Elgin, St. Charles and East Dundee West Dundee real estate and homes for sale in Illinois - Tom Krebsbach
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Real Estate Tips

Closing or Settlement >Real Estate Repairs

In most real estate transactions there are a few responsibilities that the sellers need to handle before the closing, such as repairs and termite extermination. The deadline for completing these obligations usually coincides with the actual closing. Many sellers barely make that deadline. Those who wait until the last minute to handle these matters may miss the deadline altogether or pay high rates in order to get a plumber, roofer or electrician on an emergency basis.

Your buyers will probably get a structural inspection done after the contract is ratified. Within 10 days of the contract's acceptance by all parties, the pest inspection should be scheduled. Even though sellers usually know well in advance what is needed, they sometimes put things off until the buyers have finalized the loan approval process. Since these repairs will have to be made anyway, it is a good idea to get them done promptly.

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Real Estate Trivia

Q 
What real estate term was first used in the 19th century and means "a high-flying flag on a ship"?

A 
Skyscraper was first used in the 1880s when office buildings of 10 stories or more were built in Chicago and New York.
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Tom Krebsbach, REALTORŪ, real estate agent and broker for Elgin, St. Charles and East Dundee West Dundee, Illinois home listings, property and land for sale

Tom Krebsbach
Vintage Home Realty

162 South State Street
Elgin, IL 60123
847-622-8665
Fax: 847-622-0077
tomkrebsbach@BestImageAgent.com

My goal is to provide superior service to my clients, while demonstrating the highest level of personal integrity, creating financial security, giving back to my community and maintaining a balanced life.

ABR CRS ePro Equal Housing MLS REALTOR


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