We are excited to have represented you for the closing of the home sale.
You have signed the Seller documents, including the Deed, Bill of Sale, and other materials, and completed the closing. What’s next?
Our office will send to you a scan of the closing documents for safekeeping, and we will provide you with any “hard” copies that you wish to have.
You will contact utilities (other than water department) to advise them that the property is sold and that as of midnight on the date of closing the utility account should be removed from your name, and tell them where to send your final billing (or perhaps you already have).
You will reach out to the property insurance company to advise them that you have sold the property and closed the sale. This way, if your insurance for the property has been prepaid for any period beyond the closing date, you will be able to request a refund of premiums for the insurance policy (your insurance agent should be able to do that without a concern).
You will put in a change of address with the US Postal Service and contact anyone who you know may be sending important packages or mail, so that they have the new or forwarding address.
You will confirm that any contracts for service (landscaping, snow removal, water softener supplies, HVAC maintenance) that have been in place for the property address are canceled (or perhaps transferred to the new owner).
You will review, once more, the handling of the County real estate taxes post-closing. This includes taxes that will come due in the year or more following the closing for dates of your ownership pre-Closing. If the tax bill comes to you, as the Seller, it is not your bill to pay. Notify our office that you received this.
Finally, you will reach out to your accountant/tax preparer to find out what information they would like to see (usually only the Settlement Statement from the Closing). In this way, they can discuss with you the need to pay any capital gains taxes relating to the sale, or confirm with you that there will be no taxes to be paid.
