Can a deal fall through after closing?
When should the buyer perform a final walk through to check on repairs?
How long can a buyer sue a seller after closing California?
What happens if the buyer discovers after closing that the seller failed to disclose?
Who is responsible for repairing any damages that occur as a result of inspection?
If someone you love smugly tells you,— Joe Cassandra (@JoeCassandra) September 27, 2023
"I'll never sell my 3% mortgage house, I'll just hand to a property manager & collect rent checks" slap them in the face
Bc they don't know what they're talking about
Being a landlord isn't passive & it's not cheap
One of our properties… pic.twitter.com/CkB30s7AJc
Who has the risk of loss and damage to the property before closing?
Frequently Asked Questions
Can you ask for price reduction after inspection?
How long are you liable after selling a house in Texas?
Who pays most of the closing costs?
Do appliances matter when selling a house?
- Is a washer and dryer personal property?
- A washer and dryer can be easily unplugged and removed as well. All of these appliances are usually considered personal property.
- Should I leave my fridge when I sell my house?
- You don't have to, but not too many buyers would go along with the sale without the refrigerator, because they know they can get another similar property with a refrigerator for the same price. When listing your house there is usually a list of contents included. If you fridge is listed there then it has to stay.
- What happens if you buy a house and something is wrong?
- Most states have laws that require sellers to advise buyers of certain defects in the property. If you find problems with your home after you move in, you may be within your rights to take legal action.
- What is the early occupancy clause?
- Early occupancy, sometimes referred to as early possession, is when a tenant is granted access to part or all of a space they have leased prior to the lease's start date. In most early occupancy cases, a landlord typically agrees to early occupancy as a way to encourage a tenant to sign the lease.
In a house sale why are repairs made after closing?
|Is early occupancy a good idea?||Even though early occupancy agreements are great for the buyer, they come with risks for the seller. In addition to all the risks a normal landlord would have, there is the additional risk of something going wrong with the buyer's mortgage and the buyer not being able to actually buy the house.|
|What does U and O mean in real estate?||Use and occupancy The term use and occupancy (U&O) refers to a real estate agreement between two parties that allows one party to use and/or occupy a property before ownership is transferred from one side to the other.|
|What is it called when a buyer moves in before closing?||Early possession or occupancy is a request made by a homebuyer to move into a property before the closing date.|
|What is the owner-occupancy clause?||An owner-occupancy clause is a specification on a mortgage loan stating that the owner of a house must live on that property for a certain period of time – usually 6 to 12 months. Owner-occupancy clauses allow lenders to verify your intent to use a house as a primary residence.|
- How do I ask a seller to pay for repairs?
- Providing a short list of crucial repairs is the best way to reach an agreement with the seller, so stay away from nit-picking and consider fixing these issues yourself. Besides, this may be an opportunity to upgrade to newer fixtures that better fit your home's aesthetic.
- Are the sellers of a house liable for repairs after the closing Canada?
- This includes repairs for any damage that may occur before the change of ownership. However, once closing has taken place, the buyer becomes the owner and entirely responsible for the home.
- What do it mean that the seller is offer you money instead of repairing?
- The most popular way is the seller agreeing to cover a portion of the buyer's costs. Another way is tagging the seller credit onto the final price of the home purchase. In such a case, the cost of the house will be decreased by a pre-determined amount, typically equal to the cost of repairs.