As a home buyer, there were many tips you must have followed to ensure a smooth flow in your home purchase. And finally, after the actual closing, congratulations on being a new homeowner! However, the work doesn't stop after arranging for movers to bring your stuff and ordering new appliances. There are many tasks and responsibilities associated with homeownership, and many of those tasks should be accomplished right away after closing (and yes, even before you move in). Accomplishing these tasks will eventually help you become more contented with your home purchase and live your life comfortably in your new place.

1. Replace the locks

Changing the locks is the most urgent (and obvious) thing to do after getting your new home. After all, there's no way you can make sure how many copies of your house keys exist or even know the people who have them. Yet, many new homeowners still refuse to spend a few hundred dollars to change the locks or re-key them.

It is highly advisable to change the locks on your new home for security purposes. You and your family’s safety should be paramount, and the peace of mind knowing that you’re the only one who has the keys to your new abode is more valuable than a few hundred dollars.

If your home is equipped with smart home technology features such as keypad door locks, you should update the keypads and codes after closing. Check for the instruction guides of these electronic keypad locks to know how to change the codes. Don’t forget to update the garage keypads as well if the garage can be opened using the same technology.

 

2. Store important documents in a safe or in a filing cabinet

It’s important that you make copies of all the documents and paperwork involved from your home purchase and the closing process, specifically your closing statement. You will be needing one of these documents in the future, especially when it’s already time to file your taxes. Store these documents in a safe place, such as a safe or in a filing cabinet, so you know where to find them. It’s also best to keep copies of the documents in a secure cloud-based website or in Google Drive or Dropbox.

 

3. Change your mailing address and inform important people and groups about your move

Alerting important people and groups about your new address is another major task that buyers must do after closing on a home. First and foremost, alert the United States Postal Service about your move so that important mails will not be delivered to the wrong address. You can conveniently update your address online at the USPS website.

Aside from the USPS, also inform your friends and relatives, the company where you’re working to avoid issues with your workplace benefits, as well as insurance and utility companies. Don’t forget to also update your address in your bank accounts and in your newspaper or magazine subscriptions. If you have children, also alert their school or educational institution about your family’s move.

 

4. Inspect the water and electrical systems and take care of the home’s essentials

You must have checked the water and electrical systems during your final walk-through with your agent a few days before closing. However, before settling in, check the water heater again and make sure you know the right procedure if you want to adjust the water pressure. You also need to make sure that the HVAC system has a new filter. Familiarize yourself with the location of the shut-off valves and the main circuit breaker so you won’t have to search for it during a homeowner emergency. Likewise, also locate and test the smoke detectors and fire alarms. It will give you peace of mind knowing that every system in your home is functioning properly.

After alerting the important parties of your change of address, don’t forget to also set up your utility accounts, including water, gas, electricity, phone, internet, and so on. If you are still within the same area, you can call these companies to let them know that you’ve moved and transfer your account to your new address. Otherwise, research your local options and set up these necessary services before moving in.

 

5. Perform a deep cleaning

Completing a deep cleaning is highly recommended after closing on your home and even before you move. If it seems like the previous owner has cleaned up well, then the job will be easier for you. Besides, it’s easier to clean when the house is still empty — even before moving in your things and before the furniture arrives. There will be no obstruction in the way and you can access hard-to-reach places. If you don’t want to do the deep cleaning yourself, hire a professional company or a house cleaner to do it for you.

 

6. Create a home maintenance checklist, a plan for future upgrades, and a plan for emergencies

One of the major responsibilities of being a homeowner is doing home maintenance tasks, so it’s recommended that you start a home maintenance checklist right away. It just means you take your responsibility seriously and want to avoid having unnecessary stress by not planning for these huge repairs and expenses beforehand. Prepare your maintenance checklist and break down the tasks by seasons or months so that you won’t be easily overwhelmed.

A separate checklist could also be created for your plans for possible upgrades, including both short-term and long-term upgrades and improvements. You could use the home inspection report given to you by the home inspector to help you create a feasible home improvement plan.

It’s critical to note that being a homeowner also means planning for emergencies. Yes, already! You don’t have a landlord now whom you can call anytime, and you also can’t research the names and numbers of the plumbers in your area when the toilet is already clogged or broken. Know the trusted tradespeople or professional companies in your area by asking recommendations from the neighbors or searching online. It also won’t hurt to make an emergency plan for you and your family in case of fire or flood. Look up the numbers of local emergency services aside from 911, create a copy and put them on the fridge where everyone can easily see it. Also, research the local health professionals or local health care providers for any of you and your family’s health concerns.

