Already sold house in edison new jersey

Congratulations on selling your house in Edison, New Jersey!

Now that the sale is complete, you're probably thinking about what's next. Here are a few things to consider:

  1. Tax implications: You'll need to report the sale of your home on your tax return. You may be eligible for a capital gains exclusion of up to $250,000 ($500,000 for married couples filing jointly) if you've lived in the home for at least two of the five years leading up to the sale.
  2. Moving: If you're not staying in the Edison area, you'll need to plan your move. You may want to hire professional movers or rent a truck to transport your belongings to your new location.
  3. Closing costs: You'll need to pay closing costs, which can range from 2% to 5% of the sale price. These costs typically include fees for title insurance, escrow services, and other administrative tasks.
  4. Homeowners association (HOA) fees: If your community has an HOA, you may need to pay any outstanding fees or penalties before the sale is complete.
  5. Utilities and services: Make sure to schedule disconnect dates for utilities like electricity, gas, water, and internet to avoid any unnecessary charges.
  6. Change of address: Update your address with the US Postal Service, banks, credit cards, and other relevant parties to ensure you receive important mail and notifications.
  7. Donations or charitable contributions: If you're donating items to charity or selling them online, be sure to keep track of the values and any receipts for tax purposes.
  8. Final walk-through: Before you leave the property, conduct a final walk-through to ensure everything is in order and nothing is left behind.

Remember to also take care of any outstanding tasks, such as:

I hope this helps you navigate the next steps after selling your house in Edison, New Jersey!