Options exist to help you avoid foreclosure-including counseling, refinancing, and short sales. Purchasers of foreclosures should be aware that such homes, despite their reputation, are rarely big bargains or easy money-makers, and can be very difficult to buy.
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Why Sellers Choose The Jeanne Walters Team - Why home sellers in Bloomington, Spencer and Indiana University choose The Jeanne Walters Team. Free Presentation - Free in-home listings presentation on marketing your Bloomington, Spencer and Indiana University, in Monroe County Indiana property. Property Valuation - How much is your Bloomington, Spencer and Indiana University home worth? What Did That Home Sell For? - What did that Bloomington, Spencer and Indiana University, Indiana property or other real estate sell for? FSBO - Selling your Bloomington, Spencer and Indiana University real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Bloomington, Spencer and Indiana University Homes, For Home Buyers, For Home Sellers, Bloomington, Spencer and Indiana University Information, Real Estate Resources, and About The Jeanne Walters Team.
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Most home purchase agreements have clauses that deal with termites. After the agreement is ratified, a termite inspection is arranged. Before the closing can occur, the sellers must be able to produce papers signed by a licensed exterminator stating that the house is free of infestation and that any termite damage has been repaired.
Before you sign an agreement to buy or sell a home, you should read the termite clause and be sure that you understand it. Who selects the exterminator and pays for the inspection? If bugs are found, who pays for the treatment? Are the sellers obligated to repair any damage and have they placed a limit of the dollar amount they will spend on those repairs? If treatment is required, the buyers may want a chance to discuss the options with the pest control company, especially if someone in the family is sensitive to the chemicals used to control the termites. Ask about the exterminator's guarantees or service contract options.
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What mortgage transactions between borrowers and lending institutions operate in the private sector of the economy?
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Conventional mortgages are private sector transactions that are not insured or guaranteed by the government. |
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