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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 
Where is the world's largest stained glass window?

A 
The American Airlines terminal at the Kennedy International Airport in New York City has a stained-glass window that is 300 feet long and 23 feet high.
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Wayne Ellis, REALTOR®, real estate agent and broker for Evansville and Newburgh, Indiana home listings, property and land for sale - NUMBER1EXPERT

Wayne Ellis
F.C. Tucker Emge Realtors

7820 Eagle Crest Blvd. Suite 200
Evansville, IN 47715
812-479-0801
Fax: 812-474-2111
Wayne@WayneEllis.com


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