Post Closing Guide: For Buyers

 

You have just closed (or are about to close) on your new property. Congratulations!

 

Below is some information that can be helpful to every new homeowner.

 

Please note that every deal is unique and the process below is just a general overview.  Contact us with further questions.

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1) CHANGE THE LOCKS

Regardless of what neighborhood your property is in or how expensive or fancy the lock is, you should always change the locks as soon as possible.  Who knows how many people have a copy of your key?

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2) CONNECT YOUR UTILITIES

The Seller had most likely closed all of his/her utility accounts right before Closing.  You should call the utility companies and set-up new accounts under your name.  These include Gas, Electric, Water (if applicable), Phone, Internet, Cable, and other utilities.  

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3) STAR APPLICATION

New York offers tax reductions for primary residences if certain income restrictions are met. Everyone should fill out a Star Application if he/she meets the requirements for obtaining it.

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4) MORTGAGE PAYMENTS

If you had obtained a mortgage and are making your first payment, please make sure to monitor the receipt of the first payment as these quite often get lost on brand new accounts.

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5) CHANGE YOUR FORWARDING ADDRESS

Don’t forget to change your forwarding address and Driver’s License to the property address (if this will be your primary residence of course).