What Do You Do After You Sell Your Home?

Posted by Admirals Cove Homes on May 22, 2014 in Home, Real Estate | 0 comments

So you have closed on your home and now all of your work is done right? Wong, there is much, much more that you can and should do. After the sale of your home has come through you should consider doing the following things. These things will help a great deal after you are done selling your home.

1.)   Collect And Keep All Of Your Paperwork: It is imperative that you collect and keep any and all of the paperwork that you have related to the closing and settlement of your home. Even though it may be tempting to consider shredding all of your paperwork it will come in very handy when tax time comes.

2.)   Rectify Your Change Of Address Notice: It is extremely important to you and your family that you rectify your change of address as soon as you possibly can. The U.S Postal Service suggests that you consider completing your change of address notice as early as 30 days prior to your move.

3.)   Put Your Cash In A Money Market Fund: Unless you plan on buying a new home right away it is extremely important that you consider putting the revenue from the sale of your home into a money market account. This is a very safe place to put your money that will afford you with a reasonable amount of return.

4.)   Stay On Top Of Tax Laws: Due to the fact that tax laws tend to change often it is very important that you keep on top of them. For example a past law may not allow you to exclude a portion of your sale from tax but a recent one will. You will want to be sure and keep up to avoid loosing any money.

5.)   Choose Your Buying Agent Carefully: Just like when you put a great deal of time and some very careful thinking into choosing your seller’s agent it is as important when it comes time to choosing your buyer’s agent. Buying and selling real estate take different skills so you want to keep this in mind.