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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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Craig Via Craig Via Realty & Relocation 14031 Steeplestone Drive Midlothian, VA. 23113 804-378-SELL 800-943-SELL Fax: 804-379-7108 Email: Info@CraigVia.com
For Craig Via, the key to becoming one of the Richmond area's leading real estate professionals was to follow his dreams and create his own path to success. His hands-on approach to the business and warm, friendly personality make him a valued source for all your residential real estate needs. Craig is the Top Producer in his office and is ranked in the top one percent of all residential sales professionals nationwide.
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