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WELCOME! I'm Pat McGee of Keller Williams Real Estate America's NUMBER1EXPERT for Ft. Washington, Upper Dublin, Huntingdon Valley, Ambler and Maple Glen, Pennsylvania real estate. ALSO SERVING THE FOLLOWING COMMUNITIES: Abington, Blue Bell, Chalfont, Cheltenham, Dresher, Glenside, Hatboro, Horsham, Jenkintown, Lansdale, Lower Gwynedd, Lower Moreland, Lower Southampton, Montgomery Twp., New Britain, North Wales, Oreland, Plymouth Twp., Skippack, Springfield Twp., Upper Gwynedd, Upper Moreland, Upper Southampton, Warminster, Warrington, Warwick, Whitemarsh Twp. Worcester.
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 |
Lenders in 14 states--California, New York, Oregon, Utah, Vermont and Wisconsin and 9 others--have what in common?
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| A |
Lender in these states must pay interest on funds held in escrow accounts. |
See More Real Estate Trivia > |
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Pat McGee Keller Williams Real Estate 300 Welsh Road Building 4 Suite 145 Horsham, PA 19044 215-657-8100 Fax: 215--657-8105 pat@patmcgee-realestate.com
Former president of a Fortune 500 subsidiary who likes people and enjoys the challenge of getting the best value for his clients. Certified e PRO who is committed to giving the professional service to his customers which they have a right to expect and deserve to receive. Willingly accepts the challenge to "Buy Low and Sell High".
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