Real Estate Purchase Post-Closing Checklist

After completing the pre-closing checklist and successfully closing and funding a real estate transaction, the buyer should take the following actions:

• Set up utilities/cable;

• Set up the alarm and security system for the property, including obtaining a city alarm permit;

• Arrange for and negotiate construction agreements for any construction services, including obtaining required permits;

• Change ownership of the property with the county appraisal district;

• For primary residences, apply for the homestead property tax exemption and any other relevant exemptions (i.e. over 65 tax exemption) at the appropriate time;

• If desired, apply for confidentiality in the public tax and voter registration records;

• Execute any leases related to the property;

• Interview and retain property managers;

• Notify third parties of the change of address, including the IRS, co-parties to important contracts and agreements, and customers and clients;

• Update address on social media and other online business profiles;

• Set up mail forwarding and submit a change of address to the US Postal Service;

• Update company internal documents and registered agent or address with the state;

• Notify any property managers and tenants;

• Store closing documents in a safe place after receipt from the title company.

While every property and transaction is unique, this list attempts to give buyers a guideline for some of the decisions and tasks to be completed after a successful real estate closing.For questions about this, or any of your real estate or estate planning goals, don’t hesitate to reach out.