There can be challenges for selling mountain homes or other real estate. This week’s blog will share 7 tips for a better home closing. The source for this material came through the National Association of Realtors. This valuable Trade Association shares money saving tips that benefit both buyers and sellers. Through the years, the NAR has seen people lose out on potential savings because they felt they were done in the property sales process. Often the entire process of selling one home and buying another can leave one baffled by all the steps that are required. These following 7 tips could save you additional money at closing time.
Tip #1: Avoid potential hassles by contacting all utility and service providers for; shut off, or transfer to your new address on the official closing date. Make sure automatic scheduling of; fuel oil, propane, or other items is not an unintended gift for the new buyers of your old home. Also be sure your home insurance ends at closing, and refunds of any prepaid premium are paid to you.
Tip #2: Notify important contacts of your change of address, in advance of the closing date. Typically you file post office changes of address paperwork, 2-4 weeks before closing. Obviously, credit card companies, subscription personnel of publications, brokers and financial institutions, as well as friends and families should be informed of the date of the change and new address.
Tip #3: Allow enough time to select a good moving company. If your move is long distance, evaluate what should be moved. Weight is a critical factor. Also, contact your insurance agent to determine the extent of coverage, during the move.
Tip #4: Double check the math on your HUD-1 Settlement Statement, the day before the closing. Everyone is human, mistakes can occur. Make sure your statement is correct.
Tip #5: Along with #4 review all charges on your settlement statement. Were all discounts or promises included? Were critical deal closers omitted? Beware of statement omissions that could set you up for legal liability later on.
Tip #6: Make sure the settlement company credits you for prepaid expenses. These may include; property taxes, homeowner association fees, partial tanks of fuel, etc.
Tip #7; Check all accounts to be sure none of your money is being held in escrow. It is best to get your money right away, rather than to forget about it, or have it lose value over time.
Here at the Jason White Team, we have enjoyed much success because of our great clientele. In return, we do everything possible to help and empower our clients. From our customer geared website with it’s market oriented blogs, to our experienced personnel, we work at giving you a rewarding win/win experience in real estate. As a buyer or seller, we earn your respect one property transaction at a time. Contact us today, at 877-678-2121 and let us assist you in achieving your real estate goals.
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Two Master Suites/Spectacular Mtn View Two master suites with spectacular mountain views of the Great Smoky Mountains and Ober Gatlinburg Ski Resort. Fully furnished for immediate enjoyment of this beautifully decorated chalet. Great for permanent residence or rental. Type: Single Family Home Location: Chalet Village Price: $239,900 Get more information > |
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Update w/ Spectacular Views of Mountains This updated, meticulously maintained home is a beauty! Enjoy the spectacular northern view of the mountains from a level yard on one of many decks. Type: Single Family Home Location:Gatlinburg ,Tennessee Price: $219,900 Get more information > |