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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. See All Tips In The "Closing or Settlement" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

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Real Estate Trivia Q  What famous American sign was originally erected as a real estate ad? A  The Hollywood sign, built in 1923, was conceived as a real estate ad that originally read, "Hollywoodland." See More Real Estate Trivia >

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Michael Biton Best Value Properties 1234 West Broadway Hewlett, NY 11557 516-374-2300 Fax: 866-882-8271 michaelbiton@BestImageAgent.com www.BestValueProperties.net is brought to you by Michael Biton, real estate for Jamaica, Queens Village and St. Albans, New York Read Michael Biton's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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