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Carlos Perez
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Real Estate Tips
Closing or Settlement >Walk Through Woes

Buyers can be a little cranky on closing day if things go wrong during the walk-through inspection. For example, the sellers' dependable old dishwasher might stop midway through its cycle and the bathroom sink might clog unexpectedly. These situations can create anxiety for the buyers and sellers, but such problems are quite common and usually simple to resolve.

Most purchase agreements require that the major mechanical systems and the appliances being conveyed are in working order at the time of the closing. Defects are often discovered during the structural inspection, allowing the sellers plenty of time to have the repairs made. Occasionally there are last-minute breakdowns or defects that are not spotted until the walk-through inspection. In that case, an agreement can be made with the sellers at the closing to escrow funds for the repair or replacement of the items in question.

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Real Estate Trivia
Q 
To what process do the terms closing, escrow, settlement and passing papers refer?

A 
These terms, which vary in different parts of the country, describe the conclusion of a real estate sale.
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Carlos Perez, REALTOR®, real estate agent and broker for Norwalk, Stamford, Shelton and Trumbull, Connecticut home listings, property and land for sale - NUMBER1EXPERT

Carlos Perez
RE/MAX Right Choice

105 Technology Drive
Trumbull, CT 06611
Primary: 203-395-8086
Norwalk: 203-855-0413
Trumbull: 203-268-1118
Fax: 203-452-6869
Email: carlosperez@NUMBER1EXPERT.com
Email: carlosperez@remax.net

MY FOCUS IS TO PROVIDE PROFESSIONAL SERVICE WITH A PERSONAL TOUCH. "CONOCIMIENTO, REPUTACION, RESULTADOS."

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RE/MAX Right Choice real estate and homes for sale in Norwalk, Stamford, Shelton and Trumbull Connecticut

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