keep this checklist handy as you move into your new home sweet home:
KEEP ALL DOCUMENTS IN A SAFE PLACE
Keep all of your important records together in a safe place! This includes purchase documents, insurance, maintenance, and improvements.
KEYS TO HOME
When you move in, make sure you get a set of keys for everything, and then change the locks so you have control over who has access to your new home.
Contact local service providers to make arrangements for electricity, gas, water, phone and cable or satellite services. While some providers might only need a day’s notice, it's best to give them a few weeks' notice just in case. You don’t want to have to go without utilities!
At the closing table, you may have received an Owner's Policy. If this service is not available in your area, you will receive your policy by mail in four-to-six weeks.
The original deed to your home will be mailed directly to you, generally within four-to-six weeks.
Written instructions were provided with details for making your first loan payment at the time of closing. You should receive your loan coupon book before your first payment is due. Contact your closing agent or attorney if you have questions or do not receive your book.
Property taxes were prorated between the buyer and the seller based on occupancy time in the home during closing. You may not receive a tax statement for the current year on the home you buy; however, it is your obligation to make sure the taxes are paid when due. Check with your lender to find out if taxes are included with your payment and if the tax bill will be paid by the lender from escrowed funds.
FILING FOR HOMESTEAD
Is your home in a homestead state? If so, you may be required to declare homestead or file a homestead exemption. A homestead exemption reduces the value of a home for state-tax purposes. Please check with the local county recorder's office to determine eligibility, filing requirements and deadlines.
Change your address! Your local Post Office can provide the necessary Change of Address forms to expedite the delivery of mail to your new home. You can speed up the process by notifying everyone who sends you mail of your new address and the date of your move. Many bills provide an area for making an address change.
DRIVER'S LICENSE, VEHICLE REGISTRATION AND INSPECTION
After any relocation, you are required by law to notify your state Department of Motor Vehicles (DMV) so a new driver's license can be issued. You will also need to have your auto registration transferred to your new address and depending on your state, submit to a driving test and vehicle inspection. Check with your state DMV to determine requirements.