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Closing Tips for Sellers of Lakeland Sandpiper Golf Homes for Sale

Closing Tips for Sellers of Lakeland Sandpiper Golf Homes for Sale

Your Lakeland Sandpiper golf home for sale has a ratified contract yet you can’t completely relax until you and the  buyer, get to the closing table.

The burden of finalizing the financing to purchase the home falls on the buyer, some contingencies in the contract will also affect you, the seller. Most contingencies include a home inspection, make sure your home will be available for the inspection. Be ready to negotiate with the buyers about any issue that comes up in the inspection.

Some contracts and some lenders will require a termite inspection and a radon gas inspection. Again, make your home is available for these inspections.

The appraisal will also need to be completed prior to close of escrow.  If the appraisal comes in higher than the selling price of the Lakeland Sandpiper golf front home for sale, it will be an advantage to the buyer since they purchased the home at a price lower than its market value. Take note that once the contract is signed, you cannot negotiate for a higher price.

However, if the appraisal comes in lower than the selling price, the buyer’s lender will give a loan amount equal to the lower value. This means that the buyer’s financing will be insufficient and the buyer will need to come up with additional cash to cover the difference. The buyer can also re-negotiate the selling price stated on the contract with you.

Closing Tips for Sellers of Lakeland Sandpiper Golf Homes for Sale

In this situation, the best thing to do is consult your Lakeland Fl agent on the best way to handle it. Just remember that both you and the buyer are bound by the terms of the contract.

Before going to closing, make sure you and your agent go through the contract and that you are keeping the promises you made regarding which items are included in the sale of the home and any repairs you promised to make.

The buyer and seller can negotiate a mutually agreeable closing date. Make sure you have a written agreement of who is responsible for the home in case anything happens to it or its contents during the transition period.

Once the settlement papers are signed and the keys to your Lakeland Sandpiper golf home for sale are transferred to the new owners, you can relax and move to your next home.

 

Authored by Petra Norris 

 

Petra Norris - REALTOR®, SFR
Managing Broker - CDV TransAtlantic, Inc.
 
CDV TransAtlantic Inc
(863) 619-6918
 
Lakeland Florida Home Search
 
2 commentsPetra Norris • April 18 2014 07:51AM
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