Windsor Realtors Say Keep Utilities On Through Closing

Posted in General Blog | 07/08/2012

Windsor Realtors

Windsor Realtors

A seller may not know that turning off utilities when moving can cause problems, but Windsor realtors know that this is never a good idea.  Some sellers want to stop for financial reasons, others think that it is not necessary to provide a service when the house is basically sold and vacant.  But here are some reasons why it is necessary to keep the utilities.

1.  While a home may be in escrow and a sale is pending, things happen.  The deal may go through, a buyer may change their mind or there could be any number of reasons.  Utilities need to stay on in case of the slim chance the home will go back on the market.

2.  An appraiser will need to perform tests that can only be done when utilities are working.  If an appraisal cannot be completed, the buyer can’t guarantee financing until it is done.  Needless to say, you will have a very unhappy buyer on your hands just to save a few bucks.

3.  Of course, a home inspection requires that utilities also be connected.  There are so many tests that cannot be completed without gas or electric or water that it is a wasted effort for an inspector to even show up to the property if no utilities.  Who wants to tell the buyer that an inspection can’t be done?

4. Security:  What Windsor Realtors will tell you is that your property is yours until the final papers are signed.  So many buyers, with vacant homes, like to have timers on a light fixture as well as outdoor sensor lights to discourage any break-ins.  If a home is vandalized, it is your responsibility and there could be a chance a buyer will walk away once they hear this news.  It’s always a good idea to protect your home even if the possibilities are slim that anything may happen.

5.  It has happened that if a buyer turns off the utilities, accidents happen while they still own the home.  Broken pipes anyone? This is not unheard of if the heat is turned off in the middle of winter.  The damage here can be extreme and once again, chances are you lost a sale.

6.  Finally, a buyer will want a final walk through just before closing.  They want to make sure that the home is in the same condition it was when they purchased it.  If they can’t turn on a light or check the garage door opener for example, chances are, you won’t find a buyer that will be very happy.

To cut back on utility expenses, make sure you turn off lights when leaving, control the thermostat, close blinds or drapes and make sure water valves are secure and tight.

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