Why You Should Wait to Cancel Your Utilities and Home Insurance Until After Closing

Why You Should Wait to Cancel Your Utilities and Home Insurance Until After Closing

Hey y'all, it's Jenny Smith here! Let's talk about a crucial step in the home buying process that often gets overlooked: cancelling your utilities and home insurance before closing. 🤔

Listen up, folks: I know you're excited about selling your home, but HOLD YOUR HORSES! 🐎 Don't be too quick to cancel those services just yet. Why, you ask? Because unexpected things can happen during the home buying process, and you don't want to be caught with your pants down when it comes to things like water, electricity, and insurance. 🚰💡🔥🏠
Imagine this: you cancel your water and electric services a few days before closing, thinking everything is set in stone. But then, the closing date gets pushed back a week, and suddenly, you're without water or electricity in your house 😱 Talk about a nightmare! Trust me, you don't want to be stuck in that situation.

The same goes for home insurance. Even if you have everything ready to go for closing, you never know what might come up at the last minute. Maybe there's an issue with the title, or the appraisal comes in lower than expected. If you've already cancelled your insurance, you'll be left high and dry with no protection for your investment. 🔒😢

So, my advice to you is this: wait until after closing to cancel your utilities and home insurance. It may seem like a minor inconvenience, but it can save you a whole lot of stress and headaches in the long run. 🙌