
Buyers Want Your Home for as Little as Possible. Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision. Find Out More > View All Offers >
|

Persistence and Reassuring Confidence "Thank you, Jim, for finding us a house in a community, Upper Arlington, that we thought we could never afford. PAT AND STACIA, buyers and sellers Read Quote > View All Quotes >
|
Compare three mortgages
at one time. Download TripleCalc now. It's free.
|
Jim and Betsy Edwards are two of
The Top Selling Real Estate Experts Find Out More > |
|
|
 |

Closing or Settlement >Handle Needed Repairs Early
There is a standard chain of events that occurs when an offer comes in on a home. After a meeting of the minds, the buyer often brings in a home inspector who may find a few items that need to be repaired. The real estate agent gives the homeowner a list of the requested repairs. What comes next?
In most transactions, the seller will take care of the repairs. Many sellers wait until the week before the closing to call someone to do the work, because they want to be sure that they are going to make it to the closing table before they spend money on repair work. If you are responsible for making repairs to a home you are selling, make sure you have the work done well in advance of the closing date by licensed professionals who will stand behind their work. If the work is done at the last minute and is incomplete or unsatisfactory, it could cause complications at the closing. You should provide the buyers with all the receipts and the names of the persons to contact in case there is a problem with the repairs.
|
| Q |
What island was sold to Peter Minuit by the Indians for goods valued at 60 guilders ($24)?
|
| A |
Peter Minuit arrived with a group of Dutch settlers in 1626 and purchased what is now known as Manhattan. |
See More Real Estate Trivia > |
|
|
|
|