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Coming Soon
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 |
Nearly every state has a mandate for seller disclosure. What must a seller disclose?
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| A |
The seller must disclose any existing problems, defects or conditions that could affect the value of the house.
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Diane Sarkisian
RE/MAX Action Realty
1126 Horsham Road
Maple Glen, PA 19002
Office: 215-358-1100
Mobile: 215-872-7147
Fax: 215-358-1129
Diane@DianeSarkisian.com
Diane specializes in client/customer satisfaction. A relentless work ethic as your lifetime Real Estate Consultant, she exceeds all expectations in service and professionalism. "People do not care what you know until they know how much you care."   
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