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Closing or Settlement >Real Estate Repairs
In most real estate transactions there are a few responsibilities that the sellers need to handle before the closing, such as repairs and termite extermination. The deadline for completing these obligations usually coincides with the actual closing. Many sellers barely make that deadline. Those who wait until the last minute to handle these matters may miss the deadline altogether or pay high rates in order to get a plumber, roofer or electrician on an emergency basis.
Your buyers will probably get a structural inspection done after the contract is ratified. Within 10 days of the contract's acceptance by all parties, the pest inspection should be scheduled. Even though sellers usually know well in advance what is needed, they sometimes put things off until the buyers have finalized the loan approval process. Since these repairs will have to be made anyway, it is a good idea to get them done promptly.
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How much does a celebrity's name boost the price of a property?
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Typically no more than 5 percent, but there are exceptions--the greater the fame, the higher the price!
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Maui Real Estate Gail Swanson is a professional realtor on the island of Maui, Hawaii and specializes in Oceanfront and Upcountry property. Find Out More >
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Georgia Hart Keller Williams Capital Partners 100 East Wilson Bridge Road Worthington OH, 43085 Buyer Line/Listing Line: 740-362-7873 Fax: 614-888-3880 Direct office dial: 614-431-6126 Email: georgiahart@kw.com
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