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Part Four

result of the inspection agreement, you can verify that those items were completed. Keep in mind, typically, there is nothing in the contract that obligates a seller to actually clean the house for you. Usually, it is common courtesy to do so, but if that is important to you, put it in the contract. You see, contracts simply keep everything nice and tidy. If everyone you dealt with were completely honest, had an impeccable memory, and always had it in their heart to do the right thing, contracts probably wouldn’t be necessary. But even honest people have short memories, or get in a hurry, or decide they already gave too much, which is why we have contracts. ® Bring your Realtor with you to do your walkthrough. Bring to the listing broker’s attention anything that wasn’t completed according to the contract and have it corrected prior to closing. Ultimately, you hold the trump card. You have the money to hand over at the closing table, and if everything was not done as agreed, you can say, no, you’re not going to close. Now, practically speaking, that rarely happens, and everything is in place to close. You probably have packed or otherwise made plans to move out of your current residence, you are excited about being in a new home, and the pressure is on everyone to go ahead and sign. So again, don’t sweat the small stuff. Anything significant could be handled with a written agreement at closing, or by setting aside additional money in escrow. For example, let’s say the seller was to replace the furnace but could not get a repairperson in to complete that job in time. You could all agree to have the title company or escrow company withhold the money for that item from the proceeds that are due to be paid to the seller. The title or escrow company would then pay the repairperson when the work was complete. Or if the carpet was supposed to be cleaned but wasn’t, the seller 130

Profile for Linda DeVlieg Real Estate

How to Make Your REALTOR Get You the Best Deal - Albuquerque, New Mexico edition  

A guide through the real estate purchasing process - co-authored by Linda DeVlieg and Ken Deshaies

How to Make Your REALTOR Get You the Best Deal - Albuquerque, New Mexico edition  

A guide through the real estate purchasing process - co-authored by Linda DeVlieg and Ken Deshaies

Profile for lindadev