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Coming Soon
Closing or Settlement >Handle Needed Repairs Early
There is a standard chain of events that occurs when an offer comes in on a home. After a meeting of the minds, the buyer often brings in a home inspector who may find a few items that need to be repaired. The real estate agent gives the homeowner a list of the requested repairs. What comes next?
In most transactions, the seller will take care of the repairs. Many sellers wait until the week before the closing to call someone to do the work, because they want to be sure that they are going to make it to the closing table before they spend money on repair work. If you are responsible for making repairs to a home you are selling, make sure you have the work done well in advance of the closing date by licensed professionals who will stand behind their work. If the work is done at the last minute and is incomplete or unsatisfactory, it could cause complications at the closing. You should provide the buyers with all the receipts and the names of the persons to contact in case there is a problem with the repairs.
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| Q |
Where are the highest median price homes in the United States currently located?
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| A |
According to the NAR, the highest median price in the second quarter of 2005 was $726,900 for homes in California's San Francisco Bay area. |
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Cassandra Ewer
New Village Realty
890 West Elliott Road Suite 101
Gilbert, AZ 85233
480-635-4600
Fax: 480-786-2244
Cassandra@NUMBER1EXPERT.com
As a highly successful real estate broker with over 15 years experience in the Arizona real estate market, Cassandra Ewer has the knowledge and skill to make any real estate transaction a reality. The New Village Team is a team of experts, each committed to assisting you with your individual real estate needs. Call us today!
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