real estate advice: Your offer has been accepted... So, now what? Part VI (Final Walk Through) - 02/01/10 11:56 AM
Your offer has been accepted... So, now what? Part VI (Final Walk Through)
Just prior to settlement you should plan to do a "final walk through" at your soon-to-be new property. Why? To play it safe! You want to make sure that it's in the same shape (or better, depending on your inspection negotiations) it was at the time of your offer. And, if you've negotiated for repairs or replacement items, this is your chance to see that that the work was done properly and all items are in good working order. Last reason... stuff happens. Vacant houses can spring leaks, … (4 comments)
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real estate advice: Your offer has been accepted... So, now what? Part V (Home Warranties) - 01/31/10 09:29 AM
Your offer has been accepted... So, now what? Part V (Home Warranties)
Home Warranties. What are they? For approximately $400/year (for single family homes... less for condos/coops) you are covered (usually for a nominal service fee) in the event that one of your appliances or HVAC fails. Some of the policies even cover roofing and/or swimming pools. In theory, they either repair it or replace it. As a new homeowner, already stretched by your new mortgage, this can be a real lifesaver.
Who pays for it? Depends. In these trying times some sellers will offer up a one-year home warranty as an enticement. … (3 comments)
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