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Real Estate Tips

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Real Estate Tips

First Time Buyers >The Perfect House

Home buyers must often deal with deferred maintenance or repairs. For example, you may have found a terrific house and like many competent home buyers, you included a structural inspection contingency in your purchase agreement. What happens when you find out that your "perfect" house needs some work? Do you ask the sellers to pay for the repairs? Before you answer "yes", there are some important considerations.

Some contracts require that all of the home's systems, such as plumbing, heating, electrical and central air conditioning, be in working order. In this case, the sellers may be obligated to repair any problems with these systems. Leaky roofs, damp basements, or other structural problems may not be covered, however. If you ask the sellers to make these types of repairs, you may void the contract by doing so. The sellers might prefer to negotiate the repairs to keep from losing the sale. If there are other buyers waiting in the wings with back-up contracts, you run the risk of losing the home.

See All Tips In The "First Time Buyers" Category >
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Real Estate Trivia

Q 
What Oscar-winning 1999 Best Picture about two neighboring American families was filmed in the interior of two actual homes located 12 miles apart?

A 
"American Beauty," starring Kevin Spacey and Annette Bening.
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Bill Blitch, REALTOR®, real estate agent and broker for Branson, Hollister and Ridgedale, Missouri home listings, property and land for sale - NUMBER1EXPERT

Bill Blitch
Carol Jones Realtors

45 Notch Shopping Lane
Reeds Spring, MO 65737
417-294-4022
Fax: 417-338-1051
BillBlitch@NUMBER1EXPERT.com


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