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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.

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Real Estate Trivia
Q 
Lenders in 14 states--California, New York, Oregon, Utah, Vermont and Wisconsin and 9 others--have what in common?

A 
Lender in these states must pay interest on funds held in escrow accounts.
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Jody Scowcroft and Stars, REALTOR®, real estate agent and broker for Lake Tahoe, Truckee and Tahoe Donner California home listings, property and land for sale - NUMBER1EXPERT(tm)

Jody Scowcroft and Stars
Keller Williams Boice Realty

11382 Northwoods Blvd.
Truckee, CA 06161
Phone: 530-550-5173
Fax: 530-587-6920
Jody@JodyScowcroft.com

DRE License #01109894

CRS ePro GRI MLS REALTOR


Jody Scowcroft and Stars


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