• April 8, 2018

It’s all Smooth Selling from Here: What to do after You’ve sold your home?


It’s all Smooth Selling from Here: What to do after You’ve sold your home?

When it comes to selling your house, you may think your work is done when your for-sale sign switches to sold, but there’s still a lot that must be done before you return to your normal life.

Organize all Documents Related to the Sale, and I Mean All!

These documents could help you gain tax breaks. In some cases, you can get an exemption of $500,000. It’s also important to keep a copy of contracts, so you are aware of the buyer’s and the seller’s responsibilities.

Know Tax Laws or Hire a Good Accountant

Those tax breaks I mentioned above aren’t just going to find you. You must know tax law or hire someone who does to get these great exemptions. One that you might be eligible for after selling your home is a 1031 exchange. In this exemption, you can take the proceeds from one home and apply it towards the purchasing of a new property, which would eliminate the tax obligation. You can also get tax breaks if the home you sell was your primary residence for two out of five years and on home improvements.

Get Ready for the Inspection

Even if you’ve had the home inspected before, an inspector will always find something wrong with the home. If you hire an inspector early and fix any problems they find, the buyer’s inspector will find new problems, and you’ll probably waste a lot of money. You can minimize the number of issues by cleaning the gutters, repainting the outside of the house if it is weathered, caulk around the chimney, windows, and doors, and testing the smoke and carbon monoxide detectors.

Don’t Stay Home During the Inspection

You could make any problems the inspector does find worse or point out things that the inspector wouldn’t have noticed. It’s best to leave the house and let the inspector do his job.

Hire a Moving Company

When you start moving it’s important to hire a reputable company. You can check the Better Business Bureau or the U.S. Department of Transportation if you are unsure about a company. You should also get an in-home estimate. Finally, feel free to ask the company questions about their business to be sure you hired the right people.

Go through your belongings

I can almost guarantee you don’t need or even want everything you’ve collected over the years. Go through your belongings as you pack and donate anything you don’t want.

Clean the House

Cleaning before the final walk-through will keep the buyers happy and ensure you don’t leave anything you want behind.

Call all Utilities to Have Them Shut Off the Day After Closing

Be sure to turn off all utilities the day after closing, so the house will still appear at it’s best for the buyers and they won’t have any reason to back out.

Check all readers

Check all readers especially oil. Often the companies will reimburse you for unused fuel.

Have Your Address Changed

Finally, don’t forget to change your address at USPS.org.

When you sell your home, it can be stressful, but after the sale goes through the nightmare is almost over.  All that’s left to do is complete the list above, and then you can have your old life back.

Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-908-7293 or visit https://josephlewkowicz.com/