 

7. Do any improvements or urgent repairs needed

Once the deep cleaning was completed and the maintenance and upgrades checklists were prepared, you’re now a step closer towards customizing your home. Because it’s easier to do work in the house when it’s still empty, start doing those low-cost home improvements and personalized touches that you want to do even before closing. Freshen up the paint on the walls and ceilings and accomplish the small but relevant repairs before finally settling in.

 

8. Explore smart home technology options to add to your home

More and more homes are being equipped with smart home technologies nowadays. And with a new piece of technology being released almost every day, you should explore smart home technology options that interest you and which you can apply or install in your home. When you were still a home buyer, you must have thought of these features as an additional factor in the home you choose, but if you decide to sell your house later on, these advanced features could also be a great factor, especially for tech-savvy buyers.

Investigate smart home technology options that will greatly benefit you as a homeowner. Choose if you want to have the Amazon Echo or Google Home, or maybe it will be helpful to install programmable thermostats that you can control using your smartphone. You can also research remote-controlled smart bulbs, or install electronic keypad door locks if your home still doesn’t use one.

 

9. Know your community

After accomplishing most of these tasks to make your home more livable, take the time to meet the neighbors and know more about the community you now belong to. Perhaps you’ve already met some of them during your house-hunting or home buying process. But after you’ve moved in, knowing your neighbors is a good opportunity to exchange contact information with them in case of an emergency and get truly acquainted with the community. Ask them about the local events around the area, the groups or associations they belong to, as well as local activities. Reach out to the HOA and find information about local social gatherings and activities.

 

10. Give yourself a break or take a few days off

Your last few weeks must have been full of adrenaline rush and stress brought about by the home buying purchase, the actual closing, fixing all the necessary repairs and doing improvements, and moving and unpacking your stuff. But at long last, congratulations! You’ve just accomplished the American Dream of owning a home. The reality may come as still a bit fuzzy for you, but you’ve done it. So don’t forget to reward yourself with a few days off — bask in your sunlit porch while reading your favorite book or enjoy your outdoor pool just as you dreamed it. You can even throw a housewarming party to formally celebrate and share this important milestone with the people you care about.


12 Reasons Why This is a Better Market for Buyers

I TALKED TO A LOT OF POTENTIAL BUYERS AND SELLERS EVERY DAY WITH WHAT I DO AND INEVITABLY A COUPLE OF TIMES A DAY I'M GONNA HAVE PEOPLE THAT I'VE BEEN TALKING WITH JUST SAY, I'M GONNA WAIT TO BUY. I'M JUST GONNA WAIT AND YOU KNOW, IN MY HEAD, I'M THINKING, WAIT FOR WHAT YOU THINK, INTEREST RATES ARE GONNA GO BACK DOWN TO TWO OR 3%. I DON'T THINK WE'RE GONNA SEE THAT AGAIN IN OUR LIFETIMES. I REALLY DON'T UM I HOPE I'M WRONG ABOUT THAT. UM BUT I JUST, I DON'T SEE IT HAPPENING. WHERE THE PRICES AREN'T CRASHING DOWN. WE'RE STILL, IT'S STILL A SELLER'S MARKET, THERE'S STILL UM MUCH MORE DEMAND THAN THERE IS SUPPLY OF HOMES. AGAIN, I STARTED THINKING, I GO, WHAT ARE SOME OF THE REASONS WHY THE MARKET IS BETTER FOR BUYERS AS WE SIT HERE IN THE, YOU KNOW,THE LAST QUARTER OF 2022 VERSUS HOW THINGS WERE FOR YEARS ENDING IN WHEN THE MARKET SHIFTED RIGHT AROUND EASTER THIS YEAR. THAT'S WHEN THE MARKET CHANGED. SO I CAME UP WITH 12 PROS AND ONLY ONE CON. SO LET ME SHARE THOSE WITH YOU.

