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School Reports in Lake Minnetonka, Minnetonka and Minneapolis Western Suburbs, Minnesota
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Real Estate Tips
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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Real Estate Trivia
Q 
What is the average price for a home in the United States?

A 
According to recent data published by the NAR, the national median price for existing single-family homes is now $230,000.
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Bill Pauling, REALTOR®, real estate agent and broker for Lake Minnetonka, Minnetonka and Minneapolis Western Suburbs, Minnesota home listings, property and land for sale - NUMBER1EXPERT(tm)

Bill Pauling
Edina Realty

14451 Highway 7
Minnetonka, MN 55345
952-942-5387
Fax: 952-938-7707
bill@paulinghomes.com


Missy Bennett Missy Bennett
Edina Realty

14451 Highway 7
Minnetonka, MN 55345
Direct: 952-942-3148
Cell: 612-554-1463
Fax: 952- 938-7707
Missy@paulinghomes.com

*For prompt, professional Real Estate service.*





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