but it is always a good idea to have all your bases covered. These assessments can give great comfort to prospective buyers to see all is well with the home they are considering. Inspections also will disclose more information should you need to have any additional repairs accomplished. It is a good idea to have any item included in an inspection report that you decide to leave as is quoted by a competent repairman. This will further inform potential buyers and may be negotiating points.
WHAT TO EXPECT DURING A CLOSING
The process of transferring ownership and possession of the property to the buyer requires multiple steps. This process is generally easy, as the hard parts of the transaction (i.e., preparing the home, listing, showing, and finally coming to terms with a buyer) have now been accomplished. Still, there are items to monitor and attend to during the process of closing. During this process, it’s best to communicate with the buyer or the seller, depending on which you are, on a constant basis, to ensure that requirements are met when it comes to the sale agreement.
IMPROVING OR REPAIRING THE PROPERTY
If you have agreed with the buyer that you will be acting to improve the property or make repairs, such as repairing a leaky roof or upgrading the electric box, be prepared to do so as soon as possible after coming to agreement. Improvements and repairs will have to be scheduled for and inspected and will have to be complete before closing, absent other agreement between buyer and seller.
SETTLEMENT AND YOUR SETTLEMENT AGENT OR ESCROW
The actual sale between seller and buyer takes place at a “closing,”
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