 

PRO NUMBER ONE IS A SELLER PAID CLOSING COSTS. THESE SELLERS WERE NOT PAYING ANYTHING UH FOR YEARS, IN MOST INSTANCES, YOU KNOW, THEY PAY THEIR, THEIR REAL ESTATE FEES, DOC STAMPS IN THE DEED, BUT YOU'RE BUYING, YOU KNOW, YOU AS THE BUYER WOULDN'T WOULD HAVE TO COME OUT OF POCKET FOR JUST ABOUT EVERYTHING ELSE. WE'RE GETTING SELLERS TO PAY, CLOSING COSTS IN SOME INSTANCES NOW AS A NEGOTIATION POINT. SO THAT'S EXCITING. IT'S LESS OUT OF POCKET FOR THE BUYERS.

 

THE SECOND REASON IS SELLER PAID RATE BY DOWN. WHAT WE'RE DOING IN SOME INSTANCES IS RATHER THAN REDUCE THE PRICE, WE'RE TAKING THAT MONEY THAT YOU WOULD NEGOTIATE WITH THE SELLER AND HAVING THE SELLER BY YOUR RATE DOWN. SO I MEAN THAT'S EXCITING TO BUY IT DOWN. MAYBE, AS WE'RE SITTING HERE IN OCTOBER, THERE ARE 7%, YOU CAN BUY IT DOWN TO SIX, MAYBE EVEN FIVE. SO THAT'S SOMETHING THAT WASN'T GOING TO HAPPEN IN THE PAST.
 

THE THIRD IS THE SELLER PAID TO ONE RATE BY DOWN. AND WHAT THAT IS IT'S A NEW, IT'S A NEW PROGRAM THAT A LOT OF LENDERS HAVE WHERE THE SELLER BUYS DOWN YOUR RATE AND IT'S 2% LESS THE FIRST YEAR. SO IF IT'S 7% YOU'D PAY 5% THE SECOND YEAR, IT'S 1% LESS. SO IF IT'S 7% YOU PAID SIX AND THE THIRD, YOU'D BE AT SEVEN IN THE THIRD AND BEYOND, YOU'D BE AT 7%. OKAY? BUT HERE'S THE DEAL WITH THAT THAT GETS YOU THAT GETS YOU ABLE TO AFFORD MORE HOUSE HERE IN THE SHORT TERM AND THERE'S GONNA BE OTHER,ONE OF TWO THINGS WILL HAPPEN IN THE IN THE FUTURE EITHER THE FIXED INTEREST RATES ARE GONNA COME DOWN SO YOU CAN REFINANCE OR THERE'S GONNA BE OTHER LENDING PRODUCTS THAT ARE GONNA COME OUT MAYBE ARMS UM LOOK THEM UP WITH OTHER SOLUTIONS TO,BECAUSE AFFORDABILITY IS AN ISSUE NOW WITH THE RATES GOING UP IN THE PRICE INCREASES IN RECENT YEARS. SO THAT'S ANOTHER OPTION FOR YOU ON THE TABLE.

THE FOURTH REASON WHY BUYING A HOME CAN BE BETTER HERE NOW AT THIS POINT IN 2022 THAN IN RECENT YEARS IS SELLER PAID REPAIRS. UM YOU KNOW, SELLERS DIDN’T WANT TO DO ANYTHING. IN FACT, THEY SOME OF THEM DIDN'T EVEN WANT BUYERS TO HAVE INSPECTIONS FOR HEAVEN'S SAKES. NOW THE SELLER IS THE SELLERS ARE GOING AHEAD AND MAKING YOU KNOW, REPAIRS ON THEIR PROPERTY BEFORE PUTTING THEM ON THE MARKET. THEY'RE REPLACING ROOFS, YOU KNOW, IF THEY NEED TO REPLACE ROOFS AND THERE'S ALL SORTS OF THINGS THAT THE SELLERS ARE WILLING TO DO THAT THEY WERE RESISTANT TO DO IN RECENT YEARS JUST BECAUSE THERE WAS SO MUCH DEMAND.

 

THE 5TH REASON IT'S BETTER TO BUY A HOME IS SELLER PAID IMPROVEMENTS. SELLERS ARE GOING AHEAD AND MAKING IMPROVEMENTS TO THEIR HOME PRIOR TO PUTTING THEM ON THE MARKET WHERE UM YOU KNOW, WHEREAS BEFORE THERE WAS JUST ABSOLUTELY NO REASON TO, SO, YOU KNOW, YOU AS THE BUYER ARE GONNA BENEFIT FROM THAT BE THE ONE THAT WILL BENEFIT MOST FROM THAT.

