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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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What are considered the ideal conditions for a buyer's market?
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| A |
In a buyer's market, there are more houses for sale than buyers, homes take longer to sell, and sellers may have to cut prices. |
 See More Real Estate Trivia > |
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Chris Matlashewski
Royal LePage Foothills
#200 1016 68 Avenue S.W.
Calgary, AB T2V 4J2
Cell: 403-809-3523
Fax: 403-476-5237
Office: 403-249-4322
chrismatlashewski@NUMBER1EXPERT.com
Are you looking for a second generation real estate agent who has grown up in Calgary? Do you want an agent that is a student of the market place, and has experience in negotiation? Do you want an agent who has a performance guarantee? If so, you have come to the right place!    
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