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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 economic factor can make the purchase of a home an excellent long-term investment?

A 
Home price appreciation can result in a substantial return on the buyer's investment as a house increases in value over time.
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Jerry Morrow, REALTOR®, real estate agent and broker for Fort Wayne, Woodburn and Auburn, Indiana home listings, property and land for sale - NUMBER1EXPERT

Jerry Morrow
JMO Real Estate Group

6605 E. State Blvd. Suite 2
Fort Wayne, IN 46815
Direct: 260-485-0784
Office: 260-485-0771
24 Hour Information: 800-869-9706
Fax: 260-479-1599
Personal: jerry@jmoreg.com
Information Request: info@jmoreg.com

Buyers and Sellers Wanted!!! BUYERS Please call (800) 869-9706 Your 24-hour information hotline or visit our website at www.jmoreg.com to learn on how to: -Purchase your new dream home with $0 money down -Get pre approved for a 5% fixed interest rate -Obtain a 1% adjustable interest rate -Simply gather general information about today’s ever changing market SELLERS Please call (800) 869-9706 Your 24-hour information hotline or visit our website at www.jmoreg.com to learn on how to: -Receive a free CMA for your home. Competitive Market Analysis -Get approved to buy a home without selling your current home -Learn how we help find prequalified Buyers to purchase your home -Simply gather general information about today’s ever changing market Call Today and see how I can Help. I Look forward to hearing from you. Sincerely, Jerry Morrow 260) 485-0784 jerry@JMOREG.com

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