 

THE SIX POINT OF WHY THIS IS A BETTER HOME FOR A BUYER TO BUY TO BUY MARKET IN RECENT YEARS IS PRICE NEGOTIATION. THERE WAS NO NEGOTIATION AND PRICE PREVIOUSLY IT WAS, HOW MUCH ARE YOU WILLING TO PAY OVER LIST PRICE? TO TRY TO GET THE HOME RIGHT AS CRAZY AND PEOPLE ARE PAYING, YOU KNOW, PEOPLE ARE PAYING, YOU KNOW, $6100 OVER LIST PRICE. THEY WERE GIVING AWAY THEIR SEASON FOOTBALL TICKETS. I MEAN, MAD TRIPS, its MADNESS. OKAY, ALL THAT'S GONE. SO WE'VE GOT PRICE NEGOTIATION NOW, THAT'S THE WAY IT SHOULD BE.

 

THE 7TH REASON WHY THERE'S IT'S BETTER TO BUY A HOME HERE IN THIS MARKET THAN THE PREVIOUS MARKET IS YOU PAY LESS THAN ASKING PRICE. RIGHT? YOU FIND OUT IF THERE'S ANY OTHER COMPETING OFFERS, IF THEY'RE NOT, WE CAN NEGOTIATE A LITTLE BIT RIGHT? SO, I MEAN, THAT'S EXCITING, YOU GET A BETTER DEAL THAT WAY.

 

THE 8TH REASON WHY IT'S BETTER TO BUY A HOUSE IN THIS MARKET THAN THE PREVIOUS HOT MARKET. YOU DON'T HAVE TO WAIVE INSPECTIONS, OKAY, WAIVING INSPECTIONS IS A TEAR. IT WAS A TERRIBLE IDEA, BUT I MEAN, PEOPLE HAD TO DO IT TO GET A HOUSE RIGHT? UM YOU WANT TO MAKE SURE THAT EVERYTHING IS AS YOU WANTED TO BE BEFORE YOU BECOME THE OWNER OF THAT HOME AND UM, YOU KNOW, NOW WE'VE GOT TIME TO DO INSPECTIONS AGAIN AND JUST MAKE SURE, YOU KNOW, IT'S A, IT'S THE SMART INVESTMENT FOR YOU. SO THAT'S BACK IN PLAY.

THE 9TH REASON WHY THE MARKET IS BETTER NOW FOR BUYERS THAN IT WAS IN THE RECENT HOT MARKET IS INSPECTION NEGOTIATIONS, OKAY. UM, EVERYTHING WAS AS IS BEFORE FOR THE MOST PART, OR VERY, VERY SMALL, REPAIR LIMITS THAT WERE PUT ON THE, PUT ON THE CONTRACTS AND UH, NOW YOU CAN GET STUFF FIXED. YOU KNOW, IT'S A LOT EASIER. IT'S A LOT EASIER TO GET A FIXED SELLER, TAKE CARE OF IT BEFORE YOU MOVE IN AND THEN HAVE IT BE YOUR PROBLEM ONCE YOU BUY IT.

 

 

THE 10TH REASON WHY IT'S BETTER FOR BUYERS TO BUY NOW THAN IT WAS IN THE PREVIOUS HOT MARKET IS YOU GOT TIME TO THINK IT OVER RIGHT SO MANY BUYERS JUST NEEDED A HOUSE, RIGHT? AND I MEAN, IT'S LIKE, YOU GOTTA, YOU GOTTA DECIDE RIGHT NOW, YOU KNOW, IT'S IN, YOU KNOW, OFTENTIMES THE BUYERS WERE SETTLING FOR A LOT OF STUFF THEY REALLY DIDN'T WANT JUST BECAUSE THEY NEEDED A PLACE TO LIVE. SO YOU GOT A LITTLE BIT OF TIME TO THINK THINGS OVER AND JUST MAKE SURE THAT THIS IS GONNA BE THE RIGHT MOVE FOR YOU.

