You have purchased your home! Now that your home has been purchased, there are a few more things that need to be taken care of, leading up to possession or closing day. The following is not an all-encompassing list, but it will get you started in the right direction, to help you experience a smooth transition between now and when possession or closing day arrives.
Pre-Possession Steps
Organize Documentation:
Store all contracts and important paperwork.
Ensure you have proof of home insurance before your lawyer appointment.
Contact Your Lawyer:
Your lawyer should reach out 7-10 days before possession date.
If not contacted a week before, call them to set up an appointment.
Discuss Property Taxes:
Talk to your lawyer about property tax payment options.
Arrange Utility and Service Transfers:
Make a list of current service providers (utilities, internet, newspaper, etc.).
Contact providers to transfer services to the new property.
Read Moving Tips:
Review the 'Moving Tips' document for advice on planning, packing, and organizing your move.
Update Your Realtor:
Discuss pre-possession walk-through (if applicable) about a week before closing day.
Decide on the process for key exchange on possession day.
Possession Day Steps
Expectations on Possession Day:
Wait for confirmation from your lawyer that all funds and mortgage details are received by the seller’s lawyer.
The seller’s realtor will notify when keys can be released, usually around noon.