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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.
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| Q |
What Hollywood star made the first footprint outside Grauman's Chinese Theater?
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| A |
Norma Talmadge accidentally stepped in wet concrete outside the building in 1927. |
 See More Real Estate Trivia > |
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Adam Hopkins
The Hopkins Real Estate Group
1149-A Vista Park Dr
Forest, VA 24551
Phone: (434) 444-7136
Email: TheHopkinsGroup@gmail.com
As the Number 1 Real Estate Expert in the Greater Lynchburg area since 2002, Adam Hopkins specializes in getting your home sold faster and for more money, through his attention to details that most agents miss, and through exclusive consumer services and programs that other companies simply do not provide. Call Adam today to see what a difference his service can make for you as you buy or sell your home!   
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