There are a few things to prepare for before you close on your home, townhome, or condo. It can be a stressful process, but you have to go through it carefully before you become a proud home-owner in the Twin Cities of Minneapolis, or Saint Paul. And once the deal is settled, you have to channel your whole energy for the move. Moving from one residence to a new one could be extremely trying, but you can do it efficiently if you plan it carefully.
1. What do I need to do to prepare for real estate closing?
This is the final step in purchasing a condo or a home. Closing the deal is commonly known as simply ‘closing’, or ‘settlement’. You will have to sign a lot of documents, like the mortgage papers, legal disclosures, tax records; most of it prepared by a title company.
The following steps happen during the settlement:
- Per your mortgage requirements, you will pay the agreed amount of down-payment and closing costs.
- The seller will sign the deed of the house / property to you, and will hand over the keys to you as well.
- The title company, or a lawyer, or a notary will register the deed with the Government office in Minneapolis, Saint Paul, or suburb city that will show you as the new owner.
- If you are a seller, you will receive any proceeds earned from sale, once the mortgage balance and closing costs are satisfied.
2. How to prepare and what to do for the move? Moving resource guide
There are a lot of things to do before you move from your old house to your new one. It is better to make a checklist before you start packing. You will need to contact the utility companies for the purpose of transferring service and/or setting-up new service. You may want to visit the city website where your new home or condo is located to view a list of utility companies that service that specific area.
3. Inform the necessary parties about your move
You will need to update your new address with your bank, or banks, and share your new address with your friends, and family. Yes, you can proudly show off that postal code for Minneapolis, or Saint Paul. Update your magazine subscriptions as well.
4. Choosing the items to take with you
If you do not wish to take certain personal items with you to your new home than you may want hold a garage sale and/or donate these specific items to a charity.
5. Hire a professional moving service
You can either move yourself or hire a moving company. Most of the moving service companies will pack the items for you securely, all you have to do is guide them. Once packed, they will move these items for you to your new location.
The cost of professional movers may vary depending on the distance and/or what is a required pertaining service needed. You may want to visit www.angieslist.com for local moving vendors or you can ask your friends or family members for moving company referrals.
It can be stressful when you close on your new home or condo, since there is many factors that go into finalizing your new adventure of purchasing a home or condo. However, it can be rewarding once you have finally closed and moved into your new home. The key to a successful move is carefully planning and organizing each step one by one.
Realty Group, Inc.
Shannon Lindstrom, REALTOR®, AHWD, CRS, GREEN
3495 Northdale Blvd NW Ste 200
Minneapolis, MN 55448