 

 

THE 11TH REASON WHY IT'S BETTER TO BUY A HOME IN THIS MARKET THAN THE PREVIOUS HOT MARKET IS YOU CAN HAVE CONTINGENCY CON CLAUSES IN YOUR CONTRACT, YOU CAN'T HAVE THAT, I MEAN, PREVIOUSLY, IF YOU HAD A CONTINGENCY CLAUSE, WHY WOULD THE SELLER EXCEPT THAT WHEN THERE'S YOU KNOW 10 OTHER OFFERS OR 20 OTHER OFFERS THAT DON'T HAVE THAT RIGHT? MAYBE GOT A HOME TO SELL. NOW YOU CAN FIND A HOUSE, YOU KNOW, THAT'LL FIND A SELLER THAT'LL TAKE A CONTINGENCY ON THE SALE OF YOUR HOME AND YOU CAN TIME EVERYTHING BETTER THAT WAY AND YOU KNOW, HAVE A LOT LESS STRESS.

 

 

THE 12TH REASON WHY IT'S BETTER FOR BUYERS TODAY THAN IT WAS IN THE PREVIOUS HOT MARKET IS YOU'VE GOT LONGER CONTRACT TO CLOSE IF YOU WANT IT RIGHT THERE, THEY'RE NOT PUSHING TOO CLOSE AND YOU KNOW, 20 OR 30 DAYS LIKE THEY WERE IN THE PREVIOUS MARKET. SO YOU'VE GOT LONGER TIMEFRAMES, YOU KNOW, MAYBE YOU'VE GOT A HOME TO SELL OR YOU KNOW, YOU JUST DON'T WANT TO MOVE FOR A CERTAIN PERIOD OF TIME, YOU NEGOTIATE IT OUT NOW.

AND OF COURSE, THE ONE CON OF BUYING TODAY AND IT'S A VERY SHORT LIST IS THAT INTEREST RATES ARE HIGHER, RIGHT? UM YES, THERE'S STILL HISTORICALLY LOW EVEN AT 7%, BUT IT'S A LOT HIGHER THAN THREE. AND UH WE UNDERSTAND THAT, BUT YOU KNOW, LIKE WE ALWAYS SAY UM MARRY THE HOUSE AND DATE THE RATE UM THEY'RE GONNA COME BACK DOWN. I MEAN THERE'S GONNA BE OTHER PRODUCTS THAT ARE GONNA SHOW UP. UM IT'S A LOT BETTER TO BUY AT 7% THAN IT IS IF IT GOES UP TO 10 OR 12 AND THERE'S A LOT OF REALLY SMART PEOPLE OUT THERE WHO ARE SAYING IT'S GONNA GO UP TO 10 OR 12 BEFORE THIS IS ALL SAID AND DONE. SO 7% ISN'T GONNA LOOK SO BAD WHEN THAT DAY COMES. SO AND AGAIN LIKE I SAID, YOU CAN ALWAYS REFINANCE LATER IF YOU WANTED TO. UM THERE'S GONNA BE ALL SORTS OF OTHER PRODUCTS THAT WILL COME OUT. BUT YOU KNOW AT LEAST YOU CAN GET THE HOME YOU WANT AND LIVE YOUR LIFE. AND WHEN THAT DAY COMES YOU'LL HAVE OTHER OPTIONS. IF I CAN HELP YOU WITH ANYTHING BUYING OR SELLING, JUST REACH OUT TO ME. YOU CAN IF YOU'RE SEEING THIS ON SOCIAL MEDIA, GO AHEAD AND DIRECT MESSAGE ME, I'LL BE THE ONE ANSWERING YOU SO MAKE SURE THAT YOU DO IF YOU TALK TO ME I WILL BE THE ONE TALKING TO BACK, IT WON'T BE AN ASSISTANT, IT'LL BE ME. AND SO JUST KEEP THE CONVERSATION GOING. IF HE COULD AND UM IF YOU PREFER YOU CAN CALL OR TEXT ME AT 85O-677-1630. YOU FOUND THIS HELPFUL GO AHEAD AND LIKE THIS, SHARE IT WITH ANYBODY THAT YOU MIGHT KNOW UM PUT IN THE COMMENTS WHAT YOU THINK ABOUT THIS PROS AND CONS LIST. AND UM IF YOU WANT TO FOLLOW ME ON INSTAGRAM YOU CAN FOLLOW ME @MEETSCOTTGREGORY, LOOK FORWARD TO TALKING TO YOU SOON. TAKE CARE!

 

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