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Buyer’s obligation |  |
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Home Inspection | |
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Seller Obligation | |
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Think Before Buying A Home | |
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Think Before Selling A Home | |
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Tips Of Better Buying | |
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Buyer and Real Estate Agent | |
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Rights Of Buyers and Sellers | |
Seller’s Obligations :A seller may offer you for further negotiation. If you accept his/her invitation and show interest for going forth then there may be one solution come out. You should consult an attorney to arrange a title search and tell him to provide an extended abstract for the buyer’s attorney. You may have to spend an approximately $250 to bring the history of title up to date. Once you lost this title a new one will be cost you an approximately $1000.If you have appointed an attorney either for a new house or any other property, make sure that he has made the survey of that property. An approximately $225 is required for an updated survey. The cost of a new survey is determined by a number of variables. In the time of inspection or survey your attorney or yourself should check the water and ensure about its standard of purity. The health department will conduct this test and the fees will be around $150 - $300. If the process of sale is pending then you should leave all utilities on as well as keep on removing the snow and maintain lawn clean. A seller should well aware of the cleanliness of his home. When the date for closing will be decided you should leave your home broom clean and all the personal items should removed. Transfer the utilities to the buyer’s name once after the final arrangement has made before your attorney, your buyer and before yourself. You can continue receiving Gas, electric & water supply until the time & day of the actual closing is declared. At the time of closing you have make payment of transfer tax as well as other additional tax. If you are a 62-year or more and selling property then you will be exempted from the transfer tax, however this applicable in case of selling of primary residence. There may other additional expense you have make such as mortgage discharge, search & survey update fees, real estate commission fees, loan fees, attorney fees, etc. For more information please feel free to contact us. |