Closing day is the day when you finally achieve your goal: you take legal possession and finally get to call your new house your own.
You are sure to feel great relief and satisfaction, but remember that the home buying process isn’t over just yet. There are quite a few things that need to be done on closing day:
- Your lender will provide the mortgage money to your lawyer/notary.
- You must provide the balance of the purchase price to your lawyer/notary along with the closing costs.
- Your lawyer/notary pays the vendor, registers the home in your name, and provides you with a deed and the keys to your new home.
Hiring a mover
It’s time to hire a mover.
Friends or relatives may be able to recommend a professional moving company, but don’t forget to ask the mover for references. Request an estimate and outline of fees (flat rate or hourly charge, etc.). Once you’ve selected a mover, have the representative come to your home to see what’ll be moved and revise the estimate, if necessary. This will reduce any surprises that could’ve popped up later.
During the move, insure your belongings. Your home or property insurance may cover goods in transit, but call your broker or insurance company to be safe. While you’re talking to your insurance agent, ask about the extent of coverage. Many moving companies offer additional insurance coverage. Be aware that professional movers are not responsible for items such as jewellery, currency, or important papers. Move these items yourself.
If you decide to do your own packing, keep in mind that you’ll need the proper materials and that it could take up a lot of time.
The big day
On moving day, go through the house with the van supervisor and provide any special instructions. The supervisor will note the condition of your goods on an inventory list. Go through the house with the supervisor to make sure the list is complete and accurate.
When the van arrives at your new home, mark off the items on the mover’s list as they are unloaded. Remember that even if the movers unload and unpack boxes and remove packing materials, they won’t put dishes or linens into cupboards.
Saying goodbye to one home and neighbourhood and discovering a new one can be very exciting. Just make sure it’s not hectic as well. Plan ahead to transition as smoothly as possible. With less to worry about, you can breathe easy and enjoy your new home.