The last thing that my clients do before heading to closing is to go back to the house for a final walk-through. Some sellers find it a matter of pride that they deliver their homes sparkling clean to the next owner. But they don’t have to. In most Purchase and Sales Agreements, the sellers agree
Buyers, you can do everything right and wind up with no house. How can that happen? Low appraisals. In the next three entries, I will explain what happens during the appraisal process and why you need to care. Of all the people who suffer a broken deal because of a low appraisal, the ones I
A seller can take all the light bulbs before closing. I have heard tale of sellers doing just that to be spiteful. Is it an urban myth? I cannot say for sure, since it never happened to any of my clients. Real estate has its own norms, which basically conform to law and common sense.
Rona Fischman reporting The home inspection contingency is in the Offer to Purchase contract to protect buyers from purchasing a house with major unknown defects. The phrasing on the contract allows the buyer to cancel the contract (walk away) if there is more than $X in structural, mechanical or other defects. I put $1000 in
by Rona Fischman I got a call from A last week. She said that there was a new listing she wanted to check out at open house. The address sounded familiar to me -- not in a good way. I warmed up the agent MLS database and my suspicion was confirmed; this house had been