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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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Tina Dreckshage, REALTORŪ, real estate agent and broker for St. Louis, St. Charles and O'Fallon, Missouri home listings, property and land for sale

Tina Dreckshage
Real Living Now

3072 Hwy. K and N Plaza
St Charles, MO 63304
314-565-3898
Fax: 636-379-2370
TinaDreckshage@NUMBER1EXPERT.com

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