What Happens AFTER The Closing
It is recommended you keep all records pertaining to your home together in a safe place, including all purchase documents, insurance, maintenance, and improvements.
Keyes to Home
You have been supplied with a set of keys that unlocks the doors to your new home. To ensure security, change the locks upon moving in.
If you have not already done so, contact the local service providers and make arrangements for electricity, gas, water, phone, and cable or satellite services. While some providers may need as little notice as a day to activate your services, it’s best to give them a few week’s notice.
Owner’s Title Insurance Policy
You may have received an Owner’s Title Insurance Policy at closing, if this service is not available in your area, you will receive your policy by mail in four-to-six weeks.
Once recorded in the official county records, the original deed of your home will be mailed directly to you, generally within four-to-six weeks.
At the closing, written instructions were provided with details for making your first loan payment. You should receive your loan coupon book before your first payment is due. If you don’t receive your book, or if you have questions about your tax and insurance escrows, please contact your closing agent.
At the closing, property taxes were prorated between the buyer and the seller based on occupancy time at the home. 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
If the home you purchase is in a homestead state, you may be required to declare homestead of file 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.
Your local post office can provide the necessary Change of Address forms to expedite the delivery of your 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 the address change.
Driver’s License, Vehicle Registration, and Inspection
You are required by law to notify your state Depart of Motor Vehicles (DMV) after any relocation 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.
The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index, in which they compare home prices regionally and by state.
So you’ve decided to sell your house. You’ve hired a real estate agent to help you with the entire process and they have asked you what level of access you want to provide to potential buyers.
In a competitive marketplace, access can make or break your ability to get the price you are looking for, or even sell your house at all.
Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting that home sales will increase nicely in 2019.
When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors.
When it comes to today’s real estate market, though, the top two factors to consider are what’s happening with interest rates & inventory.
The Cost of Buying a Home. A 50-year Flashback
The First Step in Buying a Home
Selling a Home: How Much Has Your Home Increased in Value?
Buying a Home: Where Are Home Prices Headed in 2019?
If you plan on buying a home, it doesn’t make sense to wait!
Search Homes For Sale. We have a complete Multiple Listing Service (MLS) of residential houses for sale in Lake Balboa, Arleta, Reseda, Mission Hills, North Hills, North Hollywood, Panorama City, San Fernando, Sun Valley, Sylmar, Van Nuys, Castaic, Valencia, Canyon Country, Newhall, Stevenson Ranch, Saugus, Santa Clarita, or any other Los Angeles, San Fernando Valley or Santa Clarita Valley Real Estate.