Things to do After Selling a Home
Change your mailing address with the United States Postal Service.
Gather and store transaction documents and home improvement receipts.
Cancel the utilities.
The day that escrow closes, call the various utility companies and cancel the utilities.
Change your mailing address with the United States Postal Service.
Change your mailing address with the United States Postal Service to your new home.
Cancel your home insurance.
The day that escrow closes, contact your home insurance company and cancel the home insurance, and ask them to provide you a pro-rated refund of any unused portion of the premium that you previously paid.
Moving checklist
Prepare your move to your new home.
Gather and store transaction documents and home improvement receipts.
After you sell your home, be sure to gather and store all documents related to the sale of your home, including the final settlement statement, which you receive from the escrow company. Also compile and save receipts for improvements you made to your home. When you file your income taxes, you will need documentation for the expenses and proceeds of the sale of your home. (These are also needed in the event that you are audited.) For capital gains calculations, you are able to add the cost of the improvements to your home to the total cost basis, which reduces your capital gains tax liability.
