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Did you know that fewer than 1% of Realtors hold the designation ACCREDITED CONSULTANT IN REAL ESTATE? Bill does! Work with the best (252) 441-2450.
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NOTICE: WWW.OBXMLS.COM is NOT the official website of the Outer Banks Association of Realtors Multiple Listing Service.
WWW.OBXMLS.COM & it's contents are the copyrighted property of Bill Holt, a NC Licensed Real Estate Broker & Member of the Outer Banks Association of Realtors.
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Welcome! Here You Can Find Great Information about the Outer Banks Real Estate Market with Bill Holt of RE/MAX Ocean Realty -- Your Source for Real Estate Information on the Outer Banks! Looking for homes? Search everything the web has to offer, right here! Don't miss our Feature Homes. Need local real estate information? We've summarized much of what is important about the Outer Banks real estate market in this site. Need expert advice? No web site, large or small, can take the place of a top Realtor. Not even ours! This site is filled with ways that you can contact us for one-on-one expert help and advice. That's our job. Contact us with confidence! We guarantee your privacy will be respected. We offer the services on this site for free and without obligation. Why? We want to be YOUR Realtor. As your trusted, professional real estate partners, we will help you find the best home in your area within your price range, and, working with you, we will sell your home, for as much as the market will bear, and as quickly as possible. Buying and selling a home is one of the biggest events in your life. We have the experience and track record you are looking for. We are ready to help YOU!  |
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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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| Q |
What home product makes lawn mowing easier than ever?
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The Robomow, a robot lawn mower manufactured in the UK by Friendly Machines, can cut 6,000 square yards of lawn all by itself. |
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