Congratulations on going under contract on a new home! This is an exciting time in your life, but it’s important to remember that there are still a few things to be done before the sale is finalized. In this blog post, we will outline five essential things to do after going under contract on a home.
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Make Sure Financing Is In Order
Now that you’re under contract, it’s important to make sure your financing is in order. You should have a pre-approval letter from your lender, but now is the time to apply for your actual mortgage. You’ll need to provide additional documentation, such as pay stubs, bank statements, and tax returns. Make sure to submit everything promptly and respond to any requests from your lender quickly to prevent any delays in closing.
Schedule A Home Inspection
A home inspection is a crucial part of the buying process. You don’t want any surprises once you move in. The inspector will evaluate the condition of the home and identify any issues that need to be addressed. You can use the results to negotiate repairs with the seller or ask for a price reduction. Schedule the inspection as soon as possible to allow time for any necessary repairs or further negotiations.
Purchase Homeowners Insurance
Before you close on your new home, you’ll need to purchase homeowners insurance. This will protect your investment should anything happen to the property, such as damage from a fire or a severe storm. It’s important to shop around for the right insurance policy. Compare rates from different providers and make sure you have adequate coverage for your needs.
Set Up Utilities
Don’t forget to set up utilities for your new home. This includes electricity, gas, water, and sewer services. It’s important to set these up in advance so that you have everything in place when you move in. Contact each utility provider and let them know the date you’ll need services to start. This will ensure that you have a smooth transition from your current home to your new one.
Take Measuring Tapes and Create a Plan
To be prepared for moving in it can be so helpful to create a plan that includes measurements of your new home. You can start taking measurements using your existing furniture to determine room dimensions and plan for how you will organize each room. This will help you make the most of your space when you move in.
Conclusion
Going under contract on a home is an exciting time, but there is still work to be done before the sale is finalized. By following the steps we’ve outlined in this blog post, you can ensure that everything is in order before closing day. Taking care of these essential tasks will give you peace of mind and a smooth transition into your new home. Happy moving!