Things to Do After Signing the Documents to Your New House
Just because you already closed a deal when buying a property doesn’t mean it’s over.
Unless you have the documents with you, there’s still a long way to go. It’s better to have a real estate agent helping you with the legal aspect of buying a house.
The only thing to do is analyze the papers and sign them. The agent will do the rest for you. If you worked with an agent that handles houses for sale in Essex, it’s a stress-free process.
However, even if you have already signed the documents, you still have to do a few more things. Here are the 10 things that you can do once you have completed signing the documents.
Top 10 things that you can do after buying a real estate property
In this section, I will provide you with the top 10 things you can do once you sign your property papers.
Store the property documents
Once you are done buying a house or a piece of land, you should immediately make atleast a set of 4-5 photocopies of all the documents which are related to the purchase.
Now, if you took out a loan to buy your new house, then I would suggest you take a photocopy of all the papers. This way, you will have a record of all the papers before handing them over to the bank. (Trust me! It becomes difficult to get a photocopy of your documents from the bank)
Now comes the safety and security of the papers. I think it can be very convenient to store the set of original documents in either a bank safe or your own electronic safe.
You can store the photocopy sets in three different locations. One set can be stored at home, another with someone trustworthy, and the last one in your office drawer.
Keep a digital copy
While the original copy is essential, you also need to keep a digital document. If something wrong happens with the original, there’s still another one. There might also be some instances when you need to show a digital copy of the documents, especially for loan applications. They come in handy if saved as a digital file.
Talk to your real estate agent
If there are other things you need to do, you should ask your real estate agent. You don’t want to assume that the process is over when it isn’t. Since your agent knows all the details, you can have a conversation on what to do next. You might also have other fees to look into.
Clean the house
If someone else lived in the house before you bought it, ask for deep-cleaning services. You can’t move in unless you’re confident with how clean the property is. You still have a long way to decorate the place, but deep cleaning should be the priority.
Look for repair issues
Before you purchase the house, it helps if you already looked into the repair problems. You can decline the deal if there are major repair problems. If not, you can request a lower price since you will spend a lot on the repairs. Prioritize the serious issues to avoid inconvenience once you already moved in.
Know the area
Apart from your house, you should also be familiar with the neighborhood. It should be easy to access different locations. From hospitals to department stores, you should know where they are. If there are emergencies, you know where to go.
You also have to know the people who live next door. Introduce yourself and bring a gift. It helps if you start with the right foot forward.
Watermark all of your sale deed
The moment you are done with registration, you may need to hand over a set of photocopied documents for electricity meter transfer, tax transfer, etc. In general, people seek help from the agents to manage all the paperwork or hand over the photocopies.
But this can be unsafe as well. Some might misuse the details related to the sales deed.
Thus, I would advise you to watermark all your documents. You can use Adobe Writer and add a watermark such as “Do not Copy.”
You can always add a watermark to your documents before handing them over to government agents and offices.
Make a will
Property investment has always been considered a big investment. Thus, it is necessary to make a will where you will mention who will inherit the property if something uncertain occurs.
Let’s accept the fact that life is unpredictable. So, we will never want our dependents to suffer when we are not around. Thus, it is our responsibility to take good care of them. So, don’t forget to make a will for your newly purchased property.
Check the property papers with a lawyer
It is absolutely crucial to check all the property papers with a good and professional property lawyer. They can help you find out if you have missed any administration in particular. Moreover, they can also help to check if the process has covered all the rules and regulations.
Don’t forget to update your records
Once you are done with the registration, you must update your address in different documents such as:
- Passport
- Banks
- Investment paper
- Driving license
- Ration card
- Voter ID card
Moreover, you also need to update your permanent address once you buy the house (yes! Even though you are not planning to stay there).
Bottomline
Hopefully, you can get things done before moving to your new house. You don’t want to experience issues if you already settled. If you decided to get a mortgage loan, understand the terms well.
Be responsible for paying the monthly fees to avoid fines and high-interest rates. If you wish to improve the property, don’t rush the process. Take it one step at a time. Otherwise, you will be under immense pressure. You might not afford the cost too. Home improvement takes time and financial resources.
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