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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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What document must lenders provide within three days of receiving your application for financing?
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The "Truth In Lending Disclosure Statement" will give you complete financial information about the loan. |
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Peter Tobia and Carol Taylor
Thorpe - Sotheby's International Real Estate
675 Beachland Boulevard
Vero Beach, FL 32963
732-735-5114: 908-331-0669
petertobia@NUMBER1EXPERT.com
We specialize in Oceanfront, Indian Riverfront,
Vero Beach Barrier Island, local waterfront
communities and finer neighborhoods along Vero
Beach and the Treasure Coast.
Proudly serving Vero Beach, John's Island,
Orchid Island Golf and Beach Club, Indian River
Shores, Windsor, Sea Oaks, The Moorings, The Indian River Club, Grand Harbor, Wabasso,
Sebastian and the Melbourne
Beaches.
Carol is a licensed REALTOR, has a Graduate
Realtor Institute designation and over 29 years
of Real Estate sales experience, as well as
dozens of sales awards for outstanding
achievements.
Peter is a licensed REALTOR and a licensed
Professional Engineer, with extensive
residential building and development experience
and knowledge.
Find out why Money Magazine has named the Vero
Beach, Indian River County region as "One of
the best places to live in the nation" several
years in a row. Come join us for "Another Day
in Paradise" at Vero Beach!
We are the Vero Beach, Melbourne and Treasure
Coast NUMBER 1 Real Estate EXPERTS.
Call or e-mail us today!   
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