Should I Cancel My Utilities When I sell My Home?

By
Real Estate Agent with Platinum Real Estate Group

I was asked today by one of my sellers if they should call the utility company and cancel there utilities. I informed them if they cancel their utilities, the buyer will have to pay a reconnection fee, and they won't be to happy. 

So, the answer is no. What you should do when selling a home, is call your utility provider, and inform them you are selling your home. Let them know that the buyer will be calling to change over the account into their name. Your agent should be in contact with the buyers agent, and they will schedule a date for the utilites to be changed over. The buyer usually changes it on the funding/closing date.

This may seem like something very simple, but can be a headache if over looked. You don't want to pay for someone else's utility bill, and you never know if a buyer will cooperate with you after they have moved in. They may be un-willing to pay for the utilities for the time they were still in the sellers name.

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Utah Cache County
Groups:
Advice for Sellers
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Tags:
changing utilities
selling a home

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Rainmaker
453,503
John Mulkey
TheHousingGuru.com - Waleska, GA
Housing Guru

Lisa, having sold numerous homes during my building career, I would say that while this shouldn't be much of an issue, it can be if not handled properly.  If, however, everyone cooperates, agents following up with purchasers and with sellers, and the new owner confirming with utility companies that everything is on schedule, then the transfer can go smoothly.  

Jun 16, 2009 02:48 PM #1
Ambassador
231,897
Lisa Udy
Platinum Real Estate Group - Logan, UT
Logan Utah Realtor

Hey John! All it takes is a little communication, and understanding. Thank you for your insight. :)

Jun 16, 2009 03:01 PM #2
Rainmaker
334,701
Matt Listro
National Credit Fixers - Matt Listro - Vernon, CT
Your Credit Repair Expert

Hi Lisa: Very good advice - spoken like a true pro!

:)

Jun 16, 2009 10:04 PM #3
Rainmaker
193,865
Tony Orefice
Wilkinson and Associates/www.TonyOreficeRealtor.com - Harrisburg, NC
Realtor/Harrisburg NC,Concord NC

Hi Lisa,

Even before becoming a Realtor, I thought of this as common sense. However, I guess anything can be overlooked.

Jun 17, 2009 07:18 AM #4
Anonymous
Anonymous
Anonymous

Lisa,

In my area, most of the utilities will not do a transfer.  (There, however, is no reconnection fee for the new owners.) The companies are glad to coordinate the off & on again in the same day - usually it is just a meter reading.

I still make certain I provide a list of the companies with complete contact information, even giving a copy to any other agents involved. 

Jun 18, 2009 11:26 AM #5
Rainer
170,619
Dave Sullivan
www.TheCreditGuy.TV - Birmingham, MI
The Real Story on Your Credit Score - TheCreditGuy

Great info Love saving money,  Did you know what you spend on utilities can affect your credit score. I am not promoting anything but watch this if you want to find out more. http://www.thecreditguy.tv/do-utilities-report-to-credit-bureaus/

Feb 08, 2012 08:46 AM #6
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Ambassador
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Lisa Udy

Logan Utah Realtor
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