What Timelines Should You Follow For Home Possession?

Posted by Jerad Cox on Saturday, October 3rd, 2015 at 3:30pm.

Home Possession Timeline
Prime Edmonton real estate - Home possession is one of the most exciting parts of my job as a Realtor. It can also be a very stressful day for home buyers if they haven't have all of their arrangements taken care of. But how long in advance should you have everything in order?

It is important that you make a list of all of the things to be done to help with a smooth transition. These things include items in the following areas:

Financial - Ensuring that your mortgage professional has all of the required documents from you as well as your signatures on all mortgage documents.

Legal - need to make sure that all of the contracts and contact information for the seller's lawyer and mortgage company.

Utilities - Making sure that power, water, gas, and all related utilities you need in your new home are transferred to your name as of possession day.

Moving - Making sure you have a mover or moving booked, as well as a long list of friends to help the process go easier. And don't forget to get plenty of boxes and tape - it's always better to have too many than too few!

So how early is the right amount of time to contact people in these areas? Well, although it can be somewhat seasonally dependent, I always advise my home buyers to adhere to my 3 step Golden Rule.

The Golden Rule

When planning for your move, my 3 step Golden Rule is : 1) Contact the appropriate people immediately after conditions are lifted, 2 )Ask when they need to have their information from you in, 3) Make sure you have it to them 2 business days or more before their deadline. Doing this avoids any issues and allows you to be able to get excited about moving!

Depending on the time of year and the amount of time between the day you lift conditions and possession day, you will need to make sure that your financial, legal, and moving commitments are established well before the actual moving day. This will involve a lot of meetings and more than few signatures. It is inevitable that a delay still may occur despite your best efforts. However, but following this plan you will do everything you can to make sure that you are ahead of the game and your home possession day is as stress free as possible!

1 Response to "What Timelines Should You Follow For Home Possession?"

The Ultimate Edmonton Home Buyers Guide wrote: [...]All of these people and businesses have a role to play in helping to get you moved and settled in.
What are the timelines - Depending on the time of year and the amount of time between the day you lift conditions and[...]

Posted on Sunday, January 31st, 2016 at 3:44pm.

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