Condition of Home at Closing – Buyer Inspection Sellers must understand their duty to transfer the luxury home in proper condition and the buyer’s right to inspect the home prior to consummating the closing. Understanding property condition requirements and the buyer’s inspection rights ensures legal compliance with the terms of the sales contract. Sellers must fulfill their responsibilities, […]
Read MoreWhat Happens if the Property is Damaged After the Offer is Made? Who pays if the luxury home gets damaged after the real estate contract is signed by both buyer and seller but before the transaction is closed? A commonly asked question. The answer is revealed in the sales contract – as modified during negotiations. Selling […]
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