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Why Sellers Choose Barbara Berkowitz - Why home sellers in Granby, Simsbury and Suffield choose Barbara Berkowitz. Free Presentation - Free in-home listings presentation on marketing your Granby, Simsbury and Suffield, in County Connecticut property. Property Valuation - How much is your Granby, Simsbury and Suffield home worth? What Did That Home Sell For? - What did that Granby, Simsbury and Suffield, Connecticut property or other real estate sell for? FSBO - Selling your Granby, Simsbury and Suffield real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Granby, Simsbury and Suffield Homes, For Home Buyers, For Home Sellers, Granby, Simsbury and Suffield Information, Real Estate Resources, and About Barbara Berkowitz.
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Disclosure Laws >Avoiding Delays During Escrow
Unforeseen problems can arise during escrow, and closing dates are never set in stone! Lenders, appraisers, title attorneys, credit check services, or anyone who is involved in the transaction could potentially delay a closing. Stay in close touch with your real estate agent, who will notify you of deadlines and help you deal with delays.
Well-written sales contracts are the key to avoiding problems during escrow. For example, provisions can be included in the agreement that require the buyer to provide evidence of sufficient funds for down payment and closing costs, or to present proof of the ability to obtain homeowner's insurance. Because of new restrictions on insurance policies, the mortgage lender may require insurance before funding the loan.
There is also a section in the sales contract wherein the seller makes a warranty to the buyer of the condition of the property. It is important to make sure that this clause is modified to reflect the seller's transfer disclosure statement. If this is not done, the seller could be required to repair items that are found to be dysfunctional or faulty, and this could add time to the escrow period.
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| Q |
Fewer than 2 percent of homeowners build this type of home:
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| A |
Fewer than 2 percent build a custom home; most buy an older home or select from a home builder's menu. |
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