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After the Closing- Condo owner Checklist

By
Real Estate Agent with Douglas Elliman Real Estate

After the closing, besides all the excitement of decorating a new apartment and setting up new electric/TV/cable account, we would like to remind new condo owners to organize important documents that pertain to their recent purchase for possible future use such as tax filing, refinance, resale and etc. 


Some of these important files includes:

  • Condo sale and lease application - If you have completed a condo sales application. It is a good idea to keep a copy of what you submitted to the management.
  • Offering Plan/Amendments/House rules and financial statements of the condo - at the time of the condo purchase, the attorney represented you had completed their due diligence of the building, the attorney should have given you these documents at the time of closing. If not, ask the condo management for a copy.
  • Closing Statement of this condo purchase - any documents you have signed at the closing, you should keep a copy. Most of the buyer's attorney will send you a closing statement package with the deed of the property and other related documents you have signed.
  • Loan application and Lender documents - This will be very useful if you financed your purchase for future resale or refinance.
  • Home owner Insurance Certificate - If you obtain home owner insurance, make sure you have a copy of the certificate and insurance agent's contact information.
  • Lastly, a list of all the parties that participated in the purchase of your new condo- this list should have name and contact information of: Buyer, Seller, Buyer attorney, Seller attorney, Bank attorney, Mortgage banker, Bank name, Buyer's agent, Seller's agent and anyone else that played a part of this successful purchase.
Posted by

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Eileen Hsu 許雅嵐 (email: EHSU(@)elliman.com)

Our team specialize in Manhattan New York Condominiums, townhouses, and condops.

We are condominium residents ourselves so we understand the Manhattan New York condominium community. We also enjoy all Manhattan neighborhoods, especially Upper West Side, Lincoln Square, Midtown East, Murray Hill, Financial District, Chelsea, Fifth Avenue, Greenwich Village, Nolita and etc just to name a few. If you or you know someone that may be interested in selling, buying or leasing their Manhattan New York condo, call us today (917)837-8869 or (646)644-6929 and we can discuss your specific Real Estate goals.

Manhattan New York Condo Specialists or Chinese Speaking Real Estate Agent

 

Comments(7)

J. Philip Faranda
Howard Hanna Rand Realty - Yorktown Heights, NY
Associate Broker / Office Manager

Good list Eileen. Anyone coming from a rental or single family home should appreciate the extra complexities of condos and take this list to heart. 

Oct 07, 2011 04:47 AM
Jennifer Chiongbian
Specializing in all types of Manhattan apts & townhouses - Manhattan, NY
Real Estate Broker - NYC

That's a great comprehensive list.  Thanks for sharing.

Oct 07, 2011 04:49 AM
Malinda Montgomery RSPS AHWD TMS-Realtor
Gaffs Realty - Port Orange, FL

Good info for buyer. Thanks!

Oct 07, 2011 04:51 AM
Mike Yeo
3:16 team REALTY - Frisco, TX

Great list for the buyers to get organized. You should include this list as your closing packet to them.

Oct 07, 2011 05:10 AM
Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents

It's always good to be organized and even better when your realtor helps you. That is a great list for your client as the after sale service. :)

Oct 07, 2011 08:08 AM
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Eileen,

I skipped over your list to take a peek at your profile picture.  Great photo!  g

Oct 07, 2011 12:27 PM
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

Thank you Gordon!

Oct 08, 2011 02:41 AM