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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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| Q |
In what 2003 comedy does a very large family move to a new house on Forest Avenue in Evenston, Illinois?
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| A |
"Cheaper by the Dozen", starring Steve Martin, was actually filmed in a house in Los Angeles near the Farmer's Market. |
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The Merritt Team
RE/MAX Equity Group, Inc.
1300 NE 48th Avenue
Hillsboro, OR 97124
Direct: 503-495-3570
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homes@TheMerrittTeam.com
"The Merritt Team" consists of a dynamic mother & son duo. Dorothy has been a Realtor since 1986 with hundreds of successful home sales under her belt. In 2005, Jason joined Dorothy and immediately found great success in serving his residential real estate clients. Early in 2008 the two joined forces to streamline combined efforts to better suit both buyer and seller needs.   
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