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Real Estate Tips
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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Real Estate Trivia
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What city boasts eight of the world's ten biggest hotels?

A 
Las Vegas has eight of the largest resort hotels; the latest and most extravagant is the $2.7 billion, 2,716-room Wynn Las Vegas.
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Billie Magerfield, REALTOR®, real estate agent and broker for Charlottesville, Albemarle and Keswick Virginia home listings, property and land for sale - NUMBER1EXPERT™

Billie Magerfield
Real Estate III

1318 Piper Way
Keswick, VA 22947
Tel: 434-962-8865
Fax: 434-977-8940
Email: bmagerfield@NUMBER1EXPERT.com

I have been active in the real estate business for over 25 years, working in both the Richmond and Charlottesville, VA markets. Having experience in both restoring old homes and building new ones, I understand the complexities of both the purchasing and the construction process. I particularly enjoy showing newcomers around the area, sharing my knowledge of local history and Charlottesville culture. In real estate, the greatest rewards for me are the friendships I maintain with my clients well after the purchase or sale of their home has closed. If repeat business is a good measure of a Realtor's success, this explains why I have been one of top producers in the Charlottesville area for the last eight years.

ABR SRES CNHS REALTOR MLS Equal Housing


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