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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.
Scott Baker, ABR e-Pro Coldwell Banker West Shell 7311 Tylers Corner Drive West Chester, OH 45069 Phone: 513-403-5323 Toll Free: 1-800-710-9843 Fax: 513-332-9077 E-Mail: Scott.Baker@cbws.com E-Mail: scottbaker@NUMBER1EXPERT.com
You will find that I am knowledgeable in all of the North Cincinnati areas. Not only am I an ABR, (Accredited Buyer’s Representative), I am also an e-Pro. An e-Pro realtor has completed the extensive training program endorsed by the National Association of Realtors. An e-Pro Realtor has the training and expertise needed to assist you, the consumer, in this fast-paced age of technology.
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West Chester, Liberty Township and Cincinnati, Ohio