1. Pre-Closing Preparation
- Gather Required Documents and Items, such as:
- Original Property Deed
- Identification (government-issued)
- Keys, garage remotes, alarm codes
- Any written warranties or manuals
- Receipts for completed repair work
2. At the Closing Table
- Understanding Legal Documents: Have your attorney explain all legal documents to ensure complete understanding before signing.
- Verifying Buyer's Funds: Ensure verification of the buyer’s funds transfer to avoid delays.
- Funds Distribution: Understand how the funds will be distributed, especially if there are liens or mortgages to be paid off.
3. Key Handover Protocol
- Access Information: Provide all relevant access information, including alarm codes, gate codes, etc.
- Maintenance Records and Manuals: Hand over maintenance records, appliance manuals, and other relevant documents.
4. After Closing
- Documentation: Retain copies of all closing documents for your records.
- Notification to Service Providers: Notify all relevant service providers, homeowners associations, etc., about the change of ownership.
- Cancel or Redirect Mail and Subscriptions: Ensure that all mail and subscriptions are redirected to your new address.
- Tax Implications: Consult your tax advisor to understand any tax implications related to the sale.
5. Common Pitfalls and Solutions
- Unexpected Delays: Have a contingency plan for unexpected delays, such as a back-up moving plan.
- Legal Compliance: Ensure strict compliance with all New Jersey real estate laws to avoid last-minute legal hitches.
- Communication Breakdown: Maintain open lines of communication with all parties to avoid misunderstandings.
6. Emotional Aspects
- Saying Goodbye: Consider visiting the property privately to say goodbye and gain emotional closure.