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schmora15
LIF Adult
Member since 9/08 2476 total posts
Name:
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Closing soon-utilities?
We are finally closing on our new home!
Silly question-the house is vacant but the electric is on. Can we just transfer it into our name or do they have to call and cancel first? Same with the gas?
Thank you!!
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Posted 3/18/19 6:51 PM  |
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Aries14
Can't plan life...
Member since 8/08 2860 total posts
Name:
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Closing soon-utilities?
you can transfer it
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| Posted 3/19/19 9:10 AM |
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Closing soon-utilities?
You can transfer just make sure there is no outstanding balanace we got a $1900 electric bill from the previous owners act  sent to the lawyer and t was taken care of!
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| Posted 3/19/19 12:48 PM |
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angelicd77
LIF Adolescent
Member since 12/13 794 total posts
Name:
Kim
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Closing soon-utilities?
Everything was transferred at closing for us. Like a PP said, make sure to check for outstanding balances. Our water was shut off 2 months after we moved in because the previous owner didnt pay their last bill.
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| Posted 3/19/19 1:02 PM |
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NYCGirl80
I love my kiddies!
Member since 5/11 10413 total posts
Name:
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Re: Closing soon-utilities?
You call each utility company yourself and have it set up in your name. Whoever has the utilities on, though, will also have to call to have the service ended in their name.
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| Posted 3/19/19 1:42 PM |
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schmora15
LIF Adult
Member since 9/08 2476 total posts
Name:
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Re: Closing soon-utilities?
Posted by TwinMommyToBoys
You can transfer just make sure there is no outstanding balanace we got a $1900 electric bill from the previous owners act sent to the lawyer and t was taken care of!
Yikes!! Glad it was resolved!
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| Posted 3/20/19 6:33 AM |
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schmora15
LIF Adult
Member since 9/08 2476 total posts
Name:
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Closing soon-utilities?
Thank you!
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| Posted 3/20/19 6:33 AM |
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Re: Closing soon-utilities?
Make sure your agent coordinates with the seller to ensure a smooth transfer. You want it to be seamless with no service shut-off.
Buyer will typically put the utilities in their name the day to start the day of the closing or the day after. Sellers sometimes end the service the day before closing, and the buyers may be starting the day after closing, and then the service gets shut off the day of.
You can call days (or a week) in advance, too. I've had buyers wait until the last minute, forget, or think it's no big deal, and then we get to the walk through and there's no electric service. PSE&G doesn't wait, they just turn it off (no grace period). Then, it's a PITA because they can't remotely turn it back on. Someone from PSE&G has to physically come out to the property.
Plus, if utilities aren't on for the walk through, then money must be left in escrow, etc. until things can be tested, and it's just an unnecessary hassle.
So clear communication is necessary! Seller shouldn't shut it off but just say "I'm moving out x date and the buyer will be calling to set up their account" and buyer make sure when you call that you will have continual service.
If you close on a Friday, the buyer usually starts service that day, because otherwise you have to wait until Monday (PSE&G won't transfer the account on a weekend).
Hope this helps! Congrats on your new home!
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| Posted 3/20/19 11:10 AM |
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schmora15
LIF Adult
Member since 9/08 2476 total posts
Name:
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Re: Closing soon-utilities?
Posted by Christine Braun - Signature Premier Properties
Make sure your agent coordinates with the seller to ensure a smooth transfer. You want it to be seamless with no service shut-off.
Buyer will typically put the utilities in their name the day to start the day of the closing or the day after. Sellers sometimes end the service the day before closing, and the buyers may be starting the day after closing, and then the service gets shut off the day of.
You can call days (or a week) in advance, too. I've had buyers wait until the last minute, forget, or think it's no big deal, and then we get to the walk through and there's no electric service. PSE&G doesn't wait, they just turn it off (no grace period). Then, it's a PITA because they can't remotely turn it back on. Someone from PSE&G has to physically come out to the property.
Plus, if utilities aren't on for the walk through, then money must be left in escrow, etc. until things can be tested, and it's just an unnecessary hassle.
So clear communication is necessary! Seller shouldn't shut it off but just say "I'm moving out x date and the buyer will be calling to set up their account" and buyer make sure when you call that you will have continual service.
If you close on a Friday, the buyer usually starts service that day, because otherwise you have to wait until Monday (PSE&G won't transfer the account on a weekend).
Hope this helps! Congrats on your new home!
Thank you!! This helps a ton!
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| Posted 3/20/19 3:16 PM |
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