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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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Q	What high-profile rental property rents for $13,500 a month although the star hasn't lived there for over 20 years?
A	Shirley MacLaine's name is still used to promote her Encino, CA, estate even though she hasn't lived there in years.
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David Weber, REALTORŽ, real estate agent and broker for Westport and Weston Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

David Weber
Prudential Connecticut Realty **
272 Post Road East
Westport, CT. 06880
Direct Line: 203-429-1073
Office phone Number: 203-227-5117 ext 1073
Fax: 203-227-5619
Email: davidweberwestporthome@number1expert.com
Real Estate is About People...Not Just Houses. I love selling real estate, and am licensed to do so in Connecticut. It is more than just selling or listing homes for sale. Its about taking care of the people who are buying and selling them. My primary concern is to take care of my clients so they can make the right choices for themselves and their families. The most satisfying moments in real estate for me are when I see smiling faces at the closing table...For buyers it means educating them, to help them come to their own opinion of value so they know they are getting a good home for the money they will spend. Its also about helping them see the lifestyle they will have after buying the right home. Its not just the house that matters...its how you live in it that makes it a home...For home sellers my concern is that they are able to move on with their lives in a timely manner. This means being truthful about the value of their home so they can make an informed decision on pricing, helping them prepare their home so it shows well and then giving them the best marketing and service possible so they can have a satisfying sale. ** Prudential Connecticut Realty is an independently owned and operated member of The Prudential Real Estate Affiliates Inc., and Prudential is a service mark of The Prudential Insurance Company of America.

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