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Real Estate Tips
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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Real Estate Trivia
Q 
Who received the largest land grant ever given to an English subject for only two beaver skins per year?

A 
William Penn, the Quaker leader, received Pennsylvania and Delaware to settle a debt owed his father by King Charles II.
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Mike Detrick, REALTOR®, real estate agent and broker for Sheppard Air Force Base, Wichita Falls and Iowa Park, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Mike Detrick
Nortex Realty

4215 Fairway Blvd
Wichita Falls, TX 76308
Office: 940-723-8203
Fax: 940-767-4953
Cell: 940-733-9772
michaeldetrick@NUMBER1EXPERT.com

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