I am buying my first house, and will hopefully be moving in within a month or so, but I am unsure of what to do about the utility suppliers. The current owner has given me a list of all their current suppliers, but do I have to contact them all and let them know that I will be taking over the property? Or will the current owner do this? Will I need to know my exact completion date before I can contact the suppliers? All answers are greatly appreciated - Thanks
2007-06-29 03:05:16 · 14 answers · asked by fairyprincesscorinne 3 in Business & Finance ➔ Renting & Real Estate
For eletric all you have to do is call the company and tell them to switch you over on your closing date. Gas should be the same.
Water bills is usually handle by the lawyers, HOA, or sometimes the title company. But double check with your realtor on that.
CAble/TV/Internet is all on you. you have to make arrangements for that and start a new program.
A good realtor should be able to talk you through all this. So if you are using one, let them earn your money and help you out with any questions like this.
2007-06-29 03:08:49 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Since it is your first time buying a property I would contact all of the suppliers used when you have moved in and tell them that with effect from _____ you have taken over ownership and that their bills should be adjusted accordingly.
They do this all the time.
It is daunting when moving into a new property and if you dont like the suppliers the previous owner has used there is no onus on you to keep the same ones you can easily switch if its more comfortable for you.
2007-06-29 03:15:36 · answer #2 · answered by rafena 1979 3 · 0⤊ 0⤋
You can only contact the suppliers once completed as you will not own the property until then. Make sure meter readings are given to your solicitor by the current owners and also make a note of them when you move in.
2007-06-29 03:15:02 · answer #3 · answered by Annie M 6 · 0⤊ 0⤋
Contact the suppliers as soon as you have a scheduled completion date. Don't wait until the day as it will complicate and possibly delay things, especialy if the seller has scheduled the utilities to be disconnected. If you wait until the completion date before contacting them and if the seller had had them switched off, you may have to wait a few days to have them switched back on!
The seller should notify them that they are leaving, but it is up to YOU to contact them to have the accounts put in your name. You should make note of the meter readings during your final walk-through inspection, either on the completion date or the day prior to the completion date.
2007-06-29 03:16:17 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
You must contact the utillity companies and get it switched over to your name. The current owner may call them with a shut off date for his name which could leave you with no electricity if you don't schedule it in your name. Contact them as soon as you know your completion date. Set it up for the day you close on the property.
2007-06-29 03:10:27 · answer #5 · answered by Wicked Good 6 · 0⤊ 0⤋
Yes, you will need to do all this yourself. Most utility companies will just ask you what the first day is that you are moving in and leave it at that. Do yourself a favor, and call about 3 weeks in advance, if you want anything having to do with internet or special phone service that the current owner doesn't already have. some companies take a while to schedule a technician to come out and do what they need to do, so the earlier you call, the better.
2007-06-29 03:08:34 · answer #6 · answered by Anonymous · 1⤊ 0⤋
It's up to you to inform the suppliers of utilities that you are the new owner and that you will inform them of the date you actually move in. Take the meter readings and give them to the relative supplier when you confirm you are in the abode. they will take it from there, beware that the last tenant may not have paid up their debt so watch for your first bills. Make sure the start reading is the one you took.
2007-06-29 03:07:59 · answer #7 · answered by tucksie 6 · 1⤊ 0⤋
If I was you I would contact all of the utility suppliers yourself just so you will know everything is taken care of; even if the old house owner says they'll do it.
2007-06-29 03:09:50 · answer #8 · answered by bluenile 2 · 1⤊ 0⤋
When you move in, be sure to read all the eletricity and gas meters. It will be up to the people moving out to cancel, but if yuo have the info and they don;t it will make things more simple.
All you reall need to do is after you excahnge, let the suppliers who you wish to use know and tell them the date of completion (moving in date) and off you go!
2007-06-29 03:09:42 · answer #9 · answered by Marky 6 · 1⤊ 0⤋
If the seller doesn't contact all exiting utility providers to cancel, he/she will still be liable for all bills that arrive after he/she moved out
In the UK, we have a firm called U-Switch (other countries I'm sure has something similar) which finds the cheapest utility provider for your specific house/apartment at this point in time. You may be able to make savings on that basis by comparing to what your seller used to pay
Good Luck
2007-06-29 03:13:45 · answer #10 · answered by Hasski 2 · 1⤊ 0⤋