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Real Estate Tips
Disclosure Laws >Avoiding Delays During Escrow

Unforeseen problems can arise during escrow, and closing dates are never set in stone! Lenders, appraisers, title attorneys, credit check services, or anyone who is involved in the transaction could potentially delay a closing. Stay in close touch with your real estate agent, who will notify you of deadlines and help you deal with delays.

Well-written sales contracts are the key to avoiding problems during escrow. For example, provisions can be included in the agreement that require the buyer to provide evidence of sufficient funds for down payment and closing costs, or to present proof of the ability to obtain homeowner's insurance. Because of new restrictions on insurance policies, the mortgage lender may require insurance before funding the loan.

There is also a section in the sales contract wherein the seller makes a warranty to the buyer of the condition of the property. It is important to make sure that this clause is modified to reflect the seller's transfer disclosure statement. If this is not done, the seller could be required to repair items that are found to be dysfunctional or faulty, and this could add time to the escrow period.

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Real Estate Trivia
Q 
What house is thought to be the first one designed by Frank Lloyd Wright?

A 
Charnley House in Chicago, Illinois, is considered to be the first home designed by Wright while at Adler & Sullivan.
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Joe & Missy Cleary, REALTOR®, real estate agents and broker for Sarasota, Venice, Bradenton, Longboat Key and Siesta Key Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Joe & Missy Cleary
RE/MAX Alliance Group
5140 Ocean Blvd.
Sarasota, FL 34242
Office: 941-954-5454
Fax: 941-954-5455
Missy Cell: 941-809-3410
Joe Cell: 941-650-8485
Email: clearygroup@gmail.com

Hello! We are The Cleary Group of RE/MAX Alliance Group in sunny Sarasota, Florida. Our team of agents includes Brenda Bradshaw, Matthew Donovan and Cheryl Torres. We also serve Siesta Key, Pelican Cove, Bradenton, Venice, Longboat Key, and Lido Key, and have been selling in this area for over 10 years! We specialize in residential and condominium sales on the mainland and The Keys of Sarasota, Florida. Our high tech approach to the business enables us to keep close contact with our clients and to constantly learn new marketing techniques for our listings. We particularly enjoy working with people who are relocating to the area for retirement or those who are just starting new careers in this lovely community. Please call us toll free 1-877-814-1233 or email us today at Clearygroup@gmail.com.

REALTOR GRI ABR CDPE MLS


www.theclearygroup.com is brought to you by Joe & Missy Cleary
NUMBER1EXPERTS™ in real estate for Sarasota, Venice, Bradenton, Longboat Key and Siesta Key, Florida

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