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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 
To what process do the terms closing, escrow, settlement and passing papers refer?

A 
These terms, which vary in different parts of the country, describe the conclusion of a real estate sale.
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The Results Realty Team, REALTOR®, real estate agent and broker for Clarkston, WA, Lewiston, ID and Asotin, WA, Washington home listings, property and land for sale - NUMBER1EXPERT(tm)

The Results Realty Team
Results Realty

931 Sixth Street
Clarkston, WA 99403
Business: 509-758-8500
Toll Free: 888-243-7400
Fax: 509-758-0144
Email: results.realty@gmail.com

Results Realty is a full service professional real estate company founded in 1996 by Broker/Owner Cindy Perttu. Working together as a team, the agents at Results Realty are dedicated to providing Superior Service to our clients at all times.

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