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Closing or Settlement >Walk Through Woes
Buyers can be a little cranky on closing day if things go wrong during the walk-through inspection. For example, the sellers' dependable old dishwasher might stop midway through its cycle and the bathroom sink might clog unexpectedly. These situations can create anxiety for the buyers and sellers, but such problems are quite common and usually simple to resolve.
Most purchase agreements require that the major mechanical systems and the appliances being conveyed are in working order at the time of the closing. Defects are often discovered during the structural inspection, allowing the sellers plenty of time to have the repairs made. Occasionally there are last-minute breakdowns or defects that are not spotted until the walk-through inspection. In that case, an agreement can be made with the sellers at the closing to escrow funds for the repair or replacement of the items in question.
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Where and when was the first motel introduced on the American commercial real estate scene?
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The first motel, appropriately named the "Motel Inn", opened in San Luis Obispo in 1925. |
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Joe Vetrano
HK Lane Real Estate
72-895 Fred Waring Dr.
Palm Desert, CA 92260
Tel: 760-963-0587
Fax: 760-564-9083
Email: joevetrano@yahoo.com
Joe began his real estate career in 1989 at Ocean Colony Realty in Half Moon Bay, California, selling custom homes to Bay Area residents. A combination of understanding the ever changing real estate market along with the lifestyle that clients expect when purchasing a home in private golf communities has helped Joe continue to be a top producer year after year.
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