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- Determining Your Needs
- Arranging a Mortgage
- The Offer
- Closing
- The Move
- Thinking of Selling
- Getting Ready
- Marketing Your Home
- Negotiating Offers
- Closing
- About REMAX
- About Me
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Closing
The Lull from Sale to Closing
OK, chances are it's not a quiet period. It will be a time of frenzied
packing and reorganization. Just remember not to pack anything that you
agreed to sell! And unless you specifically mentioned certain fixtures,
everything must remain in place.
You are responsible for handing over the home in the same condition it
was at the time of closing. This applies to everything that was agreed
to in the agreement. If the home suffers a major calamity, you are
responsible for telling the purchaser, at which point the purchaser may
walk away from the deal and have the deposit returned. The purchaser
may also choose to close and receive any insurance proceeds. In this
unfortunate event, remember not to make any repairs until you find out
what the purchaser wants to do.
The Closing
Once signing the agreement, both the vendor and purchaser are under a
legal obligation to close. If you decide not to for whatever reason,
the purchaser has the right to sue.
If the purchaser decides to walk away from the deal, you can claim the
purchaser's deposit or sue for damages.
Just Because Your House Has Sold, That Isn't the End
Chances are you've bought a new home, or are in the process of looking
for one. While you already have experience with the home-buying
process, our comprehensive first-time buyers' guide has all the
information, calculators, worksheets, checklists, calendars and tips
you need.
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Not intended to solicit properties currently listed for sale or individuals currently under contract with a broker.
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