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Real Estate Tips
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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Real Estate Trivia
Q 
Which estate has two pools--one on the east side for the morning sun and one on the west for afternoon enjoyment?

A 
The former estate of John Lennon in Palm Beach has two pools plus guest quarters.
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Phyllis Mulford, REALTOR®, real estate agent and broker for Wildwood, Chesterfield and Sunset Hills, Missouri home listings, property and land for sale - NUMBER1EXPERT

Phyllis Mulford
Coldwell Banker Gundaker

285 Clarkson Road
Ellisville, MO
314-853-5083
Fax: 636-391-0494
phyllisjmulford@NUMBER1EXPERT.Com


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