This is the fifteenth in a series of tips on buying and selling real estate:


You've just closed your house purchase - now what? Buyers have lots to do, besides unpacking and making minor repairs.

They include: getting names and addresses, payment dates, account numbers and amounts to pay for the mortgage, taxes, condo maintenance and utility charges. Notifying everyone about your change of address - from the post office to credit card companies to the provincial health insurer. And don't forget the provincial driver's license and motror vehicle branch; failing to do so could lead to a fine.

Where "911" service doesn't exist, obtain the emergency numbers of police, fire, ambulance, hospital and poison information centres. Learn when garbage and recycling are picked up. Arrange to get the interest on your deposit, if your offer provides for it.

And most importantly, change the locks, or at least the tumblers, on all doors. Who knows how many keys still remain in circulation. Even consider upgrading the locks to deadbolts for greater home security.


Tip No. 1: Buy First Or Sell First?
Tip No. 2: The Advantages Of A Resale Home
Tip No. 3: The Marketing Plan
Tip No. 4: Getting Interest On Your Deposit
Tip No. 5: What Are The "Usual Adjustments"?
Tip No. 6: Insuring Your Mortgage
Tip No. 7: Home Insurance
Tip No. 8: Choosing A Lawyer
Tip No. 9: The Offer To Purchase
Tip No. 10: Home Inspections
Tip No. 11: Surveys
Tip No. 12: The Counter Offer
Tip No. 13: Conditional Offers
Tip No. 15: Deposits - A Vital Part Of Every Deal


Excerpted from Alan Silverstein's Forty Plus One Real Estate Tips. Mr. Silverstein is a Toronto lawyer, author and broadcaster who devotes most of his practice to residential real estate and mortgage financing issues.
This page is provided as a service to the reader.  It is not an advertisement for, nor an endorsement of, Alan Silverstein.  The views expressed are those of the author.